Oahu Luxury Real Estate Market Report: April 2026

In April, Oʻahu’s luxury single-family home sales cooled from March, with closings dropping from 46 to 32 and the median sold price falling 16.6% to $2,396,000.

Luxury Home Overview

There were fewer ultra-high-end deals and more activity nearer the entry level of the luxury segment. Despite the lower volume and median, market strength was evident. Homes sold faster and price per square foot increased from $1,082.20 to $1,177.11.

A higher share of properties sold at or above asking and the listing-to-sold ratio also increased. Price reductions were more common, as 43.7% of April’s sales involved cuts, indicating sellers had to re-calibrate expectations, but those who did saw quicker, stronger results. Overall, April saw fewer sales but firmer pricing and faster transactions for homes aligned with buyer value, marking a shift from broad activity to selectivity in the luxury market.

Luxury Condo Overview

April luxury condo activity on Oʻahu rebounded from March. Closings rose from 5 to 11 and the median sale price held at $2,400,000. The month saw more transactions at a consistent price point, but condos took longer to sell. Luxury condo sellers were more willing to negotiate, as reflected by the listing-to-sold ratio dropping from 95.5% to 91.3% and price reductions increasing to 63.6% of sales.

Notably, price per square foot jumped from $1,778.05 to $2,052.72, thanks to several high $/sf sales, even as the median price stayed flat. While 9% of sales met or exceeded asking—indicating competitive demand for select units—the overall market showed greater price sensitivity, longer days on market, and more sellers adjusting prices to attract buyers.