Oahu Real Estate Market Report: February 2026

The Oahu housing market kicked off 2026 with a milestone — the median single-family home price hit $1,205,000 in February, a new record and a 1.7% increase year-over-year. Whether you're a buyer, seller, or investor, here's what the latest numbers mean for you.

Single-Family Homes: Record Prices, Faster Sales

February 2026 showed continued strength in the single-family home market:

  • Median Sales Price: $1,205,000 (up 1.7% from Feb 2025)
  • Closed Sales: 177 homes (up 6% year-over-year)
  • Median Days on Market: 17 days (down from 23 days last year)
  • Homes Sold Above Asking: 31% of all sales
  • Active Inventory: Down 7.6% year-over-year

Homes are selling faster and for more money. With inventory continuing to tighten and nearly a third of homes going above asking price, well-priced properties in desirable neighborhoods are drawing strong competition.

Condos: Steady Prices, Slower Pace

The condo market tells a different story:

  • Median Sales Price: $500,000 (up 1.2% year-over-year)
  • Closed Sales: 291 units (down 0.7%)
  • Median Days on Market: 56 days (up from 48 days last year)
  • Active Inventory: 2,210 listings (up 5.8%)

Condos are taking over three times longer to sell compared to single-family homes. Rising inventory and longer days on market suggest more negotiating room for condo buyers — especially in the $400K–$600K range.

What This Means for Military Families & VA Buyers

If you're PCSing to Oahu or already stationed here, the February data highlights a few key takeaways:

  • Single-family homes move fast. At 17 days median, you need to be pre-approved and ready to act. Working with a VA-savvy agent is critical.
  • Condos offer opportunity. With more inventory and slower sales, condo buyers have more room to negotiate — and your 2026 BAH can cover many condo mortgages with a VA loan.
  • Homes under $1M exist. The $500K–$999K range saw a 28.3% jump in single-family sales, proving there are still options for families using their VA benefit.
  • Pending sales are up 14.4% for single-family homes, signaling a strong spring market ahead.

Rolling 12-Month Trend

The rolling 12-month median for single-family homes reached $1,140,000, up 3.6% from the same period last year. This smooths out monthly fluctuations and confirms the overall upward trajectory of Oahu home values.

Bottom Line

Oahu's housing market remains competitive for single-family homes but is showing more balance in the condo segment. For military families weighing rent vs. buy, the math still favors purchasing with a VA loan — especially with 2026 BAH rates up 4.4% and $0 down payment required.

Whether you're eyeing a townhome in Ewa Beach, a condo in Kapolei, or a single-family home in Mililani, the key is getting started early with an agent who understands the VA process and Oahu's unique market dynamics.

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Data source: Honolulu Board of REALTORS®, February 2026 Market Report