Hawaii Island Residential Market Trends: April 2025 Assessment

Quick Facts

• Single-family home sales decreased by 17% in April compared to last year.
• Condo sales dropped by 38% compared to last year.
• Land sales showed a slight decline in April.
• The average days on market for single-family homes decreased to 63 days.
• Median sales price for single-family homes fell to $600,000.

Hawaii Island Real Estate Market Update: April 2025

As the spring season settles in, the real estate market on Hawaii Island is showing signs of adjustment in response to changing market conditions. In this report, we’ll dive into the key trends and statistics for single-family homes, condos, and land sales, as well as median sales prices and average days on market. We’ll also look at the top-performing neighborhoods and provide insights for buyers and sellers navigating the current market.

Single-Family Home Sales

In April, single-family home sales took a slight dip, declining from 187 in March to 151. Compared to the same period last year, this represents a 17% decrease. Despite this decrease, single-family home sales remain a strong sector in the Hawaii Island real estate market.

When we drill down into the numbers, we see that most single-family homes sold in Puna (59), followed closely by North Kona (26) and South Hilo (22). As we analyzed the numbers further, we noticed that condos also saw a decrease in sales, falling from 52 in March to 48 in April. This represents a 38% decline compared to last year’s 78 sales.

Land Sales

Land sales also saw a slight decline in April, dropping from 165 in March to 162. However, this decrease is relatively minimal, and land sales remain a vital part of the Hawaii Island real estate market.

Interestingly, Puna saw a significant increase in land sales, with 95 sales in April. This could be attributed to the ongoing development of the region and increasing interest in parcels of land for residential and commercial use.

Average Days on Market

When we looked at the average days on market for single-family homes, condos, and land, we noticed some interesting trends.

For single-family homes, the average days on market decreased from 72 in March to 63 in April. This is comparable to last year’s average of 64 days. North Kona, in particular, saw a significant increase in average days on market, with properties taking 93 days to sell on average.

Condos, on the other hand, took an average of 80 days to sell in April, down from 82 days in March but still longer than last year’s average of 40 days.

Land listings averaged 95 days on the market in April, a decrease from 106 days in March and comparable to last year’s average of 94 days.

Median Sales Prices

In April, the median sales price for single-family homes on Hawaii Island fell to $600,000, down from $630,000 in March. Condo prices also decreased, dropping to $582,500 from $632,000 in March.

North Kona, however, saw a significant drop in median price, falling to $547,500 from $695,000 in March and $775,000 last April.

Land prices, surprisingly, rose slightly to $54,875 in April, a 12.5% increase from last year’s $48,750.

Insights for Buyers and Sellers

As we analyze these numbers, some key takeaways emerge for buyers and sellers:

Buyers: Be prepared to act quickly, as the market is still competitive. Consider working with a reputable REALTOR to stay informed about market trends and new listings.

Sellers: Highlight the unique features of your property, and be prepared to negotiate. With prices decreasing in some areas, now may be an excellent time to list your property.

Whether you’re a buyer or seller, it’s essential to stay informed about the changing market trends and statistics. At Luva Real Estate, we’re committed to providing you with the latest insights and expert advice to help you navigate the Hawaii Island real estate market.

Contact your REALTOR today to learn more about sales in specific neighborhoods or areas of Hawaii Island. We’re here to help you achieve your real estate goals.