06/04/2026
Hawaiʻi Island’s housing market reflected two distinct stories in May, with single-family home activity remaining stable while the condo segment slowed considerably. Island-wide, single-family home sales totaled 180 transactions (+3% YoY), holding within recent ranges, though the median price declined 15% year over year to $467,500, the lowest level since April 2023. This activity was driven less by weakening demand and more by stronger activity in attainable East Hawaiʻi markets, led by Pāhoa with 42 sales (+62% YoY) at a $375,000 median (+30% YoY), alongside Hilo and Volcano, each posting 14 sales at median prices of $535,000 (-12% YoY) and $350,000 (-13% YoY), respectively. Together, these markets helped pull the island-wide median lower while days on market improved to 29 days, reflecting quicker movement in key submarkets.
Conversely, the condo market showed a slower pace, with median days on market climbing to 84 days, the longest since January 2018, alongside a sharp decline in the island-wide median price to $479,000 (-41% YoY). Much of this trend was concentrated in Kailua-Kona, where softer pricing and longer marketing times heavily influenced island-wide metrics. Waikoloa reinforced the softer condo pricing trend, posting a $395,000 median (-54% YoY) alongside longer days on market. One notable counterpoint came from Kamuela’s luxury condo market, where 7 sales produced a $4.27 million median (+83% YoY) and faster movement, illustrating how smaller datasets can create sharp localized contrasts. Despite softer condo conditions, total sales across both segments remained broadly in line with recent market activity, highlighting a market shaped more by regional and price-point mix than by a broad decline in demand.
For a full report, including market activity by region and area, send me a message and I'll be happy to provide a complete PDF of the May stats.
Sara Kam, REALTOR® RS-87708
Coldwell Banker Island Properties
Waimea Office, Big Island Hawaii
(808) 731-9597
[email protected]