To get straight to the point, the median home price in Honolulu for 2026 is approximately $1.12 million for single-family homes and between $605,000 and $625,000 for all residential properties, including condos. This is clear. Depending on the type of asset you look at, the numbers can vary significantly, so it is essential to distinguish between types when discussing the Honolulu market.

To summarize the specific figures, as of January 2026, the median sale price for single-family homes on Oahu is $1,122,500, which is a slight increase of 0.2% compared to the same period last year. During the same period, the median price for condos faced downward pressure, with condo inventory increasing by 5.8% year-over-year, reaching 2,210 listings. According to Redfin and HomeSwipr, the median price for all residential properties in Honolulu between March and April 2026 is between $605,000 and $625,000, which represents an increase of about 7.1% compared to the previous year. The significant difference in median prices, including single-family homes and condos, is due to the way data is reflected in areas with a high proportion of condos.

It is also important to pay attention to inventory trends. As of February 2026, there are approximately 56 homes listed for sale in Honolulu, with inventory increasing by 0.44% compared to the previous year. The active inventory of single-family homes decreased from 773 in March 2025 to 691 in March 2026, a drop of 10.6%, while condo inventory stands at 6.3 months, creating a buyer's market. The months of inventory for single-family homes is 3.2 months, which is close to a balanced state. The sales-to-listing ratio as of February 2026 is 95.87%, indicating a market where buyers have negotiation power.

• Median price for single-family homes (January 2026, Oahu): $1,122,500 (up 0.2% year-over-year)
• Overall residential median price (March-April 2026): $605,000 - $625,000 (up 7.1% year-over-year)
• Condo inventory: 6.3 months (buyer's market)
• Single-family home inventory: 3.2 months (balanced level)
• Average market stay duration: 109 days (slightly increased from 104 days last year)
• 30-year fixed mortgage rate (first half of 2026): approximately 6.5% - 6.8%

To summarize the market atmosphere in one sentence, condos are in a buyer's market, while single-family homes are experiencing slight stability amid limited inventory. The average time it takes for homes to go from listing to sale is 109 days, which is longer than last year (104 days), indicating that the market is less heated than before. Nevertheless, the fact that the supply of single-family homes is decreasing acts as a limiting factor on downward price pressure. This is something that both investors and end-users should pay close attention to.

As a 62-year-old observer of the real estate market, I can honestly say that Honolulu has always been a place that is 'expensive but continues to attract people.' Unless the structural conditions of tourism, military bases, and limited land supply change, significant price adjustments are unlikely. However, the issue of excess condo inventory is clearly providing negotiation opportunities for those considering purchasing condos in the short term. It is essential to consult with local real estate professionals and seek legal and tax advice before finalizing any contracts.

(Sources: Redfin, HomeSwipr, Houzeo, Hiestates/List Sotheby's Oahu Market Report, Hawaii Realtors, UHERO Hawaii Housing Factbook 2026, as of 2026 / This article does not constitute investment or legal advice, and it is recommended to consult with professionals before finalizing any contracts.)