A major new mixed-use development may be on the horizon for the Ala Moana neighborhood. Honolulu developer Kobayashi Group has unveiled early plans for a project called 1588 Ala Moana that would blend luxury hospitality, market-rate homes and much-needed affordable rentals.

The Oahu real estate market, which has remained steady throughout 2025, is experiencing a slight lift heading into the end of the year. For the past few months, prices have been elevated, while sales outperformed the typical seasonal trend. For-sale inventory is also decreasing—unusual for the fourth quarter of the year.

Living in Hawaii is a privilege. The natural beauty, ocean breezes and outdoor lifestyle are unmatched. In order to preserve our island environment for future generations, it’s become increasingly important to adopt sustainable practices in our homes. Fortunately, many of the new condominium developments on Oahu were built with sustainability in mind.

Think Oahu single-family homes under $500,000 don’t exist anymore? Think again! From cozy starter homes to fixer-upper opportunities, we’ve rounded up five single-family homes under $500,000 that are worth a closer look. Whether you’re buying your first home or investing in a rental property, these properties prove that owning a piece of Oahu is still possible!