May 2026 Oahu Real Estate Market Update by Ben Fieman  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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O'ahu Home Prices Ease as Sales Volume Declines

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May 2026 Oahu Real Estate Market Update: Interest rates were on the way down but came back up to about 6.4% due to the conflict in the Middle East and other economic factors. This means more buyers are waiting on the sidelines, but prices aren't coming down because inventory is so low and sellers are hanging onto their low interest rate mortgages and holding out for a lower interest rate environment. The single family home market is a strong 2.9 months of remaining inventory sellers market, but condos are a slight 6.5 months of remaining inventory buyers market. If you know someone who is looking to make a real estate move please connect us so we can get the conversation started together. Have a great rest of your May and see you next month in June for your next Oahu real estate market update!

Welcome To The World My 2nd Daughter “Leila Hope Fieman”

Born on earth day April 22 2:06am 7lb 13oz and already stole our hearts! Mila is so happy to have a little sister. Love my girls so much @juliechuhawaii 💕

Last Month Sale Stats

Highlights from our April Monthly Statistics Report:

  • Properties priced at $500,000 and below accounted for 193 sales in April and 666 year-to-date, with 1,168 active listings in that price range.

  • Sales activity increased across select price ranges, with single-family home sales in the $900,000 to $1,099,999 range up 37.8% year over year. Condo sales rose in both the $400,000 to $499,999 and $1,000,000 to $1,999,999 ranges, up 26.9% and 50.0%, respectively.

  • Properties moved at a quicker pace compared to last year, with single-family homes spending a median of 24 days on market, down from 29 days, while condos decreased from 43 to 38 days.

  • Pending sales indicated continued buyer engagement, with single-family home contract signings up 1.5% year-over-year and condo pending sales increasing 8.0%.

Honored to be featured as a Pacific Edge Magazine Man Issue 2026!

The event was held on Monday May 18 from 5:30-8:00pm at The Pacific Club. Congrats to my fellow features and will post a video recap on it soon!

Just LISTED 1232 Hele St in Keolu Hills (Kailua) for $1.78M!

It's a 5 bed, 3 bath home with 2,124 sqft of living on a 6,300 sqft flat lot. Come see it in person at one of your upcoming open houses: Sun 5/10 2-5pm! Offers Due May 11th

JUST LISTED Makakilo Gardens #D24 for $520,000!

It's a 3 bed, 2 bath, 2 parking townhome with 1,113 sqft of living, a large private outdoor lanai with Diamond Head views, and a $787/mo maintenance fee. We already got 5 offers and accepted one of them but still open to backups!

Just LISTED Ala Wai Plaza Skyrise #3503 for $500,000!

It's a 1 bed 1 bath 1 parking with 684 ft.² of living, 124 ft.² of outdoor lanai space, and a low $834/mo maintenance fee that includes: Cable TV, Hot Water, Sewer, Water. Schedule your showing today to see these one of a kind views in person overlooking the best school in the state!

Just SOLD Kalani Iki Estates #40 for $1.6M!

8 offers total and $210,000 over asking! How was I able to sell it for such a high price? First I used my Compass Concierge program to pay for professional staging from Oasis Staging so my sellers didn’t have to spend any money out of pocket and it made the property look so much nicer. Then my marketing team took amazing photos, videos, drone shots, and a virtual 3D matterport tour. We used paid advertising online on websites and social media to market the home as an alternative to high condo maintenance fees and expensive single family home living. We hosted broker opens and open houses on every Wed, Sat, and Sun to generate buzz with potential buyers and we were present for most showings so we could cool down the place and present the home in the best light. We successfully created a bidding war where 2 all cash buyers rose to the top, so we put one in escrow and another in backup, and ended up selling quickly for $1.6M!

Current Listings

Waikiki

444 Niu St, Unit 1105, 96815

0 BD 1 BA 236 SF $170,000

Punchbowl Area

1415 Victoria St, Unit 211, 96822

1 BD 1 BA 539 SF $340,000

Upper Manoa

2846 Lowrey Ave, 96822

4 BD 2 BA 1794 SF $1,790,000

Keolu Hills

1232 Hele St, 96734

5 BD 3 BA 2124 SF $1,780,000

Makaha Valley

84-1000 Maiola St, 96792

4 BD 5 BA 3640 SF $5,000,000

Waikiki

223 Saratoga Rd, Unit 1906, 96815

0 BD 1 BA 355 SF $470,000

Kakaako

1288 Kapiolani Blvd, Unit I2007, 96814

2 BD 2 BA 1113 SF $780,000

Kapiolani

583 Kamoku St, Unit DH1907, 96826

2 BD 2 BA 1082 SF $660,000

Waikiki

2045 Kalakaua Ave, Unit 604, 96815

0 BD 1 BA 307 SF $359,000

Makiki

1508 Kewalo St, Unit 101B, 96822

2 BD 1 BA 608 SF $390,000

Kapiolani

555 University Ave, Unit 3503, 96826

1 BD 1 BA 684 SF $500,000

Upper Makakilo

92-787 Makakilo Dr, Unit D24, 96707

3 BD 2 BA 1113 SF $520,000

Off Market Listings

Inquire directly for any of these off market opportunities

- Ka La’i Waikiki Beach Penthouse $6.9M

- Palolo Ave 8 bed 6 bath $1.75M

- 1144 Hunakai St in Kahala $2.6M

- 3032 Harding Ave in Kaimuki $999k

- Ae’o 1 Bed Rented at $3700/mo asking $800k

- Kaimuki 3 bed 2 bath make your offer

– Manoa 4 bed 2.5 bath, Alani Drive, $1.9M

- Alia Ala Moana 1 bed $1.08M

Potential Fixer Uppers

Moiliili

735 Isenberg St, 96826

6 BD 5 BA 2204 SF $1,680,000

Maunalani Heights

3843 Lurline Dr, 96816

4 BD 3 BA 1966 SF $1,650,000

If you have a specific real estate question or goal reach out and let's start to have a conversation together so I can come up with a strategy to get you there. Send this to someone who you think would benefit from meeting with me!

Ben Fieman

Realtor Broker | RB-23470 | MBA Compass Hawaii, Founding Agent


#9 Agent on Oahu, #26 in Hawaii - RealTrends Rankings

Career: $250M+ 300 transactions


Work: 808.400.7007

Email: Ben@Fieman.com

Website: www.Fieman.com

Henry Hume

Assistant to Ben Fieman

RS-87091 | DRE-02159332 Compass HI & CA

Team FIEMAN & HouseofHume


P: 310-775-0676

E: henry.hume@compass.com

Compass Profile: Click Here

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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