O‘ahu Home Sales Steady in October while Condo Activity Picks Up
Median prices rise modestly as properties spend more time on market
HONOLULU — According to resale figures released today by the Honolulu Board of REALTORS®, Oʻahu’s housing market in October 2025 recorded steady single-family home sales and modest gains in condominium activity. Single-family home sales were flat year-over-year with 261 transactions, while condominium sales rose 9.4% from 405 to 443.
Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:
Properties continued to move at a more moderate pace compared to a year ago. Single-family homes spent a median of 26 days on the market, up from 16 days in October 2024, while condominiums recorded a median of 44 days, compared to 26 days last year.
October’s median sales price for single-family homes increased 5.7% year-over-year to $1,162,500, while the year-to-date median rose 4.5% from the same period in 2024 to $1,150,000. The condominium median sales price was up 1.9% to $535,000 this October, with the year-to-date median remaining even with last year at $510,000.
“October’s numbers point to steady conditions across the island,” said Trevor Benn, President of the Honolulu Board of REALTORS®. “Sales remained consistent as buyers and sellers continued to adjust to a market with more inventory and longer marketing periods.”
Single-family home sales declined 18.9% in the $700,000 to $999,999 range compared to a year ago. Sales at $1.9 million and above grew 38.7%, rising from 31 to 43 transactions. About 70% of those higher-priced sales closed below the original asking price, with sellers receiving a median of 94.4% of their list price. Just 25% of single-family home sales closed above the original asking price, compared to 31% last October.
In the condominium market, activity increased at both ends of the price spectrum. Sales under $299,999 rose 50.0% to 69 transactions, while sales at $700,000 and above climbed 21.0% to 127 transactions from 105 in October 2024. Ten percent of condo sales closed above the original asking price, down from 17% the previous year.
“As the year winds down, the market remains active across price points and regions. REALTORS® play an essential role in helping clients understand current conditions, interpret trends and move confidently through each stage of the buying or selling process,” Benn added.
Sellers were slightly more active compared to last October, with single-family home listings rising 3.7% year-over-year to 309 and condominium listings gaining 7.4% to 641. New single-family home listings priced at $2 million and above nearly doubled, accounting for about one-quarter of all new listings for the month. This price range added 75 new listings compared to 43 a year ago, a 74.4% uptick. While new condo listings declined in several regions, overall volume received a boost from gains in the Metro, Makakilo, and Hawai‘i Kai regions.
Active inventory of single-family homes was closer to year-ago levels but varied by region, with Hawai‘i Kai and Kāne‘ohe recording the largest year-over-year increases, up 51.7% and 20.3%, respectively. The condominium market also offered buyers more options across most price points and regions, with inventory in Makakilo surging 186.7% and Waipahu up 100.0% compared to last year. Although average mortgage rates trended lower throughout the month, buyer activity showed only slight movement. Contract signings rose 4.0% in the single-family home market and 1.3% in the condominium market, with 260 and 323 pending sales, respectively.
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 6,500 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.
