Maui Residential Property Market Insights: February 2025 Analysis
Quick Facts
Maui Residential Property Market Insights: February 2025 Analysis
Maui Real Estate Market Update: February 2025
As we welcome the new year, the Maui real estate market is showing signs of a slow but steady recovery. In this update, we’ll dive into the latest numbers and trends, giving you a comprehensive overview of the Maui real estate market in February 2025.
New Listings and Inventory
In February 2025, there were 98 new listings for single-family homes and 142 new listings for condominiums. This represents an increase of 4.3% for single-family homes and a decrease of 7.8% for condos compared to this same time last year. Inventory levels have also seen a significant boost, with a 71.4% increase for single-family homes and a 167.3% increase for condominiums.
Sales and Pricing
February saw 48 single-family homes sold, 10 less than the prior month. When compared to February 2024, this represents a decrease of 22.6%. On the other hand, 50 condos were sold last month, just 3 fewer than in January. Compared to this time last year, sales for condos decreased by 23.1%.
The median sales price for single-family homes in February was $1,395,319, up from $1,187,500 in the prior month. This represents a 9.7% increase compared to February 2024. The median sales price for condos increased from $675,000 in January to $945,000 in February, representing a 27.7% increase compared to this same time last year.
Days on Market
The average days on the market for single-family homes increased to 126 days in February, up from 123 days in January. This represents a 3.1% increase compared to February 2024. For condominiums, the average days on the market decreased from 140 days in January to 132 days in February, representing an 85.9% increase compared to this same time last year.
What Does it Mean for Buyers and Sellers?
So, what does this mean for buyers and sellers in the Maui real estate market? For buyers, this may be an opportune time to get into the market, with more inventory available and a slight decrease in prices. However, with interest rates rising, it’s essential to carefully consider your options and work with a reputable real estate agent.
For sellers, the increased inventory and slower sales pace may indicate a need to price their property competitively and consider staging and renovations to attract potential buyers.
At Luva Real Estate, we’re committed to providing expertise and guidance to help you navigate the Maui real estate landscape. Whether you’re a buyer, seller, or simply looking for insight, we invite you to explore our blog for in-depth analysis and local market updates.
