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.

Brief Overview:
Island of Hawaii Unit Sales Stats for May 2026 VS. May 2025 

TOTAL SALES
Single Family Homes – Total sales of 180 single family homes marks an increase of 3% in comparison to May 2025.
Condos – 39 total sold – down by 19% from May 2025 sales.
Land – 128 total sales of land offerings representing a decrease of 16% when compared against 2025 sales for May.

NEW LISTINGS
Single Family Homes – 199 new listings for May 2026. Down 25% from previous year.
Condominiums – 50 new condo listings for May 2025. Down 24% from May 2025.

Single Family Homes Specific Stats:
Median Sales Price:
$468,000 in May 2026. A decrease of 15% over median prices from May 2025.
Days on Market:
29 days on market for May 2026 – an increase of 11% from May 2025.

Condominium Specific Stats:
Median Sales Price:
$479,000 in May 2026. Median prices down by 41% from May 2025.
Days on Market:
84 median days on market in May 2026.  A 5% decrease compared to previous year.

Vacant Land Specific Stats:
Median Sales Price:
$48,000 representing a 20% decrease in median price over May 2025.
Days on Market:
54 Days on Market for land sold in May 2026. A decrease of days on market of 1%.