September Brings Sales Gains for Oʻahu’s Housing Market

HONOLULU — According to resale figures released today by the Honolulu Board of REALTORS^®, the third quarter of 2025 ended with rising sales for Oʻahu’s housing market. Single-family home sales jumped 27.2% year-over-year in September, to 276 sales, and 6.1% for the quarter. Condominium sales increased 11.5% to 408 last month and were up 2.8% compared to the third quarter of 2024.

Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:

The September median sales price for single-family homes was $1,155,000, up 3.8% year-over-year, while the condo median sales price dipped 1.7% to $508,750. Year-to-date, the single-family home median sales price rose 4.1% to $1,145,000, while condos edged down 1.0% to $505,000.

Properties spent more time on the market compared to a year ago. Single-family homes recorded a median of 26 days on market, up from 19 in September 2024, while the condo median was 40 days compared to 31 the same time last year. 

“Sales activity gained strong momentum in September, closing out the quarter on a high note,” said Trevor Benn, President of the Honolulu Board of REALTORS^®. “Even with more listings on the market and slightly longer decision timelines, buyers remained active across a wide range of price points, showing resilience and confidence in Oʻahu’s housing market.”

New listing activity slowed overall, with single-family home listings down 6.0% year-over-year to 330. Condo listings saw a 1.1% bump to 638. For the quarter, new listings fell 4.1% for single-family homes and 0.4% for condos, though both markets remain ahead year-to-date—up 7.0% for single-family homes and 12.0% for condos.

Active inventory levels continued to offer buyers more choice. Single-family listings saw a ​ 5.7% boost compared to last September, while condo inventory rose 23.3%. Contract signings were mixed: pending single-family sales fell 11.8% year-over-year to 239, while pending condo sales increased 2.5% to 409 from 399 in September 2024.

In the single-family home market, sales increased across most price ranges, with notable gains in the $800,000 to $899,999 bracket — up 81.0%, from 21 to 38 sales — and the $1.4 to $1.59 million range, which doubled from 17 to 34 sales. Roughly one in four single-family homes sold above asking price, down slightly from 29% last year. 

Condo sales activity increased across multiple price points. The $100,000 to $299,999 range more than doubled from 32 to 70 sales, while the $500,000 to $599,999 range rose 63.6% year-over-year, with 72 sales versus 44. Just 8% of condo sales closed above asking price, down from 14% a year ago. 

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.