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Maui Real Estate Market Update – September 2025

By Benjamin Finnerty, REALTOR® | The 808 Team, Keller Williams Realty Maui

What’s happening in the Maui market right now?

Maui’s real estate market continues to shift in favor of buyers, with prices easing and inventory expanding across both homes and condos.

According to the latest report from the REALTORS® Association of Maui (RAM), median prices dropped in both segments, while available listings climbed sharply compared to last year .

Let’s break down what that means for you.

Single-Family Homes: Prices Down, Supply Up

In September 2025, Maui recorded:

• New listings: ↓ 4.5%

• Pending sales: ↓ 6.3%

• Closed sales: ↑ 7.7%

• Median price: $1,292,500 (↓ 9.5% YoY)

• Average price: $1,763,585 (↓ 14.8%)

• Inventory: ↑ 23.7%

• Months supply: ↑ 38.6%, now at 7.9 months

That means more homes are available, and they’re taking slightly longer to sell — 127 days on average, up 10%.

It’s still a stable market, but buyers have more negotiating power, and sellers need sharper pricing to stay competitive.

Condominiums: The Big Shift

Condos saw a stronger correction than homes:

• New listings: ↑ 33.0%

• Pending sales: ↑ 7.7%

• Closed sales: ↓ 11.8%

• Median price: $655,000 (↓ 33.8%)

• Average price: $965,351 (↓ 12.4%)

• Inventory: ↑ 19.0%

• Months supply: ↑ 38.3%, reaching 14.8 months

Days on market dropped slightly to 126, suggesting that well-priced units — especially in Kihei and Wailea — are moving.

This price correction is significant; in some cases, condos are selling at 2021 levels. For savvy investors or second-home buyers, it’s the first clear window of opportunity we’ve seen in years.

All Properties Combined: A Market Rebalancing

When we look at all properties together:

• New listings: ↑ 14.5%

• Median price: $957,500 (↓ 17.7%)

• Closed sales: ↓ 1.8%

• Inventory: ↑ 16.7%

• Affordability Index: ↑ 19.4%

That means Maui is entering a more balanced phase — neither strongly favoring buyers nor sellers, but providing opportunities on both sides.

What This Means for Buyers and Sellers

For Buyers:

This is the best selection we’ve had in several years. Inventory is up, prices have softened, and interest rates have stabilized slightly. Buyers who stay proactive can secure properties at favorable prices — especially in the condo market.

For Sellers:

Homes are still selling, but pricing and presentation matter more than ever. Properties that align with market realities are the ones getting offers, while overpriced listings linger.

Final Thoughts

The Maui market is adjusting after several years of record highs.

As a Top REALTOR® on Maui, I’ve helped clients secure Kihei Villages and Kihei Kai Nani condos at 2021 prices — proof that the right timing and preparation can still unlock great value.

If you’re considering buying, selling, or investing, reach out anytime. I’ll help you interpret the trends and create a strategy that fits your goals.  Reach out to work with one of Maui's Best REALTOR® Benjamin Finnerty.

📞 Call or text: (808) 481-9748

📧 Email: benjamin@the808team.com

🌐 Visit: https://benjamin.the808team.com