Maui Real Estate Market Update – August 2025: A Return to Normal
Balanced conditions emerge across Maui’s housing market as single-family homes hold steady and condos reach new affordability levels.
August is traditionally one of the slower months for Maui’s real estate market, and this year was no exception. The island’s housing activity reflected a steady pause — not a downturn — as both buyers and sellers adjusted to a more balanced pace following the rapid market conditions of the past few years.
Single-Family Homes: Buyers Regain Their Leverage
The single-family home market remained stable in August, showing little to no month-over-month change. While the average days on market extended to around 125 — matching levels last seen before the pandemic’s real estate surge — this shift simply signals a healthier, more sustainable market.
Buyers are beginning to regain leverage, with most homes selling about 5% below list price. However, well-presented and properly priced properties continue to move quickly. In today’s Maui market, understanding each neighborhood’s unique appeal — from Kihei to Kula — is key to achieving success whether you’re buying or selling.
Condominiums: Market Finds Its New Floor
The condo market continues to experience headwinds. Median sales prices have dropped to their lowest level since August 2021, as sales volume slows and listings spend more time on the market. Higher carrying costs and ongoing uncertainty surrounding the Minatoya list — which affects condo eligibility, financing options, and buyer confidence — remain significant factors.
If mortgage rates continue to ease in the months ahead, we may begin to see stabilization in the condo sector as affordability and buyer sentiment improve.
What This Means for Maui Buyers and Sellers
While some may view the slower pace as discouraging, the truth is that Maui’s market is normalizing after years of extraordinary activity. For sellers, strategic pricing and standout presentation matter more than ever. For buyers, this environment offers new opportunities to negotiate and secure properties that might have been out of reach just a year ago.
Let’s Navigate This Market Together
Every neighborhood on Maui tells its own story — and having a local expert by your side makes all the difference.
If you’re thinking about buying or selling on Maui, contact Riette Jenkins today for personalized guidance, current data insights, and a clear strategy tailored to your goals.
Riette Jenkins
REALTOR® Broker | RB-17543
Managing Director of Global Luxury
Coldwell Banker Island Properties
