August 2025 Maui Real Estate Market Update: Two Markets, Two Stories

Maui’s housing market is telling two very different stories right now. On one side, single-family homes are still commanding strong prices, even as they linger longer before finding a buyer. On the other side, the condo market is shifting firmly into buyer territory, with softer prices, more choices, and plenty of room to negotiate. Whether you’re buying, selling, or just keeping an eye on the market, August’s update gives us a clear picture of where the opportunities — and challenges — lie.

Quick Take

• Single-family homes: Median price $1,315,000 (+9.6% YoY). Listings and sales are up a bit, but homes are sitting longer — 173 days on market, a big jump from last year.

• Condos: Median price $675,000 (–15.5% YoY). Fewer sales, fewer listings, but much more inventory — 15.2 months supply, up over 40%, which tips the scales toward buyers.

What’s Happening in the Market

July’s stats highlight the split: single-family homes are resilient, while condos are adjusting downward. Buyers now have more leverage, and sellers need to adapt.

Here’s why:

• Higher borrowing costs mean buyers aren’t rushing — they’re being picky.

• Inventory growth is giving buyers choices we haven’t seen in years.

• Single-family homes are supported by primary residents and lifestyle buyers.

• Condos are facing more hurdles: policy changes, short-term rental discussions, and shifting investment priorities.

The result? A market that rewards buyers in some areas and demands savvy strategy from sellers across the board.

Single-Family Homes — Strong but Slower

• New Listings: 97 (+5.4% YoY)

• Closed Sales: 60 (+5.3% YoY)

• Median Price: $1,315,000 (+9.6% YoY)

• Days on Market: 173 (+45.4% YoY)

• Inventory: 443 (+23.7% YoY)

• Months Supply: 7.9 (+36.2% YoY)

Takeaway: Homes aren’t flying off the market, but the right ones are still getting strong offers. Buyers now have breathing room — gone are the days of feeling forced to write an offer within 24 hours. For sellers, pricing and presentation are everything. If your home is well-prepared and priced correctly, you’ll still see great results.

Condos — Buyer’s Advantage

• New Listings: 123 (–14.6% YoY)

• Closed Sales: 53 (–20.9% YoY)

• Median Price: $675,000 (–15.5% YoY)

• Days on Market: 145 (–0.7% YoY)

• Inventory: 871 (+20.0% YoY)

• Months Supply: 15.2 (+42.1% YoY)

Takeaway: This is the most buyer-friendly segment we’ve seen in years. With more options and longer days on market, condo buyers have the upper hand. That means room to negotiate on price, terms, or even seller-paid credits. For sellers, the key is realistic pricing from day one. Overpricing will lead to extended time on market and steeper discounts later.

Lifestyle Factor: Why Buyers Still Love Maui

It’s worth remembering why Maui continues to attract both local buyers and mainland transplants. Life here isn’t just about a property — it’s about lifestyle. From morning walks on Wailea’s beaches to dinner overlooking the Kāʻanapali sunset, owning property here means more than square footage. That emotional draw helps keep single-family homes resilient even when national markets are cooling.

Condos, especially in resort zones, often double as lifestyle investments. With today’s pricing shift, buyers who have been waiting for the right entry point may find 2025 is their chance.

What Buyers Should Do

• For condos: Take advantage of leverage. Ask for price reductions, closing credits, or even seller help with interest rate buydowns.

• For single-family homes: Focus on well-located properties with strong fundamentals. The best ones still move quickly, so act decisively when you find a good fit.

• For both: Work with a local lender. Having financing ready puts you in a stronger position when you’re ready to write.

What Sellers Should Do

• Price smartly. Today’s buyers have options, and overpriced listings sit.

• Showcase your property. Staging, high-end photography, and professional marketing make a difference.

• Be flexible. Incentives like credits or repairs can attract buyers who are on the fence.

Looking Ahead

• Expect longer days on market to continue.

• Single-family prices should remain stable where inventory is balanced.

• Condo prices may keep softening in areas with abundant supply.

The bottom line? It’s not a bad market — it’s a smarter market. Buyers have more choice, and sellers who adapt are still closing strong deals.

Want a Custom Market Snapshot?

Every neighborhood tells its own story. Wailea is different from Kīhei, which is different from Upcountry. If you’re thinking of buying or selling, I can provide a custom report showing exactly what’s happening in your micro-market, including days on market, price ranges, and negotiation trends.

Call/Text: 808-344-3584
Email: Todd@the808team.com
Website: The808Team.com

See What’s Available

Browse Maui’s current single-family homes and condos for sale here: Single Family Homes & Condo's