Tag Archives: market statistics

Hawaii Real Estate Market Update: June 2025 

Posted on by

As 2025 draws to a close, Hawaii’s real estate market is still developing, exhibiting both resiliency and regional differences among the islands. With some markets recovering and others adapting to post-pandemic and economic reality, the most recent statewide housing statistics for June 2025 provide insightful information about movements in single-family homes and condominiums.

A Mixed Bag of Sales Activity Overall
Hawaii’s June real estate sales increased 15.6% year over year, with 587 single-family house transactions, up from 508 in June 2024. Condominium sales increased little from 476 to 480 deals (+0.8%), but otherwise stayed largely same.

Single-Family Houses on the Island (June YoY):

18.1% increase on Hawaii Island (189 vs. 160)

Kauai: Huge increase of 87.0% (43 versus 23)

Maui: A 1.5% drop (66 vs. 67)

Oahu: Significant 12.0% growth (289 vs 258)

Condos on the Island Breakdown (June YoY):

30.3% increase on Hawaii Island (43 vs. 33)

Kauai: decline of 20.7% (23 vs 29)

5.1% drop in Maui (56 vs. 59)

Oahu: A marginal 0.8% rise (358 vs 355)

While Kauai’s condo market shrank, indicating a change in consumer preferences, the island’s single-family market performed exceptionally well, almost doubling sales volume.

đź’° Median Sales Prices: Some Islands’ Corrections
Even though there was an increase in sales activity in several places, median sales prices—especially in the Maui market—are beginning to change.

Median prices for single-family homes (June YoY):

Maui: $700,000 -28.6% of $980,000

Kauai: $715,000 -16.4% less than $855,000

$575,000 ↑ from $552,000 (+4.2%) on Hawaii Island

Oahu: $510,000 -3.8 percent of $530,000

Median Prices for Condos (June YoY):

Maui: $1.315M (-5.7%) less than $1.395M

Kauai: $1.175M + 7.6% from $1.092M

Hawaii Island: $608,500 (-3.1%) less than $627,775

$1.125M ↑ from $1.120M (+0.4%) on Oahu

The single-family home market on Maui saw the biggest correction, with median prices dropping by about 29%. This could indicate that the market is cooling or rebalancing following years of sharp appreciation. Condos on Oahu and Kauai, however, continue to fetch high premiums, suggesting that there is still a desire for such areas.

Hawaii Market Update October 2024

Posted on by

Hawaii Real Estate Market Summary

Explore Hawaii’s real estate market? Oahu, Big Island, Kauai, and Maui single-family home and condominium trends are summarized here.

On Oahu, single-family homes average $1.4 million in list price and sell for $1.3 million. The highest transaction was $14.5 million, and houses sold in 17 days.

Condominiums: List prices average $655,700, with sales prices at $642,800. The top condo sale was $4.9 million, and the average days on market is 25.

The average list price of single-family homes on Big Island is $798,100, but the average sales price is $1.1 million, showing high demand. The biggest transaction was $54.5 million, and residences average 60 days on the market.

Condominiums: Big Island condos average $935,200 list price and $915,200 closing price. Condos listed for 63 days and sold for $4.8 million.

Kauai Single Family Homes: Listings average $1.8 million and sell for approximately $1.7 million. The market averaged 55 days and the highest selling was $6.5 million.

Condominiums: Average list price is $945,000, selling for $901,900. The highest condo sale was $2.5 million, with a 70-day average.

Maui’s single family home market is top-tier, with an average list price of $2.1 million and a sales price of $2 million. Property listings last 144 days, and the top selling was $26.5 million.

Condominiums: Listings and sales average $1.2 million. Average market duration is 139 days, while the most expensive condo transaction was $7.1 million.

Each Hawaiian island has a unique real estate market, from luxurious homes to tranquil condos. The market has something for every buyer, from Oahu’s quick speed to Maui’s high-end, slower turnover.

Thank you Title Guaranty Hawaii for the information.

September Market Statistics

Posted on by

All Hawaiian islands have seen significant real estate market movements. From Maui’s luxury residences to Kauai’s stunning scenery, the market is showing a complex mix of growth, losses, and big price revisions. This year’s performance by region:

Maui Market Statistics:

Single-Family Homes:
Total Sales: 580 properties, up 0.5% from previous year.
Median Sale Price: $1,300,000, up 8.7%.
Sales rose 1.4% to $1,042,117,942.
Condominiums:
Total sales fell 10.1% to 679 units.
Median Sale Price: $900,000, up 9.1%.
Sales volume rose 16.1% to $1,018,536,964.
Vacant Land:
Total sales: 144 items, 14.3% higher.
An astounding 33.4% increase in median sale price: $902,501.
Total Sales: $283,084,001, up 72.3%.

Oahu Market Data:

Single-family homes:
Sales rose 1.9% to 2,210 properties.
Median Sale Price: $1,100,000, up 6.8%.
Sales rose 5.5% to $2,991,846,111.
Condominiums:
Sales fell 5.7% to 3,466 units.
The median sale price rose 1% to $510,000.
Total Sales: $2,100,169,518, down 7%.
Vacant Land:
Total sales: 53 parcels, down 23.2%.
The median sale price rose 4.7% to $890,000.
Total sales fell 35.3% to $76,100,999.

Big Island Market Statistics:

Single-Family Homes:
The number of residences sold rose 1.3% to 1,509.
Median Sale Price: $549,150, up 9.8%.
Sales rose 28.3% to $1,576,940,292.
Condominiums:
Total sales fell 10.9% to 442 units.
Median Sale Price: $680,000, up 14.5%.
Sales volume rose 10.4% to $523,486,621.
Vacant Land:
Total sales: 1,373 lots, down 9.9%.
Median Sale Price: $46,000, up 12.2%.
Sales volume fell 4.3% to $244,118,554.

Kauai Market Statistics:

Single-Family Homes:
There were 284 home sales, a 37.9% increase.
Median Sale Price: $1,400,000, up 21.7%.
Sales volume rose 78.3% to $605,555,821.
Condominiums:
Total sales fell 7.2% to 219 units.
The median sale price rose 8.4% to $769,000
Total sales fell 2.4% to $209,756,653.
Vacant Land:
Total sales: 83 parcels, up 1.2%.
Median Sale Price: $774,500, down 12.7%.
Sales volume rose 5.2% to $101,759,305.

Single-family home and land sales have increased on Maui and the Big Island, but Oahu and Kauai have had mixed results. Condo sales have slowed on the islands, but prices are rising due to island living demand. Maui’s unoccupied land sales volume rose 72.3%, driving up prices.

Thank you to Title Guaranty Hawaii for providing the information. Stay tuned for market insights and updates!

Hawaii Real Estate Statistics January 2024

Posted on by

Here is an overview of the real estate market statistics for January 2024 by island:

Oahu Real Estate Market Statistics:

Single-Family Homes: There were 190 transactions in this market, and the average time a home was listed was 29 days. The median sales price was $1,010,000, little less than the average asking price of $1,300,000. This category had a total dollar volume of about $249.34 million.

Condos: In the condominium market, 294 properties were sold, with an average listing period of 30 days. The median sales price was $500,000. The average asking price was $602,100. Condo sales brought in a total of almost $174.18 million.

Land: Only 9 transactions totaled in land sales, but the median price was substantially higher at $1,420,000, resulting in a total dollar volume of $16.18 million.

This image shows a healthy Oahu real estate market, with single-family homes leading the way in terms of volume and median sales price, followed by land and condominiums.

Big Island Real Estate Market Statistics:

Single-Family Homes: There were 157 transactions, and the average time spent on the market was 52 days. The median sales price was significantly lower at $499,000. The average list price was set at $1,100,000. About $160.65 million was the overall dollar volume for single-family dwellings.

Condos: There were 32 sales in the condominium market, with an average of 48 days on the market. Condos had an average list price of $770,800, but a higher median sales price of $608,500 was seen. This category had a total dollar volume of about $24.33 million.

Land: With 141 transactions, there were more sales of land. With a median sales price of $45,500, land had a relatively low dollar volume of $27.76 million when compared to the other categories.

In contrast to single-family homes, which have fewer sales, condominiums have a higher median sales price, suggesting a broad real estate market with a considerable amount of land transactions at lower values. In terms of dollar volume, the single-family house market seems to be the biggest.

Kauai Real Estate Market Statistics:

Single-Family Homes: A total of 29 sales occurred, with an average of 67 days spent on the market. With a median sales price of $1,430,000, the average asking price was a significant $2,600,000. $72,323,710 was the total dollar volume for single-family dwellings.

Condos: There were 16 sales of condominiums in the market, with an average of 40 days on the market. Condos had an average list price of $1,500,000, and a median sales price of $992,500, which was almost a million dollars. Condos had a total dollar volume of $23,324,900.

Land: The total dollar volume of $10,136,855 was generated by 9 land sales at a median price of $1,046,855.

According to this statistics, single-family homes on Kauai appear to be priced higher than other property types and have longer days on the market. While land sales were rare but had high median prices, condominiums sold more quickly and in smaller quantities.

Maui Real Estate Market Statistics:

Single-Family properties: An average of 116 days were spent on the market before 56 properties were sold. The median sales price was somewhat lower at $1,322,691 than the average asking price of $1,600,000. About $87.8 million was the overall dollar volume for single-family dwellings.

Condos: The average days on market for condominiums was 138, despite having 92 sales. $1,200,000 was the average list price, and $795,000 was the median sales price. Condo sales reached a total monetary volume of approximately $108.85 million.

Land: A total of $78.41 million in dollars were exchanged for 25 sales of land, with a high median price of $1,700,000.

This suggests that Maui’s real estate market is active and has substantial sales volumes in every category. Despite being on the market for a longer period of time, condominiums brought in the most money, with single-family homes coming in second and land coming in third with fewer sales but higher median values.