$57,000
1188 Bishop St Ste 1301
Honolulu, HI
0 bd1 ba400 sqft$143/ft²
Condo
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Sarah Mitchell
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Compass Real Estate · Honolulu, HI
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Honolulu, HI(512) 555-0184TX License #0512847
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Honolulu, HI Housing Market
Buyer's market+4.0% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Honolulu, HI is worth $776,861, rose 4.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $627,500, +7.8% year over year (through May 2026). With 8.1 months of supply and homes going under contract in about 95 days, Honolulu is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $776,861 home is about $4,147/mo in principal and interest.
Key numbers for Honolulu, HI
Typical home value
$776,861
+4.0% in 12 months
Zillow, August 2026
Typical asking rent
$2,733/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$627,500
+7.8% year over year
Redfin, through May 2026
Days on market
95
Slow-moving
Redfin, through May 2026
Active listings
2,100
8.1 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
97.4%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Honolulu a buyer's or seller's market?
Buyer's market8.1 months of supply95 days on market97.4% of asking
Honolulu, HI is a buyer's market, based on 8.1 months of supply and homes selling in about 95 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Honolulu housing market data show?
Every row below is Redfin's final published month for Honolulu, HI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $627,500 |
| Median list price | $599,000 |
| Year-over-year price change | +7.8% |
| Median price per sq ft | $716/sq ft |
| Median days on market | 95 days |
| Active inventory | 2,100 listings |
| Months of supply | 8.1 months |
| Sale-to-list price ratio | 97.4% |
| Homes sold (that month) | 258 |
| New listings (that month) | 419 |
| Listings with a price cut | 15.0% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Honolulu is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Honolulu is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Honolulu home prices moved?
Over the last three years the median sale price in Honolulu, HI rose 26.4%, from $496,500 to $627,500. The live Zillow value series has rose 4.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 15.0% of Honolulu listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 8.1 months while the sale-to-list ratio slips below its current 97.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Honolulu?
Priced off the typical home value of $776,861 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $155,372 | $621,489 | $4,147/mo |
| 5% | $38,843 | $738,018 | $4,925/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $4,147, that implies roughly $177,742 a year before you add taxes and insurance. We do not hold a Census income figure for Honolulu, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Honolulu in the next 12 months?
Tell us your timeline. We send the Honolulu market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Honolulu?
Typical asking rent in Honolulu, HI is $2,733/mo, against a typical home value of $776,861. That is a price-to-rent ratio of 23.7x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $4,147 a month — $1,414 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Honolulu?
Active listings in Honolulu, HI went from 2,252 in May 2025 to 2,100 in May 2026, a -6.7% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 2,284 | 464 |
| July 2025 | 2,261 | 437 |
| August 2025 | 2,196 | 419 |
| September 2025 | 2,131 | 874 |
| October 2025 | 2,097 | 613 |
| November 2025 | 2,077 | 386 |
| December 2025 | 1,954 | 322 |
| January 2026 | 2,020 | 459 |
| February 2026 | 2,099 | 426 |
| March 2026 | 2,116 | 458 |
| April 2026 | 2,123 | 451 |
| May 2026 | 2,100 | 419 |
Redfin, through May 2026
How does Honolulu compare to Hawaii and the U.S.?
Honolulu homes sell for $627,500 — 15% below the Hawaii median of $741,300. Against the national median of $410,700, Honolulu runs 53% higher. Year-over-year, Honolulu moved +7.8% against Hawaii's -0.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Honolulu, HI | $627,500 | +7.8% | 95 days |
| Hawaii statewide | $741,300 | -0.3% | 86 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Honolulu
What buyers should watch
- Months of supply, currently 8.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 15.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $778 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $776,861 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Honolulu listing goes under contract in 95 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Honolulu added 419 new listings against 258 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Honolulu varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Honolulu
There are currently 2,100 homes listed for sale in Honolulu, Hawaii. The median listing price is $599K. Featured listings range from $57,000 to $5,500,000.
$325,000
1535 Pensacola St Apt 304
Honolulu, HI
1 bd1 ba493 sqft$659/ft²
Condo
View photos & details
$395,000
1201 Wilder Ave Apt 2404
Honolulu, HI
1 bd1 ba616 sqft$641/ft²
Condo
View photos & details
$499,000
3130 Ala Ilima St Apt 26C
Honolulu, HI
2 bd2 ba904 sqft$552/ft²
Condo
View photos & details
$595,000
1001 Queen St Apt 1511
Honolulu, HI
0 bd1 ba433 sqft$1374/ft²
Condo
View photos & details
$750,000
223 Saratoga Rds Unit 807
Honolulu, HI
0 bd1 ba560 sqft$1339/ft²
Condo
View photos & details
$980,000
1650 Ala Moana Blvd Apt 3405
Honolulu, HI
2 bd2 ba1,324 sqft$740/ft²
Condo
View photos & details
$998,000
444 Lunalilo Home Rd Apt 123
Honolulu, HI
3 bd3 ba1,281 sqft$779/ft²
Condo
View photos & details
$1,300,000
2066 9th Ave
Honolulu, HI
6 bd2 ba2,028 sqft$641/ft²
House
View photos & details
$1,550,000
7539 Huialoha St
Honolulu, HI
4 bd3 ba2,456 sqft$631/ft²
House
View photos & details
$1,845,000
1812 Makuakane St
Honolulu, HI
6 bd4 ba2,544 sqft$725/ft²
Condo
View photos & details
$5,500,000
2475 Makiki Hts Dr
Honolulu, HI
5 bd7 ba4,537 sqft$1212/ft²
House
View photos & details
Looking to buy in Honolulu?
Get connected with a local real estate expert — free, no obligation.
Active listings
2,100
Homes on market
Median list price
$599K
Avg. days on market
95
Days until sale
New this week
419
Newly listed
Price drops:15.0%of listings
Sale-to-list:97.4%
How much do homes cost in Honolulu by property type?
How the Honolulu, HI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / co-op | $520,000 | $703/sq ft | 203 | 106 days |
Which public schools serve Honolulu?
50 schools tracked · 33,391 students
The largest public schools serving Honolulu, HI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Governor Wallace Rider Farrington High School
Grades 9-12 · 2,072 students
Moanalua High School
Grades 9-12 · 1,933 students
Kalani High School
Grades 9-12 · 1,375 students
President Theodore Roosevelt High School
Grades 9-12 · 1,337 students
President William McKinley High School
Grades 9-12 · 1,328 students
Admiral Arthur W Radford High School
Grades 9-12 · 1,231 students
Henry J Kaiser High School
Grades 9-12 · 1,088 students
Kaimuki Middle School
Grades 6-8 · 1,006 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Honolulu, HI?
Ordered by distance from Honolulu, not by size. Compare Honolulu side by side with any of them.
Honolulu housing market FAQ
Is Honolulu a buyer's or seller's market?
Honolulu, HI is currently a buyer's market. That read comes from 8.1 months of supply, homes going under contract in about 95 days, and sellers getting 97.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Honolulu?
The typical home in Honolulu, HI is worth $776,861 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $627,500, about $716 per square foot.
Is Honolulu cheaper than the rest of Hawaii?
Honolulu's median sale price of $627,500 is 15% lower than the Hawaii statewide median of $741,300, and 53% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Honolulu?
Homes in Honolulu, HI spent a median of 95 days on market before going under contract, versus 86 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Honolulu?
At the current 30-year fixed rate of 7.03%, 20% down on a $776,861 home is about $4,147 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $177,742 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Honolulu?
The typical home value in Honolulu, HI rose 4.0% over the last 12 months, from $747,168 to $776,861 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Honolulu?
Honolulu ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Honolulu?
That depends on your timeline, not on a headline. What the data says today: Honolulu, HI is a buyer's market with 8.1 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 23.7x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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