District Median Sales Price
May 2025 vs May 2026 · Single Family Homes
"More buyers, lower prices — Maui's market is finding a new equilibrium."May 2026 Single Family Report
A Market in Transition
Maui's single-family home market posted a notable year-over-year shift in May 2026, with the island-wide median sales price falling 9% from $1,290,000 in May 2025 to $1,174,500 — even as transaction volume ticked up from 56 to 58 sales. The divergence between rising deal count and falling prices tells a nuanced story: more buyers are active, but the mix of what's selling has shifted toward mid-range inventory, pulling the headline number down.
Standout Gainers
Kaanapali registered the most dramatic price surge on the island, with its median jumping from $2,200,000 to $5,600,000 — a 155% increase — though that figure reflects a single luxury closing and should be read with caution. More meaningfully, Haiku climbed 50% to a $1,695,000 median on four sales, signaling genuine demand for its rural character and relative affordability compared to resort corridors. Makawao/Olinda/Haliimaile added 33%, rising to $1,595,000, continuing an upcountry trend as buyers seek space and cooler elevations. Wailea/Makena, Maui's premium resort enclave, grew modestly by 16% to $2,427,750 — a sign that luxury demand remains intact even as the broader market softens.
Pressure on Established Markets
Kihei, one of Maui's highest-volume districts with 9 sales in May, saw its median decline 19% year-over-year to $1,255,079. Wailuku — the market's busiest district at 12 sales — dropped 28% to $1,005,000, slipping below the million-dollar threshold for the first time in recent memory. Maui Meadows fell 45% to $1,512,500, though its low two-sale volume makes the comparison statistically fragile. These declines likely reflect a broader correction in mid-tier inventory after the price run-up of 2022–2024.
Lahaina: Still Quiet
Lahaina recorded zero sales in May 2026, continuing a period of very thin activity since the August 2023 wildfires devastated the historic town. One sale was recorded in May 2025 and two in April 2026, suggesting occasional transactions do occur — but meaningful market recovery remains on a longer timeline as rebuilding efforts proceed.
New Markets Emerging
Three districts — Pukalani, Spreckelsville/Paia/Kuau, and Lanai — showed no recorded May 2025 sales but returned activity in 2026. Pukalani posted a $1,690,000 median on two sales, and Spreckelsville/Paia/Kuau came in at $1,070,000. Lanai's $400,000 median on a single sale remains by far the most accessible price point on any island in the data set.
Outlook
The May 2026 data points to a market finding a new equilibrium: broader participation with more districts active, but price discovery still underway. High-end and upcountry segments are holding or appreciating, while central Maui and resort-adjacent areas soften. Buyers patient enough to navigate a transitional market may find May 2026 a more favorable entry point than at any time in the past three years.
