The Mililani real estate market continues to be one of the strongest and most stable on Oahu heading into 2026. With high demand from both local buyers and military families relocating to the island, home prices remain competitive while inventory stays tight. Here is what buyers and sellers need to know about the Mililani housing market right now.

Current Market Overview

As of early 2026, the median home price in Mililani sits around $850,000 to $950,000 for single-family homes. Townhomes and condos in the area typically range from $450,000 to $650,000 depending on size, condition, and location within the community. These prices reflect a steady increase over the past several years driven by limited inventory and strong buyer demand.

Homes in Mililani typically spend 15 to 30 days on market before going under contract, which is faster than the Oahu average. Well-priced properties in desirable sections of Mililani Mauka or near top-rated schools often receive multiple offers within the first week.

What Is Driving Demand

Several factors make Mililani one of the most sought-after communities on Oahu. Top-ranked public schools attract families who want quality education without the cost of private school. The central location provides reasonable commute times to both Honolulu and the North Shore. The master-planned community layout with parks, recreation centers, and shopping creates a self-contained lifestyle that appeals to a wide range of buyers.

Military families stationed at Schofield Barracks and Wheeler Army Airfield also drive significant demand. Mililani is one of the closest quality suburban neighborhoods to these installations, and many military families use their Basic Allowance for Housing to purchase homes here.

Inventory and Competition

Inventory remains low in Mililani compared to buyer demand. New construction is limited because most of the community is already built out. This means resale homes make up the vast majority of available properties. Buyers should be prepared to act quickly and come in with strong offers including pre-approval letters and competitive pricing.

For sellers, the low inventory environment means well-maintained homes can command premium prices. Properties that are updated and show well tend to sell at or above asking price.

Interest Rates and Affordability

Mortgage interest rates in 2026 have stabilized compared to the volatility of previous years. Most buyers are seeing rates in the mid-6 percent range for conventional loans. VA loans continue to offer zero down payment options for eligible military buyers, making Mililani an especially attractive option for service members.

First-time buyers should explore Hawaii Housing Finance and Development Corporation programs that offer down payment assistance and below-market interest rates for qualifying borrowers.

Neighborhood Price Comparisons

Mililani Town homes tend to be slightly more affordable than Mililani Mauka due to the age of the housing stock. Mililani Mauka homes were built more recently and often feature larger lots and more modern floor plans, which commands a price premium. Launani Valley, located adjacent to Mililani, offers some lower-priced options for buyers looking to stay in the area on a tighter budget.

Outlook for the Rest of 2026

Experts expect the Mililani market to remain stable through 2026 with modest price appreciation. The combination of limited inventory, strong demand, and desirable community amenities supports continued growth. Buyers who are on the fence should consider entering the market sooner rather than later, as prices are unlikely to decrease significantly in this area.

Ready to buy or sell in Mililani? Contact Kristy & Austin at (808) 829-6819 or visit kahomegroup.com for a personalized market analysis and expert guidance.