Hawaii Island Real Estate Market Performance Review for March 2025
Quick Facts
- Single-family home sales on Hawaii Island jumped from 138 in February to 154 in March, representing a 20% increase from the previous year.
- Condo sales experienced a slight increase, rising from 45 to 52, but with an overall trend of a 10% decrease compared to last year.
- Land sales on Hawaii Island showed a modest increase, rising from 161 to 162 units.
- The median sales price for single-family homes on Hawaii Island rose to $630,000 in March, up from $574,250 in February.
Single-Family Home Sales on the Rise
According to the latest report, single-family home sales on Hawaii Island jumped from 138 in February to 154 in March, representing a 20% increase from the previous year. This surge in activity is a welcome sign for the local real estate market, indicating a strong demand for homes in the area.
Condo Sales Show Mixed Results
While condo sales experienced a slight increase, rising from 45 to 52, the overall trend was a 10% decrease compared to last year. This dip may be attributed to the ongoing fluctuations in the global economy and the impact of the pandemic. North Kona, however, remains a hotspot for condo sales, with 30 units selling in March alone.
Land Sales Remain Steady
Land sales on Hawaii Island showed a modest increase, rising from 161 to 162 units. While this may not seem like a significant jump, it represents an 8.5% decrease from last year’s numbers. Puna, in particular, saw a significant number of land sales, indicating a potential growth area for developers and homeowners alike.
Average Days on Market
In March, single-family homes spent an average of 69 days on the market, down from 77 days in February. This downward trend is a positive sign, indicating that homes are selling at a faster pace. North Kona, with an average of 46 days on market, remains one of the fastest-moving areas in the region. Condos and land listings, however, took longer to sell, with average days on market of 82 and 104, respectively.
Median Sales Price
The median sales price for single-family homes on Hawaii Island rose to $630,000 in March, up from $574,250 in February. This increase is a testament to the region’s continued appeal to buyers. North Kona experienced a significant increase in median sales price, jumping to $1,525,000. Condo prices, however, took a dip, with the median sales price falling to $632,000. Land prices remained steady, rising slightly to $43,750.
Insights and Recommendations
As the real estate market continues to evolve, it’s essential to stay informed and adapt to changing trends. As your trusted REALTOR, we offer the following insights and recommendations:
- For buyers: Consider working with a reputable REALTOR to find the perfect property. We can help you navigate the market and find the best deals.
- For sellers: Pricing is crucial in today’s market. Make sure to work with a real estate expert to ensure your property is competitively priced.
- For investors: Look for emerging trends and areas of growth, such as Puna and North Kona, to capitalize on future potential.
Contact Us
For more specific information regarding sales in certain neighborhoods or parts of Hawaii Island, please don’t hesitate to contact us. We’re here to help you every step of the way.
Read the Full Report
For a comprehensive look at the Hawaii Island real estate market, download our March 2025 report.
Explore More Luva Blogs
Stay up-to-date with the latest news, trends, and insights from the world of Hawaii Island real estate. Visit our blog to learn more about the market and how it affects you.
