Maui's September 2026 numbers tell two different stories. Condominium sales jumped sharply from a year ago and condo inventory is tightening, while single-family home prices continued to soften. This report combines the September 2026 Monthly Indicators from the REALTORS Association of Maui (RAM) with the September 2026 Maui Residential Sales Report from Title Guaranty Hawaii, and breaks the numbers down by property type and by area.
Key Takeaways
- Condo sales surged. 72 condominiums closed in September, up 56.5% from 46 a year ago. Year to date, condo closings are up 21.1% (620 vs. 512) and pending condo sales are up 22.4%.
- Condo supply is tightening. Condo months of supply fell to 12.1 from 15.2 a year ago, and new condo listings dropped 25.4% (106 vs. 142).
- Single-family prices eased. The single-family median was $1,150,000, down 11.0% from $1,292,500 last September. The year-to-date median is $1,219,000, down 6.2%.
- Luxury lifted averages. The single-family average price rose 6.1% to $1,861,394, driven by high-end closings in Kapalua, Lahaina and Wailea.
- Buyers still have room to negotiate. Both homes and condos sold for 94.7% of list price on average, with homes averaging 134 days on market and condos 199 days.
- Wailea and Makena led the luxury condo market. 10 condo sales totaling $25.0 million, with a median of $2,222,500.
Island-Wide Snapshot: September 2026
Across all residential property types combined, 132 sales closed on Maui in September, up 18.9% from 111 a year earlier. The combined median sales price was $932,125, down 2.4%. Total inventory was essentially flat at 1,511 listings (up 0.3%), but because sales have picked up, months of supply fell from 12.1 to 11.0.
Single-Family Homes
| Single-Family | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New Listings | 86 | 85 | -1.2% | 889 | 882 | -0.8% |
| Pending Sales | 54 | 59 | +9.3% | 497 | 540 | +8.7% |
| Closed Sales | 56 | 52 | -7.1% | 527 | 537 | +1.9% |
| Median Sales Price | $1,292,500 | $1,150,000 | -11.0% | $1,300,000 | $1,219,000 | -6.2% |
| Average Sales Price | $1,754,925 | $1,861,394 | +6.1% | $1,849,390 | $1,611,901 | -12.8% |
| Days on Market | 127 | 134 | +5.5% | 136 | 139 | +2.2% |
| % of List Price Received | 95.4% | 94.7% | -0.7% | 96.0% | 95.6% | -0.4% |
| Inventory | 450 | 457 | +1.6% | -- | -- | -- |
| Months of Supply | 8.2 | 7.8 | -4.9% | -- | -- | -- |
Source: REALTORS Association of Maui, Monthly Indicators, September 2026.
Single-family closings dipped to 52, down from 64 in August and 56 a year ago. The more encouraging signal is under contract: pending home sales rose 9.3% from last September, and year-to-date pendings are up 8.7%, which points to steady closings into the fourth quarter.
Prices are where the softness shows. The September median of $1,150,000 ties the lowest monthly single-family median of the past 12 months, and the year-to-date median is down $81,000 from 2025. At the same time, the average price rose because a handful of high-end sales closed in September, including two Kapalua homes with a median of $5,444,500 and three Lahaina sales with a median of $5,999,500. When the median and the average move in opposite directions like this, it usually means the middle of the market is adjusting while the top end keeps trading.
Single-family inventory sits at 457 homes, or 7.8 months of supply. That is still well above the 4 to 6 months often considered balanced, so well-priced homes sell and overpriced homes sit.
Condominiums
| Condominium | Sep 2025 | Sep 2026 | Change | YTD 2025 | YTD 2026 | Change |
|---|---|---|---|---|---|---|
| New Listings | 142 | 106 | -25.4% | 1,341 | 1,217 | -9.2% |
| Pending Sales | 55 | 50 | -9.1% | 517 | 633 | +22.4% |
| Closed Sales | 46 | 72 | +56.5% | 512 | 620 | +21.1% |
| Median Sales Price | $652,500 | $660,000 | +1.1% | $702,500 | $655,000 | -6.8% |
| Average Sales Price | $945,615 | $984,821 | +4.1% | $1,177,472 | $1,003,458 | -14.8% |
| Days on Market | 127 | 199 | +56.7% | 141 | 164 | +16.3% |
| % of List Price Received | 93.6% | 94.7% | +1.2% | 94.9% | 94.5% | -0.4% |
| Inventory | 871 | 822 | -5.6% | -- | -- | -- |
| Months of Supply | 15.2 | 12.1 | -20.4% | -- | -- | -- |
Source: REALTORS Association of Maui, Monthly Indicators, September 2026.
Condo activity was strong. 72 condos closed, up from 70 in August and 46 a year ago, and the September median rebounded to $660,000 after August's $564,950. Year to date, 620 condos have closed compared with 512 at this point in 2025.
Two things stand out. First, the long days on market (199 days for September closings) show that many of these sales were listings that had been sitting for months before a buyer stepped in at a price that worked. Second, sellers are pulling back: new condo listings were down 25.4% from last September and 9.2% for the year. With more sales and fewer new listings, condo months of supply has dropped from about 15.9 at the start of 2026 to 12.1 today. It is still a buyer-leaning market, but it is noticeably less one-sided than it was last winter.
Fee Simple vs. Leasehold Condos (Year to Date)
| Tenure | YTD 2025 Sales | YTD 2026 Sales | Change | YTD 2025 Median | YTD 2026 Median | Change |
|---|---|---|---|---|---|---|
| Fee Simple | 488 | 580 | +18.9% | $733,500 | $665,000 | -9.3% |
| Leasehold | 24 | 40 | +66.7% | $427,000 | $415,000 | -2.8% |
Leasehold condo sales are up 66.7% this year, led by Napili/Kahana/Honokowai (16 sales) and Kaanapali (9 sales). Leasehold units trade at a steep discount to fee simple, so they appeal to buyers focused on price, but the remaining lease term and any fee purchase options matter a great deal to value and financing. Fee simple condos still make up more than 90% of condo sales.
Monthly Closed Sales, October 2025 to September 2026
Title Guaranty Highlights
Title Guaranty's September report adds a few useful measures that the RAM report does not include:
| September 2026 | Single-Family | Condominium |
|---|---|---|
| Average List Price | $2.0 M | $1.0 M |
| Average Sold Price | $1.9 M | $984.8 K |
| Highest Sale | $6.7 M | $4.9 M |
| Average Price per Sq. Ft. | $920.27 | $920.22 |
| % of List Price Received | 93.99% | 94.18% |
| Average Days on Market | 134 | 210 |
Source: Title Guaranty Hawaii, Maui Residential Sales Report, September 2026 (information effective 10/1/2026). Title Guaranty and RAM calculate some measures differently, so percent-of-list and days-on-market figures do not match exactly between the two reports.
One notable detail: Maui homes and condos sold for almost exactly the same average price per square foot in September, about $920. Buyers are paying a similar rate per square foot whether they buy a condo or a house, so the price gap between the two comes mostly from size and land.
Sales by Region (Title Guaranty)
| Region | Single-Family | vs. Sep 2025 | Condo | vs. Sep 2025 |
|---|---|---|---|---|
| Southside (Kihei, Wailea, Makena, Maalaea) | 15 | +87.5% | 37 | +85.0% |
| Westside (Lahaina to Kapalua) | 7 | +16.7% | 30 | +76.5% |
| Up Country | 12 | -25.0% | 1 | -50.0% |
| Central (Wailuku, Kahului, Waihee) | 11 | -31.3% | 3 | -40.0% |
| North Shore | 3 | -40.0% | 0 | -- |
| East Maui | 1 | -- | 0 | -- |
| Molokai | 2 | -- | 1 | -- |
| Lanai | 1 | -- | 0 | -- |
The resort areas carried the month. South Maui and West Maui together accounted for 67 of the 72 condo sales and 22 of the 52 home sales. Central Maui and Upcountry, where most local families buy, saw fewer closings than a year ago.
Most Active Neighborhoods and Condo Complexes
By number of sales in September, the busiest neighborhoods were Wailea (9), Kaanapali (8), Honokowai (7), Kihei (7), North Kihei (7), Kalepolepo (5) and Kapalua (5). The most active condo complexes were Kaanapali Shores (4 sales) and Mahana (3), followed by Wailea Point, Napili Villas, Villas at Kenolio, Kai Malu, Kihei Villages IV and Kapalua Golf Villas with 2 sales each.
Area-by-Area Results: September 2026
Single-Family Homes by Area
| Area | Sales | Dollar Volume | Median Price | Sep 2025 Median |
|---|---|---|---|---|
| Kihei | 12 | $19,959,000 | $1,190,000 | $995,000 |
| Kula / Ulupalakua / Kanaio | 6 | $8,745,000 | $1,467,500 | $1,600,000 |
| Wailuku | 6 | $5,667,000 | $1,005,000 | $1,200,000 |
| Kahului | 5 | $5,985,000 | $1,150,000 | $1,100,000 |
| Makawao / Olinda / Haliimaile | 5 | $7,308,000 | $1,085,000 | $1,422,500 |
| Lahaina | 3 | $13,349,500 | $5,999,500 | $2,433,500 |
| Kaanapali | 2 | $6,250,000 | $3,125,000 | $1,900,000 |
| Kapalua | 2 | $10,889,000 | $5,444,500 | $18,000,000 |
| Maui Meadows | 2 | $5,350,000 | $2,675,000 | $1,295,000 |
| Haiku | 2 | $2,420,000 | $1,210,000 | $999,999 |
| Wailea / Makena | 1 | $5,300,000 | $5,300,000 | $6,485,000 |
| Spreckelsville / Paia / Kuau | 1 | $1,490,000 | $1,490,000 | -- |
| Pukalani | 1 | $710,000 | $710,000 | $1,450,000 |
| Hana | 1 | $860,000 | $860,000 | -- |
| Molokai | 2 | $1,815,000 | $907,500 | $390,000 |
| Lanai | 1 | $695,000 | $695,000 | $550,000 |
| All Maui MLS | 52 | $96,792,500 | $1,150,000 | $1,292,500 |
Condominiums by Area
| Area | Sales | Dollar Volume | Median Price | Sep 2025 Median |
|---|---|---|---|---|
| Kihei | 24 | $13,630,850 | $539,500 | $650,000 |
| Napili / Kahana / Honokowai | 13 | $8,663,250 | $565,000 | $515,500 |
| Kaanapali | 11 | $12,929,000 | $800,000 | $850,000 |
| Wailea / Makena | 10 | $24,974,000 | $2,222,500 | $1,425,000 |
| Kapalua | 3 | $4,213,000 | $1,489,000 | $1,140,000 |
| Lahaina | 3 | $3,072,500 | $822,500 | $595,000 |
| Maalaea | 3 | $1,124,500 | $249,500 | -- |
| Wailuku | 2 | $910,000 | $455,000 | $695,000 |
| Kahului | 1 | $495,000 | $495,000 | -- |
| Pukalani | 1 | $745,000 | $745,000 | -- |
| Molokai | 1 | $150,000 | $150,000 | $111,288 |
| All Maui MLS | 72 | $70,907,100 | $660,000 | $652,500 |
Source: REALTORS Association of Maui, Monthly Sales Volume by area, September 2026. Areas with no sales in September are not shown. Monthly area medians are based on small numbers of sales and can swing widely from month to month.
Year-to-Date Trends by Area
Because single months can be noisy at the area level, the year-to-date figures give a clearer picture of where each market is heading.
Single-Family Homes, January to September
| Area | YTD 2025 Sales | YTD 2026 Sales | YTD 2025 Median | YTD 2026 Median | Change |
|---|---|---|---|---|---|
| Wailuku | 100 | 91 | $1,200,000 | $1,025,000 | -14.6% |
| Kihei | 72 | 89 | $1,372,500 | $1,230,000 | -10.4% |
| Kahului | 61 | 72 | $1,100,000 | $1,112,500 | +1.1% |
| Kula / Ulupalakua / Kanaio | 43 | 49 | $1,640,000 | $1,530,000 | -6.7% |
| Makawao / Olinda / Haliimaile | 58 | 49 | $1,365,000 | $1,560,000 | +14.3% |
| Haiku | 47 | 36 | $1,497,000 | $1,325,000 | -11.5% |
| Pukalani | 17 | 21 | $1,140,000 | $1,249,000 | +9.6% |
| Wailea / Makena | 11 | 20 | $3,850,000 | $2,900,000 | -24.7% |
| Lahaina | 11 | 17 | $2,700,000 | $2,475,000 | -8.3% |
| Napili / Kahana / Honokowai | 22 | 17 | $1,790,000 | $1,500,000 | -16.2% |
| Spreckelsville / Paia / Kuau | 11 | 14 | $1,410,000 | $1,395,000 | -1.1% |
| Maui Meadows | 13 | 13 | $2,175,000 | $2,360,000 | +8.5% |
| Kaanapali | 14 | 10 | $4,450,000 | $3,000,000 | -32.6% |
| Kapalua | 9 | 5 | $7,625,000 | $5,450,000 | -28.5% |
| All Maui MLS | 527 | 537 | $1,300,000 | $1,219,000 | -6.2% |
The strongest price trends this year are in Makawao/Olinda/Haliimaile (+14.3%), Pukalani (+9.6%) and Maui Meadows (+8.5%), and Kahului is essentially flat. Kihei has 89 single-family sales this year, up 23.6% and second only to Wailuku, though at a lower median. The luxury resort areas (Kaanapali, Kapalua and Wailea/Makena) show the largest median declines, but with 5 to 20 sales each, those figures are heavily influenced by which specific homes happened to sell.
Condominiums, January to September
| Area | YTD 2025 Sales | YTD 2026 Sales | YTD 2025 Median | YTD 2026 Median | Change |
|---|---|---|---|---|---|
| Kihei | 185 | 222 | $675,000 | $596,000 | -11.7% |
| Napili / Kahana / Honokowai | 81 | 106 | $610,000 | $537,500 | -11.9% |
| Kaanapali | 51 | 70 | $1,152,500 | $1,027,500 | -10.8% |
| Wailea / Makena | 57 | 66 | $2,500,000 | $2,085,000 | -16.6% |
| Wailuku | 51 | 51 | $595,000 | $592,336 | -0.4% |
| Lahaina | 23 | 31 | $600,000 | $657,500 | +9.6% |
| Kapalua | 18 | 18 | $1,602,500 | $1,342,500 | -16.2% |
| Maalaea | 14 | 14 | $624,500 | $512,500 | -17.9% |
| Kahului | 9 | 11 | $190,000 | $150,000 | -21.1% |
| All Maui MLS | 512 | 620 | $702,500 | $655,000 | -6.8% |
The pattern in condos is consistent across the island: more sales at lower prices. Kihei, Napili/Kahana/Honokowai, Kaanapali and Wailea/Makena each have 16% to 37% more condo sales than last year, with medians 11% to 17% lower. Buyers who were waiting for prices to adjust have been stepping in, especially in the visitor areas where short-term rental rules are a key part of the buying decision. Lahaina is the exception, with both more condo sales and a higher median than in 2025.
Vacant Land
Eight land parcels sold in September with a median of $579,500 and total volume of $5.5 million. Year to date, 91 land sales have closed, down 15.0% from 107, with a median of $626,650 (down 3.6%). Total land dollar volume is down 44.0%, largely because fewer high-end parcels have sold this year (Wailea/Makena land sales fell from 10 to 3). Lahaina (28 sales), Molokai (15) and Haiku (12) are the most active land markets in 2026.
Interest Rates and the National Picture
According to the national summary in RAM's September report, the Federal Reserve raised its benchmark rate by a quarter point on September 16, and the 30-year fixed mortgage rate moved above 7% in late September after averaging 6.67% in August. Nationally, existing-home sales slipped to an annual pace of 3.98 million while inventory reached its highest level since 2019. Higher borrowing costs matter most for buyers who are financing, so a current pre-approval is more important than usual.
What This Means for Buyers
- Negotiation is still on the table. Homes and condos are closing around 94% to 95% of list price on average, and long days on market give buyers time to do proper due diligence.
- The condo window is narrowing. Condo inventory and new listings are both falling while sales rise, so selection is shrinking compared with earlier this year.
- Look closely at the building, not just the unit. Short-term rental status, maintenance fees, reserves, special assessments and insurance costs vary widely between complexes and can change a property's value significantly.
- Get pre-approved now. With rates moving, a current pre-approval tells you exactly what you can afford and makes your offer stronger.
See our Maui buyer resources for more guidance on the buying process.
What This Means for Sellers
- Price to the current market, not last year's. Year-to-date medians are down about 6% to 7% for both homes and condos. Listings priced to recent comparable sales are the ones that sell.
- Condo sellers are facing less competition. New condo listings are down 25.4% from a year ago, so a well-presented, correctly priced unit has a better chance of standing out than it did earlier this year.
- Expect a longer timeline. Average time from listing to closing is 134 days for homes and 199 days for condos. Plan your move and any purchase around that.
- Presentation matters. With buyers comparing many options, condition, photography and accurate disclosure of STR status and building finances make a real difference.
Visit our Maui seller resources, or contact us for a free valuation of your property based on current sales.
More Maui Market Data
For neighborhood-level reports with current listings and recent sales, visit our Maui market reports directory and our Maui market update page, where we publish a new report each month.
Questions about how these numbers affect your property or your next purchase?
Contact Joe Erlemann and The Maui Property Team at Compass at (808) 217-8832 or joe@mauiproperty.com. We can prepare a custom report for your neighborhood or building.
Sources
- REALTORS Association of Maui, Inc., Monthly Indicators, September 2026, current as of October 1, 2026 (report prepared by ShowingTime Plus, LLC).
- Title Guaranty Hawaii, Maui Residential Sales Report, September 2026 (PDF), information effective October 1, 2026.
Figures cover residential sales recorded in the Maui MLS, which includes Maui, Molokai and Lanai. Information is deemed reliable but not guaranteed.