O'ahu Single-Family Home Sales Jump 20.5%
as Median Price Rises
Sales above $1.3 million nearly doubled year-over-year, while one in three homes sold still closed under $1 million
HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, More than 1,000 Oʻahu properties priced at $500,000 and below have sold during the first half of 2026. Buyers closed on 180 properties in that price range in June, bringing the year-to-date total to 1,003 sales, while 1,224 active listings remained available at month’s end. During the first six months of the year, 35% of all single-family home sales closed below $1 million, while 47% of all condo sales closed below $500,000.
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 | |
|---|---|---|
| JULY 2026 | 300 +20.5 | $1,224,500 +13.9% |
| JULY 2025 | 249 | $1,075,000 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| JULY 2026 | 416 +6.9% | $504,500 +3.0% |
| JULY 2025 | 389 | $490,000 |
O‘ahu single-family home sales climbed 20.5% year-over-year in July to 300 transactions, with the median sales price rising 13.9% to $1,224,500. The rise in the median was driven largely by more buyers transacting at higher price points: sales between $1,300,000 and $1,999,999 rose 76.9% year-over-year, from 52 to 92 transactions, while sales at $2,000,000 and above jumped 83.3%, from 24 to 44 transactions.
Activity continued at lower price points as well. Buyers closed on 211 properties priced at $500,000 and below in July, bringing the year-to-date total to 1,214 sales, while 1,237 active listings remained available at month’s end. Ninety-eight single-family homes, or 33% of the month’s sales, closed under $1 million, and 202 condo sales, or 49% of the condo market, closed under $500,000. Through the first seven months of the year, 34% of all single-family home sales closed below $1 million, while 47% of all condo sales closed below $500,000.
Condo sales rose 6.9% year-over-year to 416 transactions, and the condo median sales price increased 3% to $504,500. Year-to-date, single-family home sales volume was up 6.5% year-over-year, while the condo market trailed 0.8% behind 2025’s pace.
Properties moved faster across the board in July. Single-family homes spent a median of just 14 days on the market, down from 20 days a year ago, while condos spent a median of 38 days on the market, down from 50 days.
Single-family home sellers received a median of 100% of their original asking price in July, up from 99.4% a year ago, and 33% of sales closed above the original asking price, up from 26% in July 2025. Condo sellers received a median of 96.6% of their original asking price, compared to 96.3% a year ago, with 11% of condo sales closing above asking, up from 8%. Seller activity increased in July, with single-family new listings up 3.0% year-over-year to 380, and condo new listings up 9.3% to 707. Regionally, single-family new listings grew most in the Leeward (42.9%) and Kailua (29.4%) regions, while Waipahu and Pearl City each saw new listings decline 44% year-over-year.
Active inventory remained mixed: single-family active listings were down 5.9% year-over-year to 802, while condo active inventory rose 3.9% to 2,554. Pending sales softened in both markets, down 2.1% for singlefamily homes and 16.3% for condos — though a few regions bucked the condo trend, including Pearl City (+60.0%), the Central region (+23.8%), and Hawaiʻi Kai (+16.7%). The average 30-year fixed mortgage rate remained below year-ago levels but rose nearly a quarter point over the course of the month, averaging 6.66% as of July 30, according to Freddie Mac’s Primary Mortgage Market Survey.
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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