Hawaii housing market
Statewide listing data for September 2026, the latest month Realtor.com® Economic Research has published, with two years of history. Checked October 8, 2026.
Hawaii at a glance
WestSource: Realtor.com® Economic Research (Hawaii, September 2026). Asking prices and active listings, not closed sales.
What the data says
- There are 9.6% more homes for sale in Hawaii than a year ago.
- The median asking price is down 2.3% from a year ago.
- 14% of active listings have had at least one price reduction.
- The typical listing spends 88 days on the market, 2 days shorter than a year ago.
Repeat sales and appraisals of the same homes, published quarterly with a lag of about two months.
Two-year trend
Median listing price, Hawaii
| Period | Value |
|---|---|
| 2024-09-01 | $800K |
| 2024-10-01 | $794K |
| 2024-11-01 | $796K |
| 2024-12-01 | $800K |
| 2025-01-01 | $805K |
| 2025-02-01 | $797K |
| 2025-03-01 | $785K |
| 2025-04-01 | $775K |
| 2025-05-01 | $770K |
| 2025-06-01 | $767K |
| 2025-07-01 | $761K |
| 2025-08-01 | $750K |
| 2025-09-01 | $750K |
| 2025-10-01 | $750K |
| 2025-11-01 | $749K |
| 2025-12-01 | $750K |
| 2026-01-01 | $750K |
| 2026-02-01 | $749K |
| 2026-03-01 | $748K |
| 2026-04-01 | $740K |
| 2026-05-01 | $739K |
| 2026-06-01 | $740K |
| 2026-07-01 | $740K |
| 2026-08-01 | $736K |
| 2026-09-01 | $732K |
Homes for sale, Hawaii
| Period | Value |
|---|---|
| 2024-09-01 | 5,185 |
| 2024-10-01 | 5,171 |
| 2024-11-01 | 5,424 |
| 2024-12-01 | 5,447 |
| 2025-01-01 | 5,506 |
| 2025-02-01 | 5,704 |
| 2025-03-01 | 5,935 |
| 2025-04-01 | 6,303 |
| 2025-05-01 | 6,525 |
| 2025-06-01 | 6,462 |
| 2025-07-01 | 6,404 |
| 2025-08-01 | 6,214 |
| 2025-09-01 | 6,026 |
| 2025-10-01 | 5,950 |
| 2025-11-01 | 6,045 |
| 2025-12-01 | 6,029 |
| 2026-01-01 | 5,996 |
| 2026-02-01 | 6,088 |
| 2026-03-01 | 6,121 |
| 2026-04-01 | 6,193 |
| 2026-05-01 | 6,357 |
| 2026-06-01 | 6,606 |
| 2026-07-01 | 6,735 |
| 2026-08-01 | 6,690 |
| 2026-09-01 | 6,605 |
Listings follow a seasonal pattern each year; compare a month with the same month a year earlier.
Hawaii compared with the U.S.
Compare with another state| Measure | Hawaii | United States |
|---|---|---|
| Median listing price | $732,450 (−2.3% y/y) | $419,250 (−1.4% y/y) |
| Homes for sale | 6,605 (+9.6% y/y) | 1,161,615 (+5.4% y/y) |
| Median days on market | 88 days (−2 days y/y) | 61 days (Unchanged y/y) |
| Listings with a price cut | 13.9% (+0.4 pts y/y) | 20.8% (+0.9 pts y/y) |
| Median list price per sq ft | $717 (+2.8% y/y) | $223 (−1.7% y/y) |
Sources: Realtor.com® Economic Research (Hawaii, September 2026); Realtor.com® Economic Research (United States, September 2026). “y/y” is the change from the same month a year earlier.
An affordability illustration
Run your own numbersThe inputs
- Median listing price (September 2026)$732,450
- Down payment20% ($146,490)
- Loan amount$585,960
- Rate: 30-year fixed, national (Week of Oct 1, 2026)7.28%
- Median household income, Hawaii (2025)$105,100
This is an illustration, not a lender calculation. It leaves out property taxes, homeowners insurance, mortgage insurance and HOA dues, which can add several hundred dollars or more a month. The rate is a national average for strong-credit borrowers; your rate may differ.
Sources: Realtor.com® Economic Research (Hawaii, September 2026); Freddie Mac Primary Mortgage Market Survey, via FRED, Federal Reserve Bank of St. Louis (United States, Week of Oct 1, 2026); U.S. Census Bureau, Current Population Survey, via FRED, Federal Reserve Bank of St. Louis (Hawaii, 2025).
Editor’s notes on Hawaii
Written March 2026; conditions may have changedHawaii's housing market reflects its unique position as a geographically constrained island economy with significant vacation and second-home demand. Prices are among the highest in the nation, with Honolulu and Maui commanding global investor attention. The post-pandemic surge has cooled, and the market has stabilized at still-elevated levels. Local residents face significant affordability challenges, driving a unique political and regulatory environment around short-term rentals.
For buyers
The Big Island (Hawaii County) offers the most affordability and growing infrastructure. Understand HOA rules and short-term rental regulations before buying — they vary significantly by county and can affect investment returns.
For sellers
Target mainland and international buyers who view Hawaii real estate as a trophy asset and safe haven. Professional photography and video are essential — much of your buyer pool will never visit before making offers.
These notes are background written by our editors in March 2026, before the data above. Where they differ, the dated figures on this page are more current.