June 2025 Maui Real Estate Market Update

Maui Real Estate Market Update: June 2025

The June 2025 real estate statistics for Maui have arrived, showcasing a dynamic market with significant shifts worth exploring. Whether you're a buyer, seller, or investor, understanding these changes is key to making informed decisions.

Overall Market Snapshot

The market has experienced notable adjustments, especially in median sales prices, inventory levels, and sales velocity. Overall, median home prices across all property types decreased dramatically by 27.5% compared to last year, landing at $939,250. Additionally, inventory surged by 25.2%, giving buyers significantly more options.

Single-Family Home Market

For single-family homes, the median price dipped by 5.7%, now at $1,315,000. However, interestingly, the average sales price rose sharply by 32.9% to approximately $2.2 million, indicating strong activity in higher-priced home sales. Inventory for single-family homes also increased notably, up by nearly 26%, suggesting greater negotiating power for buyers.

Condominium Market Insights

The condominium sector saw substantial changes, with median prices falling significantly by 28.6% to $700,000. The market experienced fewer luxury sales, evident in the average sales price dropping 6.6% to about $1.3 million. Notably, the condominium market inventory surged by 30%, with months of supply increasing by over 57%, clearly signaling a strong shift towards a buyer’s market.

Regional Highlights

• Kihei continues to thrive, particularly appealing to buyers seeking a balance between luxury and affordability. The median price for single-family homes in Kihei remains robust at $1.85 million, while condos maintain a competitive median at $780,000.

• Wailea/Makena remains focused on luxury properties with median condo prices holding strong around $2.16 million, though with fewer transactions compared to previous periods.

Days on Market & Buyer Advantage

Homes are staying on the market longer—now averaging 134 days overall—up by 2.3%. This trend, combined with increased inventory, provides buyers additional leverage during negotiations. Sellers may need to adjust expectations regarding timeframes and pricing strategies.

What Does This Mean for You?

If you're considering entering the market, the current conditions provide unique opportunities:

• Buyers: With increased inventory and declining median prices, you can find greater variety and stronger negotiation positions.

• Sellers: Be prepared for a competitive market. Accurate pricing and marketing strategies are essential to attract buyers quickly.

• Investors: Look for emerging opportunities, especially in condominiums and high-end homes that offer significant value compared to previous years.

Conclusion

June 2025's real estate statistics clearly signal a shifting landscape on Maui, highlighting critical insights for savvy market participants. Whether you’re buying, selling, or investing, understanding these trends ensures you stay ahead in the competitive Maui real estate market.

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