Oahu Real Estate - Oahu Homes For Sale | Zillow (2024)

FAQs

Are home prices dropping in Oahu? ›

The median listing home price in Oahu, HI was $740K in July 2024, trending down -4.5% year-over-year. The median listing home price per square foot was $654. The median home sold price was $929.8K.

Kahala. One of Oahu's most elite neighborhoods where some of the richest people on the island live, Kahala still offers something...

1. Strong Appreciation. Hawaii's property values consistently grow, often doubling every decade. This steady upward trend means your investment is likely to increase over time, offering stability and potential profits.

The current real estate market conditions in Hawaii are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.02%, marking a decline from approximately 8% in the preceding year of 2023.

Waianae is the cheapest place to live in Oahu. This small town is located on the island's eastern coast and is home to an abundance of outdoor activities and authentic local cuisine. Local attractions here include the Waianae Mountain Range, Kahumana Organic Farms & Cafe, and Pokai Bay Beach Park.

A single individual making $90,000 per year can probably lead a comfortable lifestyle in Hawaii, assuming they have health insurance through their employer. With an annual income of $100,000 or more, some of the more expensive areas open up.

Retiring in Oahu's North Shore: Located on the north shore of Oahu, this area is known for its stunning beaches and laid-back lifestyle. Retirees can enjoy activities such as surfing, snorkeling, and hiking and can explore the area's unique cultural heritage at sites like the Polynesian Cultural Center.

Who owns Oahu? After the State of Hawaii, who owns nearly 94,000 acres on Oahu, the U.S. Federal Government is the second-largest landowner at over 61,000 acres, and then Kamehameha Schools is the third-largest landowner at over 47,000 acres.

Central Oahu, North Shore, and metro Honolulu had a poverty rate around 10 percent, and Ewa and the Windward side had the lowest poverty rates, around 6 percent.

Who is the richest person on Oahu? ›

EBay founder Pierre Omidya is worth approximately $6.3 million, making him the richest person from Hawaii.

In Hawaii, condos are often built with closer proximity to the things you want to do. Dining, shopping, and beaches are likely going to be closer to the condos in your price range than the houses. This might also mean your commute to work is far more efficient, and maybe even bike able or walkable.

Do you own the land when you buy a house in Hawaii? In most cases, a single-family homeowner in Hawaii owns the land the home sits on. However, always check the listing to be sure, because if a property is listed as a “leasehold,” the owner will not own the land.

The median sale price of a home in Oahu Island was $728K last month, up 7.0% since last year. The median sale price per square foot in Oahu Island is $674, up 3.6% since last year.…

If population growth follows historical trend, the projected housing demand for the 2025-2035 period is 4,112 units per year. The average of the two scenarios is 3,297 housing units per year. Section II describes historical population, household, and housing unit trends, including trends in vacant housing units.

Honolulu, HI housing market

The median listing home price in Honolulu, HI was $645K in July 2024, trending down -7.7% year-over-year. The median listing home price per square foot was $726. The median home sold price was $743K.

Across Hawaii, there is a shortage of rental homes affordable and available to extremely low income households (ELI), whose incomes are at or below the poverty guideline or 30% of their area median income (AMI). Many of these households are severely cost burdened, spending more than half of their income on housing.