O'ahu Real Estate Market Update November 2025

Aloha🌴

In November, the market showed a clear split: Single-Family Homes saw a great jump in sales, but the Condo market softened, with prices dropping and fewer closed transactions overall. This difference means that being an Hawai'i Buyer or O'ahu Seller depends heavily on the type of property you're focused on.

Let’s dive into the November 2025 data so you know what the current Hawaii Real Estate trends mean for you!

—— Single-Family Homes ——

Key Takeaways for the O'ahu Seller and Buyer:

• Total Sales jumped almost 19% year-over-year to 241 closings. This shows strong and steady demand.
• Prices are Stable: The Median Sales Price was $1,100,000, a slight dip of 1.3% from last November. Importantly, the year-to-date median price is still up 3.8%.
• Sales for homes between $800,000 and $899,999 more than doubled (33 closings vs14 in November 2024). Sales for properties at $2 million and above also increased significantly (34 closings vs 16 in November 2024)
• Competition is Normalizing: Around 27% of homes still sold for more than the original asking price. 
• Slightly Slower Pace: Homes took a median of 27 days to sell, just a small increase from 24 days last year.

—— Condominiums ——

Key Takeaways for the O'ahu Seller and Buyer:

• Prices Drop: The Median Sales Price fell 8% year-over-year to $487,450. This was heavily influenced by a 22.4% decline in sales for condos priced at $500,000 and above.

• Sales Slow: Total Sales dropped by 7.3% to 316 units.

• More Time to Sell: Condos spent a median of 40 days on market, up from 32 days last year.

• Inventory Rises: Active condo inventory increased by 11.5% overall.

• Buyer's Market Shift: Only 9% of condos sold above the asking price (down from 12% last year). Condo sellers also received a slightly lower median percentage of their list price (96.4%).

——From the Web——

I came across this article and found it interesting, so I've included it in today's market update: House Price Appreciation by State and Metro Area: Third Quarter 2025 – Eye On Housing

MAHALO!

Thank you for connecting with me and please reach out with any questions: Desi.Stancheva@exprealty.com.

Looking forward to working with you now or in the future.

Sincerely,

Desi