🌴 Waikiki Condo Market Update – January 2026: Prices Rise as Buyers Move Faster Despite Fewer Sales
Aloha 
The Waikiki condo market kicked off 2026 with an interesting mix of signals that both buyers and sellers should pay attention to. While closed sales declined 18% compared to last year (53 vs. 65 sales), condo values continued to show resilience. The median sales price rose 2% to $490,000, highlighting steady demand for this world-renowned coastal lifestyle.
Even more telling is how quickly condos are selling. Median days on market dropped dramatically—from 76 days last year to just 36 days this January, a 53% improvement. Buyers are acting decisively when well-priced opportunities appear. At the same time, inventory increased 14%, giving buyers more options, while sellers are still receiving strong offers at an average of 95.8% of their original list price.
This combination of rising inventory, steady pricing, and faster sales suggests a market that is becoming more balanced—creating opportunities for both strategic buyers and realistic sellers in today’s evolving environment.
Key January 2026 Highlights at a Glance:
Closed Sales: 53 ⬇️ 18%
Median Sales Price: $490,000 ⬆️ 2%
Median Days on Market: 36 ⬇️ 53%
Active Inventory: 614 ⬆️ 14%
Pending Sales: 62 ⬇️ 22%
List-to-Sale Price Ratio: 95.8%
What This Means for Buyers
Buyers currently have more choices than last year, which creates opportunities to negotiate—especially on properties that have been on the market longer or are priced above comparable sales.
However, desirable and well-priced condos are still selling quickly. When the right property appears, hesitation can mean missing out.
What This Means for Sellers
While there are more listings on the market, prices remain stable and buyer demand is still present. Sellers who price their property correctly are seeing strong activity and solid offers.
The biggest mistake sellers can make in today’s market is overpricing. Strategic pricing is key to attracting serious buyers and achieving the best outcome.
Expert Insight: Market Balance Is Shifting
Based on current inventory and sales pace, Waikiki now has approximately 11.6 months of condo supply.
This indicates a shift toward a more balanced market compared to the competitive conditions of recent years. This creates opportunities for buyers—but also reinforces the importance of proper pricing and marketing for sellers.
Highest Priced Condo in Waikiki (January 2026)
Thinking About Buying or Selling in Waikiki?
Whether you're considering buying your first condo, investing, or selling your current property, having the right strategy makes all the difference.
Every building, location, and unit type performs differently. Understanding these differences is key to making a smart real estate decision.
Feel free to email me Desi.Stancheva@exprealty.com if you’d like to discuss your goals or learn more about opportunities in Waikiki.
Mahalo for connecting with me,
Desi
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