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The Maui News
In September 2024, Maui's housing market displayed mixed trends, with single-family homes and condominiums experiencing a decline in sales, while median prices rose, according to the latest data from the REALTORS® Association of Maui (RAM). Single-family home sales dropped by 22.7% compared to September 2023, though the median price increased to $1,408,287, an all-time high. Similarly, condominium sales saw a 25.4% decline, but their median prices rose significantly by 27.1%, reaching $990,000.
The analysis conducted by the Association using data collected from its Multiple Listing Service (MLS) system shows the following statistics:
In September of 2024, the number of total sales for single family homes was at 51, down from 66 in September of 2023. The median price for single family homes increased to $1,408,287, up 88 percent from September 2023 at $1,249,500. For condominium resales, the number of sales were also down from 50 in September of 2024 compared to 67 sales the same time last year.
The price of condominium homes jumped from $779,000 in September of 2023 to $990,000 in September of 2024.
The number of new listings for single-family homes decreased by 17.5 percent compared to the previous year, while new condo listings dropped by 6.7 percent. Additionally, the median days on the market for properties was 127 days.