Oʻahu Single-Family Home Sales Increase in March While Condo Activity Softens
Single-family home sales below $1 million see increased activity, while nearly 50% of condo sales occur in the $300,000 to $599,999 range
According to resale figures released today by the Honolulu Board of REALTORS®, properties priced at $500,000 and below accounted for 178 sales in March and 473 year-to-date, with 1,138 active listings available in that price range.
Single-family home sales rose 26.2% year-over-year to 260 transactions, compared to 206 sales a year ago, while condo sales declined 4.9% to 351 transactions from 369 in March 2025. Through the first quarter, single-family home sales are up 10.9% compared to the same period last year, while condo sales are down 3.6% year-to-date.
Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:
Single-Family Home Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| March 2026 | 260 +26.2% | $1,199,500 +3.4% |
| March 2025 | 206 | $1,160,000 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| March 2026 | 351 -4.9% | $510,000 +2.0% |
| March 2025 | 369 | $500,000 |
Sales activity in March shifted across price points in the single-family home market, with transactions at $999,999 and below rising 31.9% year-over-year, from 69 to 91. At higher price points, sales in the $1,000,000 and above range increased from 137 to 169 transactions. In the condo market, activity was mixed across price ranges, with nearly 50% of sales occurring in the $300,000 to $599,999 segment. The $700,000 to $799,999 range recorded the largest increase, rising 62.5% from 24 to 39 sales.
“We continue to see encouraging activity below the $1 million price range, which is an important indicator for local buyers and overall market accessibility,” said Aaron Tangonan, president of the Honolulu Board of REALTORS®. “At the same time, transactions at higher-price points remain active, reflecting a market with demand across multiple segments.”
“As more resources and programs become available for first-time homebuyers, we’re hopeful this will help sustain momentum, particularly among local residents. Working with a REALTOR® can help buyers better understand their options and connect them with programs and support that can make homeownership more achievable,” added Tangonan.
Median sales prices in March reflected modest year-over-year increases in both markets. The single-family home median rose 3.4% compared to March 2025, while the condo median increased 2.0% to $510,000.
Properties in both markets spent slightly more time on the market compared to a year ago. Despite the increase, the median days on market for single-family homes remained under one month at 21 days, compared to 15 days last year. In contrast, median days on market for condos rose from 40 to 43 days, indicating slightly more time for buyers to evaluate available options.
Buyer activity was slightly down in March, which may reflect a combination of factors, including higher mortgage rates and recent weather-related impacts from the recent Kona low systems. Both markets saw fewer contract signings, with pending sales in the single-family home market falling 7.5% year-over-year to 245 and condos pending sales declining 6.2% to 394.
“Factors like mortgage rates and recent weather-related impacts can influence the pace of activity in any given month. As those conditions stabilize, we typically see buyers and sellers re-engage with the market,” Tangonan added.
New listings for single-family homes fell 13.5% year-over-year to 326 in March, while condo new listings decreased 15.5% to 667. Active inventory for single-family homes remained limited, down 10.6% compared to last year, while condo inventory was relatively unchanged, dipping 0.3%.
Twenty-six percent of single-family home sales closed above the original asking price, compared to 29% a year ago, with sellers receiving a median of 98.6% of their original list price. In the condo market, 14% of sales closed above asking price, up from 11% last March, with a median of 97.3% of the original list price received.