Honolulu, HI metro area Housing Market
Cold MarketComprehensive housing market data for the Honolulu, HI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$720K
↑ 4.3% YoY
Days on Market
95 days
↑ 17.3% YoY
Active Inventory
3,710
↓ 7.8% YoY
Homes Sold
651
↑ 10.7% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Honolulu, HI metro area Market Summary
The Honolulu, HI metro area housing market is cooling down. As of March 2026, the median home sale price is $720K, up 4.3% year-over-year. Homes are spending a median of 95 days on the market, 17.3% longer than a year ago.
There are 3,710 homes for sale — 7.8% fewer than last year. With 5.7 months of supply, this is a balanced market. 922 new listings were added during this period, down 19.3% year-over-year.
Homes are selling for 98.0% of their list price on average, suggesting room for negotiation. 19.2% of homes sell above their asking price. 15.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Hawaii Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 65% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.
Honolulu, HI metro area Market Trends
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Loading chart…
Detailed Market Metrics
Median List Price
$760K
Price per Sq Ft
$654
Sale-to-List Ratio
98.0%
Months of Supply
5.7
Sold Above List
19.2%
Price Drops
15.2%
New Listings
922
↓ 19.3% YoY
Pending Sales
822
Off Market in 2 Weeks
27.6%
Other Markets in Hawaii
Analyze a deal in Honolulu, HI metro area
Calculate cash flow, Cap Rate, DSCR, and Cash-on-Cash Return for any rental property — free and instant.
Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.