Waikiki Homes For Sale

In June 2025, Waikiki’s housing market showed modest price growth, with the median home price rising 4.3% year-over-year to $445K. However, the pace of sales slowed, as homes stayed on the market an average of 84 days—up from 73 days last year—indicating a more measured buying environment. Sales volume also declined sharply from 300 to 240 homes, suggesting that while prices have edged upward, overall demand has cooled, likely due to shifting buyer priorities or affordability constraints in this high-density, resort-driven market.

Waikiki is not a very competitive market, with homes typically taking 89 days to sell and multiple offers being uncommon. Most properties sell for about 4% below list price, reflecting buyers’ negotiating leverage in this slower-moving market. That said, well-priced or highly desirable units can still attract quicker attention, going pending in around 57 days and selling near asking, showing that while the overall pace is slow, select listings continue to perform better than the broader market.

Waikiki was a buyer’s market in June 2025, indicating that the number of homes for sale exceeded active buyer demand. This oversupply gave buyers a clear advantage, allowing for more negotiation on price and terms, longer decision-making windows, and reduced competition. Properties generally sold well below asking and sat on the market for extended periods, reflecting a slower pace of activity. While some well-located or competitively priced listings still moved, the overall market favored buyers who could take their time and secure better value in a high-inventory environment.