Oahu, also known as “The Gathering Place,” is the third-largest of the Hawaiian Islands and home to Honolulu, the state capital. With a population of over one million residents, Oahu is a diverse and dynamic place to live, work, and play. From the bustling city of Honolulu to the tranquil beaches of the North Shore, Oahu offers a wide range of neighborhoods and communities to explore.
But what does the Oahu real estate market look like? According to the Honolulu Board of Realtors, the median sales price for a single-family home on Oahu was $978,000 in December 2021, a 12% increase from the previous year. Condos and townhouses had a median sales price of $441,000, a 7% increase from the previous year.
Despite rising prices, Oahu remains a popular destination for home buyers, both local and international. The island’s diverse population and vibrant culture, combined with its natural beauty and mild climate, make it an attractive place to call home. Whether you’re looking for a vacation property or a permanent residence, there are many options available in Oahu.