Kihei Real Estate Market Report 2026

The Kihei real estate market in 2026 is bifurcated, with monthly sale-price medians moving sharply as the mix of condominiums, single-family homes, and higher-end South Maui properties changes. Kihei's recorded sales through July 2026 show a $959,500 median sale price across 654 sales, with monthly medians ranging from $649,000 in June 2026 to $1.25 million in January 2026. For buyers and sellers, the practical takeaway is to compare a property with closely matched sales, not with one communitywide number.

Kihei Real Estate Market Snapshot in 2026

Kihei's available sales record points to a market where transaction mix matters as much as the headline median (as of July 2026).

• Median sale price: $959,500 across 654 recorded sales
• Average sale price: $1,353,597
• June 2026 median sale price: $649,000
• June 2026 recorded sales: 45

Where the Kihei Real Estate Market Stands Right Now

Kihei is showing a bifurcated market, with results varying substantially by property type, condition, location, and permitted use. Monthly medians moved from $842,500 in August 2025 to $1.25 million in January 2026, then to $649,000 in June 2026. That is not a simple upward or downward path. It reflects which properties closed during each month.

Island-wide figures show the same split. In September 2026, Maui County condominium sales rose 56.5% year over year to 72, with a median price of $660,000, while single-family sales fell 7.1% to 52 and the median price dropped 11% to $1.15 million.

Buyers have more room to evaluate alternatives when a property has nearby competition, deferred maintenance, high carrying costs, or a price that does not align with recent comparable sales. Sellers with well-maintained homes, desirable beach-adjacent locations, usable outdoor space, or clearly documented condominium details can still stand apart.

Kihei is a census-designated place and South Maui community, not one interchangeable pool of real estate. The sales figures in this article come from the Kihei postal-city record, which also takes in neighboring South Maui addresses that share the Kihei mailing address, so it covers a wider area than the Kihei census-designated place. A conventional condominium, a hotel-zoned condominium, and a single-family home may attract different buyers and involve different ownership assumptions. Monthly medians can shift when one category accounts for a larger share of closings.

The strongest way to read the Kihei real estate market is at the building, neighborhood, and property-category level. Buyers should compare recent sales with similar location, condition, amenities, and ownership profile. Sellers should use the same discipline when setting an asking price.

What Is Driving the Kihei Market in 2026

Kihei market conditions are shaped by South Maui employment, lifestyle demand, limited replaceable housing supply, and property-specific rules that affect ownership decisions.

Tourism, Service, and Retail Activity

Tourism, accommodation, food service, and retail activity remain important parts of the South Maui economy. That employment base supports demand from local households while also making the area attractive to second-home owners and buyers who value proximity to beaches, dining, and everyday services.

South Maui Lifestyle Demand

Kihei continues to draw buyers seeking a coastal lifestyle without limiting their search to resort-oriented properties. Beach access, recreation, shopping, and practical access to the rest of the island create demand across a range of condominium and single-family home options.

Vacation Rental and Use Rules

Ownership rules can materially affect value in Kihei, particularly for condominiums with different zoning and association restrictions. Maui County's Bill 9, signed in December 2025, phases out transient vacation rental use in apartment-zoned districts, and the deadline for Kihei properties is January 1, 2031. A follow-up measure, Bill 88, created new H-3 and H-4 hotel zoning classifications that some grandfathered buildings can apply for. The first rezoning resolutions, which include Kihei complexes, are now before the Maui Planning Commission, which has been asked to finish its review by November 24, 2026, and no outcome should be assumed. Hotel-zoned condominiums are not affected by the phase-out.

Buyers should confirm zoning, association documents, rental rules, and legal use before relying on projected rental income, and a Hawaii real estate attorney can advise on a specific building.

Segmented Supply

Kihei supply is divided among owner-occupied condominiums, hotel-zoned units, and single-family homes. Comparing Kihei homes and condominiums within the same ownership category gives a more useful view than treating all active properties as direct alternatives.

Kihei Price Trends Reflect a Changing Sales Mix

Kihei's available monthly sales data show variable pricing rather than a single uniform 12-month trend. The median was $842,500 in August 2025, $972,000 in October 2025, $1.028 million in November 2025, $1.25 million in January 2026, $1.0035 million in March 2026, and $649,000 in June 2026.

These changes should be read carefully. A month with more upper-tier homes, ocean-view residences, or premium condominiums can raise the median. A month with more entry-level condominium sales can lower it, even when the value of a particular building or neighborhood has not changed at the same pace.

Because price per square foot and single-family versus condominium pricing vary widely by building, a property-specific analysis should prioritize recent closed sales in the same building or closely matched neighborhood.

Inventory and Days on Market

Kihei inventory and days on market should be evaluated by segment because buyers are not choosing among identical properties. A balanced market is often described as roughly four to six months of supply, but that benchmark is less precise when condominium rules, amenities, fees, and permitted uses differ widely.

The available sales series recorded 29 closings in May 2026 and 58 in March 2026, which shows that transaction activity can change meaningfully from month to month. County-wide, single-family homes spent 128 days on the market and condominiums 171 days in August 2026, which gives a sense of how much time buyers currently have to evaluate their options.

Buyers should focus on the number of credible choices in the same building, price range, and ownership category. Sellers should identify the listings a qualified buyer would realistically compare against their home. A well-presented property priced close to recent comparable sales can earn attention, while a listing positioned above similar alternatives may need more time.

What This Market Means for Buyers

• Compare like with like: Use sales from the same building, neighborhood, condition category, and permitted-use profile instead of applying the $959,500 Kihei median to every property.
• Read monthly medians carefully: The $649,000 to $1.25 million range shows why one month of closings does not define every condominium or home.
• Confirm ownership details early: Review zoning, association documents, rental rules, insurance, and recurring costs before finalizing a purchase strategy.
• Budget beyond the loan payment: Association dues, taxes, insurance, utilities, and maintenance can materially change the monthly ownership picture.

What This Market Means for Sellers

• Price from close comparables: Recent sales in the same building or a closely matched neighborhood are more useful than a broad Kihei-wide median.
• Document the ownership story: Clear records for association requirements, upgrades, maintenance, and permitted uses help buyers assess a property confidently.
• Lead with condition and presentation: Updated homes and accurate listing information can stand out when buyers have meaningful alternatives.
• Expect informed negotiations: Buyers are weighing carrying costs, condition, and ownership rules alongside the purchase price.

Mortgage Rates and Buyer Purchasing Power in 2026

Mortgage rates remain important to Kihei purchasing power because buyers often need to account for condominium fees, insurance, taxes, and maintenance alongside principal and interest. A rate change affects the loan amount supported by the same monthly payment, even if the target purchase price does not change.

A buyer can estimate purchasing power by selecting a monthly principal-and-interest budget, entering a current loan rate, and comparing that result with the payment supported at an earlier rate. The calculation should then include down payment, property taxes, insurance, association dues, and expected maintenance.

A mortgage payment calculator can help buyers test payment scenarios before matching the result to recent comparable sales in their preferred Kihei property category.

Kihei Market Indicators, 2026

Kihei sales data available through July 2026 show a broad spread in monthly results, making property-specific comparisons more useful than a single headline number.

For a property-specific interpretation, Jyoti Graziano can help buyers and sellers compare recent Kihei sales with the homes or condominiums that are relevant to their plans.

FAQ: Kihei Real Estate Market 2026

Is Kihei a buyer's or seller's market right now?

Kihei is neither uniformly a buyer's nor a seller's market because leverage changes by property category. The available record includes 654 sales and a $959,500 median through July 2026, but condition, pricing, location, and ownership rules determine how much negotiating room exists.

Are home prices in Kihei going up or down in 2026?

Kihei home prices are moving unevenly rather than in one consistent direction. The monthly median reached $1.25 million in January 2026 and $649,000 in June 2026, which reflects changes in the mix of homes and condominiums closing.

How long does it take to sell a home in Kihei?

Selling time depends on price, condition, location, and the number of similar listings available. The monthly sales series ranged from 29 closings in May 2026 to 58 in March 2026, showing that buyer activity can vary by month and property type. County-wide, single-family homes spent 128 days on the market and condominiums 171 days in August 2026.

Is Kihei a good place to invest in real estate?

Kihei can suit an investment plan when legal use, association rules, carrying costs, and resale demand align with the buyer's objective. The reported sales range spans from $80,000 to $9 million, illustrating the variety of ownership profiles represented in the area.

What is the outlook for the Kihei housing market for the rest of 2026 or into 2027?

The outlook depends more on pricing discipline and property category than on one communitywide forecast. With monthly medians ranging from $649,000 to $1.25 million in the available 2026 series, current comparable sales and ownership costs should guide decisions.

Talk to a Kihei Market Expert

Jyoti Graziano is a licensed REALTOR® (Hawaii License RS-81732) based in Kihei who works with buyers and sellers throughout South Maui, with particular expertise in condominiums, hotel-zoned properties, vacation rental rules, and Hawaii purchase contracts. For a practical reading of comparable sales, condominium details, and current market positioning, call or text 808-793-6181, email jyoti@mauiluxeproperties.com, or use the contact page. You can also browse current listings to see how recent sales compare with what is on the market today.