🌺 Maui Real Estate Market Update – May 2025 📉

Understanding the current market so you can make informed decisions

The Maui real estate market is showing a noticeable shift as we head into summer. Higher mortgage rates and general economic uncertainty have led many buyers to take a more cautious approach, and we’re seeing properties sit longer while more listings come to market. This increase in inventory—especially at the lower price points—is giving buyers more options and more room to negotiate.

Here’s a breakdown of what’s happening across the island:

Island-Wide Trends

• Single-Family Homes: The median price held steady at $1.3M. On average, sellers received 96% of their list price.

• Condos: Prices dipped a bit, with a new median of $760K. Only 3% of condo sales closed over asking, showing a softening in this segment.

• Land: Very little activity in May, with just three recorded sales across the island.

Days on market have continued to rise, with most properties averaging over 100 days before going under contract. This is another clear sign that we’re in a more buyer-friendly environment right now.

Regional Highlights

• South Maui (Wailea, Kihei): Strongest volume for condos with 38 sales, but prices dropped 41% compared to May 2024.

• West Maui (Lahaina, Kaanapali, Napili): Limited activity—only three single-family sales—but a big jump in median price to $3.3M (a 63% increase).

• Central Maui (Kahului, Wailuku): Balanced activity in homes, condos, and land. A relatively stable pocket in the market.

• North Shore / Upcountry (Haiku, Makawao, Kula): Fewer transactions and some price drops. A slower month overall.

• East Maui (Hana and surrounding areas): Just three home sales, but a sharp increase in median price to $1.5M.

What This Means for Buyers & Sellers

Right now, we’re clearly in a buyer’s market. More inventory, longer days on market, and softening prices mean opportunity for those who have been waiting for the right time. For sellers, strategic pricing, thoughtful presentation, and strong marketing are more important than ever.

Whether you’re actively in the market or just keeping an eye on things, understanding these shifts can help you make the most informed decisions—whether that’s making a move, preparing for a sale, or simply staying connected to what’s happening.

Want to know what this means for your specific neighborhood or property?

I’m always happy to offer a personalized market snapshot, talk through next steps, or just be a resource as you plan ahead. No pressure—just good information when you need it.