Waipahu Condo Market Analysis

Waipahu’s condo market presented a mixed picture in September 2026. Inventory remained below the level generally associated with a balanced market, while homes took considerably longer to sell and the median sold price declined. At the same time, properties that closed sold slightly above their asking prices, suggesting that demand remained strong for well-positioned listings despite slower overall market activity.

Months of inventory stood at 3.14, down 6.55% from the previous period. Because six months of inventory is typically considered balanced, the current level continues to favor sellers by indicating a relatively limited supply of available condos. Sellers may benefit from reduced competition, particularly if their units are priced appropriately and show well. Buyers, however, could face fewer choices and competition for desirable properties, although the market’s longer selling times may create opportunities to negotiate on listings that have been available for a while.

The sold-to-list price ratio rose 1.17% to 101.0%, meaning that the typical closed sale finished slightly above its most recent asking price. For sellers, this is an encouraging sign that accurately priced condos can still attract strong offers. Buyers should be prepared for the possibility of paying near or above list price when a property is updated, well located, or competitively priced. Still, this figure reflects completed transactions across the market and does not mean every listing will generate multiple offers or sell above asking.

Median days on market increased 330% to 86 days, signaling a substantial slowdown in the pace of sales. This gives buyers more time to evaluate some properties, complete due diligence, and potentially negotiate terms. For sellers, the longer timeline underscores the importance of realistic pricing, presentation, and patience. The contrast between extended marketing times and a 101.0% sold-to-list ratio may indicate that properties are taking longer to find the right buyer but can still command strong offers once properly positioned.

The median sold price fell 13.46% to $405,000. This could improve affordability for some buyers, but it should not automatically be interpreted as a uniform decline in every condo’s value. Monthly median prices can shift based on the mix, size, condition, and location of the units that sold. Sellers should rely on recent comparable sales within their specific building or neighborhood rather than the market-wide median alone, while buyers should compare individual properties carefully before drawing conclusions about value.

Overall, Waipahu’s condo market remains supply-constrained, but the sharp increase in days on market and lower median price suggest a more nuanced environment than the inventory figure alone implies. Market conditions can change due to interest rates, economic developments, insurance costs, building-specific issues, and other unforeseen factors. Buyers and sellers seeking guidance tailored to a particular condo or personal timeline can contact Christopher Breen as a resource for a more individualized market assessment.