Oahu Home Sales Rise as Single-Family Prices Ease in September 2026

Oahu’s housing market showed mixed results in September 2026, with single-family home sales increasing while median prices declined. The condominium market followed a different pattern, recording fewer transactions but a modest increase in its median sale price.

According to September resale statistics from the Honolulu Board of REALTORS, 293 single-family homes sold on Oahu, up 6.2% from 276 transactions in September 2025. The median single-family sale price declined 3.9% year over year, from $1,155,000 to $1,110,000.

The figures suggest that activity differed by property type, highlighting the importance of examining single-family homes and condominiums separately when evaluating Oahu’s housing market.

September Sales and Price Trends

The single-family market recorded an increase in completed transactions alongside a lower median sale price.

Key figures for September included:

• Single-family home sales: 293 transactions, up 6.2% year over year.
• Single-family median sale price: $1,110,000, down 3.9%.
• Condominium sales: 375 transactions, down 8.1% from 408 a year earlier.
• Condominium median sale price: $523,000, up 2.8% from $508,750 in September 2025.

Year-to-date single-family sales were also up 5.9%, according to reporting based on Honolulu Board of REALTORS data.

The contrasting results show why Oahu’s overall housing market cannot be described by a single price or sales trend. Single-family homes recorded more transactions at a lower median price, while condominiums recorded fewer sales at a higher median price.

Single-Family Homes Continue to Sell Quickly

Single-family homes moved more quickly in September than they did a year earlier. The median time on market fell to 16 days, compared with 26 days in September 2025.

This shorter marketing period indicates that well-positioned homes continued to attract buyers despite the decline in the median sale price.

The number of completed sales and the median price measure different aspects of the market. A lower median does not necessarily mean that every home has lost value; the mix of properties sold can also influence the monthly figure.

For sellers, accurate pricing and an understanding of comparable recent transactions remain important. Buyers should assess individual properties based on location, condition, and current competing listings rather than relying exclusively on island-wide averages.

Condo Market Offers a Different Picture

Oahu’s condominium market recorded 375 resales in September, an 8.1% decrease from the 408 sales recorded a year earlier. Despite the lower transaction count, the median condominium sale price increased 2.8% to $523,000.

Market inventory is another important consideration for condo buyers. An increase in available listings can give buyers more properties to compare, but its effect on prices and negotiating conditions depends on location, building, property condition, and demand.

Buyers considering condominiums should also review association fees, reserve funding, insurance costs, and any planned special assessments, as these expenses can materially affect the total cost of ownership in Hawaii.

Mortgage Rates Add to Affordability Considerations

Mortgage costs remain an important factor for buyers in Hawaii’s high-priced housing market.

Freddie Mac reported that the average 30-year fixed mortgage rate reached 7.40% for the week ending October 15, 2026, compared with 6.27% during the same week in 2025.

Higher borrowing costs can increase monthly payments and reduce the amount a household can comfortably finance. The effect varies depending on the loan amount, down payment, credit profile, and lender terms.

Mortgage rates alone do not determine local sales activity or home prices. Oahu’s housing market is also influenced by the supply of available properties, household finances, local employment, and demand for different types of homes.

What Buyers and Sellers Should Know

For buyers, the September figures highlight the importance of comparing property types and reviewing current listings. Some condominium segments may offer more choice, while well-priced single-family homes can continue to attract interest.

Sellers should pay attention to recent comparable sales and the time properties are taking to sell. A lower island-wide median price does not mean every property needs a price reduction, but realistic pricing remains important in a market where buyers face elevated financing costs.

Investors should consider both purchase prices and ongoing ownership expenses, including maintenance, insurance, association fees, and financing costs.

Looking Ahead

Oahu’s September 2026 resale figures show a market with differing conditions across property types. Single-family transactions increased while median prices eased, whereas condominium sales declined even as their median price rose.

As mortgage costs and inventory conditions evolve, buyers and sellers will need to pay close attention to neighborhood-level trends and the characteristics of individual properties.