5 Things to Know About West Oahu Real Estate in 2023

West Oahu includes some of Oahu's most popular neighborhoods. Within the area's many neighborhoods are a variety of home types—from high-rise condos and townhomes to plantation-style homes and luxury estates. Here are five things to know about this huge real estate market in 2023.

1. Five Market Areas Make Up West Oahu.

The Tax Map Key (TMK) Zone 9 called “West Oahu” includes the market areas of Ewa, Makakilo, Waipahu, Mililani and Pearl City-Aiea.

2. Four in 10 Oahu Home Sales Are in West Oahu.

West Oahu has 40% of Oahu home sales and 31% of Oahu home inventory in 2023. Thanks in large part to the Ewa market area, the West Oahu zone comprises nearly half of all Oahu home sales—wow!

3. Sellers in West Oahu Get More of Their Asking Price.

In every year since 1982, sellers in West Oahu received a greater percent of sold-to-list price than the rest of Oahu taken together. This gap was especially prominent in 2021, when West Oahu sellers received more than 102% of the list price, while the rest of Oahu got about 100%. 

4. Prices Were Down in Three Out of Four West Oahu Neighborhoods in 2023.

Seventy-five percent of West Oahu neighborhoods had a price decrease in 2023. While prices were down in three-quarters of West Oahu single-family home neighborhoods, some, like Makakilo‐Palehua Heights and Kapolei‐Aeloa, saw significant gains.

5. The West Oahu Market With the Most Turnover is Ewa.

Lastly, the West Oahu market of Ewa has the highest turnover, at 10.7%, while Pearl City-Aiea has the most long-term residents, with a turnover rate of just 1.64%. Turnover for the remaining markets is: Makakilo, 4.09%; Waipahu, 2.33%; and Mililani, 1.77%.

Contact a Locations Neighborhood Expert today to learn more about the West Oahu real estate market!