Oahu real estate market shows single-family homes selling for $1M

Local News

HONOLULU (KHON2) — The price of a single-family home on Oahu continues to go up, with the median price now nearing $1 million.

According to real estate company “Locations,” the median price of a single-family home in May reached $985,000 dollars.

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That is a 23% price jump from 2020 — a new record high. Sales also remained at a 17-year high in May, up 58% over 2020.

The median price of a condo was $460,000 in May, which ties the highest on record. Condo sales were up 133%, a 15-year high.

Competition remains fierce as buyers are willing to pay above the asking price.

Bid-ups jumped 56% for single family homes and 36% for condos.

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