| Kakaako Market Insider |
March 2026 |
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Your Neighborhood. Real Numbers.
New Construction Keeps Coming. Here's What It Means for Your Home's Value.
Kakaako's skyline is still changing. If you own here — or you're thinking about it — this is the data that matters right now.
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| Every new tower that delivers in Kakaako adds inventory — and every unit of inventory changes the math for existing homeowners. Below is the full picture: where prices stand, how today compares to 2021, and the neighborhood data that makes Kakaako unlike anywhere else on O'ahu. |
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The Big Picture
Inventory is climbing. Prices are holding — for now.
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Median Estimated Value
$795,690
▼ 1.2% year-over-year
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Median Sold Price
$787,500
▲ 5.6% month-over-month
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Months of Inventory
6.55
Buyer's market territory
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Active Listings
72
▲ 5.9% from last month
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Active Listing Volume
$77.1M
Total value on the market
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Pending Volume
$37.1M
▲ 4.2% month-over-month
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There's $77 million in active condo inventory sitting in Kakaako right now, while $37 million is already under contract and moving toward close. New construction deliveries are the main driver of growing supply — but the pending volume shows demand hasn't disappeared. It's just gotten more selective.
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What's Actually Selling
Priced right? 18 days. Priced wrong? 108.
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Units That Sold
18 median days on market
98.5% of asking price
$1,015 per sq ft
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Still Sitting
108 median days on market
$1,041 asking per sq ft
72 units competing
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The gap tells the story. Well-priced resale units are still moving quickly — 18 days, at 98.5% of asking. But overpriced listings are sitting for over 100 days, competing against brand-new units with modern finishes and developer incentives. Buyers have options, and they know it.
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Then vs. Now
How Kakaako has shifted since 2021
Key condo metrics from the post-pandemic peak to today.
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Early 2021 |
Today |
Change |
| Median Sold Price |
~$680K |
$787,500 |
+16% |
| Median $/Sq Ft |
~$850 |
$1,015 |
+19% |
| Median Days on Market |
~12 |
18 |
+50% |
| Months of Inventory |
~1.5 |
6.55 |
+337% |
| Market Type |
Seller's |
Buyer's |
Flipped |
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The headline: prices are up ~16% since early 2021, but the market underneath has completely changed. In 2021, inventory was practically nonexistent — 1.5 months — and everything sold in under two weeks. Today, inventory has more than quadrupled and the market has shifted decisively in buyers' favor. Prices haven't declined because the neighborhood itself has only gotten stronger. But the urgency that drove 2021 is gone.
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Who Lives Here
Young, educated, and professional — that's Kakaako.
This is why the neighborhood holds value even when inventory climbs.
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Age Breakdown (10K residents)
Median age: 41 | Nearly half the adult population is 35–54 — peak earning years.
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Education Levels
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58%
Bachelor's degree or higher
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24%
Graduate or professional degree
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Kakaako is nearly double the national average for bachelor's degrees (58% vs. 35%).
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Top Industries Where Residents Work
| Public Administration |
875 |
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| Healthcare & Social Assistance |
813 |
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| Professional, Scientific & Technical |
604 |
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Median household income: $98,692 | Walkability score: 4.8 / 5
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This is the context behind the price data. Kakaako's residents are overwhelmingly working professionals in their peak earning years, with education levels nearly double the national average and a median household income approaching $100K. It's why this neighborhood can absorb new supply without collapsing — the demand floor is real.
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The Takeaway
New construction doesn't kill resale value. Bad pricing does.
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Prices are up 16% since 2021, list prices are up 10% year-over-year, and the neighborhood fundamentals — income, education, walkability — are as strong as they've ever been. But the market dynamics have shifted completely. We've gone from sellers calling the shots to buyers having real leverage.
If you're thinking about selling, the window for top dollar is still open, but it requires precision. If you're staying put, your equity is intact — values are essentially flat over 36 months, which is stability, not decline. Either way, knowing where you stand is the first step.
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Want to know what this means for your unit?
I can pull your building's specific numbers — what's sold recently, what's sitting, and where your unit fits in the current market. No obligation, just data.
or text me directly: 808-388-8167
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Jack O'Connor Real Estate Advisor | REAL Broker 1050 Queen Street, Unit 100 | Honolulu, HI 96814 jack.oconnor@realHNL.com | 808-388-8167 |
Data sourced from RPR (Realtors Property Resource) and U.S. Census via Esri, March 2026. Historical figures are approximate based on RPR trend data. Information is not guaranteed. This email is not intended as a formal appraisal or market analysis for any specific property.
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