O'ahu Real Estate Market Report – May 2025

O'ahu Real Estate Market Report

The O‘ahu real estate market feels a bit like paddling into a changing tide—not chaotic, but shifting. And for those who know how to read the waves, there’s opportunity out there.

Single-Family Homes

Sales dipped 5.6% compared to last year, but prices rose 8.3% to a median of $1,175,000. Homes are taking longer to sell—averaging 21 days on market—and inventory has grown 27.8%. The biggest increase is in the $800K–$1M range, especially in neighborhoods like ʻEwa. For sellers, pricing and preparation matter more than ever. For buyers, the growing inventory means more choices and negotiating power.

 Condominiums

Condo sales dropped 21.8%, but prices held steady at $500,000. Properties are now sitting an average of 39 days on market, and active inventory has jumped nearly 55% year-over-year. Almost half of all new listings are priced between $300K and $600K. With 40% of condo listings seeing price reductions, buyers are in a strong position to find value and secure favorable terms.

 Where’s the Opportunity?

• Buyers: Increased supply means less pressure and more room to negotiate, especially in the condo market.
• Sellers: Homes in high-demand areas like Kailua are still moving well—success depends on pricing and marketing strategy.
• Investors: The softening condo segment offers long-term buying opportunities, particularly in mid-price ranges with high rental demand.

The tide is shifting—but that’s when seasoned paddlers find their moment. If you’re ready to make a move, let’s chart the course together.