Oahu Real Estate Market Report January 2025: Sector Insights and Trends

Quick Facts

Median sales price for single-family homes: $1,120,000 (up 9.7% from last year)
Median sales price for condos: $539,500 (up 7.4% from last year)
Single-family home sales: 196 (up 6.5% from last year)
Condo sales: 312 (up 6.8% from last year)

Oahu Real Estate Market Update: January 2025

As we start the new year, the Oahu real estate market is off to a strong start, with both single-family homes and condos experiencing an increase in sales price compared to last year. In this blog post, we’ll dive into the latest market trends and what they mean for buyers and sellers.

Median Sales Prices on the Rise

According to the most recent data, the median sales price for single-family homes increased by 9.7% to $1,120,000, compared to the same time last year. The median sales price for condos also saw an increase, rising by 7.4% to $539,500.

These price hikes are a testament to the steady demand for real estate on Oahu, with buyers and investors showing continued interest in the market. However, with rising prices come greater negotiation power for buyers, making it essential for sellers to stay informed about market trends and pricing strategies.

Buyer Behavior and Market Insights

President of the Honolulu Board of REALTORS®, Trevor Benn, shares his insights on the current market: “While demand remains steady, buyers are approaching transactions with more negotiation power, making it essential for sellers to understand market trends and position their properties competitively. A REALTOR® provides the insights and expertise to help sellers navigate pricing strategies, attract serious buyers, and achieve the best possible outcome in a shifting market.”

Single-Family Home Sales and Days on Market

Single-family home sales saw a 6.5% increase in January 2025, with 196 sales recorded. While sales are up, homes spent a median of 25 days on the market, five days longer than the previous month. This indicates a slight slowdown in the pace of sales, which could be attributed to the increased negotiation power mentioned earlier.

In January, 23% of single-family home sales closed above the original asking price, highlighting the continued demand for Oahu’s real estate.

Condo Market Update

The condo market also saw an increase in sales, with 312 units sold in January 2025, a 6.8% rise compared to the same time last year. The median number of days on the market for condos was 39 days, indicating a relatively stable market with minimal fluctuations.

In January, 10% of condo sales closed above the original asking price, showing that there is still strong demand for these properties.

What Does this Mean for You?

As a buyer or seller, it’s essential to stay informed about the Oahu real estate market to make the most of your investment. Whether you’re looking to buy or sell, understanding market trends and pricing strategies can make all the difference in achieving your real estate goals.

At Luva Real Estate, we’re dedicated to providing you with the latest market updates, expert insights, and personalized guidance to help you navigate the Oahu real estate market.

Additional Resources

For a more in-depth look at the Oahu real estate market, we invite you to read our full report.

Stay tuned for more market updates and insights by checking out our blog.