Is South Maui, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Maui was a Seller's Market.
Key Takeaway
South Maui is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Maui, HI
How much do homes in South Maui, HI cost?
Median Sold Price
$1,167,500
$1,110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Maui have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in South Maui was $1,167,500 in April 2024, up 19.4% from last year, and the median price per square foot was $1,110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $777K | $800K | +3.0% |
| 2 Bedrooms | $900K | $1.0M | +11.7% |
| 3 Bedrooms | $1.3M | $1.6M | +23.1% |
| 4 Bedrooms | $2.4M | $2.7M | +10.2% |
| 5+ Bedrooms | $1.6M | $1.6M | +1.6% |
Summary: South Maui housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in South Maui, HI
How many homes are available in South Maui, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 386 | 405 | +4.9% |
Summary: The South Maui real estate market had 405 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 109 | 115 | +5.5% |
| 2 Bedrooms | 144 | 150 | +4.2% |
| 3 Bedrooms | 82 | 84 | +2.4% |
| 4 Bedrooms | 34 | 39 | +14.7% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The South Maui housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 65 | +4.8% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Maui, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in South Maui in April 2024, up by 4.8% month-over-month. Of the 65 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% were sold over asking.
Days on Market for South Maui, HI
We’re sorry, we don't have information for this market at the moment
