The Oahu housing market remained steady in August 2025, but beneath the surface, there are signs of change that buyers and sellers should pay attention to.
Single-Family Homes: Slow but Steady
Home sales ticked up slightly, rising 2.4% compared to last year. A total of 259 transactions closed in August, just six more than the previous year. Prices, however, inched down 1.5% to a median of $1,105,500.
It’s also taking longer for homes to sell. The median days on market stretched from 14 days last year to 22 this year. Even with a modest 3.9% rise in inventory, Oahu still has historically low supply compared to past peaks, which is helping keep prices stable.
Condos: Signs of a Shift
Condos told a different story. Sales dipped 2.5%, with 391 units closing compared to 401 last year. Interestingly, prices climbed 3% year-over-year to a median of $515,000.
What stands out most is how much longer condos are taking to sell. The median days on market surged 71%, from 28 to 48 days. At the same time, inventory spiked 28.4% to 2,412 listings, continuing a trend that’s been building for months.
What This Means for Buyers and Sellers
The Oahu market overall is balanced by low single-family inventory and growing condo supply. Buyers may find more opportunities in the condo market, while sellers of single-family homes still benefit from limited competition.
As we move deeper into September, local neighborhood data will reveal even more about how these trends play out on a micro level.
Stay tuned for the upcoming local market update, where we’ll dive into specific Oahu neighborhoods and what’s driving their performance.