September 2026 Oahu Real Estate Market Update: Steady as We Head Into Fall
Aloha! As the days start to cool off (well, a little, anyway!), September brought some interesting shifts to the Oahu market. The Honolulu Board of REALTORS® numbers show that single-family homes are still moving briskly, while condos are taking a bit more time to find their buyers. Let’s walk through what that looks like.
Single-Family Homes: Quick Sales and Strong Offers
Single-family home sales climbed 6.2% from last September to 293 transactions, and the year-to-date numbers are up 5.9%. That’s a solid, steady pace.
Prices eased a bit from last year. The median sales price came in at $1,110,000, down 3.9%, while the average sales price edged up 1.8%. Keep in mind that median prices can move around a lot from month to month depending on which homes happen to close, so I always like to look at the bigger trend.
The part I find most encouraging is how quickly homes are selling. The median time on market dropped to just 16 days, compared to 26 days a year ago. And 31% of single-family sales closed above the original asking price, up from 25% last September. Buyers who are ready to move are finding good homes, and well-priced listings are attracting strong interest.
Condominiums: More Room to Breathe
Condo sales were down 8.1% from last September, with 375 closed transactions. Condo pending sales also slowed, which means fewer contracts were signed this month.
The condo median price rose 2.8% to $523,000, and the average price climbed 11.4%. Days on market held steady at a median of 41 days. Inventory has grown too: there are 2,509 active condo listings, up 7.8% from last year, which works out to about seven months of supply. For buyers, that means more choices and a bit more negotiating room than we’ve seen in a while.
What This Means for You
If you’re thinking about selling a single-family home, the market is still rewarding good preparation and realistic pricing. If you’re looking to buy a condo this fall, you may find more options and a little more breathing room than you did a year ago.
Every neighborhood and price range has its own story, and island-wide averages don’t always tell you what’s happening on your street. I’m happy to put together a customized market analysis for your area, at no cost to you.
📞 Call or text: 808-722-0176
Mahalo for reading, and I hope you’re enjoying the start of the new season!
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