Molokai Market Snapshot – May 2025

Heading into summer, the Molokai real estate market is sending a few mixed signals. Some parts of the market are heating up, while others are slowing down, which might be just the opening some buyers or sellers have been waiting for.

Here’s a quick breakdown of what’s happening across the island:

Single Family Homes

• Market Type: Neutral
• What’s Happening: 4 homes sold in May, a big jump from just 1 sale the month before
• Prices: The median sold price climbed to $593K, up nearly 12% from April
• Inventory: 19 active listings with 4.8 months of inventory, right in neutral territory
• What It Means: Homes are holding their value, and demand is there, but with properties now sitting an average of 170 days on the market, buyers may be taking more time to decide

Condos

• Market Type: Buyer’s Market
• What’s Happening: No condos closed in May. 🦗🦗🦗
• Inventory: Still high at 54 active listings, with 54 months of inventory based on closed sales
• Prices: No new sales = no updated sold prices, but list prices are trending down
• What It Means: If you’re a buyer, you’ve got options, and possibly some negotiating room. With this much inventory and no recent closings, sellers may be more open to offers than before

Vacant Land

• Market Type: Buyer’s Market
• What’s Happening: Just 1 land sale recorded in May, same as last year
• Prices: Median and average sale both came in at $134K, down more than 50% from last May
• Inventory: Still sky-high, with 45 months of inventory based on closed sales
• What It Means: Land remains the softest part of the market right now. If you’ve had your eye on a parcel, this could be the right time to take a closer look or start a conversation

Keep in mind that Molokai’s market is small, and with just a handful of sales each month, the numbers can swing pretty dramatically. Still, our goal is always the same: to give you the clearest, most useful information possible so you can make confident, well-informed decisions on your real estate journey.

If you’ve thought about buying, selling, or just getting a clearer picture of where things stand, I’m always happy to share what I’m seeing and help you make sense of the market. No pressure — just honest insight and a local perspective whenever you need it.