Maui Real Estate Market Update: August 2024 Market Overview
In August there were 76 new listings for single- family homes and 138 new listings for condominiums.
Compared to this same time last year that is an increase of 40.7% and 74.7% respectively. Inventory increased 72.7% for single- family homes and 334.6% for condominium homes.
In August, there were 64 single-family homes sold, which is up from July when there were 56 homes sold. This represents an increase of 8.5% when compared to August 2023.
There were 66 condos sold last month on Maui, up from 64 sales in July. When compared to this time last year, this represents a decrease of 34.7%.
The average days on the market for single-family homes increased in August to 124 days. This represents an increase of 25.3% when compared to August 2023.
The average days on the market for condos increased from 149 days in July to 159 days in August. This represents an increase of 47.2% when compared to this same time last year.
In August, the median sales price for single-family homes on Maui was $1,325,000, compared to $1,210,000 in July. This represents an increase of 10.4% when compared to August 2023.
For condos, the median sales price last month increased from $792,000 in July to $1,000,000 in August. This represents an increase of 33.3% when compared to this same time last year.