Condos make up roughly two-thirds of Honolulu’s housing, a trend driven by limited land, preservation priorities, and a large workforce serving tourism, government, finance, and business. With nearly 70% of Hawaii’s population living on Oahu, vertical living has been the practical solution since the 1960s.
Prices range from studios under $200,000 in older buildings to $20M+ penthouses in Honolulu’s top luxury projects, including Ilima and Park Lane.
Most condos in Honolulu require minimum 30-day rentals, with many buildings mandating even longer terms. Only a small number qualify for legal short-term vacation rentals. Investor-oriented condo hotels include the Ilikai, Waikiki Sunset, and Waikiki Banyan. Lifestyle-focused options include Ritz-Carlton Waikiki and Ka Lai Waikiki.
Home to 90%+ of all Honolulu condos, this area includes the city’s highest density of high-rise buildings, shops, beaches, and restaurants.
Waikiki Hosts 130+ condos, including most of Honolulu’s condo hotels. Buildings are generally older, but popular newer residential towers include The Watermark (2008), Lanikea at Waikiki (2005), and Allure Waikiki (2009). Best for buyers wanting beaches and urban activity.
Kakaako Honolulu’s fastest-growing neighborhood, between Ala Moana and Downtown. Two master plans - Ward Village (Howard Hughes) and Our Kakaako (Kamehameha Schools) - are transforming the area with new condos, shops, and wider streetscapes. The city’s luxury concentration is here, including Hokua, Waiea, Victoria Place, Alia, Kalae, Launiu, Melia and Ilima.
The Diamond Head region includes a few distinct condo areas. The Gold Coast is the best-known, with 16 irreplaceable oceanfront buildings from the 1950s–60s along Kalakaua Avenue. Nearby are small low-rise clusters such as Pualei Circle, plus a number of CPR-style homes in the surrounding neighborhood that are legally structured as condos.
Honolulu’s easternmost region, offering a mix of low-rise and high-rise condos. Several properties are located directly on Hawaii Kai Marina, often in townhouse-style layouts.
Over the past 3 years, an average of 2841 fee simple condos sold per year in Honolulu. This large sample size makes the graph a highly reliable indicator of market trends.
The Honolulu graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
Honolulu Condos Market Summary (February '25 - January '26 vs February '24 - January '25)
Median Sales Price: $589,749 vs $530,000 — up 11.27%
Number of Sales: 3200 vs 2585 — up 23.79%
List-to-Sale Price Ratio: 98.46% vs 98.15% — up 0.32%
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
