Inventory grows, affordability improves, and buyer activity picks up.
Big Picture: Maui’s Market Finds Its Rhythm
As fall settles in, Maui’s housing market continues its steady rebalancing. Inventory remains elevated and prices have settled into a narrower range for now. Across much of the island, sellers are adjusting expectations while buyers regain confidence, particularly in the condo sector, where pricing has now hovered in the mid-$600,000 range for five consecutive months.
On the ground, we’re seeing more showings than we did over the summer, especially for well-positioned listings. In the condo segment, the median price has hovered within the $600Ks for five straight months.
This consistency suggests that the sharp price corrections seen earlier in 2025 may possibly be leveling off now, while we await news of Bill 9, which has seemed to stall again. The market is finding equilibrium between motivated buyers, realistic sellers, and improved affordability.
Single-Family Homes
The single-family market showed mixed movement in October, with stronger sales volume offset by moderate price softening.
- Median Sales Price: $1,245,000 (–3.1% YoY)
- Average Sales Price: $1.53 million (–19.9% YoY)
- Closed Sales: 64 (+20.8% YoY)
- New Listings: 100 (+12.4% YoY)
- Inventory: 439 (+26.1% YoY)
- Months Supply: 8.0 (+45.5%)
- Days on Market: 138 (–0.7% YoY)
What It Means:
More selection and longer decision cycles, but quality, well-priced homes are still moving. Pricing, presentation, and flexibility in negotiation remain key.
Condominiums
The condo market remains at the center of Maui’s shifting real-estate landscape, likely due to Bill 9 uncertainty. While year-over-year prices show decline, recent data and on-the-ground activity tell a more nuanced story.
- Median Sales Price: $625,750 (–32% YoY)
- Average Sales Price: $936,732 (–20.9% YoY)
- Pending Sales: 68 (+13.3% YoY)
- Closed Sales: 62 (–4.6% YoY)
- New Listings: 138 (+12.2% YoY)
- Inventory: 839 (+21.2% YoY)
- Months Supply: 14.4 (+38.5%)
What It Means:
After months of steady decline, the median condo price has stabilized in the $600K range, suggesting that buyers are calibrating to today’s pricing. We’re seeing renewed touring and inquiries, and pending sales improved, all evidence that demand is responding to better affordability and abundant choice.
Regional Spotlight
Wailea / Makena
The luxury market in Wailea/Makena remains thin in volume but strong in long-term desirability. In October, 9 condo sales closed at a median price of $1,600,000, while 1 single-family home sale with a price of $3,075,000.
While the small number of transactions can skew monthly statistics, the segment continues to attract serious buyers seeking privacy, exclusivity, and resort-level amenities. Buyer activity in Wailea Condos did noticeably improve this month. We’re interested in keeping an eye on the data in this area, to see if it improves as there are several condo properties mentioned in the proposed Exhibit 2 list for Bill 9, possibility granting them Hotel/Resort status, if approved.
Kihei
Kihei continues to be one of Maui’s most active submarkets for both full-time residents and second-home buyers. In October, 16 single-family homes sold with a median price of $1,160,000, while 18 condos sold with a median price of $550,000.
Buyer activity in Kihei improved noticeably this month, aligning with the broader trend of increased showings across South Maui. Inventory growth here is giving buyers more flexibility, while sellers are adjusting pricing to embrace the current market.
What It Means for Sellers
Inventory continues to rise, which means pricing, presentation, and timing are everything. Homes that show well, are competitively priced, and are marketed effectively have a better chance of moving faster than the market average. Flexibility remains key to attracting serious, qualified buyers.
What It Means for Buyers
For buyers, this is the most balanced Maui market in years. Prices have cooled, choices have expanded, and negotiation room has returned. With mortgage rates showing early signs of easing and more listings coming online, patient, well-informed buyers are finding strong opportunities heading into the winter season.
In Summary
October’s data paints the picture of a stabilizing market one where condo prices have found footing within the Median pricing range of $600k, showing activity is improving, and both sides of the transaction are recalibrating expectations, creating windows of opportunity for decisive buyers.
If you’d like to discuss what these trends mean for your property or plans, we’re here to help you navigate Maui’s shifting market with confidence.
With Aloha,
All information taken from Hawaii Information Services, MLS Sales Data and news sources, information shown herein, while not guaranteed, is derived from sources deemed reliable. This Maui real market analysis represents our opinion of Maui Real Estate based on available data and should not be considered financial or legal advice.
