Maui Real Estate Market Report
Makawao, HI
Single-Family Homes
Presented by The Maui Property Team
Makawao, HI
Thu Sep 21 2023
This week the median list price for Makawao, HI is $1,242,500 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has held steady at or around 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $1,242,500 | |
| Median Price of New Listings | $742,000 | |
| Per Square Foot | $986 | |
| Average Days on Market | 89 | |
| Median Days on Market | 67 | |
| Price Decreased | 57% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 |
|---|---|---|---|---|---|---|---|---|
| $3,495,000 | 3,206 | 1 - 2.5 acres | 5 | 3.5 | 17 | 0 | 0 | 70 |
| $1,395,000 | 1,040 | 0.25 - 0.5 acre | 3 | 1 | 35 | 0 | 1 | 56 |
| $1,130,000 | 1,120 | 8,000 - 10,000 sqft | 3 | 2 | 47 | 0 | 1 | 66 |
| $783,500 | 946 | 0.25 - 0.5 acre | 2 | 1.5 | 40 | 3 | 0 | 73 |