The latest numbers are in, and the Maui Real Estate Market continues to shift, reflecting trends we’ve been watching unfold over the past few months. Whether you’re considering buying a home on Maui or selling your property, understanding these shifts is key.
Here’s what the latest data from February 2025 from the REALTORS® Association of Maui tells us. Rising inventory, fluctuating prices, and extended days on market are defining this landscape, creating opportunities for buyers and new challenges for sellers.
Notably, condo prices saw a surprising rebound this month, jumping 27.7% to a median price of $945,000. Meanwhile, single-family home inventory rose 58%, giving buyers more options while increasing competition for sellers. As we move further into 2025, understanding these shifts will be key to making informed real estate decisions.
Condo Market Trends: Prices Rise While Inventory Grows
One of the most unexpected trends this month is the 27.7% increase in Maui’s median condo price, reaching $945,000. This sharp rise follows months of declining prices, signaling that while inventory remains high, buyers are stepping in—particularly in desirable areas like Kihei, which saw the most condo sales.
- ✅ Inventory remains elevated – Condo inventory is still high, which means buyers have options and negotiating power.
- ✅ Kihei leads in sales – Kihei had 20 condo sales, making it the most active Maui Real Estate Market.
- ✅ Luxury segment remains strong – Wailea/Makena condos continue to command the highest median price at $3,175,000.
While prices rebounded this month, the overall market remains buyer-friendly, especially in mid-tier and investment property segments. Buyers should still take advantage of available inventory before interest rates and demand shift again.
Single-Family Home Market: More Inventory, More Competition
The single-family home market continues its shift, with inventory rising 58% year-over-year. While this increase isn’t as sharp as last month’s numbers, it solidifies a trend toward a less competitive market for buyers and a more strategic game for sellers.
- ✅ Median home prices held steady around $1,300,000, showing no drastic shifts month-over-month.
- ✅ Homes are taking longer to sell, with average days on market climbing to 126 days.
- ✅ Wailuku recorded the most home sales, with 8 transactions at a median price of $1,395,319.
For buyers, this means more choices and more negotiating power. For sellers, it underscores the need for competitive pricing and strong marketing strategies to stand out.
Luxury Market: Strong Prices, but Listings Are Sitting Longer
The luxury market in Wailea/Makena remains a top-tier destination, but many high-end properties are taking longer to sell. While prices are holding, the increased inventory means that ultra-high-end buyers have more leverage than they’ve had in years.
- ✅ Wailea/Makena remains the highest-priced area for condos with a $3,175,000 median sale price.
- ✅ Luxury homes continue to attract buyers, but many listings are spending more time on the Maui Real Estate Market before selling.
If you’re considering selling a luxury property, strategic pricing and presentation will be crucial in this evolving market.
📊 View the Full February 2025 Market Report
30 Interesting Takeaways from Feb 2025 Maui Real Estate Market Data
Market Trends & Pricing:
- ✅ Median sales price for single-family homes increased by 9.7% to $1,395,319.
- ✅ Median sales price for condos jumped 27.7% to $945,000.
- ✅ Average sales price for single-family homes rose 9.1% to $1,888,218.
- ✅ Average sales price for condos saw a 31.3% increase to $1,358,680.
- ✅ Housing affordability is declining, with the affordability index dropping 6.5% for single-family homes and 20.8% for condos.
Inventory & Supply:
- ✅ Inventory of single-family homes increased 58.0%, providing buyers with more options.
- ✅ Inventory of condos surged 97.9%, indicating a shifting market dynamic.
- ✅ Months supply of inventory increased 71.4% for single-family homes and 167.3% for condos, signaling a shift toward a buyer’s market.
Maui Real Estate Market Activity & Sales:
- ✅ New listings for single-family homes rose 4.3%, while condo listings declined 7.8%.
- ✅ Pending sales for single-family homes decreased 11.3%, and for condos, they dropped 38.7%.
- ✅ Closed sales for single-family homes declined 22.6%, while condos saw a 23.1% drop.
- ✅ Days on market for single-family homes remained steady, averaging 126 days.
- ✅ Days on market for condos rose 85.9%, now averaging 132 days.
- ✅ Buyers are negotiating more aggressively, with the percentage of list price received dropping to 94.6% for condos and 97.8% for single-family homes.
Regional Market Insights:
- ✅ Wailea/Makena remained the highest-priced area for condos, with a median price of $3,175,000.
- ✅ Kihei had the most condo sales, with 20 units sold at a median price of $670,000.
- ✅ Wailuku led single-family home sales, with 8 transactions at a median price of $1,395,319.
- ✅ West Maui areas like Kaanapali and Napili/Kahana/Honokowai saw limited single-family sales.
- ✅ Makawao/Olinda/Haliimaile saw one of the biggest increases in single-family home sales, with 7 sales at a median price of $1,250,000.
Impact of Interest Rates & Economic Conditions:
- ✅ Rising mortgage rates and economic uncertainty continue to affect market demand.
- ✅ More buyers are waiting for price corrections before making purchases.
- ✅ The luxury market remains strong, but many high-end properties are sitting on the market longer.
- ✅ Investment buyers are being more cautious, leading to fewer quick sales.
Maui Real Estate Market Outlook for Buyers & Sellers:
- ✅ The Maui market is stabilizing, shifting from the rapid price increases of previous years.
- ✅ Cash buyers continue to dominate in the high-end market, reducing competition for those using financing.
- ✅ Vacation rental-friendly properties remain in demand, but regulation changes could impact future investments.
- ✅ Despite market fluctuations, Maui real estate continues to be a strong long-term investment.
What This Means for Buyers & Sellers
Maui’s housing market continues to adjust, and both buyers and sellers should take note of what’s happening now to make the best decisions.
For Buyers:
✅ More inventory, more negotiating power. With rising inventory in both single-family homes and condos, buyers can take their time and find the right property.
✅ Condo prices rebounded—will they hold? If you’ve been waiting to buy a condo, now is the time to watch the market closely.
✅ Luxury buyers have an edge. If you’re in the high-end market, now is an excellent time to negotiate favorable terms.
For Sellers:
✅ Pricing is key. Overpricing can result in longer days on market and potential price reductions down the line.
✅ Competition is rising. With more properties hitting the market, standing out requires the right marketing strategy and expert representation.
✅ Luxury sellers must be patient. Higher-end homes are moving, but timelines are longer than in previous years.
Final Thoughts: What’s Next for Maui Real Estate Market?
Maui’s housing market isn’t slowing down—it’s shifting. Rising inventory, rebounding condo prices, and longer sales cycles are shaping the next phase of 2025’s real estate landscape.
Whether you’re buying or selling, having a clear strategy is more important than ever. As Maui’s only “Top 100 State of Hawaii Realtor” for 17 consecutive years and among Maui’s Top 3% of agents in production, we bring the market insight, experience, and negotiation expertise needed to navigate these changes.
📩 Thinking about buying or selling? Let’s connect and discuss how to make this market work for you.
With Aloha,
All information taken from Hawaii Information Services, MLS Sales Data—information shown herein, while not guaranteed, is derived from sources deemed reliable. This market analysis represents our opinion based on available data and should not be considered financial or legal advice.
