Hawaii Island Real Estate Market Performance Report: January 2025 Insights
Hawaii Island Real Estate Market Performance Report: January 2025 Insights
Quick Facts
- Single-family home sales take a slight dip
- Condo sales up 18.75% year-over-year
- Land sales down 16.75% year-over-year
Hawaii Island Real Estate Market Update: January 2025
As we kick off the new year, it’s essential to stay informed about the current state of the Hawaii Island real estate market. Our January 2025 report provides valuable insights into the local market trends, helping you make informed decisions about buying or selling your property.
Single-Family Home Sales Take a Slight Dip
In January 2025, single-family home sales on Hawaii Island saw a slight decline compared to December 2024, with 168 sales recorded. This drop is attributed to a decrease in sales in Puna, North Kona, and South Hilo. Puna led the sales with 65 homes sold, followed by North Kona with 38 and South Hilo with 16.
Average Days on Market and Median Sales Price
When it comes to average day on market, single-family homes saw a remarkable decrease to 60 days, down from 87 in December 2024. However, this number is still higher than last year’s average of 52 days.
In term of median sales price, single-family homes on Hawaii Island experienced a notable increase to $595,500, up from $502,500 in December 2024. North Kona saw a decrease in median sales price to $1,275,750, which is 4% lower than last year.
Regional Insights
When analyzing the data regionally, we noticed some interesting trends:
- Puna led single-family home sales with 65 homes sold, indicating the area’s continued popularity.
- North Kona saw an increase in average days on market to 44, likely due to a decrease in inventory.
- South Hilo recorded the highest number of median sales price, reaching $595,500.
- Condo sales in North Kona experienced a significant increase, making it an attractive option for buyers.
What This Means for Homebuyers and Sellers
So, what does this data mean for homebuyers and sellers on Hawaii Island?
Buyers may feel a slight sense of relief with the drop in single-family home sales, potentially giving them more negotiating power. Sellers should consider pricing their properties competitively to attract buyers. Condo buyers may want to take advantage of the current surge in prices, especially in North Kona.
Contact Us
At Luva Real Estate, we’re here to help you navigate the market with expertise and guidance. Contact us today to learn more about the latest sales and trends on Hawaii Island.
