January 2026 Oʻahu Real Estate Market Report: Home Prices, Sales & Inventory Trends
The Oʻahu real estate market in January 2026 opened the year with stable single-family home sales and softer condominium activity, reflecting a market that remains segmented but balanced across price points.
While overall transaction volume dipped slightly year-over-year, pricing held steady for single-family homes and adjusted modestly for condos. Inventory trends also diverged, creating different opportunities for buyers and sellers depending on property type.
👉 Read the Full Oʻahu January 2026 Market Report Here!
Oʻahu Single-Family Home Market – January 2026
The single-family home market on Oʻahu remained resilient to begin 2026. Sales activity declined just 1.0% year-over-year, signaling continued demand despite higher borrowing costs and affordability considerations.
Nearly 60% of January’s single-family home sales occurred between $800,000 and $1,399,999, demonstrating that mid-market homes continue to drive activity.
Key Single-Family Metrics – January 2026:
Closed Sales: 194 homes
Median Sales Price: $1,122,500 (+0.2% year-over-year)
Median Days on Market: 27 days
Homes Closing Above Asking: 31% of sales
Notably, nearly one-third of homes sold above their original asking price — an increase from last year — highlighting continued competition for well-priced listings.
Although active inventory declined 8.2% year-over-year to 674 listings, pending sales rose 14.4%, signaling potential strength heading into spring.
Oʻahu Condo Market – January 2026
The Oʻahu condo market in January 2026 reflected softer activity and longer decision timelines compared to the single-family segment.
Condo sales declined 4.8% year-over-year, while the median price adjusted slightly downward. Increased inventory provided buyers with more options and stronger negotiating leverage.
Key Condo Metrics – January 2026:
Closed Sales: 297 units
Median Sales Price: $529,000 (-1.9% year-over-year)
Median Days on Market: 47 days
Active Inventory: 2,210 listings (+5.8% year-over-year)
Most condo sales closed below the original asking price, with only 7% selling above list price.
The $700,000 to $899,999 price range saw the largest year-over-year sales decline, while new listings in the $300,000 to $399,999 range increased, reflecting continued entry-level inventory growth.
Pending condo sales rose 5.0% year-over-year, indicating steady buyer engagement despite longer marketing timelines.
Homes Under $500,000 on Oʻahu
Contrary to common perception, affordability opportunities remain present in the Oʻahu housing market.
In January 2026, 146 year-to-date sales occurred in the $500,000 and below price range, with more than 1,000 active listings currently available in that category.
This demonstrates that while median prices remain elevated, entry-level homeownership opportunities still exist across select neighborhoods and condominium communities.
Oʻahu Real Estate Market Trends: What’s Driving Conditions?
The January 2026 data highlights several important trends shaping the Oʻahu housing market:
Single-family pricing remains stable
Condo inventory continues to expand
Buyers are more selective and comparison-driven
Negotiation leverage varies by property type
Pending sales growth suggests forward momentum
Inventory trends remain divided:
Single-family inventory is tightening
Condo inventory is expanding
This divergence is creating two distinct buyer experiences depending on property type and price range.
What This Means for Buyers in 2026
If you’re buying on Oʻahu:
Condo buyers have increased leverage and more options
Single-family buyers should be prepared for competition in desirable price segments
Negotiation opportunities exist, particularly outside high-demand ranges
Pending sales growth suggests activity may increase in coming months
What This Means for Sellers in 2026
If you’re selling on Oʻahu:
Accurate pricing remains critical
Strategic presentation and marketing matter more than ever
Single-family sellers still benefit from competitive conditions
Condo sellers must align with market inventory realities
Properties that are thoughtfully priced and professionally marketed continue to outperform the broader market averages.
Oʻahu Neighborhood Trends to Watch
Market conditions vary significantly by neighborhood.
Areas such as Metro Honolulu, Ewa Plain, Kailua, Waimanalo, Ko Olina, and the North Shore are each experiencing different absorption rates, inventory levels, and buyer behavior.
Understanding hyperlocal dynamics remains essential when making buying or selling decisions.
Your Next Step: Connect with a LUVA Real Estate Expert
The January 2026 Oʻahu real estate market report reflects a market that is stabilizing — not declining — but becoming more strategic and segmented.
Whether you are buying, selling, or investing, a LUVA Realtor can help you:
Interpret real-time MLS data
Identify pricing opportunities
Understand neighborhood-level trends
Navigate negotiations with confidence
📊 Explore the full January 2026 Oʻahu Market Report below: