Oahu Real Estate Market Report – August 2025

Oahu Real Estate Market Report August 2025: Key Insights

The O‘ahu housing market in August 2025 showed modest shifts in both sales volume and pricing, with single-family homes edging up in activity while condos slowed slightly.

• Single-Family Homes: 259 closed sales (+2.4% YoY), median price $1,105,500 (-1.5% YoY)

• Condos: 391 closed sales (-2.5% YoY), median price $515,000 (+3.0% YoY)

• Pending Sales: Single-family homes up 28.5%, condos down 1.0%

• Inventory: 790 single-family homes (+3.9% YoY), 2,412 condos (+28.4% YoY)

• Days on Market: 22 for single-family homes, 48 for condos (both much higher than 2024)

Single-Family Homes: Buyer Momentum Rising

While prices softened slightly, buyers jumped back into the single-family home market:

• Pending sales surged 28.5%, the highest monthly total in 2025 so far.

• Sales were strongest in the $900K–$1.2M price range (+19.4% YoY).

• ʻEwa Plain led the way, with a 30% jump in closed sales and pending sales up 64.7%.

• Median days on market stretched to 22 days (vs. 14 last year), signaling buyers have a bit more time to act.

Condos: Price Growth but Slower Sales

Condo sales volume slipped, but values edged higher:

• Median price climbed to $515,000, a 3.0% YoY increase.

• Sales were strongest in the $1M+ segment, which grew 32.5% (53 sales).

• Pending sales were steady overall, though activity dipped in Central O‘ahu and ʻEwa Plain.

• Median days on market rose to 48 days, compared to 28 days a year ago.

Inventory & Listings: More Choices at the Top End

• Luxury Listings: Single-family homes listed at $2M+ surged 40.8%, led by East Honolulu and Windward O‘ahu.

• Condo Inventory: 2,412 active units, up nearly 30% YoY, with almost half priced between $300K–$600K.

• Months of Supply: 3.4 months for single-family homes, 6.7 months for condos — meaning buyers, especially in the condo market, have more negotiating power than last year.

What This Means for You

• Buyers: With more listings, especially in condos and high-end homes, you’ll have more options and room to negotiate. Rising days on market can work in your favor.

• Sellers: Single-family homes under $1.2M are moving fastest. Pricing strategically and presenting your home well will be key to standing out.

• Investors: The Oahu real estate market report August 2025 highlights opportunities in both mid-range condos and luxury single-family homes.

• Homeowners: Even if you’re not planning to sell right now, dad shows steady long-term value growth. Monitoring your home’s equity can help you plan for refinancing, renovations, or future investments.

August 2025 At a Glance (O‘ahu)

• Single-Family Homes

  • Sales: 259 (+2.4% YoY)

  • Median Price: $1,105,500 (-1.5% YoY)

  • Days on Market: 22 (vs. 14 in Aug 2024)

• Condos

  • Sales: 391 (-2.5% YoY)

  • Median Price: $515,000 (+3.0% YoY)

  • Days on Market: 48 (vs. 28 in Aug 2024)

FAQs: O‘ahu Real Estate – August 2025

Q: Is now a good time to buy on O‘ahu?

A: With inventory up and days on market rising, buyers have more leverage, especially in the condo market. VA buyers and first-time buyers may find more opportunities now.

Q: What price ranges are the hottest?

A: For single-family homes, $900K–$1.2M is the most active. For condos, demand is strong at $1M+ but also steady in the $300K–$600K range.

Q: How competitive are offers right now?

A: Single-family homes are still closing near list price (98.8%), but condos are down to 96.4% of asking. Buyers may be able to negotiate better terms.

Q: How long do homes stay on the market?

A: Single-family homes average 22 days, while condos take about 48 days. Both are significantly slower than 2024.

Let’s Talk About Your Real Estate Goals

Thinking about buying or selling real estate? Team Alaka‘i can help you navigate today’s shifting market. Whether you’re a first-time buyer, investor, or looking to sell, our local expertise gives you the edge.

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