Oahu Real Estate Market Performance Report: April 2025 Insights
| Quick Facts | Oahu Real Estate Market Update | Sales Volume Remains Behind 2024 Levels | Single-Family Homes and Condos See Slower Sales |
Quick Facts
- Sales volume year-to-date remains behind 2024 levels
- Single-family home sales dipped 8.0% year-over-year in April 2025
- Condo sales fell 8.4% in April 2025
- Median sales price for single-family homes was $1,170,000, a 6.4% increase from April 2024
- Median sales price for condos was $505,000, a 4.4% decrease from April 2024
Oahu Real Estate Market Update: April 2025
As we enter the midst of 2025, the Honolulu Board of REALTORS has released its latest market report, highlighting some interesting trends and statistics for the Oahu real estate market.
In this article, we’ll dive deeper into the numbers and what they mean for buyers and sellers alike.
Sales Volume Remains Behind 2024 Levels
According to the Honolulu Board of REALTORS, Oahu’s sales volume year-to-date remains behind 2024 levels. This trend is likely a result of higher borrowing costs and rising maintenance fees, which are causing buyers to be more cautious and deliberate in their decision-making.
Single-Family Homes and Condos See Slower Sales
In April 2025, single-family home sales dipped 8.0% year-over-year, with 241 sales recorded for the month. Meanwhile, condo sales fell 8.4%, with 395 units sold. These numbers indicate that the market is shifting, with buyers becoming more discerning and focusing on value for their money.
Days on Market and Median Sales Price
The median number of days on the market for single-family homes was 29 days in April 2025, up from 15 days in the previous month. This increase could be due to the aforementioned cautious approach by buyers. The median sales price for single-family homes was $1,170,000, representing an increase of 6.4% compared to April 2024.
Condominium sales, on the other hand, saw a median sales price of $505,000 in April 2025, a decrease of 4.4% compared to the same period last year. The median number of days on the market for condos was 43 days, which is a relatively stable number.
President of the Honolulu Board of REALTORS Weighs In
Trevor Benn, President of the Honolulu Board of REALTORS, offers some valuable insights on the current market. “Higher borrowing costs and rising maintenance fees are shaping how buyers evaluate their options,” he said. “Even as more inventory becomes available, we’re seeing a more deliberate, value-focused approach to decision-making.”
What Does this Mean for Buyers and Sellers?
So, what does this mean for you as a buyer or seller in Oahu? If you’re a buyer, it’s essential to know that the market is shifting, and prices may not be as frothy as they once were. However, this also means that you may be able to find a better value for your money. Take your time, and don’t rush into a decision. Instead, focus on finding a property that checks all the right boxes and meets your needs.
Reading Between the Lines
While the numbers may seem discouraging, there’s always a silver lining. As the market shifts, it creates opportunities for both buyers and sellers. By understanding the trends and statistics, you can make informed decisions and navigate the changing landscape.
To stay up-to-date on the latest market trends and updates, be sure to visit our blog regularly. We’ll keep you informed on the latest news, tips, and insights to help you achieve your real estate goals in Oahu.
