Maui Real Estate Market Report

Kihei, HI

Single-Family Homes

Presented by The Maui Property Team


Kihei, HI

Wed Apr 24 2024
This week the median list price for Kihei, HI is $2,800,000 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has increased to 57. Click here to stay informed with the Kihei market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Kihei, HI

Wed Apr 24 2024
This week the median list price for Kihei, HI is $2,800,000 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has increased to 57. Click here to stay informed with the Kihei market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Kihei market.
Median List Price $2,800,000
Median Price of New Listings $2,248,000
Per Square Foot $1,246
Average Days on Market 95
Median Days on Market 56
Price Decreased 35%
Price Increased 2%
Relisted 0%
Inventory 57
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$8,775,000 3,394 0.25 - 0.5 acre 3 3.5 33 0 2 66
$3,950,000 2,950 0.25 - 0.5 acre 4 3.5 21 2 1 84
$2,224,000 2,202 8,000 - 10,000 sqft 3 2.8 35 1 2 31
$1,485,000 1,656 6,500 - 8,000 sqft 3 3 35 2 2 35