As we move through the summer, Hawaiʻi’s real estate market continues to normalize after several years of rapid appreciation and limited inventory. Across the islands, we’re seeing a healthier balance between buyers and sellers, more inventory in many markets, and continued strength in desirable lifestyle and luxury communities.
Compared to this time last year, Hawaiʻi’s overall housing market remains resilient. Statewide, median single-family home prices increased approximately 8%, while median condo prices rose approximately 3%. Sales activity has been mixed across the islands, with some markets experiencing increased transaction volume while others have seen a slower pace of sales. Overall, buyers are benefiting from more choices, while well-positioned properties continue to attract strong interest.
While each island continues to tell its own story, Hawaiʻi real estate remains remarkably resilient.
Oʻahu
Median Home Price: Approximately $1.24M–$1.28M Median Condo Price: Approximately $528,000
Sales Activity: Sales remained steady during the quarter, with single-family home sales slightly lower than last year while condo sales continued to improve.
Luxury Market: Luxury sales above $2M remained strong, particularly in Kailua, Lanikai, Kāhala, Diamond Head, and Hawaiʻi Loa Ridge. The median luxury home price was approximately $2.95M.
What This Means for Buyers & Sellers: Well-priced homes continue to attract strong interest, while buyers are benefiting from increased inventory and more balanced market conditions.
Maui
Median Home Price: Approximately $1.395M Median Condo Price: Approximately $640,000
Sales Activity: Sales activity strengthened during the quarter, with both home and condo sales showing improvement over last year.
Luxury Market: Wailea and Mākena continue to lead Maui’s luxury market. Luxury home sales maintained strong demand with a median price of approximately $2.65M, while the average single-family home sale price reached approximately $1.95M.
What This Means for Buyers & Sellers: Buyers have more choices than they did a year ago, but desirable homes and resort properties continue to command strong prices.
Hawaiʻi Island
Median Home Price: Approximately $600,000 Median Condo Price: Approximately $750,000
Sales Activity: Inventory increased during the quarter, creating more opportunities and negotiating power for buyers while maintaining stable pricing.
Luxury Market: The Kohala Coast remains exceptionally strong. Luxury properties over $3M achieved a median sales price of approximately $8.75M. Mauna Kea, Hualālai, and Kohanaiki continue to attract buyers seeking resort living, privacy, and lifestyle amenities.
What This Means for Buyers & Sellers: The Big Island continues to offer some of the best value in Hawaiʻi, especially for those seeking more land, privacy, and space.
Kauaʻi
Median Home Price: Approximately $1.5M–$1.6M Median Condo Price: Approximately $1M
Sales Activity: Sales activity softened during the quarter, though inventory remained limited and buyer demand continued to support pricing.
Luxury Market: Oceanfront and resort-area properties continue to attract affluent buyers, particularly on the North Shore and South Shore.
What This Means for Buyers & Sellers: Despite a slower pace of sales, Kauaʻi remains one of Hawaiʻi’s most supply-constrained markets, helping support long-term property values.
My Take
As I reflect on this quarter, I’m reminded that real estate is about so much more than statistics and market trends. It’s about people, families, new beginnings, and sometimes significant life transitions.
While the market continues to evolve, one thing remains constant: Hawaiʻi is a special place to call home. Whether you’re buying, selling, investing, or simply staying informed, I’m grateful for the opportunity to be a resource and guide along the way.
Mahalo for your continued trust, support, and referrals. It is truly a privilege to help you, your family, and friends with your real estate needs.
Wishing you a wonderful summer.
Sources & Market Data References
Market statistics and analysis were compiled from the following sources:
- Honolulu Board of REALTORS® (HBR) Monthly Market Reports
- Hawaiʻi REALTORS® Statewide Market Reports
- Locations Hawaiʻi Housing Market Reports
- MLS data through June 2026
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