The September 2026 Oahu real estate market delivered some surprising results, with certain neighborhoods experiencing substantial increases in home sales and median prices while much of the condo market continued to face challenges. From a 160% increase in home sales in Makakilo to a 155% jump in the North Shore's median home price, the latest statistics reveal how differently individual neighborhoods are performing. David Buck with Harcourts Island Real Estate breaks down the September housing market trends to help buyers and sellers better understand what's happening across Oahu, Hawaii.
Oahu Home Sales Increase in Makakilo
Makakilo recorded the largest year-over-year increase in home sales among the 21 major Oahu neighborhoods analyzed for September 2026. Sales increased 160%, rising from just five transactions in September 2025 to 13 transactions in September 2026. While the number of sales remains relatively modest, the increase highlights how quickly activity can change within individual neighborhoods.
Across the 21 major neighborhoods, home sales increased in 11 areas, remained unchanged in three, and declined in seven. These results indicate that the Oahu housing market continues to show mixed performance, with some locations experiencing stronger buyer activity than others. For prospective buyers and homeowners considering selling, understanding neighborhood-level sales trends can provide valuable insight beyond the overall market statistics.
North Shore Oahu Home Prices Surge 155%
The North Shore of Oahu recorded the largest year-over-year increase in median home price for September 2026. The median price climbed from $1,450,000 in September 2025 to $3.7 million in September 2026, representing an increase of approximately 155%.
This is a substantial change, although it's important to consider the number and types of homes sold during the month. In a market with relatively few transactions, the sale of several high-value properties can significantly influence the median price. As a result, this increase does not necessarily mean that every home on the North Shore appreciated by a similar amount. Buyers and sellers should review comparable sales and property-specific details to better understand current market values.
Oahu Condo Market Continues to Face Challenges
The Oahu condominium market showed a different pattern in September 2026, with declining sales across the majority of the 21 major neighborhoods. Waialae to Kahala recorded the largest percentage increase in condo sales, with transactions doubling from one sale in September 2025 to two sales in September 2026.
Although this represents a 100% increase, the small number of transactions is important context when interpreting the results. Across the neighborhoods analyzed, condo sales increased in seven areas, remained flat in one, and declined in 13. This indicates that the majority of Oahu neighborhoods experienced fewer condo sales compared with the same month last year.
For buyers interested in purchasing a condo in Honolulu, Waikiki, or other parts of Oahu, a slower market may create opportunities to explore available inventory and negotiate with sellers. However, individual buildings can vary significantly in pricing, maintenance costs, financial health, insurance expenses, and overall demand. Buyers should evaluate each property carefully rather than assume every condo represents a bargain.
Ala Moana to Kakaako Leads Oahu Condo Price Appreciation
Despite the broader slowdown in condo sales, the Ala Moana to Kakaako area recorded the largest year-over-year increase in median condo price. The median price rose 34%, from $629,000 in September 2025 to $840,000 in September 2026.
Ala Moana and Kakaako feature a wide variety of condominium properties, including established buildings and newer developments. Differences in building amenities, unit size, views, condition, and the mix of properties sold can all influence monthly median prices. The increase is an important market indicator, but it should not be interpreted as a 34% appreciation rate for every condo in the area.
For anyone considering buying or selling a condo in Ala Moana, Kakaako, or nearby Honolulu neighborhoods, reviewing recent comparable sales and current competition is essential. A neighborhood-wide median provides useful context, but the most relevant information comes from properties that closely match the unit being purchased or sold.
What the September 2026 Oahu Real Estate Market Means for Buyers and Sellers
The September 2026 Oahu real estate market demonstrates why local knowledge matters. Home sales increased in more than half of the neighborhoods analyzed, the North Shore experienced a significant increase in median home price, and Makakilo recorded the strongest growth in home sales. Meanwhile, condo sales declined in most neighborhoods, even as Ala Moana to Kakaako posted a notable increase in median condo price.
For sellers, these trends reinforce the importance of pricing a property according to its specific location, condition, and recent comparable sales. For buyers, the mixed market may provide opportunities to find properties that fit their needs, particularly in neighborhoods where condo activity has slowed.
Real estate conditions can differ considerably from one neighborhood and condominium building to another. If you're thinking about buying or selling a home or condo on Oahu, David Buck with Harcourts Island Real Estate can help you understand the latest local statistics and how they relate to your real estate goals.
Contact David Buck at 808-371-3509 for information about Oahu neighborhoods, condominium complexes, home values, and current market conditions.
Mahalo for reading, and stay tuned for more Oahu real estate market updates.




























