$7,719 Closing Credit*
$649,995
420 SqFt
Studio
•1 Bath
Fereshteh Nikbakhsh-Tali RB-21182, Listing Office: Kaanapali Luxury Vacation Rentals
Is West Maui, 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, West Maui has remained a Buyer's Market.
Key Takeaway
West Maui is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Maui, HI
How much do homes in West Maui, 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 West Maui have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in West Maui 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: West Maui 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 Neighborhoods
| West Maui | $990K | $1.0M | +9.6% |
| Kahana / Mahinahina | $799.5K | $830K | +3.8% |
| Honokowai | $950K | $975K | +2.6% |
| Kaanapali | $1.5M | $1.5M | +1.6% |
Housing Supply in West Maui, HI
How many homes are available in West Maui, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 373 | 426 | +14.2% |
Summary: The West Maui real estate market had 426 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 | 28 | 34 | +21.4% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The West Maui 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 21.4%, 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 West Maui, 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 West Maui 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 West Maui, HI
How long does it take to sell a home in West Maui, HI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 95 Days | +143.6% |
Summary: Homes in West Maui 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 West Maui 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 West 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.
