More Than 1,000 Oʻahu Properties Sold at $500,000 and Below During First Half of 2026
Single-family homes remained on the market for just 13 days as sellers received a median of 100% of their asking price
HONOLULU — According to resale figures released today by the Honolulu Board of REALTORS®, more than 1,000 Oʻahu properties priced at $500,000 and below have sold during the first half of 2026. Buyers closed on 180 properties in that price range in June, bringing the year-to-date total to 1,003 sales, while 1,224 active listings remained available at month’s end. During the first six months of the year, 35% of all single-family home sales closed below $1 million, while 47% of all condo sales closed below $500,000.
Using data collected from its Multiple Listing Service (MLS) system, the Board reported the following statistics:
Residential sales remained mixed through the first half of 2026. Buyers closed on 1,386 single-family homes, a 3.9% increase over the same period last year, while condo sales declined 2.3% to 2,053 transactions. In June, single-family home sales slipped 6.6% year-over-year to 270 sales, while condo sales rose 10.9% to 397 transactions.
Single-family homes continued to sell quickly in June, spending a median of 13 days on the market, down from 24 days a year ago and remaining at 13 days for the second consecutive month. Condo median days on market remained even with last year’s pace at 40 days and improved slightly from 43 days the previous month.
“Even with fewer single-family home sales in June, several indicators pointed to persistent demand. Single-family homes continued to move quickly, sellers received a median full asking price and a larger share of homes sold above the original asking price than a year ago, suggesting a small uptick in buyer competition,” said Aaron Tangonan, president of the Honolulu Board of REALTORS®.
Year-to-date, median sales prices continued to rise modestly in both markets, increasing 2.6% for single-family homes and 1.5% to $515,000 for condos. Pulling up the single-family home median sales price in June was a 39.7% increase in sales of homes priced between $1,300,000 and $1,999,999, from 68 to 95 sales. The June condo median sales price increased 3.5% year-over-year to $528,000, while sales activity was strongest in the $500,000 to $599,999 and $800,000 to $999,999 price ranges, increasing 56.3% from 48 to 75 sales and 93.8% from 16 to 31 sales, respectively.
Single-family home sellers received a median of 100% of their original asking price in June, compared to 98.2% a year ago. The share of homes selling above the original asking price also grew from 27% to 33%. Condo sellers received a median of 96.8% of their original asking price, compared to 97.2% in June 2025. Condo sales also indicated a slight increase in the share of sales above the original asking price, rising from 10% to 13%.
“Headline market statistics are an important starting point, but they don’t define every buyer’s opportunities. Working with a REALTOR® can help prospective homebuyers better understand what’s available in their price range, explore financing options and identify homeownership programs that align with their goals,” added Tangonan.
Seller activity was mixed in June, with new listings declining 7.3% year-over-year to 369 single-family homes, while condo new listings rose 10.3% to 740 properties.
Active inventory remained below last year’s levels in both markets, declining 9.3% for single-family homes and 0.7% for condos. Despite the slight year-over-year decrease in condo inventory, available supply remained relatively consistent and continued to reflect conditions that were more favorable for buyers.
Media Kit
The information contained in this report is provided to the National Association of REALTORS® and the Hawaiʻi State Department of Economic Development, Business and Tourism for its official reports. This report reflects information about resales of existing properties only and does not include new home sales. All MLS data is compiled from sales reported during the cited months and is known only after the closing of escrow.
The public is encouraged to visit www.hicentral.com to see what’s happening in the housing market. Consumers can browse O‘ahu single-family home and condominium listings, available for sale and for rent, and see a comprehensive guide of homes open for viewing on Sunday. All searches can be filtered by geographic location and/or price range, with resources available for buyers and sellers alike.
About the Honolulu Board of REALTORS®
Established in 1922, the Honolulu Board of REALTORS® is one of the largest of 1,100 boards of REALTORS® in the nation and, with more than 6,300 members, is one of the largest trade organizations on O‘ahu. Membership is available to licensed real estate brokers, agents, property managers, appraisers, counselors, and others engaged in all aspects of the real estate industry who pledge to adhere to a strict Code of Ethics and Standards of Practice. The Honolulu Board of REALTORS® and its members are committed to serving as housing advocates, community builders and good neighbors. For more information, call (808) 732-3000 or visit www.hicentral.com.
