The February 2025 Oahu real estate market update reveals a dynamic shift in the local housing market. Single-family home prices have reached a record high, while condo sales have slowed, creating a mixed market that presents both challenges and opportunities for buyers and sellers. If you’re planning to make a move in O‘ahu, understanding these trends is key to developing a winning strategy.
📈 O‘ahu Real Estate Market Update – Single-Family Homes Hit Record Highs
The O‘ahu housing market saw single-family home prices surge to a record $1,185,000 — a 10.2% increase from February 2024. This surpasses the previous peak of $1,153,500 set in May 2022.
🔎 Why Single-Family Home Prices Are Increasing
More sales are happening in the $1.1M to $1.39M range — making up 27% of all sales (up from 21% last year).
Fewer homes are selling below $899,999 — only 22% of all sales compared to 30% last year.
🏃 Faster Sales Despite Higher Prices
Single-family homes sold in a median of 23 days — down from 30 days in February 2024 — showing that demand remains strong despite rising prices.
💰 Sellers Are Getting Their Asking Price
Homes sold for an average of 98% of the original list price — a sign that buyers are willing to meet seller expectations in a competitive market.
🏢 O‘ahu Condo Market Update – Lower Prices and More Options
While the single-family market is heating up, the condo market is showing signs of softening:
Median condo price: $494,000 — a 3.6% decrease from $512,500 in February 2024.
Sales volume: Condo sales dropped 12.3% year-over-year to 293 units (down from 334).
Days on market: Condos are sitting longer, with the median days on market increasing to 48 days (up from 39 days).
📊 Why Condo Prices Are Softening in the Oahu Housing Market
Condo inventory rose significantly, with active listings up 55.6% year-over-year to 2,160 active units.
New condo listings: Increased by 20.3% to 641 — nearly 50% were priced between $300,000 and $599,999.
📊 Rising Inventory Creates More Choices for Buyers
Single-Family Homes: Inventory for single-family homes increased by 21.5% year-over-year to 728 active listings. However, new listings dropped by 4.7% to 281 — meaning more homes are staying on the market longer.
Condos: Condo inventory surged by 55.6% year-over-year to 2,160 active listings. New condo listings increased by 20.3% to 641 — nearly 50% of which were priced between $300,000 and $599,999.
🔮 What the February 2025 Oahu Real Estate Market Update Means for Buyers and Sellers
✅ Strategic Advice for Buyers:
Single-family homes are becoming more expensive but are moving quickly. If you're in the market for a single-family home, expect competition at higher price points.
Condo buyers have more negotiating power with rising inventory and softening prices — making it a potentially good time to secure a deal.
✅ Key Tips for Sellers to Maximize Profit:
Single-family home sellers are still getting close to asking prices but should prepare for a smaller pool of buyers at higher price points.
Condo sellers may need to price more competitively and adjust expectations around time on market.
🌺 Team Alaka‘i Takeaway – Expert Insight on the O‘ahu Housing Market
"O‘ahu’s real estate market is shifting — single-family homes are hitting record prices while condo inventory is expanding. This creates opportunities for both buyers and sellers, but navigating these changes requires a strategic plan. At Team Alaka‘i, we’re here to help you make sense of the market and make your next move with confidence."
👉 Need help navigating the O‘ahu real estate market? Let's sit down and map out a plan — contact our team today!
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