The first quarter of 2025 ended with mixed results for Oahu’s housing market, but one clear trend was the continued growth in inventory. In March, new listings rose significantly year-over-year—up 29.6% for single-family homes with 377 new listings, and up 21.9% for condos with 789. Active inventory also expanded across the island, reaching 773 single-family homes and 2,302 condos, reflecting year-over-year increases of 33.0% and 54.2%, respectively.

HBR’s March Monthly Statistics Report shows:

• The median sales price for single-family homes rose 5.5% year-over-year to $1,160,000, while the condo median sales price held steady at $500,000.
• The average single-family home price reached $1,819,326, influenced by a $65.75 million sale in Kahala. Without that transaction, the average would have been $1,507,469 and the median price would have been unchanged.

• A total of 206 single-family homes sold in March, down 10.4% from a year ago. Condo sales rose 7.3% year-over-year, totaling 369 transactions.
• Homes moved faster than they did last year, with a median of 15 days on market for single-family homes compared to 31 days a year ago. Condos saw slower activity, with a median of 40 days compared to 29 days in March 2024.

“We continue to see a balanced, stable Oahu real estate market,” said President of the Honolulu Board of REALTORS®. “There are modest ups and downs in sales and median prices, but interest rates are playing a larger role in affordability than any single month’s price point. As inventory builds and fewer properties move quickly, we’re starting to see a shift in how homes are positioned and priced.”

source: Honolulu Board of Realtors