What the Numbers Show
Single-family closed sales: 52 · down 7.1% from September 2025
Single-family median price: $1,150,000 · down 11.0%
Single-family average price: $1,861,394 · up 6.1%
Single-family days on market: 134 · up 5.5%
Single-family inventory: 457 active · 7.8 months supply, down 4.9%
Condominium closed sales: 72 · up 56.5%
Condominium median price: $660,000 · up 1.1%
Condominium average price: $984,821 · up 4.1%
Condominium days on market: 199 · up 56.7%
Condominium inventory: 822 active · 12.1 months supply, down 20.4%
All properties combined: 132 closings · up 18.9% · median $932,125
What Is Moving
Condominiums carried the month. Seventy-two condominiums closed in September against 46 a year ago, on $70,907,100 in volume. Combined closings across all property types reached 132, up 18.9%.
The year-to-date figures steady the monthly jump. Condominium closings stand at 620 through September against 512 last year, up 21.1%. Pending condominium sales year to date are up 22.4%.
Kīhei accounted for 24 of the 72 condominium closings, at a median of $539,500. Kāʻanapali added 11 at an $800,000 median, and Napili, Kahana and Honokowai 13 at $565,000. Kīhei also led single-family with 12 closings at a $1,190,000 median.
What Is Sitting
The two single-family price measures moved in opposite directions. The median came in at $1,150,000, down 11.0%, while the average rose 6.1% to $1,861,394.
A gap that wide usually reflects a change in the mix of what sold. Fifty-two closings is a small sample, and a few sales at the upper end lift the average without lifting the middle. Kapalua recorded two single-family closings at a $5,444,500 median and Lahaina three at $5,999,500.
The year-to-date median is the steadier figure. Single-family stands at $1,219,000 through September, down 6.2%, on 537 closings against 527 last year.
Condominiums took 199 days to sell, up 56.7%. Sellers received 94.7% of list price in both segments, which reads as price adjustment rather than distress.
Inventory and Absorption
Active inventory finished September at 1,511 properties across all types, up 0.3% from a year ago. Single-family inventory rose 1.6% to 457 active listings. Condominium inventory fell 5.6% to 822.
Months supply moved down in both segments. Single-family eased to 7.8 months from 8.2. Condominium supply fell 20.4%, from 15.2 months to 12.1.
The condominium decline came from both sides at once. New listings dropped 25.4% to 106 while closings rose 56.5%, so a smaller pipeline is feeding a faster pace of absorption. Single-family new listings held nearly flat at 85, down 1.2%.
Wailea and Mākena
Wailea and Mākena recorded 10 condominium closings in September, at a median of $2,222,500 and $24,974,000 in total volume. The same month last year recorded one closing at $1,425,000.
One single-family home closed in the area, at $5,300,000. August 2026 recorded two closings at a $5,600,000 median, and September 2025 recorded one at $6,485,000.
Year to date carries more weight here than any single month. Condominium sales total 66 through September against 57 last year, on $191,030,836 in volume. Single-family sales total 20 against 11.
Monthly counts this small move sharply on the strength of one or two transactions. A single closing at either end of the range shifts the median more than any trend would.
National Context
U.S. existing-home sales fell 2.0% from the previous month to a seasonally adjusted annual rate of 3.98 million units, according to the National Association of REALTORS®. That is the first reading below 4 million since June 2025.
The national median existing-home price rose 1.6% year over year to $429,100, a 38th consecutive month of annual gains. Inventory reached 1.62 million homes, a 4.9-month supply and the highest level in over ten years. Year-to-date sales nationally are up 1.6%.
The Federal Reserve raised its benchmark rate a quarter point on September 16, to a range of 3.75% to 4%. The 30-year fixed-rate mortgage moved above 7% in late September, up from an August average of 6.67%, according to Freddie Mac.
Jolanta’s Feedback
Condominiums were the slow part of this market for two years. Seventy-two closings in one month is not that market anymore, and the listing side narrowed in the same stretch.
Almost none of that happened in September. At 199 days on market, what recorded last month was agreed to in the spring. The report always shows me where buyers were six months ago, not where they are today.
Ten closings in Wailea and Mākena against one last September means ten sets of inspections, walkthroughs and association documents in thirty days. That is what the number looks like from a desk in Wailea.
September in South Maui is my favorite stretch of the year. The water is warm, the afternoons are quiet, and the island feels like itself again.
Source: REALTORS® Association of Maui MLS resale data. Deemed reliable but not guaranteed. For general information only — not an appraisal, forecast, or investment advice.
Check out this article next
