Hawaii Island Estate Market Update February 2025: Single-family home sales fell from 169 in January to 138 in February but rose 18% compared to last year.
Number Of Sales
Most sales occurred in Puna (56), North Kona (29), and South Kohala (17). Condo sales increased from 39 in January to 45 in February, a 4.6% rise year-over-year. North Kona saw 27 condos sold, up from 25 the previous month. Land sales also rose from 134 in January to 157 in February, with 111 in Puna, though this marked a 9% decrease compared to last year.
Average Days On Market
In February, single-family homes averaged 77 days on the market, up from 62 days last month and 60 days last year. In North Kona, homes averaged 75 days, compared to 47 days last year. Condo listings averaged 57 days, down from 86 days in January but up from 36 days last year. Land listings averaged 89 days, a decrease from 98 days in January, matching the average from February last year.
Median Sales Price
In February, the median sales price for single-family homes on Hawaii Island fell to $574,250 from $595,000 in January. North Kona’s median price rose to $1,475,000, up 7.6% from last year. Condos had a median price of $750,000, increasing from $680,000 in January. South Kohala condos reached $1,228,000, while North Kona condos rose to $790,000 from $665,000 in January and $622,500 a year ago. The median land price decreased to $43,000 from $43,500 in January, down 4.4% compared to $45,000 last February.
Contact your REALTOR for more specific information regarding sales in certain neighborhoods or parts of Hawaii Island!
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