Maui Real Estate Market Insights: January 2025 Review
Table of Contents
- Quick Facts
- New Listings and Inventory
- Sales Activity
- Days on Market
- Median Sales Price
- Insights and Analysis
- What This Means for Homebuyers and Sellers
Quick Facts
Maui Real Estate Market Insights: January 2025 Review
Maui Real Estate Market Update: January 2025
As we welcome the new year, it’s essential to stay informed about the latest trends and statistics in the Maui real estate market. In our January 2025 report, we’ll dive into the latest numbers and insights to help you navigate the market with confidence.
New Listings and Inventory
In January 2025, there were 102 new listings for single-family homes and 164 new listings for condominiums. Compared to the same period last year, this represents a 6.4% decrease for single-family homes and an 8.6% increase for condominiums. Inventory levels also saw significant growth, with a 78.9% increase for single-family homes and a 164.0% increase for condominium homes.
Sales Activity
Last month, there were 58 single-family homes sold, which is a 2-unit increase from the previous month. Compared to January 2024, this represents a 1.8% increase. For condominiums, there were 53 units sold, which is no change from the previous month. Compared to January 2024, this represents a 43.0% decrease.
Days on Market
The average days on market for single-family homes decreased in January to 119 days, marking a 3.5% increase from January 2024. For condominiums, the average days on market increased to 140 days in January, representing an 81.8% increase from the same period last year.
Median Sales Price
The median sales price for single-family homes on Maui was $1,187,500 in January 2025, down from $1,374,238 the previous month. This represents a decrease of 11.6% from January 2024. For condominiums, the median sales price decreased from $860,000 in December to $675,000 in January, representing a 15.6% decrease from the same period last year.
Insights and Analysis
The data suggests that the Maui real estate market is experiencing a slight adjustment after a strong 2024. While new listings and inventory levels have increased, sales activity has slowed down, particularly in the single-family home market. The decrease in median sales price for both single-family homes and condominiums may indicate a more balanced market, with buyers having more negotiating power.
What This Means for Homebuyers and Sellers
As a buyer, it’s essential to be patient and persistent in your search for the right property. With more inventory available, you may be able to find a property that meets your needs and budget. On the other hand, as a seller, it’s crucial to be realistic about the current market conditions and price your property competitively to attract potential buyers.
