Hawaii Real Estate Market Update: September 2025
The Oahu real estate market concluded the third quarter with a persistent divergence between its two main sectors in September 2025. The single-family home market continued its upward trajectory, with the median sales price rising 3.8% year-over-year to $1,155,000. This consistent performance is reflected in the year-to-date figure, which shows the median sales price for single-family residences up 4.1% to $1,145,000. In contrast, the condominium market experienced a slight cooling, with its median sales price dipping 1.7% year-over-year to $508,750, and the year-to-date median edged down 1.0% to $505,000.
Single-Family Home Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| September 2025 | 276 +27.2% | $1,155,000 +3.8% |
| September 2024 | 217 | $1,122,722 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| September 2025 | 408 +11.5% | $508,750 -1.7% |
| September 2024 | 366 | $517,500 |
Source: HiCentral
Buyers gained more leverage and selection as the pace of sales slowed and active inventory grew. Properties spent notably longer on the market compared to the previous year, with the median days on market for single-family homes extending to 26 days (up from 19) and for condos lengthening to 40 days (up from 31). This extended timeline corresponds with an increase in active listings; single-family inventory saw a 5.7% boost, and condo inventory recorded a more substantial 23.3% rise compared to September 2024. While new single-family listings were down 6.0% for the month, condo listings saw a marginal 1.1% bump, and both property types remain ahead in new listings year-to-date.
Despite the market’s more moderate pace, sales activity remained strong in specific segments, reflecting targeted buyer demand. The single-family home market saw significant transaction surges, particularly in the mid-range $800,000 to $899,999 bracket (up 81.0%) and the premium $1.4 to $1.59 million range (which doubled its sales volume). Approximately one in four single-family homes continued to sell above the original asking price, though this was down slightly from last year. For condos, sales activity was particularly robust at the lower end, with the $100,000 to $299,999 range more than doubling its sales volume, and the $500,000 to $599,999 range rising 63.6%. Pending single-family sales fell 11.8%, but pending condo sales saw a modest 2.5% increase, indicating varied short-term momentum across the island’s housing sectors.
