O‘ahu Single-Family Home Sales Rise as Condo Sales Slip in November
Median prices dip slightly as new listings and active inventory shift across both markets
HONOLULU —According to resale figures released today by the Honolulu Board of REALTORS®, Oʻahu’s housing market ended November 2025 with a mixed performance between property types. Single-family home sales increased 18.7% year-over-year to 241 transactions, while condominium sales declined 7.3%, falling from 341 to 316.
Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:
The median sales price for single-family homes dipped 1.3% year-over-year to $1,100,000, while the year-to-date median rose 3.8% to $1,141,500. The condominium median sales price fell 8% to $487,450, and the year-to-date median eased 0.4% to $507,750.
“November’s results reflect a market adjusting to shifts in buyer demand, pricing and inventory,” said Trevor Benn, President of the Honolulu Board of REALTORS®. “Even with fewer new listings, buyers remained active across many neighborhoods and price points, keeping pending sales steady.”
Single-family home sales were strongest in the mid- and high-end price bands. Transactions in the $800,000 to $899,999 range more than doubled, rising from 14 to 33 closings, and sales priced at $2 million and above also increased significantly, rising from 16 to 34. In the condominium market, sales volume grew most sharply in the $100,000 to $399,999 price range, up 28.1% from 89 to 114 units. At the same time, condo sales at $500,000 and above declined 22.4% from last November, a shift that contributed to the month’s overall drop in the median sales price.
Competitive conditions remained steady for single-family homes but eased slightly for condos. Approximately 27% of single-family home sales closed above the original asking price, which was nearly unchanged from 26% last November. Fewer condos were sold above the original asking price, just 9% compared to 12% last year. Condo sellers also received slightly less relative to the list price, with the median percent of the original list price falling from 98.0% to 96.4%.
Properties continued to move at a slower pace compared to the same time last year. Single-family homes recorded a median of 27 days on the market, up from 24 days in November 2024, while condominiums spent a median of 40 days, compared to 32 days last year.
Pending sales indicated continued buyer activity, rising 12.4% from 234 to 263, in the single-family market. Pending condo sales also increased, up 3.7%, from 328 to 340, with the largest increases occurring in Central Oʻahu (+47.4%) and Waipahu (+63.6%).
“With fewer new listings and steady contract signings, buyers faced a more competitive landscape in certain price segments,” Benn said. “As the year concludes, REALTORS® remain essential in helping clients navigate these conditions and make informed decisions.”
Active single-family home inventory declined modestly, down 3.3% to 724 listings, with the largest drop in listings priced $800,000 to $1,099,999 (–25.0%). However, inventory in the $2 million and above range grew 15.5%, from 193 to 223 listings.
Active condo inventory ended November 11.5% higher than last year, at 2,284 units. Supply was most abundant in the $300,000 to $599,999 range, up 19.6% to 1,051 active listings. Sellers were less active this November, with new single-family home listings decreasing 8.1% to 273, and new condominium listings falling 12.2% to 525 units.
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.
Kristen Kunimura
