Maui Luxury Home Market Report: 3 Years of $5M+ Sales Reveal a Shifting Landscape (2023–2025)

The Maui luxury home market — properties selling at $5 million and above — has navigated a dynamic three-year stretch marked by post-pandemic demand shifts, wildfire recovery, rising interest rates, and evolving buyer priorities. After analyzing 97 closed luxury home transactions across 2023, 2024, and 2025, the data tells a nuanced story that every serious buyer, seller, and investor in Hawaii real estate needs to understand.

Here's what the numbers actually say — and what they mean for the road ahead.

Maui Luxury Homes

Featured Luxury Home at 300 Mahana Estates See Details at www.MahanaRidgeForSale.com

Three Years at a Glance: The Big Picture

Between 2023 and…

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Have Prices Dropped on Maui Home Prices? The Top 25 Best Value Properties Right Now

February 2026 Market Update | West Maui Single-Family Homes

The Short Answer: Prices Flat, But Value Improved Dramatically

After analyzing 2,243 sold properties from 2023-2026 and comparing them to current West Maui listings, here's what the data reveals: Maui home prices haven't dropped significantly—but the VALUE available to buyers improved 10-30%.

Historical Price Trends

From our analysis of sold properties:

  • 2023 Median: $1,200,000
  • 2024 Median: $1,300,500 (+8.4%)
  • 2025 Median: $1,295,000 (-0.4%)
  • 2023 Average: $1,738,869
  • 2024 Average: $1,800,092
  • 2025 Average:  $1,791,787

Prices essentially flatlined in 2025 after…

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