Maui Housing Market Trends and Insights: March 2025 Review

Quick Facts

• 105 new single-family home listings in March, a 0.9% decrease from last year
• 149 new condominium listings, a 15.3% decrease from last year
• 70.5% increase in single-family home inventory
• 131.3% increase in condominium inventory
• 49 single-family homes sold, a 35.5% decline from last year
• 60 condominiums sold, a 36.2% decline from last year
• Average days on the market for single-family homes decreased to 125 days
• Average days on the market for condominiums increased to 145 days
• Median sales price for single-family homes decreased to $1,295,000
• Median sales price for condominiums decreased to $822,500

Maui Real Estate Market Update: A Deep Dive into March 2025

As we welcome the new season, the Maui real estate market is shifting, and it’s essential to stay informed. In our latest report, we’re diving into the key statistics and trends that define the market in March 2025. Whether you’re a homeowner, investor, or simply interested in the real estate landscape on the island, this update will provide you with valuable insights to help you navigate the market.

New Listings and Inventory

In March, we saw a decrease in new listings compared to the same period last year. For single-family homes, there were 105 new listings, representing a 0.9% decrease from the previous year. Condominium listings also decreased, with 149 new listings, a 15.3% decrease from March 2024. While these numbers might initially seem concerning, it’s crucial to consider the bigger picture.

On a more positive note, inventory levels have seen significant increases. Single-family homes have experienced a 70.5% jump, while condominium inventory has grown by 131.3%. This surge in listings will likely provide more options for homebuyers and sellers alike, making the market more competitive.

Sales and Market Performance

In March, 49 single-family homes were sold, a decrease of 1 from the previous month. When compared to March 2024, this represents a 35.5% decline. For condos, there were 60 sales, a 10-unit increase from February. Although this is a mixed sign, it’s essential to take into account the seasonal fluctuations in the market. Comparing these numbers to March 2024, we see a 36.2% decline in condo sales.

Average Days on the Market

The average days on the market for single-family homes has decreased to 125 days, a 17.8% decrease from March 2024. This indicates that homes are selling faster, making it a more competitive market. The average days on the market for condos, however, increased to 145 days, a 70.6% increase from the same period last year. This might be attributed to seasonal fluctuations and the need for sellers to price their properties competitively.

Median Sales Prices

The median sales price for single-family homes has decreased marginally to $1,295,000, a 0.3% decline from the previous month and a 0.3% decrease from March 2024. For condominiums, the median sales price decreased from $945,000 in February to $822,500 in March, a 36.8% decrease from the same period last year.

In summary, the Maui real estate market is experiencing a mixed bag in March 2025. While there are decreases in new listings and sales, inventory levels have increased, and average days on the market are decreasing for single-family homes. The key takeaway is that the market is evolving, and it’s crucial to stay informed to make informed decisions.

Whether you’re a homeowner, investor, or simply interested in the Maui real estate market, we’re here to guide you through the ever-changing landscape. Stay tuned for our future updates and insights, and don’t hesitate to reach out to our team for personalized advice.