Market Update – March 2026

Hawai’i Island’s housing market in March reflected a mix of stabilization and adjustment across regions, with single-family home sales totaling 166 transactions (-11% YoY) island-wide. Kailua-Kona continued to anchor overall volume despite a pullback in both sales (-16% YoY) and median price (-19% YoY), pointing to normalization at the higher end of the market. In contrast, areas such as Kamuela (Waimea) saw increased sales activity (+50% YoY), reflecting continued demand at a slightly lower median sales price (-7% YoY). The condo market showed stronger momentum, with median prices rising 25% year over year to $775,000 and days on market improving to 52 days (-24% YoY), signaling more efficient movement of well-positioned inventory. Overall, March highlights a market shaped by regional and price-point variation, where demand remains present but increasingly selective across the island.

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

TOTAL SALES
Single Family Homes – Total sales of 166 single family homes marks a decrease of 11% in comparison to March 2025.
Condos – 51 total sold – down 4% from 2025 sales.
Land – 121 total sales of land offerings representing a decrease of 27% when compared against 2025 sales for March.

NEW LISTINGS
Single Family Homes – 181 new listings for March 2026. Down 43% from previous year.
Condominiums – 68 new condo listings for March 2025. Down 30% from March 2025.

Single Family Homes Specific Stats:
Median Sales Price:
$622,000 in March 2026. A decrease of 1% over median prices from March 2025.
Days on Market:
49 days on market for March 2026 – an increase of 3% from March 2025.

Condominium Specific Stats:
Median Sales Price:
$775,000 in March 2025. Median prices up by 25% from March 2025.
Days on Market:
52 median days on market in March 2026.  No change compared to previous year.

Vacant Land Specific Stats:
Median Sales Price:
$63,000 representing a 56% increase in median price over March 2025.
Days on Market:
30 Days on Market for land sold in March 2026.  A decrease for days on market of 23%