🌴 March 2025 Oʻahu Real Estate Market Update

The Oʻahu housing market closed out Q1 with a blend of rising prices, growing inventory, and shifting buyer behavior. Whether you're buying a home in O‘ahu, selling a condo in Honolulu, or keeping an eye on Honolulu home prices, here’s what you need to know this month.

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🏠 Single-Family Homes: Prices Up, Sales Down

The Oʻahu real estate market update indicates ongoing price increases for single-family homes, despite a slight decrease in buyer activity.

📈 Key Stats:

• Median Sales Price: $1,160,000 (↑ 5.5% YoY)

• Closed Sales: 206 homes (↓ 10.4% YoY)

• Median Days on Market: 15 days (↓ from 31 days last year)

• Average Sales Price: $1,819,326, skewed by a $65.75M Kāhala sale➤ Without that outlier: $1,507,469

🔎 What’s Driving This? Inventory has grown, giving buyers more choices—but high interest rates and pricing have some stepping back. Despite fewer sales, demand remains strong in desirable neighborhoods.

🏢 Condos: More Sales, Slower Pace

Condos in Honolulu and across Oʻahu had a stronger showing in March, with more units sold—but a longer time to sell.

📈 Key Stats:

• Median Sales Price: $500,000 (flat YoY)

• Closed Sales: 369 condos (↑ 7.3% YoY)

• Median Days on Market: 40 days (↑ from 29 days)

• Average Sales Price: $614,751 (↑ 6.1%)

🔎 What’s Driving This? Inventory is surging—up over 54% year-over-year—thanks to a rise in new listings and slower turnover. Buyers have more options, but are taking their time.

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📊 Oʻahu Real Estate Market Inventory & Activity

The Oahu housing market saw a major boost in available listings, providing fresh opportunities for buyers.

Single-Family Homes:

• New Listings: 377 (↑ 29.6% YoY)

• Active Inventory: 773 (↑ 33.0% YoY)

Condos:

• New Listings: 789 (↑ 21.9% YoY)

• Active Inventory: 2,302 (↑ 54.2% YoY)

Pending Sales:

• SFH: 265 (↓ 5.4% YoY)

• Condos: 420 (↓ 4.3% YoY)

⏳ Days on Market Comparison:

• Homes are selling faster. Condos are lingering.

• Sellers need to be sharp on pricing and presentation.

🔮 Strategic Insights

For Buyers:

✅ More listings = more leverage

✅ Condos offer room to negotiate

⚠️ Single-family homes are still moving quickly—be ready to act fast if you find the right fit

For Sellers:

✅ High home prices mean strong potential gains

⚠️ Condos need to stand out in a crowded field

✅ Proper pricing is key—homes selling closest to asking are still commanding attention

🌺 Team Alaka‘i Insight

“In this changing market, success comes down to timing, strategy, and local insight. Whether you're buying or selling, Team Alaka‘i will help you make the smartest move for your goals.”

📞 Ready to Navigate the Oʻahu Market?

The Honolulu real estate market is evolving — and having the right strategy is everything. Whether you’re buying a home on Oʻahu or thinking about selling your Honolulu condo, Team Alaka‘i is here to guide you every step of the way.

👉 Click the banner below to schedule your FREE consultation and get expert insight tailored to your goals.