Hawaii Island Real Estate Market Performance Review for June 2025
Quick Facts
18% increase in single-family home sales compared to last June
30% increase in condo sales compared to last June
25% increase in land sales price compared to last year
Hawaii Island Real Estate Market Update: June 2025
The month of June has brought a surge in the sale of single-family homes on Hawaii Island, with a notable 18% increase compared to last June. According to the latest report, the number of single-family homes sold rose from 175 in May to 189, marking a significant milestone in the island’s real estate market.
Number of Sales
In June, the sale of single-family homes rose from 175 in May to 189, with the majority being sold in Puna, North Kona, and South Hilo. This increase is a promising sign for the market, indicating a growth in demand for single-family homes. On the other hand, condo sales decreased from 48 in May to 43, but still managed to show a 30% increase from last June. North Kona saw a notable increase in condo sales, with 26 units sold, which is up from last June.
Land sales, however, took a slight dip from 148 in May to 139 in June, but remained unchanged from last year’s numbers. Puna accounted for 94 of these land sales, indicating a strong demand for land in this area.
Average Days on Market
Single-family homes averaged 55 days on the market, down from 57 days in May and 64 days last year. This decrease in days on market suggests that homes are selling faster than before, which can be attributed to the increased demand and supply. North Kona saw an average of 41 days on market, slightly up from 38 days last year. Condo listings averaged 74 days, down from 76 days in May but up from 50 days last year. Land listings were on the market for 103 days, an increase from 79 days in May and 72 days last year.
Median Sales Price
The median sales price for single-family homes on Hawaii Island rose to $608,500 in June, up from $550,000 in May. North Kona saw a notable increase, with a median sales price of $1,322,500, marking a 19% rise compared to the previous year. Condos had a median sales price of $575,000, down from $816,000 in May. However, South Kohala’s condos emerged as the most expensive, with a median price of $1,500,000. North Kona condos, on the other hand, decreased to $585,000 from $650,000 in May and from $592,000 last June. Land sales saw a median price drop to $55,000, but still managed to show a 25% increase from last year’s numbers of $40,000.
Insights and Recommendations
As the market continues to evolve, it’s essential to stay informed and adjust your strategies accordingly. If you’re considering buying or selling a property on Hawaii Island, it’s crucial to work with an experienced REALTOR who has in-depth knowledge of the local market.
Get in Touch with Luva Real Estate
If you’re interested in learning more about the Hawaii Island real estate market or would like to receive more specific information regarding sales in certain neighborhoods or parts of the island, please don’t hesitate to contact our expert REALTORS team. We’re always here to help you navigate the market and achieve your real estate goals.
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