By Benjamin Finnerty (S), REALTOR® (RS-83812) with Keller Williams Realty Maui · Kīhei, Maui · 808-481-9748

Quick Answer: The Maui real estate market moved two ways in September 2026. Per the REALTORS® Association of Maui, the countywide single-family median fell 11.0% year over year to $1,150,000 on 52 sales, while condo closings jumped 56.5% to 72 and the condo median held at $660,000. That points to negotiating room for buyers and realistic pricing for sellers.

I’m Benjamin Finnerty, a REALTOR® in Kīhei with Keller Williams Realty Maui, and every month I go through the REALTORS® Association of Maui (RAM) Monthly Indicators report so buyers and sellers can see what’s actually happening. The September 2026 report came out at the start of October, and it gives the clearest look yet at how the fall market is shaping up. Here is what the numbers say and what I think they mean for you.

What Did the Maui Real Estate Market Do in September 2026?

Single-family prices fell while condo sales surged. Here are the headline numbers for Maui County, September 2026 compared with September 2025:

	Single-Family Homes	Condos
Median sales price	$1,150,000 (down 11.0%)	$660,000 (up 1.1%)
Closed sales	52 (down 7.1%)	72 (up 56.5%)
Pending sales	59 (up 9.3%)	50 (down 9.1%)
New listings	85 (down 1.2%)	106 (down 25.4%)
Days on market until sale	134	199
Percent of list price received	94.7%	94.7%
Homes for sale (inventory)	457	822
Months of supply	7.8	12.1

Source: REALTORS® Association of Maui, Monthly Indicators, September 2026.

Why Are Maui Home Prices Down but Condo Sales Up?

Home prices are down because more of September’s sales happened at lower price points, while condo sales are up because buyers are responding to lower year-to-date prices. On the single-family side, the median dropped from $1,292,500 last September to $1,150,000. One month doesn’t make a trend, but the year-to-date number tells a similar story: the median for January through September 2026 is $1,219,000, down 6.2% from $1,300,000 in 2025. Sales are roughly flat, with 537 homes sold so far this year, up 1.9%.

A falling median doesn’t always mean every home is worth less. The average sale price actually rose 6.1% to $1,861,394, which tells me a handful of higher-end sales pulled the average up while more of the typical sales happened at lower price points. The mix of homes that sell in a given month matters a lot on an island this size.

The condo story is about activity. Through September 2026, 620 condos have closed countywide, up 21.1% from last year, while the year-to-date median fell 6.8% to $655,000. Many buyers are also weighing what Bill 9’s vacation rental phase-out means for specific buildings, which has pushed some owners to sell and opened doors for buyers who plan to live in their unit or rent it long term.

Is It a Buyer’s Market for Maui Condos?

For condos, the data points that way: 12.1 months of supply in September 2026, where around six months is often described as balanced. Months of supply estimates how long it would take to sell every listing at the current pace. Supply is down from 15.2 months a year ago, inventory eased from 871 condos last September to 822 now, and new condo listings fell 25.4%.

Days on market tell the same story. Condos that sold in September spent 199 days on the market, according to RAM’s days-on-market measure, compared with 127 days a year earlier. Sellers received 94.7% of list price on average, so negotiating room is real, but it isn’t unlimited.

Single-family homes sit at 7.8 months of supply, slightly tighter than last year’s 8.2 months. Pending home sales rose 9.3%, a sign that some buyers are stepping back in this fall.

How Did Kīhei, West Maui and Wailea Condos Do in September 2026?

Kīhei led condo activity, while Wailea/Mākena posted the highest median. A few area highlights from RAM’s September 2026 report:

• Kīhei condos: 24 sales in September at a $539,500 median. Year to date, Kīhei has 222 condo sales (up from 185), with a median of $596,000 compared with $675,000 in 2025.
• Nāpili/Kahana/Honokōwai condos: 13 sales in September. Year to date, 106 sales versus 81 last year, with a median of $537,500 (down from $610,000).
• Kāʻanapali condos: 11 sales in September at an $800,000 median. Year to date, 70 sales versus 51, with the median at $1,027,500.
• Wailea/Mākena condos: 10 sales at a $2,222,500 median in September, and 66 sales year to date.

Small monthly sample sizes can swing medians a lot, so I always look at year-to-date figures alongside a single month.

How Do Mortgage Rates Fit In?

Freddie Mac’s weekly survey put the 30-year fixed rate at 7.28% on October 1, 2026, and rates are the other half of the affordability equation. Higher rates help explain why buyers are negotiating harder and why sellers who price above the market are sitting longer. If you’re paying cash or have flexibility on loan type, the current market can work in your favor.

My Take: What I’m Telling Buyers and Sellers This Fall

If you’re buying: With condos at 12.1 months of supply and 199 days on market, this is one of the better negotiating windows Maui has seen in years. Ask for seller credits toward closing costs or a rate buydown, look closely at listings that have been on the market for months, and review association documents carefully, including zoning and rental rules.

If you’re selling: Price with the current market, not last year’s. Buyers are active, but they have plenty of choices. Strong presentation, clean disclosures and a realistic price are what’s getting homes sold right now.

If you’re an investor: Check each building’s zoning and Bill 9 status before you make an offer. The phase-out dates, and the hotel-zoning process now moving through the County, can change what a unit is worth to you.

Frequently Asked Questions

What was the median home price on Maui in September 2026?

According to RAM, the Maui County median single-family price was $1,150,000, down 11.0% from $1,292,500 in September 2025.

What was the median condo price on Maui in September 2026?

The countywide condo median was $660,000, up 1.1% from $652,500 a year earlier. The year-to-date condo median is $655,000.

Is it a buyer’s market on Maui right now?

For condos, the data points that way: 12.1 months of supply and 199 days on market in September 2026. Single-family homes are closer to balanced at 7.8 months of supply.

Are more homes selling on Maui in 2026?

Yes for condos (620 sales through September, up 21.1%) and slightly for single-family homes (537 sales, up 1.9%).

For context, compare these figures with Maui’s August 2026 market numbers, see the monthly payment math at 7.28% mortgage rates, or dig into Maui condo prices by area.

Ask Benjamin

Numbers like these are a starting point, and every area and building on Maui behaves a little differently. I’m Benjamin Finnerty, and I’m happy to walk you through what the data means for the specific homes or condos you’re watching. Call or text me at 808-481-9748 or email benjaminfinnerty@gmail.com anytime, no pressure.

Sources: REALTORS® Association of Maui (Monthly Indicators, September 2026); Freddie Mac Primary Mortgage Market Survey (October 1, 2026).