Honolulu Housing Market: Prices and Conditions in 2026
Get a concise snapshot of Honolulu home prices and current market conditions, with context on why different data sources can show different figures. See what buyers, sellers, and movers should consider when reading the market.
A Honolulu housing market snapshot is a quick view of recent prices and conditions, not a single definitive value for every home. Recent figures use different measures: Redfin reports an average house price of $610,000, while Zillow reports an average home value of $776,861. [1][2] For more detail, see Best Neighborhoods in Honolulu for Homebuyers.
Those figures are not interchangeable, so treat them as separate signals rather than competing estimates of the exact same thing. An Oahu report, for example, gives August 2026 median sale prices of $1,245,000 for homes and $510,000 for condos; those figures describe a different property mix and geographic scope from a Honolulu citywide average. [3] Averages, medians, and home-value estimates answer different questions, and one headline number cannot show what a particular property is worth. For more detail, see Honolulu HI Home Prices: Sale and Listing Figures.
This overview uses the numbers as a starting point for understanding Honolulu’s market, then looks at prices, market conditions, and the practical questions those figures raise for buyers, sellers, and people moving to the area. For example, a buyer comparing a condo with a house should not assume that a citywide average applies to both, while a seller should not treat a broad market figure as a price for their own home. Use the snapshot to frame your research, not to make a property-level decision on its own. Learn more in Is Honolulu a Buyer's or Seller's Market?
Why Honolulu home-price figures differ
Redfin’s average house price, Zillow’s average home value, and Oahu’s median sale price describe different measures and geographic areas, so compare each figure with its label and reporting period. [1][2][3]
Redfin reports an average Honolulu house price, while Zillow reports an average home value; those labels are not interchangeable. Redfin’s page says the average house price was $610,000 “last month,” while Zillow lists an average home value of $776,861 and identifies its update date as August 31, 2026. [1][2] The figures differ in both measure and stated update timing, so don’t read the gap as a direct change in what the same set of homes sold for.
The distinction matters when you compare an estimate with a transaction figure. For example, if you see a Zillow value and a Redfin average house price side by side, first check each page’s definition and period rather than treating either as the definitive sale price for a particular property. Check the current figure and its description before using it in a comparison.
An Oahu median sale-price report covers the island, not just Honolulu city, and separates homes from condos. In August 2026, it reported an Oahu home median sale price of $1,245,000 and a condo median sale price of $510,000. [3] Those island-wide medians are not directly comparable to a Honolulu city average: the area, property types, and statistic differ.
Hawaii’s housing-market dashboard uses county Realtor-reported resale data collected through each county’s MLS system. [4] That means its figures describe reported resales, rather than every home’s estimated value or every listing. When you consult a resale dashboard, check its county coverage and the period shown, then compare it with another resale measure for the same area and period where possible.
For a useful comparison, match the geography, property type, measure, and time window. A Honolulu city home-value estimate, an average house price, and an Oahu median sale price can all provide context, but only after you account for what each number represents. Use the current page labels and update dates to keep that comparison grounded in the same area and period.
What current conditions suggest for buyers and sellers
Redfin’s competition score and Zillow’s time-to-pending figure offer two brief signals about Honolulu’s market, but neither predicts what will happen with a particular home. Redfin rated the market 26 out of 100 and described it as “not very competitive”; its excerpt identifies the price timing as last month but does not give a calendar month or year. [1] Zillow reported that homes went pending in around 41 days, with its data updated August 31, 2026. [2]
Use the figures as context, not a promise
These numbers summarize market activity across Honolulu, not the likely outcome for your offer or sale. A particular listing may attract more or less interest than the broader market suggests, so do not assume that a buyer will have a specific amount of negotiating room or that a seller will receive a particular offer. [1][2]
For example, a buyer considering a home that has been listed for a while should look at that property’s condition, current competition, and comparable sales before deciding what to offer. A seller should likewise compare the home with recent sales and active listings rather than use a citywide timing figure to predict how quickly it will sell. These are practical steps, not guarantees of an outcome.
Check what is happening around the property
Before you make a decision, check current inventory and recent comparable sales for the property type and area you care about. Then review the home’s specific condition: needed repairs, updates, and other visible differences can make a broad market signal less useful for that listing.
If you are buying, compare homes that are genuinely similar in location, size, and condition, and confirm that the sales are recent enough to help with your decision. If you are selling, use nearby active listings to understand the alternatives buyers can consider, then weigh those against comparable completed sales. Neither the competition score nor the pending-time estimate replaces this property-level check. [1][2]
What to consider beyond the purchase price
A home-price figure alone does not show your full monthly housing cost, so compare the recurring expenses tied to the specific home or rental you are considering. For example, two homes at similar prices may have different ongoing costs, and a rent average may not match the unit type you need.
If you’re renting
Compare current rental listings for the same kind of unit you want, such as a studio, one-bedroom, or two-bedroom, rather than relying on one average. Check whether the listings match your preferred area and housing type, then compare the asking rents and what each listing includes.
For example, a one-bedroom listing is a more useful comparison for your search than an overall rent figure that combines several unit sizes. Use current listings to see the options available to you, and revisit them as your move date approaches.
If you’re buying
Look beyond the purchase price and identify recurring costs for the specific property. Ask for the current property tax details and confirm them with the relevant local government office; also check any other ongoing charges that apply to that home.
A citywide price figure cannot tell you what you will owe for an individual property. Before you budget, verify the property’s tax information and recurring costs directly, and compare those costs across the homes you are considering.
Keep the comparison practical: write down the monthly rent or ownership costs for each option, note which figures are confirmed and which need checking, and compare similar housing types. That gives you a clearer budget than using a single market-wide price or rent figure.
How the snapshot applies to your move
Use Honolulu’s broad housing figures to frame your search, not to decide what a specific home is worth or whether it fits your move. Buyers, sellers, and movers can each use the snapshot as a starting point, then focus on the properties and costs that match their plans.
If you’re buying
A citywide figure can help you set an initial research range, but compare homes with similar property types, locations, and features before judging whether a price is reasonable. For example, if you are considering a condo, compare it with other condos you are actively researching rather than using a broad house-price figure as your target.
Use recent sales for comparable properties to add local context, then assess each home on its own. A renovated home and one needing work may not be useful comparisons even when they are in the same area. Treat broad market data as a filter for where to look, not as a substitute for property-level research.
If you’re selling
A citywide indicator gives you context about the market, but it does not value your individual home. A seller should consider how the property’s type, location, features, and condition compare with relevant nearby homes; a citywide average cannot account for those differences.
For instance, an apartment owner should not assume that a broad house-price figure describes the likely value of the apartment. Use local, similar-property comparisons to inform your next steps instead of treating a single headline number as a pricing recommendation.
If you’re moving
Compare housing options by type and location, then weigh them against your own needs and ongoing budget. A condo near the places you need to reach may suit you better than a larger home elsewhere, or the reverse; the right comparison depends on your priorities.
Make a short list of what matters most—such as space, location, and recurring costs—and use it to compare actual options. That keeps a citywide snapshot in its proper role: useful background for your search, not a decision about which home or neighborhood is right for you.
What to check before making a decision
Before you decide, check the date, geographic coverage, and definition behind each Honolulu housing figure, then compare the specific property with current listings. A headline number can refer to a sale price, a home-value estimate, or a broader area, so confirm what it measures before using it to set expectations. [4][1][2][3]
For example, the Hawaii housing dashboard describes its figures as home resales reported by county Boards of Realtors using MLS data. [4] Redfin’s Honolulu page reports an average house price, while Zillow reports an average home value; these are different labels, so check each page’s current definition and date before comparing them. [1][2] An Oahu report may also cover more than Honolulu city, so verify whether the geography matches the property you are considering. [3]
For a specific home, compare properties with similar locations and features, and review active listings rather than relying only on a citywide figure. Check that the comparison fits the home’s property type and condition; for example, a condo listing is not a direct comparison for a detached house. Ask whether the figure is a completed sale, an asking price, or an estimated value, and note the reporting period. These checks help you avoid treating unlike numbers as if they describe the same market.
Use multiple measures to understand Honolulu’s housing market, not one headline number. Before making an offer, setting an asking price, or choosing where to look, confirm the latest figures and compare them with current listings and relevant properties. A broad market snapshot can give you context, but the property and its local comparisons should guide your next step.
More in this guide
- Average Rent in Honolulu: What Renters Can Expect
- Cost of Living in Honolulu: How to Build a Realistic Budget
- Honolulu HI Housing Market Forecast: What to Watch
- Property Taxes in Honolulu: How to Check Your Home’s Bill