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O'ahu Real Estate: November's Insights

Everything you need to know about the O'ahu Real Estate Market in November 2025. 


“Market activity remains sluggish despite mortgage rates dipping slightly from the peak we saw last month. However, pending sales data revealed that buying activity is rising in the more affordable price ranges for both single-family homes and condos,” said Fran Villarmia-Kahawai, president of the Honolulu Board of REALTORS.

Oʻahu’s housing market in November 2025 recorded mixed activity, with gains in single-family home sales and a modest decline in condominium transactions. Single-family home sales increased 18.7% year-over-year to 241, while condominium sales fell 7.3%, from 341 to 316.


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.


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%.


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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%).


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.





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