The Oahu real estate market experienced contrasting trends in November, according to a recent report. While single-family home sales saw an uptick, the median price for condominiums plummeted, creating a complex landscape for investors and prospective buyers.
The Honolulu Star-Advertiser reported that single-family homes were highly sought after during November. Simultaneously, the median price of condominiums decreased, dropping below $500,000, which is the lowest it has been in almost three years. This suggests a potential shift in buyer preferences and market dynamics.
This trend presents specific implications for various stakeholders. For entrepreneurs and investors, the increased demand for single-family homes could translate into opportunities for development and renovation projects. Conversely, the decrease in condo prices might indicate a buyer's market for condominiums, presenting an attractive entry point for first-time homebuyers or those seeking investment properties.
Additional data from Locations, a real estate analysis firm, showed that in August 2025, the Oahu single-family home median price of $1,110,000 was up three percent from July 2025 and down one percent from the previous August. LocationsHawaii.com provided an in-depth analysis of single-family home markets across Oahu, including West Honolulu, Nuuanu-Makiki, and Hawaii Kai.
Furthermore, HawaiiHomeListings.com recently reported that the condo market saw an unexpected shift in October 2025: sales climbed 9.4%, rising from 405 units last year to 443 this month. This indicates a potential recovery in the condo market, although November's price drop suggests ongoing challenges.
The Aloha State Daily's analysis of 2024 data shows that single-family home sales were up 9.1% while condominium sales declined 2.5%, and the median sale price for condos increased 1.3% year-over-year from 2023 to 2024. AlohaStateDaily.com noted that affordability continues to impact the market, which is crucial for potential buyers and those in the real estate sector.
