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O'ahu Real Estate: September's Insights

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

September 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.


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 3.8% 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.


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.


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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.







If you want to know more about your specific area and what's going on there - let us know! We're always happy to help!

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