Maui Real Estate Statistics: May 2025

Each month, the Realtor's Association of Maui publishes updates on the Maui real estate market. 

The Maui Real Estate Report for the month of May, 2025 notes:

U.S. existing-home sales dipped 0.5% month-over-month and 2.0% year-over-year to a seasonally adjusted annual rate of 4.00 million units, according to the National Association of REALTORS® (NAR). Sales increased in the Midwest, decreased in the West and Northeast, and were unchanged in the South. Year-over-year, sales were down in every region except the Northeast.

New Listings decreased 9.9 percent for Single Family homes and 33.9 percent for Condominium homes. Pending Sales decreased 16.7 percent for Single Family homes but increased 14.8 percent for Condominium homes. Inventory increased 38.5 percent for Single Family homes and 37.8 percent for Condominium homes.

Median Sales Price increased 0.4 percent to $1,300,000 for Single Family homes but decreased 10.3 percent to $762,500 for Condominium homes. Days on Market increased 40.8 percent for Single Family homes and 38.0 percent for Condominium homes. Months Supply of Inventory increased 58.0 percent for Single Family homes and 73.0 percent for Condominium homes.

There were 1.45 million units actively for sale heading into May, a 9.0% increase from the previous month and a 20.8% improvement from the same time last year, for a 4.4-month supply at the current sales pace, according to NAR. The median existing-home price edged up 1.8% year-over-year to $414,000 as of last measure, the 22nd consecutive month of annual price increases and a new record high for the month.

MAUI HOMES: ACTIVE LISTINGS, PENDING SALES, AND SALES*

Active Listings: 392 homes from $250,000 for a home in Kula with a life estate deed to $38,000,000 for nine parcels in Makawao.  There are currently 2 homes on a parcel so it is listed in MLS as homes, but also includes vacant land, with the potential ability to be divided into 21 lots (potential for 42 homes subject to county approvals).  This is followed by an oceanfront home listed for $31,000,000 on Keawakapu Beach.
Pending: 114 homes from $419,000 for a home in Keanae to $16,900,000 for an oceanfront home in Kahana, West Maui.
Sold (2025): 282 homes from $450,000 for the sale of a home between family members in Wailuku to $25,500,000 for a home on Keawakapu Beach which sold at auction.  This was $19,500,000 less than the owners paid for it in 2021, when it recorded for $45,000,000.  The median sale price is $1,367,000 and the average is $1,984,300.

MAUI CONDOS: ACTIVE LISTINGS, PENDING SALES, AND SALES 

Active Listings:  816 condos listed from $149,000 for a condo in Kahului to $15,500,000 for a condominium residence at Makena Surf
Pending: 72 condos pending, ranging from $194,000 for a condo in Kahului to $3,900,000 condo at Lai Loa in Wailea
Sold (2025): 306 condos listed from $190,000 for a condo in Kahului to $13,500,000 for a condominium residence at Makena Golf & Beach Club in Makena

This continued increase in listing inventory is likely attributed to high interest rates, the local and US economy, and more specifically, the proposed changes to Maui County's Short Term Rental rules and regulations.  

MAUI LAND: ACTIVE LISTINGS, PENDING SALES, AND SALES 

Active Listings (up since last month): 139 parcels from $295,000 in Haiku to $38,000,000 for 9 lots covering 258 acres up in Makawao
Pending: 29 lots from $389,000 in Haiku to $10,500,000 for a 5 parcels sold together totaling 40.25 Upcountry 
Sold (2025): 61 parcels which sold anywhere from $20,000 for a driveway lot in West Maui to $10,900,000 for a Kaanapali beachfront lot located on Kai Ala Place.

*Molokai and Lanai are not included in the above-written summaries, although they are a part of Maui County.  This data is taken from the MLS on the date of this post was written, 6/6/25

Read the full report and see how it compares to prior years here: Maui Real Estate Statistics