Aloha! The March 2026 numbers are in, and the Oʻahu real estate market has some genuinely interesting things to say — especially if you’re a buyer, seller, or military family eyeing a PCS move to the island. Let’s break it all down in plain language so you can make the most informed decision possible.
Single-Family Homes: Sales Volume Surges
March was a strong month for single-family home sales island-wide. Closed transactions jumped 26.2% year-over-year, from 206 sales in March 2025 to 260 this past March — a very healthy showing for the spring market. Year-to-date, SFH sales are up 10.9% compared to the same period last year, which tells us this isn’t just a one-month blip.
The median sales price for single-family homes came in at $1,199,500 — a 3.4% increase over March 2025. Modest, steady appreciation. That’s the kind of growth that keeps the market healthy without pricing people out overnight.
Homes are also moving quickly. The median days on market was just 21 days — still under one month — though that’s up from the lightning-fast 15 days we saw in March 2025. Sellers received a median of 98.6% of their original list price, meaning well-priced homes are still drawing very competitive offers.
- Closed Sales: 260 (+26.2% YoY)
- Median Sales Price: $1,199,500 (+3.4% YoY)
- Median Days on Market: 21 days
- % of List Price Received: 98.6%
- Active Inventory: 691 (-10.6% YoY)
- Months Supply: 2.8 months
Condo Market: A Different Story
The condo side of the market painted a different picture in March. Closed sales dipped 4.9% year-over-year, from 369 to 351 transactions. That said, the median sales price held at $510,000 — up 2.0% from March 2025. So values are staying firm even as sales volume pulls back slightly.
Condos are sitting on the market a bit longer too. The median days on market ticked up from 40 to 43 days, and sellers received a median of 97.3% of their list price. Still solid numbers, but buyers in this segment are getting just a little more room to breathe. Nearly 50% of all condo sales happened in the $300K–$599K price range, which continues to be the sweet spot for entry-level buyers and investors alike.
One bright spot: the $700K–$799K condo range recorded the biggest jump in sales, rising 62.5% year-over-year. That’s a segment worth watching if you’re considering buying or selling in that tier.
- Closed Sales: 351 (-4.9% YoY)
- Median Sales Price: $510,000 (+2.0% YoY)
- Median Days on Market: 43 days
- % of List Price Received: 97.3%
- Active Inventory: 2,294 (-0.3% YoY)
- Months Supply: 6.3 months
Inventory: Still Tight for Single-Family Homes
One of the key themes in March was the continued tightness in single-family home inventory. Active SFH listings dropped 10.6% year-over-year, sitting at just 691 homes island-wide by the end of the month. With only 2.8 months of supply, we’re still firmly in seller’s territory for that segment. A balanced market typically requires 5–6 months of supply, so we have a ways to go.
The condo market, on the other hand, is hovering near balance. With 2,294 active condo listings and 6.3 months of supply, buyers have more options and more negotiating room than they do on the SFH side.
Pending Sales and New Listings: Softening Demand Signals
Buyer activity cooled a bit in March. Pending SFH sales fell 7.5% year-over-year to 245, while condo pending sales dropped 6.2% to 394. The Honolulu Board of REALTORS® notes that a combination of higher mortgage rates and weather impacts from recent Kona low systems likely played a role in tempering activity during the month.
New listings also declined on both sides. Single-family home new listings dropped 13.5% to 326, and condo new listings fell 15.5% to 667. Fewer sellers coming to market — paired with ongoing buyer demand — continues to support prices even when sales volume softens.
Full Market Comparison: March 2026 vs. March 2025
| Metric | SFH Mar-26 | SFH Mar-25 | YoY Chg | Condo Mar-26 | Condo Mar-25 | YoY Chg |
|---|---|---|---|---|---|---|
| Closed Sales | 260 | 206 | +26.2% | 351 | 369 | -4.9% |
| Median Price | $1,199,500 | $1,160,000 | +3.4% | $510,000 | $500,000 | +2.0% |
| Days on Market | 21 | 15 | +40.0% | 43 | 40 | +7.5% |
| % List Price Rec. | 98.6% | 99.0% | -0.4% | 97.3% | 97.1% | +0.2% |
| New Listings | 326 | 377 | -13.5% | 667 | 789 | -15.5% |
| Pending Sales | 245 | 265 | -7.5% | 394 | 420 | -6.2% |
| Active Inventory | 691 | 773 | -10.6% | 2,294 | 2,302 | -0.3% |
| Months Supply | 2.8 | 3.3 | -15.2% | 6.3 | 6.2 | +1.6% |
What Does This Mean for You?
If You’re a Seller
The SFH market is still very much in your favor. With limited inventory and homes closing at nearly 99% of list price, a well-priced, well-prepared home in West Oʻahu — whether that’s in Ewa Gentry, Ocean Pointe, or further out toward Hoʻopili — is going to get serious attention. The key is pricing it right from day one.
If You’re a Buyer
SFH inventory is tight, so expect competition when something good hits the market. If you’re flexible on property type, the condo market offers more options and more negotiating room, particularly in the $300K–$599K range. Military families using a VA loan should also note: the $800K–$999K SFH range saw some of the sharpest drops in active inventory, so acting decisively matters.
If You’re a Military Family PCS’ing to Oʻahu
West Oʻahu remains one of the most practical landing spots for service members heading to Joint Base Pearl Harbor-Hickam. Newer construction, larger floor plans, and a strong sense of community make areas like Ewa Gentry and Ocean Pointe popular choices. If you’re planning a move, getting pre-approved and lined up with a VA-savvy agent before your orders are finalized is the smartest play.
My Take
The Oʻahu market heading into the second quarter of 2026 is nuanced. We’re not seeing the frenzied pace of prior years, but we’re also not seeing prices fall. What we have is a market that rewards preparation and good guidance on both sides of the transaction. The biggest risk right now is for buyers who sit on the sidelines too long waiting for the “perfect” time — because with SFH inventory down and prices steady, that window doesn’t appear to be opening up anytime soon.
As always, these are island-wide numbers. Market conditions in West Oʻahu can look different from what’s happening in Honolulu, Kailua, or the North Shore. If you want a hyper-local breakdown of what’s happening in your neighborhood — or the neighborhood you’re targeting — reach out. That’s exactly the conversation I love having.
Mahalo for reading, and I’ll catch you next month with the April numbers!
Ready to Make Your Move on Oʻahu?
Whether you’re buying, selling, or just trying to make sense of the market, I’m here to help. As a West Oʻahu REALTOR® and 20-year Coast Guard veteran, I bring the same discipline and commitment to every transaction that I brought to my service.
Source: Honolulu Board of REALTORS®, residential resales data compiled from HiCentral MLS, Ltd.® ©2026. Information deemed reliable but not guaranteed.