Published: February 2026 | Data sourced from Hawaii Island REALTORS MLS, February 2026. Note: Kona median single-family price (~$1.3M) and Kona condo median days on market (9 days) should be verified against the MLS source before publishing.
A Market Defined by Regional Nuance Across Hawaiʻi Island
The Hawaiʻi Island real estate market entered February 2026 with a notable shift in transaction volume but continued stability in pricing. While overall sales activity slowed compared with the previous year, median home values across many districts held steady. This pattern suggests a market that is adjusting to Buyer behavior rather than experiencing a structural decline.
According to the February 2026 Hawaiʻi Island housing data:
- Single family home sales totaled 125 transactions across the island — a 12 percent decline compared with February 2025. Despite fewer transactions, the median sales price increased to $580,000, reflecting a three percent year-over-year rise.
- The condominium market recorded 37 total sales, representing a 20 percent decrease compared with the same period last year. Median condominium pricing reached $735,000. One of the most notable changes was the sharp drop in median days on market to 13 days, indicating strong Buyer interest in well-positioned properties.
Overall, the February numbers reflect a market shaped by geographic variation rather than island-wide contraction.
Kailua Kona Real Estate Market Trends
The Kailua Kona real estate market continues to serve as a central driver of activity within the broader Big Island real estate market. In North Kona, February recorded 24 single family home sales. The median sales price reached approximately $1.3 million.
The condominium segment in Kailua Kona saw 22 transactions with a median price of approximately $717,500. With a median time on market of only nine days, condominiums remain one of the most active sectors of the Kona real estate market.
Kohala Coast Real Estate Market
The Kohala Coast real estate market, particularly in South Kohala, remains one of the most desirable luxury property regions in Hawaiʻi. In February, South Kohala recorded 15 single family home sales with a median price of $1.1 million. The condominium segment showed particularly strong pricing with a median price of $1.2 million across 13 sales.
East Hawaiʻi Real Estate Activity
The eastern side of Hawaiʻi Island provides a different perspective on the real estate market, with greater affordability and higher transaction counts in certain districts.
The Hilo real estate market recorded 17 home sales with a median price of $635,000. The Puna real estate market remains one of the most active by transaction volume — February recorded 54 home sales with a median price of $404,000.
What the February Data Suggests
Several key trends emerged from February’s housing data. First, the decline in transaction volume does not appear uniform across all districts — it is concentrated in a few regions, particularly Kaʻū. Second, median pricing across many districts remains relatively stable, suggesting Sellers are not significantly lowering prices. Third, the condominium market is showing strong absorption, with just 13 days median time on market indicating properly priced condos are moving quickly.
Frequently Asked Questions About Hawaiʻi Island Real Estate
Is the Big Island real estate market slowing down in 2026?
Transaction volume declined during February compared with the previous year. However, median home prices increased slightly and many districts remain stable.
Where are the most expensive real estate markets on the Big Island?
The Kailua Kona real estate market and the Kohala Coast real estate market consistently report the highest median prices on the island.
Are condos selling quickly on the Big Island?
Yes. February data shows a median time on market of only 13 days for condominiums, indicating strong Buyer demand.
Is Kona still a strong real estate investment location?
Kona remains one of the most sought-after locations on Hawaiʻi Island due to ocean views, resort communities, and tourism-driven demand.
Hawaiʻi Island Real Estate Outlook for 2026
The February data paints a picture of a market finding its footing after the pace of pandemic-era years. Volume is down, but pricing is holding. Districts are diverging. And Buyers who move decisively on well-positioned properties are still finding the market receptive.
To learn more about buying or selling property across the Big Island real estate market, get in touch with Marco or browse active listings.
Marco A. Silva RB 20599 | 808-557-8921
Marco@KonaLuxuryRealEstate.com
@coldwellbankerislandproperties RB 16822