The Oahu housing market has reached a historic milestone. In February 2026, the median price for a single-family home on Oahu surpassed $1.2 million for the first time ever, signaling continued strength in Hawaii’s real estate market.
While home prices and sales activity are rising, the condo market is showing a more balanced pace with slightly slower sales and longer time on market. Below is a breakdown of the most important trends shaping the Oahu real estate market this month.
Oahu Single-Family Home Prices Hit a Record High
The biggest headline from February 2026 is the record-breaking median home price.
- Median home price (Feb 2026):$1,205,000
- Median home price (Feb 2025): $1,185,000
- Year-over-year increase: 1.7%
Crossing the $1.2 million threshold is a major milestone for the Oahu housing market. Historically, this is the highest median home price ever recorded. For homeowners, this reflects continued appreciation in property values. For buyers, it highlights the ongoing competitiveness of the Oahu housing market.
Oahu Home Sales Increased in February
Despite rising home prices, buyer demand remains strong. Single-family home sales increased compared to last year:
- Homes sold in Feb 2026: 177
- Homes sold in Feb 2025: 167
- Year-over-year change: +6%
An increase in sales alongside rising prices indicates a healthy and active market. Buyers are still entering the market despite higher prices and interest rate considerations.
Homes Are Selling Faster on Oahu
Another sign of strong demand is the drop in median days on market.
- Feb 2025: 23 days
- Feb 2026: 17 days
- Change: 26% faster sales
Homes selling more quickly typically indicate low inventory and strong buyer competition. Sellers in many Oahu neighborhoods are still seeing relatively quick transactions.
Oahu Condo Market Update – February 2026
While the single-family home market continues to gain momentum, the condo market remains more stable.
Condo Prices
- Median condo price (Feb 2026): $500,000
- Median condo price (Feb 2025): $494,000
- Price increase: 1.2%
Condo prices have increased modestly, but not at the same pace as single-family homes.
Condo Sales
- Condos sold Feb 2026: 291
- Condos sold Feb 2025: 293
- Year-over-year change: -0.7%
Sales activity has remained mostly flat, with only two fewer transactions compared to the previous year.
Condos Are Taking Longer to Sell
One notable trend in the condo market is the increase in days on market.
- Feb 2025: 48 days
- Feb 2026: 56 days
- Increase: 16.7%
This trend has been developing since early 2024 and suggests that buyers are taking more time to evaluate condo purchases, likely due to HOA fees, insurance costs, and broader market considerations.
What These Trends Mean for Oahu Buyers and Sellers
For Home Sellers
- Record-high home prices
- Homes selling faster
- Strong buyer demand
For Home Buyers
- Competitive single-family home market
- Limited inventory in some neighborhoods
- Continued appreciation in property values
For Condo Sellers
- Gradual price increases
- Longer marketing times
- More balanced buyer demand
Understanding these market trends can help buyers and sellers make smarter real estate decisions in 2026.
Oahu Real Estate Forecast for 2026
While no one can predict the market with certainty, the February numbers suggest several ongoing trends:
- Home prices remain historically high
- Buyer demand continues despite affordability challenges
- Condo markets are stabilizing with longer selling timelines
If these trends continue, the Oahu housing market may see continued steady appreciation throughout 2026 rather than rapid price spikes. Questions About the Oahu Real Estate Market? If you're thinking about buying or selling property on Oahu, understanding neighborhood-level trends can make a huge difference. Whether you're looking at a specific condo building, neighborhood, or investment property, local expertise helps you make informed decisions.
David Buck | Harcourts Island Real Estate
📞 808-371-3509
Reach out anytime for insights on the latest Oahu real estate trends.
Frequently Asked Questions About the Oahu Housing Market
Why did Oahu home prices reach $1.2 million?
Strong buyer demand, limited housing inventory, and long-term population growth have contributed to rising property values across Oahu.
Are condos slowing down on Oahu?
Condo prices are still increasing, but sales have slowed slightly and properties are taking longer to sell compared to single-family homes.
Is 2026 a good time to buy a home on Oahu?
It depends on your financial goals and timeline. Buyers who plan to hold property long-term may still benefit from owning real estate in Hawaii’s historically appreciating market.