Is West 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, West Maui was a Seller's Market.
Key Takeaway
West Maui is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Maui, HI
How much do homes in West Maui, HI cost?
Median Sold Price
$1,010,000
$1,020/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Maui have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in West Maui was $1,010,000 in April 2024, up 3.1% from last year, and the median price per square foot was $1,020.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $780K | $720K | -7.7% |
| 2 Bedrooms | $1.0M | $1.0M | +3.3% |
| 3 Bedrooms | $1.3M | $1.7M | +24.0% |
| 4 Bedrooms | $2.4M | $3.3M | +37.6% |
| 5+ Bedrooms | $1.8M | $2.9M | +63.9% |
Summary: West Maui housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 37.6%, and 5+ bedroom homes increased by 63.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Kaanapali | $1.1M | $1.5M | +38.5% |
| West Maui | $979.8K | $1.0M | +3.1% |
| Kahana / Mahinahina | $799K | $820K | +2.6% |
| Honokowai | $939K | $899.5K | -4.2% |
| Napili | $1.0M | $990K | -9.8% |
Housing Supply in West Maui, HI
How many homes are available in West Maui, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 340 | 366 | +7.6% |
Summary: The West Maui real estate market had 366 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 119 | 137 | +15.1% |
| 2 Bedrooms | 111 | 112 | +0.9% |
| 3 Bedrooms | 61 | 67 | +9.8% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The West Maui housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 40 | +21.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Maui, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in West Maui in April 2024, up by 21.2% month-over-month. Of the 40 sold homes, 65% were sold under asking, 28% were sold at asking, and 8% were sold over asking.
Days on Market for West Maui, HI
We’re sorry, we don't have information for this market at the moment
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