Maui Residential Property Market Performance Review for April 2025

New Listings and Inventory

• 91 new listings for single-family homes
• 190 new listings for condominiums, a slight increase compared to the previous month
• Inventory levels for both single-family homes and condominiums saw significant gains, with a 52.5% increase for single-family homes and a 69.8% increase for condominiums

Sales and Median Sales Price

• 69 properties sold in April, representing a 4.2% decrease compared to April 2024
• Condominium sales remained steady, with 64 properties sold in April
• The median sales price for single-family homes continued to rise, reaching $1,380,000 in April, a 6.2% increase compared to the same period last year
• The median sales price for condominiums took a slight dip, decreasing from $822,500 in March to $727,000 in April

Days on the Market

• Average days on the market (DOM) for single-family homes saw a significant increase in April, climbing to 128 days
• Condominium DOM also rose, increasing from 145 days in March to 146 days in April

Maui Real Estate Market Update: April 2025

As we welcome the start of a new month, the Maui real estate market continues to evolve, presenting both opportunities and challenges for buyers and sellers alike. In our latest market update, we’ll dive into the key trends and statistics that shaped the April 2025 market.

New Listings and Inventory

In April, the number of new listings for single-family homes and condominiums remained steady. We saw 91 new listings for single-family homes and 190 new listings for condominiums, a slight increase compared to the previous month. Inventory levels for both single-family homes and condominiums saw significant gains, with a 52.5% increase for single-family homes and a 69.8% increase for condominiums. This surge in inventory is a welcome development for buyers who have been struggling to find their ideal property.

Sales and Median Sales Price

In April, the sales landscape on Maui was characterized by a decrease in single-family home sales, with only 69 properties sold. This represents a 4.2% decrease compared to April 2024. Condominium sales, on the other hand, remained steady, with 64 properties sold in April. While this is an increase of 4 more properties compared to March, it’s still a 40.7% decrease compared to the same period last year.

The median sales price for single-family homes continued to rise, reaching $1,380,000 in April, a 6.2% increase compared to the same period last year. For condominiums, the median sales price took a slight dip, decreasing from $822,500 in March to $727,000 in April. This represents a 24.5% decrease compared to the same period last year.

Days on the Market

The average days on the market (DOM) for single-family homes saw a significant increase in April, climbing to 128 days. This represents a 26.7% increase compared to April 2024. Condominium DOM also rose, increasing from 145 days in March to 146 days in April. This represents a 15.9% increase compared to the same period last year.

Market Insights and Analysis

The Maui real estate market is showing signs of adjusting to the changing conditions. The decrease in sales and median sales price for condominiums may be attributed to the shifting demand and supply dynamics. However, the surge in inventory and rise in median sales price for single-family homes indicate that the market is still strong.

As we move forward, it’s essential to monitor these trends and be prepared for any changes that may impact the market. At Luva Real Estate, we’re committed to staying informed and adapting to these shifts to ensure our clients receive the best possible guidance and support.