In October 2024, Maui’s real estate market showed some interesting trends, even as the rest of the U.S. saw a dip in home sales. While nationwide sales hit a decade low, Maui had its own story to tell. New listings for single-family homes dropped by 4.8%, but condos saw a big boost with a 13% increase. Buyers were definitely interested, with pending sales jumping 24% for single-family homes and 3.1% for condos.

There were a lot more homes to choose from, too. Inventory for single-family homes went up by 36.2%, and condos saw a massive 168.1% increase. This meant more options for buyers on the island. Prices kept climbing, with the median price for single-family homes rising 2.4% to $1,300,000 and condos going up 9.2% to $892,500.

Homes were selling a bit faster for single-family properties, with days on the market dropping by 1.6%. However, condos took longer to sell, with a 24.8% increase in days on the market. The supply of homes also grew, with a 30% increase for single-family homes and a whopping 200% for condos, making the market more balanced.

All in all, Maui’s real estate scene in October 2024 was lively, with more homes available and prices on the rise, bucking the national trend of slower sales.