Is Honolulu, HI 96816 a buyer’s or seller’s market?

The Honolulu housing market right now

In the three months ending August 31, 2026, 25% of homes in Honolulu, HI 96816 sold above their list price, the typical home went under contract in 66 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 96 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 21%, homes sold faster (70 days then) and the median sale price fell 4% to $1,199,481. Overall, Honolulu is more competitive than a year ago, so tougher for buyers.

Within Honolulu County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in 52%. On our competition score, Honolulu ranks #8 of 40 HI ZIP codes with enough sales (score 49 out of 100).

Nearby, buyers who want less competition could look at Kahuku 96731 (0% sold over asking) or Kaaawa 96730 (0% sold over asking), while Waimanalo 96795 (67% sold over asking) and Honolulu 96819 (37% sold over asking) are even more competitive.