Hawaii Life Market Report
Lahaina, HI 96761
Single-Family Homes
Errol Llantos | Operations Manager | errol@hawaiilife.com
Lahaina, HI 96761
Fri Nov 22 2024
This week the median list price for Lahaina, HI 96761 is $5,474,500 with the market action index hovering around 25. This is less than last month's market action index of 26. Inventory has held steady at or around 68.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Real-Time Market Profile
| Median List Price | $5,474,500 | |
| Median Price of New Listings | $3,300,000 | |
| Per Square Foot | $1,484 | |
| Average Days on Market | 190 | |
| Median Days on Market | 147 | |
| Price Decreased | 26% | |
| Price Increased | 3% | |
| Relisted | 3% | |
| Inventory | 68 | |
| Median Rent | ||
| Market Action | 25 | |
| Slight Buyer's Advantage | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $11,800,000 | 4,938 | 2.5 - 5 acres | 5 | 5.5 | 11 | 0 | 0 | 161 |
| $5,875,000 | 3,710 | 0.5 - 1 acre | 4 | 4.5 | 4 | 0 | 0 | 182 |
| $3,995,000 | 3,031 | 0.25 - 0.5 acre | 4 | 4 | 19 | 2 | 1 | 126 |
| $2,174,500 | 1,834 | 6,500 - 8,000 sqft | 3 | 2.5 | 34 | 1 | 0 | 84 |