Maui Real Estate Market Trends: May 2025 Overview

Quick Facts

109 new listings for single-family homes and 146 new listings for condominiums.

Maui Real Estate Market Update: May 2025

As we dive into the latest real estate market update for Maui, we’re excited to share some key insights and trends that can help you navigate the current market. In this article, we’ll breakdown the latest numbers and provide our expert analysis to give you a better understanding of what’s happening in the Maui real estate market.

New Listings and Inventory

In May, there were 109 new listings for single-family homes and 146 new listings for condominiums. Compared to this same time last year, that’s a decrease of 9.9% for single-family homes and a decrease of 33.9% for condos. However, inventory increased 58.0% for single-family homes and 73.0% for condominium homes. This indicates that while the number of new listings is down, the length of time properties are staying on the market is increasing.

Sales Activity

In May, there were 55 single-family homes sold, which is 14 fewer homes than the prior month. Compared to May 2024, this represents a decrease of 26.7%. For condos, there were 64 units sold, which is no change from the number of condos sold in April. Compared to this time last year, this represents a decrease of 16.9%.

Average Days on Market

The average days on the market for single-family homes increased in May to 145 days, which is an increase of 40.8% compared to May 2024. For condos, the average days on the market decreased from 146 days in April to 138 days in May, which represents an increase of 38.0% compared to this same time last year.

Median Sales Price

The median sales price for single-family homes on Maui was $1,300,000 in May, which is slightly down from the prior month when the median sales price was $1,380,000. This represents an increase of 0.4% compared to May 2024. For condos, the median sales price increased from $727,000 in April to $762,500 in May, which represents a decrease of 10.3% compared to this same time last year.

Market Insights

So, what does it all mean? In simple terms, the Maui real estate market is experiencing a slowdown, particularly in the single-family home market. While new listings are down, inventory is increasing, and the length of time properties are staying on the market is getting longer. For condos, sales activity is relatively flat, and the median sales price has decreased compared to last year.

However, it’s important to note that these trends may be seasonal, and the market can be influenced by various factors such as interest rates, economic conditions, and global events. As local real estate experts, we’re committed to staying up-to-date on these trends and providing you with the most accurate and timely information.

What’s Ahead?

As we move into the summer months, we can expect to see more activity in the market, particularly as summer travelers and families start to plan their vacations and transitions. We may also see an increase in new listings as homeowners take advantage of the seasonal boost.

At Luva Real Estate, we’re here to help you navigate the ever-changing real estate landscape. Whether you’re buying, selling, or staying informed, we’re committed to providing you with the best possible service and guidance. Stay tuned for our next market update, and don’t hesitate to reach out to us for any real estate questions or concerns.