O'ahu Housing Market Begins 2026 with Stable Single-Family Home Sales, Softer Condo Activity
Homes priced at $500,000 and below account for 146 sales in January as overall market activity remains steady
HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, O'ahu's housing market opened 2026 with generally steady conditions compared to January 2025, with single-family home sales holding relatively stable and condominium activity softening year-over-year. Properties priced at $500,000 and below accounted for 146 year-to-date sales in January, with more than 1,000 active listings available in that price range. Overall, single-family home sales totaled 194 transactions, down 1.0% from a year ago, while condominium sales declined 4.8% year over year to 297.
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 | |
|---|---|---|
| JANUARY 2026 | 194 -1.0% | $1,122,500 3.9% |
| JANUARY 2025 | 196 | $1,120,000 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| JANUARY 2026 | 297 -4.8% | $529,000 -1.9% |
| JANUARY 2025 | 312 | $539,500 |
"There is often a perception that sales activity is concentrated at the upper end of the market," said Aaron Tangonan, president of the Honolulu Board of REALTORS®. "January data for properties in the $500,000 and below range reflects the diversity of listings and buyer activity on O'ahu, and shows that opportunities for homeownership continue to exist, even as market conditions vary across segments."
Homes priced at $500,000 and below accounted for 146 year-to-date sales in January, with more than 1,000 active listings available in that price range. Overall, the new year opened with stable single-family home sales, down 1.0% year-over-year to 194, while condominium sales declined 4.8% year-over-year to 297. Single-family homes moved at roughly the same pace as last January, at a median of 27 days on market compared to 25 days a year ago. Condos spent more time on market, as the January median days on market increased to 47 days, up from 39 one year ago.
In both markets, the median sales price showed modest movement. The single-family home medianprice increased 0.2% year-over-year, while the condo median price dipped 1.9% to $529,000. Nearly 60% of single-family homes in January were sold between $800,000 to $1,399,999. This price range also saw the highest share of sales closing at or above the original asking price. Condosales were relatively steady across most price points, though activity dropped the most in the $700,000 to $899,999 range, down 29.8% year over year to 40 sales. Across all price points, condo sales generally closed below the original asking price.
Single-family homes saw higher buyer competition, with approximately 31% of sales closing above the original asking price, compared to 23% last January. In the condominium market, 7% of sales closed above asking price in January, down from 10% a year ago, with most condo sales closing below the original asking price.
Pending sales activity showed positive movement in both markets to start the year. Single-family home pending sales rose 14.4% year-over-year, while condominium pending sales grew 5.0%. January recorded 239 contract signings for single-family homes and 375 for condominiums.
New single-family home listings recorded a 2.1% uptick year-over-year in January, rising from 336 to 343. In the condominium market, sellers brought fewer new listings to market, with 696 new listings compared to 739 a year ago, a 5.8% decline. The $300,000 to $399,999 price range accounted for the largest share of new condominium listings and recorded the greatest year-over-year increase, rising 16.8% from 107 to 125.
Compared to last January, the single-family home market offered buyers fewer choices, as activeinventory declined 8.2% year-over-year to 674 listings. Condominium buyers had more options,with active inventory rising 5.8% to 2,210 listings at the end of January.
The information contained in this report is provided to the National Association of REALTORS® and the Hawaiʻi State Department of Economic Development, Business and Tourism for its official reports. This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow.
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