Hawaii Housing Market Update: August 2025

If you’ve been keeping an eye on Hawaii real estate, you may have noticed some shifts in the market this year. According to Redfin’s latest data, August 2025 shows a slight cooling trend across the state’s housing market, giving both buyers and sellers something to consider. (Source: Redfin)

Key Market Highlights:

• Median Home Price: The median sale price for homes in Hawaii is currently $738,500, a 6% drop from last year.

• Sales Activity: Fewer homes are selling, with 991 transactions reported—a 3% decrease compared to last year.

• Time on Market: Homes are staying on the market longer, with the median time increasing by 18 days to 95 days.

Regional Differences:
Not all areas are moving the same way. Kaneohe saw a 12% increase in home prices, while Honolulu and Kailua experienced modest growth of 1.9%. On the other hand, East Honolulu saw a significant decline of 20.5%. This shows that local neighborhoods can behave very differently, even within the same island.

Inventory and Supply:

• Total homes for sale increased 14% year-over-year, reaching 8,129 listings.

• Newly listed homes were slightly down by 3.7%, and the average months of supply increased to 7 months. This indicates the market is moving toward a more balanced environment, giving buyers more choices and reducing bidding wars.

Buyer and Seller Trends:

• 17.4% of homes sold above list price, down from last year.

• Nearly 20% of homes had price reductions.

• The sale-to-list price ratio is at 97.4%, slightly lower than the previous year, reflecting a more buyer-friendly market overall.

Whether you’re thinking of buying or selling in Hawaii, understanding these trends can help you make smarter decisions. While some neighborhoods are appreciating, others are seeing price adjustments, making it more important than ever to work with a knowledgeable local agent who can guide you through the market.

For the full breakdown and the latest updates, you can check Redfin’s Hawaii Housing Market page here.

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Disclaimer: This blog is intended for educational and informational purposes only. While we strive to share helpful insights, real estate laws, market conditions, and regulations may change. For the most accurate and up-to-date information, please contact a licensed real estate professional or your agent directly to understand how this may apply to your specific situation.