Hawaii Island Real Estate Market Trends: Mid-Year Insights for July 2025
Quick Facts
- Single-family home sales dropped by 12.4% in July compared to June
- Condo sales decreased by 21% year-over-year
- Land sales decreased by 13.7% year-over-year
- North Kona and South Hilo are the top neighborhoods
- The median sales price for single-family homes dropped to $530,000 in July
Hawaii Island Real Estate Market Update: July 2025
As we dive into the latest report from Luva Real Estate, it’s clear that the real estate market on Hawaii Island is experiencing a mix of trends. From single-family home sales to condo and land sales, and even median sales prices, there are some fascinating insights to explore. Let’s take a closer look at what’s happening on the market and what this means for real estate enthusiasts.
Single-Family Home Sales: A Dip in July
According to the report, single-family home sales on Hawaii Island took a slight dip in July. Compared to June, sales dropped from 191 to 162, a decrease of 12.4%. Compared to last year, sales are down 12.4% as well. While this might seem like a concerning trend, it’s essential to understand that the real estate market is subject to fluctuations and seasonality.
North Kona and South Hilo: The Top Neighborhoods
Looking at the numbers, it’s clear that most homes were sold in Puna, North Kona, and South Hilo. Puna took the top spot with 72 sales, followed by North Kona with 21, and South Hilo with 23. These neighborhoods continue to be in high demand, and it’s crucial to understand the unique characteristics that make them attractive to buyers.
Condo Sales: A Slowing Trend
Condominium sales saw a slight decline in July, with sales falling from 43 in June to 42. While this might seem like a small change, it’s significant compared to last year’s sales. Condo sales decreased by 21% year-over-year, with North Kona and South Hilo seeing a decline in sales as well.
Average Days On Market: An Increase for Single-Family Homes
The average days on market for single-family homes increased in July, rising from 55 in June to 71. This suggests that properties are taking longer to sell, which might impact inventory and pricing. However, it’s essential to note that this trend is unique to the single-family home market, and other segments are experiencing different dynamics.
Land Sales: A Shift in the Market
Land sales saw a decline in July, with 137 sales compared to 143 in June. While this is a concerning trend, it’s essential to view this in the context of last year’s sales. Land sales decreased by 13.7% year-over-year, with Puna and North Kona seeing a decline in sales.
Median Sales Price: A Mix of Trends
The median sales price for single-family homes on Hawaii Island dropped from $605,000 in June to $530,000 in July. While this is a significant decrease, it’s essential to note that North Kona saw an increase in prices to $1,150,000, a 25.7% decrease from last July’s $1,548,000. Condo prices rose to $620,000 in July, while land prices decreased to $50,000.
Insights and Trends
As we analyze the latest report, it’s clear that the Hawaii Island real estate market is experiencing a mix of trends. While single-family home sales dipped, condo and land sales showed different dynamics. North Kona and South Hilo remain in high demand, while Puna continues to be a hotspot.
What Does This Mean for Buyers and Sellers?
For buyers, it’s essential to understand the nuances of the market and work with a knowledgeable real estate agent. This might involve looking for properties in areas that are less affected by the current trends, or considering alternative options like condos or land.
For sellers, it’s crucial to understand the current market conditions and price their properties accordingly. This might involve adjusting the asking price, renovating the property to attract buyers, or focusing on marketing campaigns that target the right audience.
Contact your REALTOR for more specific information regarding sales in certain neighborhoods or parts of Hawaii Island!
