March 2026 Oʻahu Real Estate Market Report: Home Prices, Sales & Inventory Trends
What Buyers & Sellers Need to Know
The Oʻahu real estate market saw a notable shift in March, with strong growth in single-family home sales alongside a more measured pace in the condo market. While demand remains present across multiple price points, market conditions continue to evolve as buyers navigate interest rates, inventory levels, and overall affordability.
Here’s what stood out in March—and what it means for you.
📈 Single-Family Homes: Sales Surge Across Price Points
Single-family home sales increased significantly in March, with 260 homes sold, marking a 26.2% increase year-over-year. This growth reflects renewed activity across the market, with both entry-level and higher-priced segments seeing increased participation.
The median sales price rose to $1,199,500, up 3.4% compared to the same time last year, indicating continued stability in home values despite shifting market conditions.
Homes spent a median of 21 days on market, still moving relatively quickly, though slightly longer than the ultra-fast pace seen last year.
👉 What this means:
Buyers are active again, and well-priced homes continue to move efficiently. Sellers are still in a strong position—but pricing and presentation matter more than before.
🏢 Condos: Balanced Activity with Slight Softening
The condo market told a different story in March. There were 351 condo sales, representing a 4.9% decrease year-over-year, signaling a slight slowdown in activity.
Despite this, the median condo price increased to $510,000, showing that values remain stable even as sales volume dips.
One key trend:
Nearly 50% of condo sales occurred between $300,000 and $599,999, highlighting continued demand in more accessible price ranges.
Condos spent a median of 43 days on market, giving buyers more time to evaluate options compared to previous months.
👉 What this means:
The condo market is becoming more balanced. Buyers have more leverage and time, while sellers need to be competitive on pricing.
📊 Market Trends to Watch
1. Strong Demand Below $1M
Growth in single-family sales under $1 million shows that local and first-time buyers remain active, especially when opportunities arise.
2. High-End Market Still Active
Sales above $1 million also increased, signaling continued confidence from higher-end buyers.
3. Buyer Pace Is Moderating
Across both property types, days on market increased, indicating a shift toward a more thoughtful, less rushed buying environment.
4. Inventory & New Listings Declining
New listings declined in March for both homes and condos, which could continue to limit supply and support pricing stability.
⚖️ What This Means for Buyers & Sellers
For Buyers:
- More time to evaluate properties (especially condos)
- Opportunities in mid-range price points
- Less competition than peak market conditions
For Sellers:
- Homes are still selling—but strategic pricing is key
- Presentation and marketing matter more than ever
- Understanding current buyer behavior is critical
🌺 The Bottom Line
March 2026 reflects a market in transition on Oʻahu.
Single-family homes are seeing renewed momentum, while the condo market is leveling out into a more balanced environment. Across both segments, buyers are still active—but more selective, creating a market where strategy and positioning make all the difference.
🤝 Let’s Talk Strategy
Whether you’re thinking about buying, selling, or simply staying informed, the LUVA team is here to help you navigate the market with confidence.
📩 Reach out today to connect with a LUVA Realtor and explore your options.
Your Next Step: Connect with a LUVA Real Estate Expert
At LUVA Real Estate, we help you navigate Hawaiʻi’s ever-changing market with clarity and confidence. Whether you’re exploring opportunities on Oʻahu or across the islands, our team is here to guide you every step of the way.
📊 Explore the full March 2026 Oʻahu Market Report below: