Waikīkī’s housing supply is relatively steady, with 704 homes listed in March 2026 and 406 new listings coming on the market. Buyer activity has cooled, with 225 pending sales and a year-over-year drop in pendings of 20.21 percent. New listings are also down 13.62 percent from last year, so fewer homes are both coming on and going under contract.
Prices are adjusting gradually in response to this slower contract flow. The typical home value sits around $466,500, which is 7.24 percent higher than a year ago but down 1.27 percent from the prior month. Median list price is close at $478,500 and has barely moved month over month, dipping just 0.1 percent.
Homes are taking longer to sell, with the median days on market at 117.5, up 14.08 percent from last year and 10.85 percent from the previous month. Only about 6.41 percent of recent sales closed above list, and the average sale-to-list ratio is 0.95, suggesting buyers have some room to negotiate even though Waikīkī is still categorized as a seller’s market with a gauge reading of 31. Compared with Honolulu overall, where typical values are around $605,000, Waikīkī offers relatively lower pricing but similar mixed signals on pace and demand. In this kind of nuanced environment, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these trends and can guide their next move.
