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.

📊 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.

🏝️ 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.
📞 Let’s Talk Strategy for Your Next Move
If you’re planning to buy a home in Honolulu, sell a condo on Oʻahu, or just want a better sense of where the market’s headed, we’re here to help.
👉 Click the banner below to schedule your FREE strategy call with Team Alaka‘i.
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