Is Honolulu, HI 96818 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Honolulu is a buyer’s market. With about 9.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Competition score32/ 100

More competitive than 29% of U.S. ZIP codes, and #15 of 40 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply9.3Under 4 months = seller’s market
Sold above original list21%Share of sales, last 3 months
Median sale-to-list99.2%Sold price ÷ list price
Median days on market110Listing to accepted offer
Median price per sq ft$576▲ +1.2% vs. last year

The Honolulu housing market right now

In the three months ending August 31, 2026, 21% of homes in Honolulu, HI 96818 sold above their list price, the typical home went under contract in 110 days and there were 9.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 39 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold more slowly (92 days then) and the median sale price rose 4% to $462,300. Overall, Honolulu is more competitive than a year ago, so tougher for buyers.

Within Honolulu County, homes here sell more slowly than in 96% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, Honolulu ranks #15 of 40 HI ZIP codes with enough sales (score 32 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.

Nearby markets

Aiea 96701Balanced $542 /sq ftEwa Beach 96706Seller’s market $637 /sq ftHaleiwa 96712Balanced $1,181 /sq ftHauula 96717Buyer’s market $625 /sq ft Browse all markets →

Where Honolulu is

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Questions about Honolulu real estate

Is Honolulu a buyer’s or seller’s market?

A buyer’s market: there were 9.3 months of supply in Honolulu, HI 96818 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Honolulu?

The typical home went under contract in 110 days in the latest three months.

Do homes in Honolulu sell over asking?

21% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.

What are property taxes in Honolulu?

About 0.28% of a home’s value a year in Honolulu County, or roughly $1,120 on a $400,000 home.

What is the median home price in Honolulu?

The median sale price was $462,300 in the three months ending August 31, 2026, about $576 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology