Oahu Real Estate Market Update April 2025: What Buyers and Sellers Need to Know

Matthew Wong
May 7
2 min read

The Oahu real estate market update April 2025 highlights slower sales and rising inventory across the island, signaling a shift toward a more buyer-friendly market. While home prices remained strong, both single-family and condo sales dipped compared to last year, even as inventory climbed sharply. Whether you’re considering buying or selling a home in Honolulu or keeping an eye on the island’s housing trends, here’s what you need to know.

Modern rooftop deck with a white lounge chair and planters at an urban condo, perfect for relaxing outdoors in a private setting.

📊 Oahu Real Estate Market Update Overview April 2025 Snapshot

Single-Family Homes
- Median Sales Price: $1,170,000 (↑ 6.4% YoY)
- Closed Sales: 241 (↓ 8.0% YoY)
- Median Days on Market: 29 (↑ from 17 days last year)
Condos
- Median Sales Price: $505,000 (↓ 4.4% YoY)
- Closed Sales: 395 (↓ 8.4% YoY)
- Median Days on Market: 43 (↑ from 29 days)

The Oʻahu real estate market update April 2025 reflects a shift toward a more buyer-friendly environment with rising inventory and longer market times.

📈 Inventory Grows, Giving Buyers More Choices

Inventory levels jumped significantly:

Single-Family Active Listings: 805 homes (↑ 30.3% YoY)
Condo Active Listings: 2,512 units (↑ 59.4% YoY)

New listings continue to rise too, especially for condos priced under $600K. This expanding supply means buyers have more to choose from — but are also taking more time to act.

💡 What It Means for Buyers

More choices = more negotiation power
Sellers are reducing prices and adjusting expectations
Interest rates around 6.76% are influencing affordability

If you’ve been waiting on the sidelines, this may be your moment to explore deals, especially in the condo market.

💼 What It Means for Sellers

Strategic pricing is more important than ever
Homes still in demand are those that are updated, well-presented, and well-located
Only 27% of homes and 9% of condos sold above asking price — a drop from last year

With increased inventory and a more deliberate buyer pool, patience and proper staging will be key to attracting offers.

High-rise condominium buildings surrounded by lush greenery in an Oʻahu urban neighborhood on a clear, sunny day.

🏝️ Honolulu Housing Trends to Watch

Luxury Sales: The average sales price for single-family homes dipped to $1.4M, but was previously skewed by a record-breaking $65M Kāhala sale in March.
Condo Affordability: The strongest growth in condo sales came from the $200K–$399K range, a sign of affordability driving activity.
Pending Sales Down: A slowdown in new contracts signals continued caution among buyers.

🧭 Local Expertise Matters

“Higher borrowing costs and rising maintenance fees are shaping how buyers evaluate their options,” said Trevor Benn, President of the Honolulu Board of REALTORS®. That means whether you're buying or selling, strategy and timing matter more than ever.