Oahu Residential Real Estate Market Update – February 2026

February 2026 was a steady, active month for Oahu real estate. The main message: our island market is still strong, but it’s also very local. Different neighborhoods and property types are moving at different speeds.

Single‑family homes: still in demand

Single‑family homes in many areas of Oahu continue to attract strong interest. Neighborhoods such as Aina Haina – Kuliouou, North Shore, Mililani, and Pearl City – Aiea all saw more sales than this time last year. In Aina Haina, for example, the number of homes sold more than doubled, and the typical sale price rose to about $2.3M. On the North Shore, both sales and prices also moved higher, showing that buyers are still willing to pay for lifestyle, views, and space.

Not every area is as busy. Places like Kailua – Waimanalo and Waipahu had fewer single‑family sales in February. Even so, across much of the island, well‑prepared homes are still selling close to their asking price—often between 97% and 100% of list. In several neighborhoods, homes are also selling faster than they did a year ago. That tells us that serious buyers are watching the market closely and are ready to act when the right home appears.

Condos: more choice, mixed pace

The condo market is more of a mixed picture. In urban areas like Ala Moana – Kakaako, condo sales increased and prices moved higher, especially in newer high‑rise buildings. Waikiki, our largest condo area, saw fewer sales and slightly lower prices compared to last year, with more condos available for sale.

Overall, there are more condos on the market than single‑family homes in many parts of Oahu. For buyers, that means more choice and, in some cases, more room to negotiate. For sellers, it means pricing and presentation matter even more.

What this means for you

·       If you’re thinking about buying: Be prepared. In popular price ranges—especially under about $1.2M in areas like Ewa Plain, Mililani, and parts of Central Oahu—good homes can still move quickly. Having your financing ready and a clear idea of your needs will help you act with confidence. In the condo market, especially in Waikiki and Ala Moana, higher inventory can give you more options and the ability to ask for credits or small price adjustments.

·       If you’re thinking about selling: February’s numbers show that there is still solid demand for homes that are priced realistically and presented well. In stronger single‑family neighborhoods, listing before more spring inventory arrives may help you stand out. For condo sellers, especially in areas with many listings, thoughtful staging, professional photos, and accurate pricing are key.

·       If you’re an investor: Condos in Waikiki and Ala Moana can still offer attractive rental potential, even with more units on the market. Well‑located single‑family homes remain a long‑term play, especially in neighborhoods where land is limited and lifestyle demand is steady.

Looking ahead

Spring usually brings more listings and more activity. Oahu’s long‑term story remains the same: limited land, strong lifestyle appeal, and steady demand. The most important thing is to understand how these island‑wide trends show up in your specific neighborhood and price range.

If you’re curious about what these February numbers mean for you—whether you’re buying, selling, or simply planning ahead—I’d be happy to walk through the data for your situation and help you think through your next step.