Maui Real Estate Market Report
Paia, HI
Single-Family Homes
Presented by The Maui Property Team
Paia, HI
Sat Dec 21 2024
This week the median list price for Paia, HI is $2,647,500 with the market action index hovering around 23. This is less than last month's market action index of 26. 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 Buyer's Advantage
Market Narrative
While prices have recently plateaued, 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 | $2,647,500 | |
| Median Price of New Listings | $2,300,000 | |
| Per Square Foot | $1,971 | |
| Average Days on Market | 227 | |
| Median Days on Market | 221 | |
| Price Decreased | 21% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 23 | |
| Slight Buyer's Advantage | ||
The market seems to have paused around this plateau. 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 |
|---|---|---|---|---|---|---|---|---|
| $7,000,000 | 3,341 | 0.25 - 0.5 acre | 3 | 4 | 24 | 0 | 0 | 357 |
| $4,988,000 | 2,224 | 4,500 - 6,500 sqft | 3 | 3 | 64 | 0 | 0 | 259 |
| $2,097,500 | 968 | 6,500 - 8,000 sqft | 3 | 1.3 | 55 | 1 | 0 | 164 |
| $1,440,000 | 1,386 | 6,500 - 8,000 sqft | 3 | 2.5 | 45 | 0 | 0 | 150 |