Whaler 412, Kaanapali
Maui Condo Market update for South Maui and West Maui: Q3 2026
Aloha! The Maui condo market was busier through the third quarter of 2026 than a year earlier. Closed sales rose in both West Maui and South Maui, with the most activity under $1 million, while median prices eased and marketing times lengthened.
This Maui condo market update compares closed sales from January 1 through September 30, 2026, with the same period in 2025. It covers West Maui and South Maui and nine areas: Kapalua Resort, Napili/Kahana/Honokowai, Kaanapali, Lahaina, Maalaea, Kihei, Wailea and Makena.
Current absorption rates show how much inventory is available relative to the pace of sales and is pulled on 10/8/26.
Key Takeaways: Maui Condo Market Q3 2026
- West Maui condo sales rose 30.1% to 225; the median eased 7.9% to $699,000.
- South Maui condo sales rose 18.0% to 302; the median eased 11.4% to $677,500.
- South Maui has 9.7 months of supply vs. 15.6 in West Maui, making it the more balanced market.
- Makena (4.8 months) and Lahaina (5.4 months) have the tightest condo supply; Kapalua Resort has the most (30.9 months).
- Kaanapali condo sales grew 37.3%, led by the $1–2 million price range.
- The top condo sale was $12,500,000 at The Resort at Kapalua Bay.
West Maui vs. South Maui Condos: How Do They Compare?
Both regions saw more closings and softer medians in 2026. West Maui's condo sales grew faster (up 30.1% vs. 18.0%), but South Maui is the more balanced market: its price per square foot held up better, condos sold about a month faster, and it has roughly 10 months of supply compared with nearly 16 in West Maui.
West Maui Condo Market: Q3 2026
The view from Kapalua Bay Villa 17G1-3
West Maui condo sales rose 30.1% through the third quarter of 2026, to 225 closings from 173, while the median sale price eased 7.9% to $699,000. Total volume rose 4.5% to $210.6 million. Most of the growth came under $1 million, where sales climbed from 115 to 164, and average days on market rose from 145 to 186.
Where is the West Maui condo market now? What is the absorption rate?
West Maui has 15.6 months of condo supply, with 379 active listings. Condos under $1 million move fastest at 13.1 months, while supply lengthens with price: 18.6 months for $1–2 million and 42.0 months for $3–4 million.
Explore West Maui condos for sale →
Kapalua Resort Condo Market
Kapalua Resort condo sales held nearly steady at 17, compared with 18 in 2025, and the median sale price eased 15.8% to $1,350,000. Average days on market rose from 122 to 233. Kapalua also recorded the top condo sale in either region: a 4-bedroom residence at The Resort at Kapalua Bay that closed at $12,500,000.
Where is the Kapalua condo market now? What is the absorption rate?
Kapalua Resort has 30.9 months of supply (54 active listings), the most of any community in this update. The $1–2 million tier, Kapalua's busiest, sits at 27.0 months.
Small sample: read percentage changes in this area as directional rather than a firm trend.
Explore Kapalua condos for sale →
Napili, Kahana and Honokowai Condo Market
Condo sales in Napili, Kahana and Honokowai (Nāpili, Kahana and Honokōwai) rose 32.1% to 107, the most of any West Maui area, and the median eased 11.5% to $540,000. Total volume rose 15.7% to $63.8 million. Leasehold sales rose from 6 to 16 and account for part of the median change, and sellers achieved a 94.2% average sale-to-list ratio.
Where is the Napili, Kahana and Honokowai condo market now? What is the absorption rate?
The corridor has 15.9 months of supply (183 active listings). Under $1 million, where most activity happens, supply is 14.7 months, while the $1–2 million band sits at 66.0 months.
Includes Alaeloa, which the MLS also codes as single-family homes (1 sale in 2025, 3 in 2026).
Explore Napili Bay condos for sale →
Explore Kahana condos for sale →
Kaanapali Condo Market
Kaanapali (Kāʻanapali) condo sales rose 37.3% to 70, the strongest growth among West Maui's resort areas, and the median eased 10.8% to $1,027,500. Total volume climbed 10.6% to $90.8 million. The $1–2 million tier led the gain, rising from 18 to 29 sales.
Where is the Kaanapali condo market now? What is the absorption rate?
Kaanapali has 16.2 months of supply (123 active listings). The $1–2 million tier is the healthiest band at 12.6 months, and 2-bedroom condos move fastest at 12.0 months.
Includes Vintage at Kaanapali, which the MLS also codes as single-family homes (1 sale in 2025, 1 in 2026).
Explore Kaanapali condos for sale →
Lahaina Condo Market
Lahaina condo sales rose 34.8% to 31, and Lahaina is the only West Maui district where the median increased, up 9.6% to $657,500.
Where is the Lahaina condo market now? What is the absorption rate?
Lahaina has the least supply in West Maui at 5.4 months, with 19 active listings. Studios are especially tight at 2.1 months.
Small sample: read percentage changes in this area as directional rather than a firm trend.
Includes Kahoma Village, which the MLS also codes as single-family homes (1 sale in 2025, 3 in 2026).
Explore Lahaina condos for sale →
South Maui Condo Market: Q3 2026
South Maui condo sales rose 18.0% through the third quarter of 2026, to 302 closings from 256, and the median eased 11.4% to $677,500. Total volume rose 3.0% to $355.9 million. Price per square foot held up better than in West Maui (down 7.0% vs. 15.8%), and condos sold faster, averaging 155 days on market.
Where is the South Maui condo market now? What is the absorption rate?
South Maui has 9.7 months of condo supply (323 active listings), well below West Maui. Supply is remarkably even across price points, ranging from 9.0 to 12.0 months in every band.
Explore South Maui condos for sale →
Maalaea Condo Market
Maalaea (Māʻalaea) closed 14 condo sales in both periods, and the median eased 17.9% to $512,500. Seven of this year's 14 closings were leasehold, which lowers the overall price figures.
Where is the Maalaea condo market now? What is the absorption rate?
Maalaea has 13.3 months of supply, with 20 active listings, all priced under $1 million.
Small sample: read percentage changes in this area as directional rather than a firm trend.
Explore Maalaea condos for sale →
Kihei Condo Market
Kihei (Kīhei) is the largest condo market in this update: sales rose 20.0% to 222, and the median eased 11.7% to $596,000. Kihei condos continue to sell close to asking, at 94.9% of list price, with 30 units under contract.
Where is the Kihei condo market now? What is the absorption rate?
Kihei has 9.4 months of supply (232 active listings). Two-bedroom condos are the fastest-moving segment at 7.9 months.
Includes Hokulani Golf Villas, which the MLS also codes as single-family homes (5 sales in 2025, 9 in 2026).
Explore Kihei condos for sale →
Wailea Condo Market
Wailea condo sales rose 9.6% to 57, and the median moved 23.6% to $1,900,000, mostly because more smaller units sold: 1-bedroom sales rose from 7 to 12 while 3-bedroom sales eased from 24 to 19. Price per square foot moved only 4.3%, to $1,568, and days on market improved slightly to 153.
Where is the Wailea condo market now? What is the absorption rate?
Wailea has 10.6 months of supply (67 active listings). One-bedroom condos move fastest at 6.0 months, and supply lengthens steadily with price to 18.0 months above $5 million.
Includes Kanani Wailea, which the MLS also codes as single-family homes (2 sales in 2025, 2 in 2026).
Explore Wailea condos for sale →
Makena Condo Market
Makena (Mākena) condo sales rose from 5 to 9, and total volume more than doubled to $57.0 million. This report counts Makena Surf, Na Hale O Makena, Polo Beach Club and Makena Beach Club & Residences as Makena. The median rose to $4,500,000, led by two 4-bedroom Makena Beach Club & Residences closings above $10 million. Prices at Makena Beach Club & Residences are higher, as both the newness of the development and private club offers extensive amenities drive higher values.
Where is the Makena condo market now? What is the absorption rate?
Makena has just 4.8 months of supply, the least of any community in this update, with 4 active listings.
Small sample: read percentage changes in this area as directional rather than a firm trend.
Explore Makena condos for sale →
Maui Condos vs. Single-Family Homes in 2026
In West Maui, condos and homes moved in opposite directions: condo sales rose 30.1% while home sales eased 10.7%, and condo dollar volume ($210.6 million) now exceeds home volume ($148.5 million). In South Maui, both grew, with home sales up 25.8% and condo sales up 18.0%. South Maui homes have the tighter supply at 7.4 months, compared with 9.7 months for condos. Following MLS coding, communities coded as both homes and condos are included in both sets of figures.
What Does This Mean for Maui Condo Buyers and Sellers?
For buyers, both regions offer more selection and more room to negotiate than a year ago, especially in West Maui and Kapalua Resort. In tighter markets such as Makena, Lahaina and Kihei's 2-bedroom segment, preparation and responsiveness pay off.
For sellers, buyers are active, with 527 condo closings across West and South Maui this year. Pricing to today's closed sales is the clearest path to a successful sale, particularly in West Maui, where sale-to-list ratios have narrowed.
DOWNLOAD THE FULL Q3 2026 REPORT (PDF)
Maui Condo Market FAQ
How is the Maui condo market doing in 2026?
Busier than a year ago. Through September 30, 2026, condo sales rose 30.1% in West Maui (225 sales) and 18.0% in South Maui (302 sales), while median prices eased and condos took longer to sell.
What is the median condo price in West Maui and South Maui?
Through Q3 2026, the median condo sale price was $699,000 in West Maui (down 7.9%) and $677,500 in South Maui (down 11.4%), compared with the same period of 2025.
Which Maui condo market has the least inventory right now?
Makena has the least supply at 4.8 months, followed by Lahaina at 5.4 months. Kapalua Resort has the most at 30.9 months. Figures are as of October 8, 2026.
Is it a buyer's or seller's market for Maui condos?
It varies by area. South Maui, at 9.7 months of supply, is the more balanced market. West Maui, at 15.6 months, gives buyers more selection and room to negotiate, especially above $2 million.
What does months of supply (absorption rate) mean?
It estimates how long current active listings would take to sell at the recent sales pace. This report divides active listings by average monthly closed sales over the trailing 12 months.
Where does this Maui condo data come from?
Realtors Association of Maui MLS data as of October 8, 2026, comparing closed sales from January 1–September 30, 2026, with the same period of 2025.
Read the West Maui Condo Market Update (January–August 2026) →
See all Maui real estate market reports →
Curious What This Means for Your Property or Search?
Every building and price point is experiencing this market a little differently. If you are weighing a sale, evaluating an offer, or searching for the right West Maui or South Maui condominium, I'd be glad to walk through the current data for your building and price range. Reach out anytime at cb@luxuryrealestatemaui.com.
Courtney M. Brown, R(S) 56519 | Island Sotheby's International Realty
Data source: Realtors Association of Maui MLS, data as of October 8, 2026. Closed sales compare January 1–September 30, 2025, with January 1–September 30, 2026. Information is deemed reliable but not guaranteed.
Absorption rate (months of supply): active listings (excluding pending) divided by average monthly closed sales over the trailing 12 months (October 9, 2025–October 8, 2026).
Leasehold sales are priced on the remaining lease interest rather than fee-simple ownership and can appear as outliers at the low end.
Small samples: Kapalua Resort, Lahaina, Maalaea and Makena have fewer than about 30 sales per period. Read percentage changes there as directional. A single sale can dramatically swing averages.
Following MLS coding, a few communities coded as both homes and condos are included in condo figures and noted in each area where they apply.
Posted by Courtney M. Brown on
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