March always feels like a transition month here on Oahu. We start to move past winter weather, daylight stretches a little longer, and buyer activity typically begins to pick up heading into spring. This year, March brought some interesting shifts in the market that are worth paying attention to, especially if you are planning a move later in 2026.
Here is a clear snapshot of what happened last month.
March 2026 Market Highlights
- Single-family home sales jumped 26% year over year, with 260 homes sold compared to 206 last March. This shows renewed confidence from buyers, even with higher interest rates.
- Condo sales dipped slightly by about 5%, totaling 351 sales. Condos are still moving, just at a slower pace than single-family homes.
- Median single-family home price rose to $1,199,500, up 3.4% from last year. Prices are rising modestly rather than surging.
- Median condo price increased to $510,000, a 2% year-over-year gain, keeping condos relatively stable and accessible for many buyers.
- Homes are taking a bit longer to sell, with single-family homes averaging 21 days on market and condos averaging 43 days. Buyers have more breathing room than we saw during the frenzy years.
- Inventory remains tight for single-family homes, down more than 10% from last year, while condo inventory stayed nearly flat.
- Multiple offers are still happening, with 26% of single-family homes selling above asking price and sellers receiving about 98.6% of their list price on average.
What These Numbers Mean Right Now
For buyers, the market feels more balanced than it did a couple of years ago. Homes are still selling relatively quickly, but not overnight. Condos in particular are offering a bit more choice and negotiating room, which can be appealing in areas like Kaka‘ako, Salt Lake, and parts of Pearl City.
For sellers, well-priced and well-prepared homes are still moving. Single-family homes in neighborhoods such as Kapolei, Kailua, and Mililani continue to see strong demand. While bidding wars are not guaranteed like they once were, serious buyers are still out there, especially for properties under $1 million and well-located homes above that range.
From a broader market perspective, what stands out is stability. Prices are holding, activity is healthy, and supply is not flooding the market. This kind of environment often rewards thoughtful strategy rather than rushing decisions.
Looking Ahead
As we move further into spring and toward the summer buying season, I will be watching inventory closely. If new listings stay limited, that could support prices through the middle of the year. At the same time, higher mortgage rates and maintenance fees in condos continue to shape buyer behavior here on O‘ahu.
If you are thinking about buying, selling, or just want to understand how these trends impact your specific neighborhood, I am always happy to walk through the numbers with you.
Want to talk about what this means for your real estate plans? Feel free to reach out.
Happy House Hunting!
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