Hawaii Life Market Report
Lahaina, HI 96761
Condos/Townhomes
Errol Llantos | Operations Manager | errol@hawaiilife.com
Lahaina, HI 96761
Wed Apr 24 2024
This week the median list price for Lahaina, HI 96761 is $1,362,500 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has increased to 190.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $1,362,500 | |
| Median Price of New Listings | $881,500 | |
| Per Square Foot | $1,455 | |
| Average Days on Market | 109 | |
| Median Days on Market | 81 | |
| Price Decreased | 37% | |
| Price Increased | 0% | |
| Relisted | 1% | |
| Inventory | 190 | |
| Median Rent | ||
| Market Action | 32 | |
| Slight Seller's Advantage | ||
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,250,000 | 1,447 | 4,500 - 6,500 sqft | 2 | 2 | 42 | 0 | 0 | 133 |
| $1,650,000 | 1,118 | 0.25 - 0.5 acre | 2 | 2 | 45 | 5 | 2 | 49 |
| $1,134,500 | 820 | - | 1 | 1 | 49 | 5 | 3 | 94 |
| $659,000 | 565 | 0 - 4,500 sqft | 1 | 1 | 50 | 8 | 4 | 49 |