Condos account for about two-thirds of Honolulu’s residential real estate. Since the 1960s, condo living has been the dominant housing choice here. With a large tourism industry needing workers, the State government based in Honolulu, and most of Hawaii’s finance and business sectors concentrated here, nearly 70% of Hawaii’s population resides on Oahu. Limited land, a push to preserve nature, and efforts to improve affordability make vertical building the practical solution.
Honolulu condos for sale range from studios under $200,000 in a few older buildings to penthouses exceeding $20 million in ultra-luxury properties Ilima and Park Lane.
Most condo buildings enforce a minimum 30-day rental period, with many requiring longer terms per their house rules. Only a small number permit short-term vacation rentals. Learn more on our condo hotels for sale page. Popular investor condo hotels include Ilikai, Waikiki Sunset and Waikiki Banyan. Lifestyle-focused condo hotels include Ritz-Carlton Waikiki and Ka Lai Waikiki.
The 3 Regions Honolulu condos are grouped into three main areas:
Metro Honolulu: Covers neighborhoods like Waikiki, Kakaako, and Ala Moana. Over 90% of Honolulu’s condos are here.
Diamond Head: Features 16 oceanfront condos along the Gold Coast, built in the 1950s and 60s at the base of Diamond Head near Kapiolani Park. Modern setback rules make these irreplaceable, driving their value.
Hawaii Kai: The easternmost part of Honolulu, with a mix of high-rise and low-rise condos, some on a scenic marina in a townhouse style. See our blog post on marina-front properties.
Popular Neighborhoods Honolulu’s condo neighborhoods each have a distinct character, shaped by location, surroundings, or developer intent. Here’s a look at three key areas:
Over the past 3 years, an average of 2849 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.
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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.
