The Honolulu Board of REALTORS®, reported that O‘ahu’s housing market closed out the first quarter of 2025 with mixed results.
In March, single-family home sales dipped 10.4% year-over-year, with 206 sales, while condo sales rose 7.3%, with 369 units sold.
“We continue to see a balanced, stable O‘ahu real estate market,” said Trevor Benn, President of the Honolulu Board of REALTORS®. “There are modest ups and downs in sales and median prices, but interest rates are playing a larger role in affordability than any single month’s price point.”
Sales for single-family homes are down 10.4% when compared to this time last year, with 206 sales in March 2025. Homes spent a median of 15 days on the market in March, eight days less than the previous month. The median sales price for single-family homes was $1,160,000 in March 2025, representing an increase of 5.5% when compared to this time last year.
There were 369 condos sold last month, which is up 7.3% when compared to March 2024. The median number of days on the market for condos was 40 days last month. The median sales price for condos in March 2025 was $500,000, representing no change when compared to one year ago.