O‘ahu Single-Family Home Sales Jump 20.5% in July as Median Price Rises
Sales above $1.3 million nearly doubled year-over-year, while one in three homes sold still closed under $1 million
HONOLULU — According to resale figures released today by the Honolulu Board of REALTORS®, O‘ahu single-family home sales climbed 20.5% year-over-year in July to 300 transactions, with the median sales price rising 13.9% to $1,224,500. The rise in the median was driven largely by more buyers transacting at higher price points: sales between $1,300,000 and $1,999,999 rose 76.9% year-over-year, from 52 to 92 transactions, while sales at $2,000,000 and above jumped 83.3%, from 24 to 44 transactions.
Activity continued at lower price points as well. Buyers closed on 211 properties priced at $500,000 and below in July, bringing the year-to-date total to 1,214 sales, while 1,237 active listings remained available at month’s end. Ninety-eight single-family homes, or 33% of the month’s sales, closed under $1 million, and 202 condo sales, or 49% of the condo market, closed under $500,000. Through the first seven months of the year, 34% of all single-family home sales closed below $1 million, while 47% of all condo sales closed below $500,000.
“A monthly median is the midpoint of what sold—it isn’t a price tag on anyone’s home. The median rose 13.9% in July because sales above $1.3 million nearly doubled,” said Aaron Tangonan, president of the Honolulu Board of REALTORS®. “In the same month, a third of single-family sales closed under $1 million and 211 properties sold at or below $500,000. Behind those numbers are first-time buyers, families moving up, and longtime owners moving into something that fits them now.”
Condo sales rose 6.9% year-over-year to 416 transactions, and the condo median sales price increased 3% to $504,500. Year-to-date, single-family home sales volume was up 6.5% year-over-year, while the condo market trailed 0.8% behind 2025’s pace.
Using data collected from its Multiple Listing Service (MLS) system, the Board reported the following statistics:
Properties moved faster across the board in July. Single-family homes spent a median of just 14 days on the market, down from 20 days a year ago, while condos spent a median of 38 days on the market, down from 50 days.
Single-family home sellers received a median of 100% of their original asking price in July, up from 99.4% a year ago, and 33% of sales closed above the original asking price, up from 26% in July 2025. Condo sellers received a median of 96.6% of their original asking price, compared to 96.3% a year ago, with 11% of condo sales closing above asking, up from 8%.
Seller activity increased in July, with single-family new listings up 3.0% year-over-year to 380, and condo new listings up 9.3% to 707. Regionally, single-family new listings grew most in the Leeward (42.9%) and Kailua (29.4%) regions, while Waipahu and Pearl City each saw new listings decline 44% year-over-year.
Active inventory remained mixed: single-family active listings were down 5.9% year-over-year to 802, while condo active inventory rose 3.9% to 2,554. Pending sales softened in both markets, down 2.1% for single-family homes and 16.3% for condos — though a few regions bucked the condo trend, including Pearl City (+60.0%), the Central region (+23.8%), and Hawaiʻi Kai (+16.7%).
The average 30-year fixed mortgage rate remained below year-ago levels but rose nearly a quarter point over the course of the month, averaging 6.66% as of July 30, according to Freddie Mac’s Primary Mortgage Market Survey.
“More than 1,200 properties have sold at or below $500,000 on Oʻahu so far this year, and roughly 1,200 more are listed in that range right now,” added Tangonan. “If homeownership is your goal, start by finding out what you qualify for and work with a trusted team of professionals to understand the resources available to you.”
Resources available to prospective first-time homebuyers include:
- Homebuyer Education & Coaching: HBR’s HOPE Homebuyer Education Program, offered in partnership with Hawaiʻi HomeOwnership Center, provides education, one-on-one coaching and mortgage readiness support. Since 2021, more than 850 participants have enrolled, with 70% purchasing a home or entering escrow within six to 18 months of program completion.
- Down Payment & Mortgage Assistance: HHFDC’s Hale Kamaʻāina Program offers eligible first-time homebuyers below-market mortgage rates and optional down payment through participating lenders.
- Bank-Sponsored First-Time Homebuyer Programs: Several local lenders also offer programs designed to support eligible first-time homebuyers, including American Savings Bank’s This is HOME Program, First Hawaiian Bank’s First Step Home LoanSM, Bank of Hawaiʻi’s First-Time Homebuyer Program and Territorial Savings Bank’s First-Time Homebuyer Special.
- Native Hawaiian Homeownership Assistance: OHA’s Access to Homeownership Program helps eligible Native Hawaiian first-time homebuyers qualify for a mortgage with a lower down payment and no private mortgage insurance through a partnership with American Savings Bank.
Media Kit
The information contained in this report is provided to the National Association of REALTORS® and the Hawaiʻi State Department of Business, Economic Development 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 escrow closes.
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.
