2025 Changed the Maui Market
As we close out 2025, the Maui real estate market has clearly transitioned into a more balanced and strategic environment. After several years of extreme conditions, this year brought normalization across pricing, inventory, and buyer behavior. Below is a breakdown of what the year-to-date data is telling us and what it means if you are considering buying or selling on Maui.
Single Family Homes
Single family homes remained the most resilient segment of the Maui market in 2025.
Closed sales totaled 640 homes, representing an 8.3% decrease from last year. Despite fewer transactions, pricing remained remarkably stable. The median sales price came in at $1,290,000, down just 0.8% year over year. The average sales price was $1,778,062, also down 0.8%.
Homes took longer to sell, with average days on market increasing to 137 days, up 10.5%. Sellers received an average of 95.9% of list price, reflecting a shift away from aggressive bidding wars. Housing affordability improved slightly, with the affordability index rising to 32, up 3.2%.
What this means for sellers is that well priced and well prepared homes continued to sell, but buyers were more deliberate and selective. For buyers, 2025 offered more time, more choice, and real negotiating leverage compared to recent years.
Condominiums
The condominium market experienced the most noticeable adjustment in 2025.
Year to date, 622 condos closed, down 22.2% from 2024. Pricing softened meaningfully. The median condo price declined to $695,000, down 22.8%, while the average sales price dropped to $1,118,084, down 22.2%.
Days on market increased to 146 days, up 27.0%, and sellers received an average of 94.8% of list price. Housing affordability improved significantly, with the index rising to 60, up 36.4%.
For sellers, this meant pricing accuracy and transparency were critical, particularly around HOA fees, insurance, and future maintenance. For buyers, 2025 presented some of the strongest condo buying opportunities Maui has seen in years, especially for well researched and strategic purchases.
Vacant Land
Vacant land was the most selective and patience driven segment of the market in 2025.
While the REALTORS Association of Maui does not publish a consolidated year to date land dashboard, transaction data shows that land activity remained slower overall, with buyers taking longer to commit and focusing heavily on feasibility and long term use.
In November 2025, 14 land parcels closed across Maui with a median sales price of $552,500 and total dollar volume of $14.29M. Year to date trends indicate that buyers prioritized parcels with existing water meters, clear access, favorable zoning, and defined development potential.
For sellers, land required a clear narrative, realistic pricing, and strong due diligence materials to attract serious buyers. For buyers, 2025 rewarded patience, careful underwriting, and negotiation.
As we close out 2025, the Maui real estate market has clearly transitioned into a more balanced and strategic environment. After several years of extreme conditions, this year brought normalization across pricing, inventory, and buyer behavior. Below is a breakdown of what the year-to-date data is telling us and what it means if you are considering buying or selling on Maui.
Single Family Homes
Single family homes remained the most resilient segment of the Maui market in 2025.
Closed sales totaled 640 homes, representing an 8.3% decrease from last year. Despite fewer transactions, pricing remained remarkably stable. The median sales price came in at $1,290,000, down just 0.8% year over year. The average sales price was $1,778,062, also down 0.8%.
Homes took longer to sell, with average days on market increasing to 137 days, up 10.5%. Sellers received an average of 95.9% of list price, reflecting a shift away from aggressive bidding wars. Housing affordability improved slightly, with the affordability index rising to 32, up 3.2%.
What this means for sellers is that well priced and well prepared homes continued to sell, but buyers were more deliberate and selective. For buyers, 2025 offered more time, more choice, and real negotiating leverage compared to recent years.
Condominiums
The condominium market experienced the most noticeable adjustment in 2025.
Year to date, 622 condos closed, down 22.2% from 2024. Pricing softened meaningfully. The median condo price declined to $695,000, down 22.8%, while the average sales price dropped to $1,118,084, down 22.2%.
Days on market increased to 146 days, up 27.0%, and sellers received an average of 94.8% of list price. Housing affordability improved significantly, with the index rising to 60, up 36.4%.
For sellers, this meant pricing accuracy and transparency were critical, particularly around HOA fees, insurance, and future maintenance. For buyers, 2025 presented some of the strongest condo buying opportunities Maui has seen in years, especially for well researched and strategic purchases.
Vacant Land
Vacant land was the most selective and patience driven segment of the market in 2025.
While the REALTORS Association of Maui does not publish a consolidated year to date land dashboard, transaction data shows that land activity remained slower overall, with buyers taking longer to commit and focusing heavily on feasibility and long term use.
In November 2025, 14 land parcels closed across Maui with a median sales price of $552,500 and total dollar volume of $14.29M. Year to date trends indicate that buyers prioritized parcels with existing water meters, clear access, favorable zoning, and defined development potential.
For sellers, land required a clear narrative, realistic pricing, and strong due diligence materials to attract serious buyers. For buyers, 2025 rewarded patience, careful underwriting, and negotiation.
What This Means Going Into 2026
2025 was not a downturn. It was a recalibration.
Buyers gained leverage across all segments, particularly in condos and land. Sellers were rewarded for preparation, transparency, and strategic pricing rather than aspirational expectations. As we move into 2026, Maui’s market is healthier, more balanced, and more predictable.
Whether you are considering owning your Maui dream beach house, investing, or securing land for the future, understanding these year to date trends is key to making informed decisions.
If you would like a personalized analysis of your property or buying strategy, contact me at (808)250-7633 or [email protected]
2025 was not a downturn. It was a recalibration.
Buyers gained leverage across all segments, particularly in condos and land. Sellers were rewarded for preparation, transparency, and strategic pricing rather than aspirational expectations. As we move into 2026, Maui’s market is healthier, more balanced, and more predictable.
Whether you are considering owning your Maui dream beach house, investing, or securing land for the future, understanding these year to date trends is key to making informed decisions.
If you would like a personalized analysis of your property or buying strategy, contact me at (808)250-7633 or [email protected]
