Molokai Market Snapshot – October 2025

Data through October 31, 2025

As we head into the final months of 2025, Molokai’s real estate market shows a quieter month for closed sales but steady overall trends. Inventory remains consistent, pricing varies by product type, and buyer activity continues at a measured pace. Below is a breakdown of how Molokai homes, condos, and land performed in October.

Single-Family Homes

Key Metrics

• Active Listings: 21 (same as September; up from 17 last October)
• New Listings: 4 in October
• Homes Sold: 1 (down from 4 in September and 4 last October)
• Under Contract: 2 (same as last October)
• Median Sold Price: $300,000
• Average Sold Price/Sq Ft: $389
• Average Days on Market: 14
• Months of Inventory: 21 (Buyer’s Market)

Year-to-Date Context:

• Average Active Price: $878,000
• Average Sold Price: $584,000
• Average Sold Price/Sq Ft: $466 (highest in 15 years)

What This Means

With only one closing in October, the monthly numbers skew softer than the true market trend. Year-to-date pricing remains strong, particularly on a per-square-foot basis. Buyer activity continues at a reasonable pace, and homes that are well prepared and priced correctly are still achieving solid results. Sellers have more competition than last year, while buyers have more choice.

Condominiums

Key Metrics

• Active Listings: 37 (down from 41 in September)
• New Listings: 5 in October
• Condos Sold: 4 (up from 2 in September)
• Under Contract: 7
• Median Sold Price: $350,000
• Average Sold Price: $323,000
• Average Sold Price/Sq Ft: $360
• Average Days on Market: 326
• Months of Inventory: 9.3 (Buyer’s Market)

Year-to-Date Context:

• Average Sold Price: $233,000
• Median Sold Price: $228,000
• Average Sold Price/Sq Ft: $354

What This Means

Condos saw healthier movement in October. Prices rebounded sharply from an unusually low September, reflecting a more typical mix of units sold. The high days-on-market figure is tied to several long-listed units finally closing, rather than weakening demand. Buyers still have options, but sellers with properly priced units continue to secure strong offers.

Vacant Land

• Key Metrics (Year-to-Date)
• Active Listings: 40
• New Listings: 28
• Parcels Sold: 12
• Average Sold Price: $273,000
• Median Sold Price: $130,000
• Average Active Price: $343,000
• Average Days on Market: 281
• Sold/List Price Ratio: 89%

What This Means

Molokai’s land market remains steady and predictable. Activity moves at a measured pace, with a wide range of property types reflected in both median and average pricing. Extended timelines are normal as due diligence, access, utilities, and agricultural plans play a large role in land transactions. Pricing remains consistent, and motivated buyers continue to find opportunities.

Market Takeaway

Molokai’s market continues to show steady fundamentals as we move toward the close of 2025. While October brought fewer closings, the underlying year-to-date data tells a more balanced story. Pricing across all three segments remains supported, inventory levels are manageable, and buyers are still moving—just with more intention and selectivity. Homes and condos each saw different dynamics this month, but both remain grounded by strong year-to-date value indicators. Land continues its consistent long-term pattern, with pricing holding and motivated buyers stepping in when the fit is right.

Quick Thoughts

• Homes: October was unusually quiet on the sales front, but long-term pricing trends remain strong, especially on a per-square-foot basis.
• Condos: Solid month. Sales and pricing bounced back from September, and well-priced units continue to draw buyers.
• Land: Slow but steady. A wide range of offerings, stable pricing, and patient transactions define this segment.
• Overall: Activity is measured, selection is stable, and both buyers and sellers who come prepared continue to find success.

Let’s Connect

As October’s numbers show, the Molokai real estate market remains steady, with meaningful activity happening across homes, condos, and land — even as buyers move more intentionally and inventory settles into year-end patterns. If you’re thinking about buying, selling, or simply tracking how these trends may influence your plans heading into 2026, now is a great time to talk. I’m always happy to walk through property values, neighborhood-specific data, or tailored options that fit your goals.

Aloha,
Rob Stephenson
Hawai‘i Life Real Estate Advisor
808-658-0608 | RobStephenson@hawaiilife.com