Maui Real Estate Market Update: September 2026 + Local Favorites
It’s been an incredibly busy couple months between end of summer, getting the kids back in school, and back to back hurricanes skirting by the island! Thankfully we’ve come out so far without too much damage, but keeping an eye out for anything else that’s coming.
If you’ve been watching the Maui market from the mainland and wondering when the right moment is, the data is telling a clear story right now. Prices have corrected from their 2022–2023 highs. Inventory is elevated but stabilizing. And buyer activity, particularly in the condo market, has picked up meaningfully. Here is where things stand as we move into the second half of 2026.
This Month on Maui
Maui Real Estate Market Update: September 2026
The median sale price for single-family homes on Maui came in at $1,200,000 in August 2026. That is down 7.9% year over year. It is a step up from July's $1,150,000, but still well below where the market sat a year ago. Total home sales were 64 transactions, up about 3% from the same period last year. On the condo end prices saw another drop after increases the 2 previous months. Median price for a condo hit $564,950, the lowest we’ve seen since 2021.
What this means in practice: buyers are showing up, even with prices still adjusting. Days on market dropped to 128, down 6.6% from last year, so homes priced to today's market are still moving at a reasonable clip. The gap between what sells fast and what sits is mostly a pricing conversation. Condos prices appear to still be unstable after a couple months of gains, so buyers are finding some real opportunities in the market.
For buyers, the correction is holding. Home values across Maui County are down roughly 6% year over year according to Zillow's Home Value Index. This isn't a crash, it's the same normalization we've been tracking all year. The room to negotiate that opened up 18 months ago hasn't closed, and there are some bargains to be had.
South Shore: Kihei, Wailea, Makena
The south side of Maui continued to move quickly but had slightly fewer condo closings in September, and roughly the same number of residential sales. Residential prices were up month over month, and also above Maui median price. This is largely based on a few upper end sales, such as the record high sale of a Moana Estates home for $2.4M. Condo pricing had a huge drop, with median price in Kihei at $513K, after July hit $695K.
Median Home Price in August 2026
Kihei Residential - $1,400,000 (9 sales)
Kihei Condos - $ 513,500 (27 sales)
Wailea/Makena Residential - $5,600,000 (2 sales)
Wailea/Makena Condos - $ 1,422,500 (4 sales)
Upcountry: Makawao, Pukalani, Kula
Upcountry is typically a pretty stable market for sales and prices, but the market has been a little slower than normal, although median price has been a little higher, which usually runs around $1.3M. 3 new home sales in Ho’okula (Hali’imaile) around $1.7M brought this up. Pukalani usually has more activity, but once again Kula was the star with 7 sales of properties sitting within the normal range for the area.
Median Home Price in July 2026
Makawao Residential - $1,695,000 (5 sales)
Pukalani Residential - $965,000 (4 sales)
Kula Residential - $1,600,000 (7 sales)
North Shore: Paia, Spreckelsville, Haiku
With only a small handful of sales it’s hard to get any real data point differences or changes for the north shore. The one sale in Spreckelsville was an off market 1 bedroom home on Laulea Pl that sold for nearly $3M! The market here seems slow but I know there is quite a bit of activity and prices have remained stable. Looking ahead there are 12 pending sales, and all but 1 are in Haiku.
Paia/Sprecks Residential - $2,950,000 (1 sale)
Haiku Residential - $1,700,000 (4 sales)
Central Maui: Kahului, Wailuku
Median prices for homes in Central Maui were down slightly in July, even as the number of sales increased. Increased activity shows that there is still high demand, especially for more value oriented properties. Even with prices down the closed to list price ratio was around 96%. In areas like Wailuku there is a broad range of homes selling from older plantation style fixers in the $600Ks to brand new construction homes around $1.4M.
Median Home Price in July 2026
Kahului Residential - $1,100,000 (13 sales)
Kahului Condos - $ NA
Wailuku Residential - $949,000 (9 sales)
Wailuku Condos - $ 545,000 (9 sales)
West Maui: Ka’anapali, Napili, Kapalua
The West Side of Maui saw a slight retreat in July of both prices and number of sales. There is still some uncertainty about what’s happening in the condo market, leaving inventory fairly high. It’s a buyer’s market overall, and with inventory still growing buyers can be more selective and have more leverage in negotiations.
Ka’anapali Residential - $2,400,000 (1 sale)
Ka’anapali Condos - $ 700,000 (5 sales)
Napili Residential - $1,700,000 (5 sales)
Napili Condos - $ 500,000 (15 sales)
Kapalua Residential - $ NA (0 sales)
Kapalua Condos - $ 1,200,000 (3 sales)
Bill 9 , Ordinance
Bill 9 was signed into law on December 15, 2025. It phases out short-term vacation rentals at apartment-zoned condos on the Minatoya List. The timelines: West Maui units must cease STR operations by January 1, 2029. The rest of the island, primarily South Maui, has until January 1, 2031.
Since then the Council has been working on some changes. Ordinance 6008 (Bill 88), effective June 22, 2026, which created two new hotel zoning classifications, H-3 and H-4, giving certain apartment-zoned properties a path to keep their vacation rental rights by converting to hotel zoning. This doesn't repeal Bill 9 and it doesn't automatically rezone anyone, it just opened the door for individual properties to apply.
Since then, the Council has been working through that door property by property, in waves, via numbered resolutions. The first wave, Resolutions 26-110 and 26-111, passed in July 2026. The second wave is Resolutions 26-129 and 26-130, which is what's actively in front of the HLU Committee right now. These target properties sitting in the Sea Level Rise Exposure Area, using the 3.2-foot coastal erosion threshold from the state's Sea Level Rise Viewer.
The committee has met multiple times on this, on August 5 and again August 19, and both times recessed without taking a vote, still working through a long list of testifiers. On top of that, three separate Council member amendments have been proposed to add 16 more properties to the list. Next meeting is September 22 to approve, revise, or reject the Bill 88 proposed properties.
Bottom line: nothing here is final yet. A property can be named in a resolution and still not be finally rezoned, since the path runs committee vote, then full Council vote, then Planning Commission review, then back to Council. If you're wondering whether your unit made the cut, the resolution lists are worth checking, but the process is still very much in motion. Reach out if you have any questions about a specific unit.
What This Means for Buyers Right Now
The market is still correcting. Prices are down meaningfully from the 2025 peak, condos especially, with median sale prices off double digits year over year through the summer. Inventory is still elevated, though the pace of new listings piling on has slowed compared to last year. What's changed is buyer activity. Pending sales have genuinely picked up, particularly in condos, where sales volume has been running well ahead of last year even as prices stay soft. Days on market have come down too, which tells me buyers are out there and willing to act when a property is priced right.
Earlier this year, the widely held expectation was that the Fed would start cutting rates through the second half of 2026, and that cheaper money would pull buyer demand back into the market. That hasn't happened. The Fed has held rates steady meeting after meeting, and as of late July, the committee was actually leaning toward the possibility of a hike before year end, not a cut, citing persistent inflation and lingering uncertainty tied to the conflict in the Middle East. So the buyers transacting right now are not positioning ahead of a rate-driven wave. They're buying because the price has adjusted to a level that pencils for them today, on today's rates.
There are no guarantees on when Maui trends back up, but a market that has already corrected and is still absorbing inventory is a very different entry point than one still searching for a bottom. If you've been waiting for the right moment, it's worth a conversation about whether this already is one.
Want the Full Picture?
I track this market every day. If you want to understand what the numbers look like for a specific neighborhood, a specific price range, or a specific property type, I am happy to walk you through it. No pressure. No pitch. Just the data and what it means for your situation.
DM me @mauireallife, email me at josh@joshfeyen.com, or get the free "Best Places to Live on Maui" guide for a full neighborhood-by-neighborhood breakdown with current pricing.
Free Guides for Your Maui Move
Since I get a lot of people asking me questions about where I live and what it’s like living here on Maui, I made a new YouTube video about it! This video covers what it’s like living on Maui’s North Shore, and covers some of the local favorite spots, and explores pricing in some of the different neighborhoods in Paia, Kuau, Haiku, and Spreckelsville.
Josh’s Favorite Maui Finds This Month
Summer on Maui has been full of morning beach days, hikes in the forest, barbeques with friends, and a camping trip to Kipahulu. On top of that we’ve surfed, joined the rock climbing gym, and spent a few hours at the Maui Ocean Center. Six years into calling this place home, I'm still struck by how much changes season to season, in the surf, in the market, and everything in between.
Where We Wandered
The Sacred Garden
Tucked away between Makawao and Haiku on Kaluanui Rd you could easily drive right by without a second thought. It’s probably not on a list of must dos for Maui but to me it’s probably one of the few actual hidden gems here.
I actually forget it’s there and more often than not drive by without thinking about it at all. But when my daughter begged to go on a Sunday afternoon, I found it a welcome respite to the heat and wind and general busyness of the day.
With over 10,000 sf of greenhouse space, there’s an incredibly eclectic blend of plants, flowers, garden decorations, and antiques creatively blended into the space. Many things are just part of the vibe and not for sale.
It’s all run by the non-profit Divine Nature Alliance, supported by the gift shop and nursery as well as donations. It’s free, open to the public, and a great place to explore and reset.
Aside from the greenhouse there are two labyrinths, a couple Shrines and different types of gardens and sitting areas.
If you’re in the area it’s definitely worth a visit. Like many things on Maui it’s a great escape for the mind, body, and soul.
Where We Ate
Artisan Ice Cream
Some of the freshest ice cream on the island, right in the heart of Paia. 🍨@artisanicecreampaia makes everything in small batches with organic milk and cream, and their vegan scoops are just as good, made with coconut cream and other non-dairy milks depending on the flavor.
Flavors rotate constantly, so there’s always a reason to stop back in. Fresh baked cookies, waffle cones, and even a pup cup for the dog waiting outside. 🍪🐶🍦
This is a Paia stop I never skip.
What the Kids Loved
End of Summer
Summer break is over, and the kids made sure to use every bit of it.
Tide pools at low tide, shells collected and pocketed like treasure, trees climbed just because they're there to climb. Sunrise surf sessions before school schedules take over the mornings again.
Thinking About Buying or Selling on Maui?
If you're thinking about buying, selling, or just want to talk through what a move to Maui could look like, I’d love to chat through your options. And if this was useful, forward it to a friend who's dreaming about Maui too.
Talk soon,
Josh