Makiki-Tantalus Condo Market Analysis

The Makiki-Tantalus condo market moved modestly into buyer-favorable territory in September 2026, with 6.95 months of inventory, up 2.06% from the previous period. Six months is generally considered a balanced market, so the current level suggests buyers have a somewhat broader selection and potentially more negotiating room. Sellers, meanwhile, may face greater competition and should pay close attention to pricing, property condition, and presentation.

Despite the higher inventory, the sold-to-list price ratio rose 1.6% to 97.9%. This means condos sold for a median of about 97.9% of their final asking price, indicating that well-positioned listings are still attracting solid demand. Buyers should not assume that increased inventory will lead to steep discounts, while sellers can take some encouragement from the stronger ratio. However, pricing realistically remains important, as the typical sale still closed below the asking price.

The median number of days on market increased 2.9% to 71 days, signaling a slightly slower sales pace. Buyers may benefit from having more time to compare properties, review association documents, and evaluate monthly maintenance fees and building conditions. For sellers, the longer timeline means patience may be necessary, and listings that are overpriced or need updating could take longer to secure an acceptable offer.

The median sold price reached $422,500, a 15.75% increase from the previous period. That is a notable gain and may reflect resilient demand, a change in the mix of condos sold, or a greater share of higher-priced units closing during the month. Sellers may see the increase as supportive of property values, but it should not automatically be applied to every unit. Buyers should likewise consider recent comparable sales within the same building or nearby properties rather than relying solely on the neighborhood-wide median.

Taken together, the figures point to a market with mixed signals. Inventory above six months and a longer selling period provide buyers with some leverage, yet the higher sold-to-list ratio and rising median price show that demand has not disappeared. Sellers who align their expectations with current comparable sales may still perform well, while buyers may find opportunities without necessarily encountering widespread price reductions.

These statistics provide a snapshot rather than a guarantee of future performance, and market conditions can change due to interest rates, economic developments, insurance costs, building-specific issues, or other unforeseen factors. For personalized guidance on how these trends may affect a particular Makiki-Tantalus condo purchase or sale, Christopher Breen can serve as a resource for reviewing current listings, recent comparable sales, and property-specific considerations.