Hawaii Island Estate Market Update January 2025: In January, single-family home sales dropped from 172 in December to 168.
Number Of Sales
In January, single-family home sales dropped from 172 in December to 168. Puna led sales with 65 homes, followed by North Kona with 38 and South Hilo with 16. Condo sales fell from 47 to 38, but were up 18.75% year-over-year. Land sales decreased from 158 to 132.
Average Days On Market
In January, single-family homes averaged 60 days on the market, down from 87 in December but up from 52 last year. North Kona saw an average of 44 days, up from 35 last year. Condos averaged 77 days on the market, up from 70 in December and 48 days last year. Land listings averaged 98 days, down from 115 in December but the same as last year at this time.
Median Sales Price
In January, the median sales price for single-family homes on Hawaii Island rose to $595,500 from $502,500 in December. In North Kona, it decreased by 4% year-over-year to $1,275,750. Condo prices surged to $689,500 from $464,000 in December. North Kona condos increased to $665,000 from $461,950 in December and $612,000 last January. The median price for land fell to $45,000 in January from $55,000 in December.
Contact your REALTOR for more specific information regarding sales in certain neighborhoods or parts of Hawaii Island!
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