Maui Real Estate Market Report: May 2026 vs May 2025

Maui Market Report — May 2026 | Valencia Properties
Valencia Properties Maui

Market Intelligence Report

Maui Real Estate
Market Report

May 2025 → May 2026 · Year-over-Year Comparison

Total Listings

+110% more inventory

May 2025

113

May 2026

237

Homes Sold

+5% more closings

May 2025

56

50% sell-through

May 2026

59

25% sell-through

Median Sold Price

−7.8% price softening

May 2025

$1.29M

May 2026

$1.19M

Avg Sold Price

−4% price softening

May 2025

$1.54M

May 2026

$1.48M

Median Days on Market

9 fewer days to sell

May 2025

102

Avg 159 days

May 2026

93

Avg 149 days

Median List-to-Sold

−1.3pt sellers getting less

May 2025

96.8%

29% at/above list

May 2026

95.5%

31% at/above list

Cancelled + Expired

−26% fewer failures

May 2025

50

44% of listings

May 2026

37

16% of listings

Active Listings

12× surge in supply

May 2025

7

May 2026

82

+54 pending

Supply has more than doubled (+110%) while sell-through dropped from 50% to 25% — buyers now have real negotiating leverage. Prices softened 4–8%, yet homes priced right are selling faster (93 vs 102 median days). Far fewer listings are expiring or cancelling. It’s a transitioning market — accurate pricing and professional representation matter more than ever.

Status breakdown — all listings

May 2025May 2026
Sold 56 to 59, CXL 35 to 25, EXP 15 to 12, Active 7 to 82, Pending 10 to 54.

Price buckets — sold homes

May 2025May 2026
Peak in the $1M to $1.5M range both years.
May 2025 — Reference
DistrictSoldMedian $Med DOM
Wailuku12$1,395K194
Kahului10$1,155K85
Kihei8$1,553K82
Haiku6$1,132K92
Makawao5$1,195K59
Molokai4$593K235
Kula3$1,640K315
Hana3$1,500K137
Wailea/Makena1$2,100K143
Kaanapali1$2,200K62
Kapalua1$6,205K34
May 2026 — vs Prior Year
DistrictSoldMedian $Med DOM
Wailuku— 12
$1,005K
88
Kahului 9
$1,130K
63
Kihei 9
$1,255K
118
Haiku 5
$1,425K
82
Makawao— 5
$1,595K
238
Kula 4
$1,538K
100
Molokai 3
$425K
135
Pukalani 2
NEW $1,690K
NEW 124
Wailea/Makena 2
$2,428K
127
Kaanapali— 1
$5,600K
225
Kapalua— 1
$5,500K
77

vs May 2025    vs May 2025   — unchanged   DOM lower = faster sale

May 2025

222 Crestview Rd

Kapalua · 34 DOM

$6.21M

1702 Halama St

Kihei · 56 DOM

$6.10M

44 Iliahi Way

Lahaina · 182 DOM

$3.25M

126 Hoomaikai Pl

Kula · 315 DOM

$2.85M

738 Lanina Pl

Maui Meadows · 147 DOM

$2.78M
May 2026

2600 Aina Mahiai St

Kaanapali · 225 DOM

$5.60M

100 Woodrose Pl

Kapalua · 77 DOM

$5.50M

3036 Kalua Koi Rd

Molokai · 197 DOM

$3.76M

20 Kapuaimilia Pl

Haiku · 271 DOM

$3.20M

3179 S Noho Loihi Way

Wailea/Makena · 164 DOM

$3.13M

Market Takeaway — May 2026

Maui’s market is clearly shifting toward buyer-favorable conditions. Inventory has more than doubled (+110%), yet the number of closed sales rose only modestly (+5%), pushing sell-through rates from 50% down to 25%. Buyers now have meaningful leverage for the first time in years.

For sellers: homes correctly priced are still moving faster (93 vs 102 median days), far fewer listings are expiring or cancelling (down 26%), and the list-to-sold ratio holds strong at 95.5%. The luxury segment remains active — Kaanapali saw a standout sale at $5.6M, up significantly from $2.2M prior year. Haiku and Wailea/Makena both showed meaningful price appreciation.

The data points to a market that rewards accurate pricing and professional representation on both sides of the transaction.

Real Estate Disclosure & Disclaimer

The information contained in this market report is based on data sourced from the Realtors Association of Maui (RAM) Multiple Listing Service (MLS) and is deemed reliable but not guaranteed. All market statistics, median prices, days on market figures, and sales data are subject to change and may not reflect all real estate activity in the referenced time periods, as not all transactions are reported through the MLS.

This report is intended for informational purposes only and does not constitute legal, financial, or investment advice. Past market performance is not indicative of future results. All real estate transactions involve risk, and buyers and sellers are encouraged to conduct their own due diligence and consult with qualified legal, financial, and real estate professionals before making any real estate decisions.

Edward P. Valencia is a licensed Real Estate Broker in the State of Hawaii, License #RB-20107, operating under Valencia Properties. Equal Housing Opportunity. © 2026 Valencia Properties · All Rights Reserved.

Author: Edward V

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