Hawaii Island Real Estate Market Report: Comparing April 2025 vs. April 2026

Hawaii Island’s real estate market in April 2026 paints a fascinating picture when compared to the same period in 2025. Let’s break down the numbers and trends for residential, condo, and land markets, and explore what’s shaping the landscape for buyers and sellers.

Residential Market: Balancing Act in Progress 🏡

• Closed Sales: 180 in April 2026 (down from 205 in 2025, -12%)
• Median Sales Price: $545,000 in 2026 (up from $530,000, +3%)
• Days on Market: 32 days in 2026 (up from 27, +19%)

Analysis: The residential market is seeing fewer sales, but prices continue to climb. Homes are taking a bit longer to sell, giving buyers more time and options, while sellers still benefit from solid price appreciation. This suggests a move toward a more balanced market, with neither buyers nor sellers holding all the cards.

Condo Market: Prices Surge as Sales Cool 🏢

• Closed Sales: 75 in April 2026 (down from 90 in 2025, -17%)
• Median Sales Price: $510,000 in 2026 (up from $480,000, +6%)
• Days on Market: 28 days in 2026 (up from 24, +17%)

Analysis: Condo sales volume has dipped, but prices are rising at a healthy pace. The market is competitive, particularly in sought-after areas, and buyers are acting quickly despite slightly longer market times. For sellers, this is a strong environment—especially for well-maintained or updated units.

Land Market: Steady Growth and Opportunity 🌱

• Closed Sales: 140 in April 2026 (down from 155 in 2025, -10%)
• Median Sales Price: $47,000 in 2026 (up from $42,000, +12%)
• Days on Market: 60 days in 2026 (up from 53, +13%)

Analysis: The land market remains active, with rising prices reflecting ongoing interest in custom builds and investment properties. While sales have slowed slightly and lots are taking a bit longer to move, the upward price trend shows confidence in Hawaii Island’s long-term potential.

Key Takeaways & Market Outlook 🌺

Across all segments, the story is similar: fewer sales, but higher prices and longer days on market. This pattern suggests a shift toward a more balanced market after several years of rapid activity. Buyers now have more time and options, while sellers can still achieve strong returns. As always, local expertise is key to navigating these evolving trends and finding the right opportunities in Hawaii Island’s unique real estate landscape.