Greetings and welcome to another edition of your insightful monthly Maui real estate update! Every month, we break down the most recent data and help decipher the most important numbers. February 2025 was a quiet month for Maui real estate, with total sales dropping to levels last seen in May 2020 at the onset of the COVID-19 pandemic.
The market saw 25 fewer listings than the previous month. Despite the slowdown, the pace of sales remains steady at around 100 days, while median prices continue to hold at recent levels. Inventory levels indicate a shift in market dynamics, with six months of supply for single-family homes—signifying a balanced market—and 14 months supply for condos, placing them firmly in a buyer’s market.
Market Activity by Maui Region
Compared to February 2024, the North Shore of Maui saw a noticeable spike of sales activity, up a staggering 167%. Now when we frame this number with the other mainly residential regions of our island — Upcountry and Central Maui — this increase is even more noteworthy, as those regions saw total sales drop by 19% and 40% respectively, versus the same time frame last year.
South Maui and West Maui
As for the two main resort areas on island there are a few main data points that stick out from this month’s report. The one that probably stands out the most is median sales price, especially in West Maui. Compared to just last month, January 2025, condos sold for about 40% more. Single-family homes saw an even more drastic increase from last month, selling for about 75% more. As for South Maui, activity for single family homes has nearly drawn to a stand still. Total sales were down 69% year over year, to just 5 recorded transactions all month. Furthermore, properties are staying on market longer than ever, up 140%—averaging nearly 8 months on market.
Maui Residential Sales in February 2025
With reduced sales activity, market statistics are experiencing greater fluctuations. In February, the median sales price jumped to $1,395,000, approaching the record high. Despite this increase, 60% of properties sold for less than their original list price. Among these properties, the average sales price was 11% below list price, or approximately $270,000. Serious buyers are still active, with one in four properties selling above list price in most market areas.
Newly Listed Homes on Maui
Here is a recap of the 5 latest residential listings that have come on the market in the last week.
122 KA DR
1605 PIIHANA RD
50 KAALELE PL
533 MIKIOI PL UNIT 2
66 MOANA AVE LOT 64
Maui Condo Sales in February 2025
Maui’s luxury condo market was alive in February, with half of all condos selling for over $1,000,000. Leading the way were a quartet of West and South Maui condos: Kai Malu, Kaanapali Ali’i, Whaler I and Mahana. A deeper dive into the market reveals that the median price for Maui short term vacation rental condos was around $950,000. The average days on market were 137 for vacation rentable condos, and 99 for condos that are only eligible for long term rentals (6 month minimum).
Recently Listed Condos on Maui
Browse to see the 5 latest listings for Maui condos for sale that have come on the market in the last week.
130 KAI MALINA PKWY #113
2737 S KIHEI RD #239
173 HOLOKAHIKI LN #10B
145 N KIHEI RD #311
130 KAI MALINA PKWY #222
Final Thoughts for February 2025
February’s quieter market underscores a clear bifurcation in Maui real estate: a balanced single‑family home segment contrasts sharply with a buyer‑favored condo market, while luxury vacation properties continue to command premium pricing. Despite lower transaction volumes, rising median prices signal resilient demand—especially in West Maui—tempered by growing inventory. As we move into spring, motivated sellers and discerning buyers alike can expect continued opportunity amid a market that’s finding its new equilibrium.
Contact a Maui Real Estate Specialist
Yes we will always be your trusted advisor in the real estate market. But it’s so much more than that! A REALTOR should be that professional who recognizes their role in supporting your wealth building and preservation. Helping to magnify wealth is one of the core values of The Sayles Team; a set of guiding principles for how we serve our clients at the highest level.
As experts in the field, we are constantly learning. This is all about providing guidance, making the wisest choices for the future. If someone you care about needs such guidance or recommendations, please share our contact information. We would be honored to help them! As ever, we are here to provide resources. Reach out today for your up to date, in-depth market analysis or an evaluation of your property’s value.
Aloha,
Dano Sayles R(B)
808-870-4899