Hawaii started 2025 with a total of 1,988 single-family homes on the market, with a median home price of $1,269,500 and an average price per square foot of $970.12. By the end of the year, inventory had increased to 2,224 homes on the market (+12%), with a median home price of $1,298,500 (+2%), and an average price per square foot of $994 (+2%).
At the start of 2025, the median days on market (DOM) was 105 days – by the end of the year, median DOM had increased to 112 days.
Hawaii started the year with 28.07% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 28.73% of homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Hawaii started 2025 as a buyer's market, with an MAI score of 27; by the end of the year, the MAI had increased to 29 – a buyer's market.Market Update for June 10, 2026
