Maui Real Estate Market Report: Mid-Year 2026
Halfway through 2026, Maui is running two completely different markets at the same time, and almost every headline is averaging them into one misleading number.
Here is what actually happened in June, straight from the REALTORS Association of Maui.
Single-family homes are stronger than people think
78 single-family homes sold in June 2026, up 16.4% from the 67 sold in June 2025. The median price rose 4.4% to $1,356,975. And homes sold in a median of 133 days, which is 7.6% faster than a year ago.
Read that again. More sales, a higher median, and faster sales. That is not a collapsing market. Anyone telling you Maui real estate is in freefall is not looking at the single-family numbers.
Condos are on a different planet
88 condos sold in June, up 51.7% year over year. But the median price fell 8.8% to $625,000, and median days on market climbed to 172 days, up 41%.
So condos are moving in much higher volume, at meaningfully lower prices, and taking nearly six months to sell. That is not a recovery. That is repricing.
Why the split, and why it matters to you
This divergence is not random, and it is not a coincidence. It is Bill 9.
Maui County’s short-term rental phase-out put roughly 7,000 Minatoya-list condo units on a clock. West Maui’s last legal transient rental night is December 31, 2028. South Maui’s is December 31, 2030. Owners are doing the math and deciding whether to sell now, convert to long-term rental, or hold. A lot of them are selling. That is where the volume is coming from, and that is why the median is falling while days on market stretches.
Single-family homes are not touched by Bill 9. No clock, no phase-out, no legislated end to the use of the asset. And the numbers show it.
What this means if you are buying
You have leverage you have not had in years. Inventory is up, sellers are negotiating, and 133 to 172 days on market means nobody is getting stampeded into a decision. As RAM President Georgie Tamayose put it in the June release, buyers now have more choices and more time to make informed decisions.
But leverage is not the same as a free lunch. If you are looking at condos, the discount is real and so is the reason for it. A cheaper Kihei condo that loses its rental income in 2030 is not automatically a deal. Underwrite what you are actually buying: a defined number of remaining income years plus a long-term-rental asset after that.
What this means if you are selling
If you own a single-family home, the data is on your side. Median up, days on market down. Price it correctly and it moves.
If you own a Minatoya-list condo, you are competing with a wave of owners who reached the same conclusion you did. Every month you wait is one fewer month of legal rental income for your buyer, and they price accordingly. That is not a scare tactic. It is what the 8.8% median decline and the 41% jump in days on market are made of.
The Upcountry angle
Here is what the island-wide median hides. Upcountry and the North Shore, Haiku, Makawao, Pukalani, and Kula, behave much more like the single-family number than the condo number. Land, privacy, no short-term rental exposure, and a deep bench of long-term local tenants. It is the quietest, most durable corner of this market, and it is the one I know street by street.
The honest summary
Maui in mid-2026 is a buyer’s market with a very important asterisk. The discounts are concentrated in exactly the asset class that has a legislated problem. The assets without that problem are holding, and in the single-family case, appreciating.
Knowing which one you are looking at is the whole job.
Send me an address and I will tell you which market that property is actually in, what it should be worth, and what its Bill 9 and tax exposure looks like.
Mick St John, REALTOR® with Compass in Haiku. (808) 281-9530 or mick@stjohnhawaii.com.
Data source: REALTORS Association of Maui, June 2026 statistics, reported by Maui Now on July 14, 2026. General information, not investment advice.