$10,000 Closing Credit*
$1,100,000
1,692 SqFt
4 Beds
•2 Baths
Keith M Zielinski RB-19421, Listing Office: Pacific Shores Realty
Is Central Maui, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Central Maui was a Seller's Market.
Key Takeaway
Central Maui is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Maui, HI
How much do homes in Central Maui, HI cost?
Median Sold Price
$999,083
$716/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$114,083(+12.9%)
Key Takeaway
Homes in Central Maui have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Central Maui was $999,083 in October 2024, up 12.9% from last year, and the median price per square foot was $716.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $451K | $420K | -6.9% |
| 2 Bedrooms | $547.7K | $599.5K | +9.4% |
| 3 Bedrooms | $934.8K | $1.1M | +23.0% |
| 4 Bedrooms | $1.1M | $1.2M | +9.1% |
| 5+ Bedrooms | $1.2M | $1.3M | +6.9% |
Summary: Central Maui housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 6.9%.
Housing Supply in Central Maui, HI
How many homes are available in Central Maui, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 202 | 217 | +7.4% |
Summary: The Central Maui real estate market had 217 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 26 | +18.2% |
| 2 Bedrooms | 43 | 46 | +7.0% |
| 3 Bedrooms | 92 | 101 | +9.8% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Central Maui housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Maui, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Central Maui in October 2024, down by 16.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 33% were sold at asking, and 24% were sold over asking.
Days on Market for Central Maui, HI
How long does it take to sell a home in Central Maui, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 95 Days | +413.5% |
Summary: Homes in Central Maui had an average of 95 days on market in Oct 2024, up by 413.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Central Maui are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 21 homes were sold in Central Maui; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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