$7,480,000
3,967 SqFt
4 Beds
•5 Baths
Eric S West RB-20968, Listing Office: Real Broker LLC
Is Lahaina, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lahaina has remained a Buyer's Market.
Key Takeaway
Lahaina is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lahaina, HI
How much do homes in Lahaina, HI cost?
Median Sold Price
$1,084,583
$972/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$94,583(+9.6%)
Key Takeaway
Homes in Lahaina have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Lahaina was $1,084,583 in November 2024, up 9.6% from last year, and the median price per square foot was $972.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $720K | $705K | -2.1% |
| 2 Bedrooms | $1.1M | $1.0M | -8.1% |
| 3 Bedrooms | $1.4M | $1.7M | +23.5% |
| 4 Bedrooms | $4.2M | $2.6M | -38.8% |
| 5+ Bedrooms | $5.1M | $2.5M | -51.2% |
Summary: Lahaina housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 38.8%, and 5+ bedroom homes decreased by 51.2%.
Median Sold Price Compared To Nearby Cities
| Kihei | $969K | $1.2M | +31.6% |
| Lahaina | $990K | $1.0M | +9.6% |
| Waihee-Waikapu | $1.2M | $1.2M | 0.0% |
Housing Supply in Lahaina, HI
How many homes are available in Lahaina, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 374 | 427 | +14.2% |
Summary: The Lahaina real estate market had 427 homes for sale in November 2024, a 14.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 151 | 172 | +13.9% |
| 2 Bedrooms | 115 | 133 | +15.7% |
| 3 Bedrooms | 59 | 65 | +10.2% |
| 4 Bedrooms | 29 | 35 | +20.7% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Lahaina housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lahaina, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Lahaina in November 2024, down by 4.8% month-over-month. Of the 20 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Lahaina, HI
How long does it take to sell a home in Lahaina, HI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 95 Days | +143.6% |
Summary: Homes in Lahaina had an average of 95 days on market in Nov 2024, up by 143.6% 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 Lahaina are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 20 homes were sold in Lahaina; 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.
