Oahu Condo Market Overview – Fall 2025

The Oahu Condo Market remains resilient despite economic uncertainty. While mortgage rates stayed higher than historic averages, buyer activity was supported by limited supply and Oahu’s unique appeal as both a lifestyle and investment destination. Compared to Fall 2024, sales volume has leveled off, but median condo prices rose modestly due to competition in prime neighborhoods like Waikiki and Ala Moana.

According to the Honolulu Board of Realtors, median condo prices on Oahu increased by 3.2% year-over-year, reaching approximately $540,000 in September 2025. Days on market averaged 27 days, reflecting steady demand even with affordability challenges.

Condo Pricing Trends Across Oahu

Buyers are asking: is now the right time to enter the Oahu Condo Market? Here’s how pricing looks across key segments:

• Entry-Level Condos: Studios and one-bedrooms in areas like Salt Lake and Makiki range $280,000–$450,000. See our Affordable Condos in Honolulu guide.
• Mid-Range Condos: One- to two-bedroom units in Waikiki and Downtown average $500,000–$750,000. Explore our Waikiki Condos page for active listings.
• Luxury Market: High-rise residences in Kaka‘ako and Ala Moana often list from $1M–$3M+, with penthouses exceeding $5M. Compare options on our Luxury Oahu Condos page.
• Oceanfront Units: Premium condos directly on the water command $800,000–$2.5M, with higher monthly HOA fees. Learn more at Oceanfront Condos in Oahu.

Overall, buyers entering the Oahu Condo Market should expect slight year-over-year appreciation, particularly in buildings with strong reserves and high walkability scores.

Inventory and Supply in the Oahu Condo Market

Inventory remains one of the biggest challenges in the Oahu Condo Market. New construction is concentrated in Kaka‘ako and Ward Village, but most existing supply comes from resales in Waikiki, Downtown, and Ala Moana. As of Fall 2025, active condo listings on Oahu are down 7% compared to last year, limiting choices for buyers and supporting higher prices.

Notable trends include:

• Waikiki: High demand with low supply in premium buildings like the Waikiki Landmark keeps prices firm.
• Kaka‘ako: Steady pipeline of luxury towers adds inventory at the top end but has limited impact on affordability.
• Suburban Areas: Makiki and Salt Lake continue to provide more entry-level inventory relative to Honolulu’s urban core.

Buyers seeking affordable condos in Honolulu need to act quickly, as competitively priced units under $500,000 often receive multiple offers.

Rental Demand and Investor Outlook

The Oahu Condo Market isn’t just for homeowners—investors remain active due to strong rental demand. Waikiki condos, in particular, continue to attract buyers looking for long-term and medium-term rental opportunities. While Honolulu’s short-term rental laws restrict nightly rentals in most buildings, demand for 30+ day furnished rentals remains robust, especially from military personnel, traveling nurses, and digital nomads.

Neighborhoods attracting investors include:

• Waikiki: Strongest demand for both vacation rentals (in eligible buildings) and longer-term tenants.
• Kaka‘ako: Young professionals and relocations drive interest in modern luxury condos.
• Salt Lake: Popular among long-term tenants seeking larger floor plans at lower prices.

Learn more about investment strategies in our post: Is Buying a Condo in Honolulu a Good Investment?

Key Factors Driving the Oahu Condo Market in 2025

Several forces are shaping the Oahu Condo Market this fall:

1. Interest Rates: Higher than pre-2022 averages but stabilizing, giving buyers predictability.
2. Limited Land: With Honolulu’s geography, vertical development is the only growth path, ensuring long-term condo demand.
3. Tourism: Visitor arrivals in 2025 are up 6% compared to last year, supporting investor interest in Waikiki condos.
4. Migration: Remote workers and mainland retirees continue to relocate, fueling demand for lifestyle-driven purchases.
5. New Construction: Luxury projects in Kaka‘ako diversify the upper end but do little to expand affordability.

Neighborhood Highlights – Fall 2025

Waikiki

Waikiki remains the flagship of the Oahu Condo Market. Median prices hover around $600,000, with oceanfront buildings commanding much higher. Explore our full Waikiki Condos guide.

Honolulu (Ala Moana & Downtown)

Honolulu offers diversity—from luxury high-rises at Ala Moana to affordable options downtown. Buyers prioritizing urban convenience should start with Honolulu Condos for Sale.

Kaka‘ako

The epicenter of new development, Kaka‘ako continues to define the high end of the Oahu Condo Market. See current listings on our Luxury Oahu Condos page.

Salt Lake / Airport Area

Salt Lake is an often-overlooked area with larger floor plans and lower entry prices. A hidden gem for buyers seeking affordable condos in Honolulu.

Advice for Buyers and Sellers

For Buyers

• Get pre-approved: competition is strongest for affordable units under $500K.
• Be flexible: expanding your search beyond Waikiki can reveal hidden value.
• Focus on building health: review HOA reserves, fees, and rental rules.

For Sellers

• Well-priced condos in move-in condition sell quickly—especially in Waikiki and Kaka‘ako.
• Highlight building amenities and walkability in your marketing.
• Consider timing your sale before interest rates shift again in 2026.

Outlook for the Oahu Condo Market – 2026

Looking ahead, the Oahu Condo Market is expected to remain steady, with moderate price appreciation in core neighborhoods. Luxury demand will stay strong in Kaka‘ako, while Waikiki continues to dominate rental-driven purchases. Affordability challenges persist, but creative financing and smaller-unit inventory will help first-time buyers enter the market.

Overall, buyers who act strategically this fall are likely to benefit from stable prices and limited competition compared to peak years.

Conclusion: What Fall 2025 Means for You

The Oahu Condo Market this fall is characterized by steady prices, limited inventory, and strong demand in key neighborhoods. Whether you’re exploring affordable condos in Honolulu, evaluating luxury options, or considering an oceanfront purchase, success comes down to preparation and guidance.

Ready to start your search? Browse live Honolulu Condos for Sale or request a custom list tailored to your budget and lifestyle.