April 2025 📊 Maui Real Estate Market Report

Steady Growth Amid Mixed Signals

Maui marked its third consecutive month of increasing home sales, signaling continued recovery from the slower start we saw earlier this year. While the island’s real estate market is showing signs of resilience, trends vary notably between single-family homes and condominiums.

Single-Family Homes: Growth with Caution

Sales of single-family homes rose by 20 transactions in April, with Kahului and Pukalani leading the way. Year-over-year, median prices are up 6%, and Pukalani now stands as the most affordable market area, with a median price of $1.1 million. Although pricing trends remain favorable to sellers, homes are taking longer to sell, with the average days on market rising to 97. This shift makes it especially important for sellers to price thoughtfully and remain patient.

Condos: High Inventory and Hesitant Buyers

The condominium market continues to face headwinds. Compared to April 2024, sales are down 36% and median condo values have declined by 25%. Elevated inventory, combined with ongoing uncertainty around short-term rental policies—particularly the Minatoya List debate—is dampening buyer confidence. Many of Maui’s condos cater to the vacation rental market, and for those exploring investment opportunities, it’s worth noting that breaking even may require a 50% down payment or more.

Outlook

While the market remains active, it’s still too early to predict a clear direction. Buyer confidence and evolving policy discussions will be key influences in the months ahead. If you’re considering buying or selling, having a thoughtful strategy tailored to current conditions is more important than ever.