Oʻahu Real Estate Market Update, October 2026

Oʻahu's October resale market kept its recent pattern of slow, steady change. Single-family homes sold quickly while inventory stayed limited. Condo buyers had more choices and more room to negotiate. Condo sales and median price both declined more than their single-family counterparts. Pending sales fell in both segments, and buyers may be pushing back on higher mortgage rates and the larger monthly payments that come with them.

At a glance

Condo sales: 339, down 23.5% from a year earlier. The median price declined 6.7% to $499,000.

• Single-family sales: 239 in October 2026, down 8.4% from October 2025. The median price slipped 1.1% to $1,150,000.
• Pending sales: down 16.2% for single-family homes and 3.1% for condos, compared with October 2025.
• Inventory: 3.2 months for single-family homes and 7.1 months for condos.

Single-family homes

Homes sold in a median of 15 days, compared with 26 days a year ago. Sellers received a median of 100% of their original asking price.

Inventory of 3.2 months continues to support values. Homeowners holding low mortgage rates remain reluctant to sell, which restricts the supply of single-family homes.

Condos

Condos spent 49 days on the market, and sellers received 95.9% of their original asking price. Inventory of 7.1 months gives buyers more choices and negotiating leverage.

Rising maintenance fees, insurance costs and aging buildings continue to challenge condo affordability and demand. The condo market continues to adjust gradually.

What this means for buyers

Single-family buyers should be prepared to act quickly. Before you decide, compare the monthly payment at the rate you are quoted, because higher rates raise monthly payments.

For condos, ask about the maintenance fee, the insurance cost, and the age of the building. If you want to compare both property types, search Oʻahu homes for sale with Team Wong: https://www.teamwonghawaii.com/.

What this means for sellers

Single-family sellers continue to benefit from limited competition. Condo sellers must stay competitive on price, condition and overall value.

Condo sellers should have current maintenance fee and insurance figures ready, because those costs weigh on condo affordability. To get guidance for your situation, talk with Team Wong about buying or selling: https://www.teamwonghawaii.com/contact/

What to watch next

Closed sales have also been softer over the past couple of months. Together with the drop in pending sales, that pattern could relate to higher monthly payments, and affordability may be leading more buyers to postpone purchases. The statistics alone cannot confirm the connection.

About these numbers

These figures cover October 2026 resales of existing properties on Oʻahu, including single-family homes and condos. Percentage changes compare October 2026 with October 2025. The statistics come from the Honolulu Board of REALTORS® (Oʻahu MLS data) and exclude new home sales. Sales data is known only after escrow closes, and closing usually comes one to three months after a contract is signed, so closed sales reflect earlier buyer decisions.