The Hawai’i Island real estate market in July 2025 reflected a more measured pace, with properties taking longer to sell and some submarkets showing signs of gradual price softening. Median days on market for both single-family homes and condos reached 53 days this month. While this is a shift from the faster sales pace of recent years, pricing in many areas remains historically strong — especially in West Hawai‘i, where the median price is still above $1 million.
Big Picture Summary: Hawai’i Island Real Estate Trends (July 2025)
- Overall single-family home sales: 159 homes sold (down 14% YoY)
- Median single-family home price: $535,000 (down 8% YoY)
- Condominium market: Median condo price at $620,000 (down 14% YoY)
- Condo sales volume: 41 condos sold (down 23% YoY)
The market remains balanced compared to pre-COVID conditions, with no immediate signs of a downturn. Well-priced, well-presented homes continue to attract buyers, but marketing time is stretching, particularly for properties outside high-demand zones.
Spotlight: Kona Real Estate Market Update (North & South Kona)
North Kona – July 2025
- Single-Family Home Sales: 21 homes sold (down 48% YoY)
- Median Single-Family Price: $1.2M (down 27% YoY)
- Condominium Sales: 24 units sold (down 25% YoY)
- Median Condo Price: $636K (down 15% YoY)
North Kona saw significant drops in both home and condo sales volume, along with price adjustments. Even so, median single-family prices remain in the $1M+ range, showing the continued appeal of this sought-after coastal market.
South Kona – July 2025
- Single-Family Home Sales: 8 homes sold (down 11% YoY)
- Median Single-Family Price: $960K (up 31% YoY)
- Condominium Sales: 0 reported
- Vacant Land/Other Transactions: 9 (up 29% YoY)
South Kona’s median home price saw a sharp YoY increase, underscoring buyer demand for larger, more private properties with scenic settings.
Noteworthy Trends Across the Island
- North Kohala: Home sales down 50% YoY; median price softened by 12% to $713K.
- South Kohala: Mixed market — single-family median price up 1% to $1.2M, but condo prices dropped 42% to $620K.
- Hamakua: Small sample size but strong home price growth (+57% YoY).
- North Hilo: Extremely limited transactions; one SF home sale at $795K and one condo at $1.1M (+659% YoY for condos).
- South Hilo: Single-family sales down slightly (-12%) with a median price of $568K (-9% YoY).
- Puna: Still the island’s most active market — 71 SF homes sold (down 1% YoY) at a median price of $400K (+1% YoY).
- Ka‘ū: Median price rose 17% to $335K; overall sales dipped 43% YoY.
Key Takeaways for Buyers and Sellers
For Buyers:
- Longer days on market mean more negotiation opportunities, particularly outside of Kona and Kohala.
- Median prices are holding in prime West Hawai‘i locations, so buyers should be ready to act quickly in those submarkets.
For Sellers:
- Presentation and pricing are crucial in today’s more deliberate market.
- Homes in the $1M+ range in Kona and Kohala continue to attract qualified buyers, but expect more time before securing an offer.
For Investors:
- The luxury condo segment is seeing price variability, opening the door for strategic acquisitions in resort areas like Waikoloa and South Kohala.
FAQ: Hawai’i Island Real Estate – July 2025
Is the Big Island housing market slowing down in 2025?
Not necessarily slowing — but adjusting. Sales volumes are down in most regions, yet median prices remain stable or growing in key submarkets like South Kona and West Hawai‘i.
Are condos or single-family homes a better investment right now?
Single-family homes in Kona and South Kona are holding or growing in value, while the condo market shows mixed trends depending on location.
What is the median home price in Kona as of July 2025?
- North Kona SF median: $1.2M
- South Kona SF median: $960K
- North Kona condo median: $636K
How fast are homes selling right now?
- Single-family homes: Median 53 days on market (up from last year)
- Condos: Also 53 days median DOM, with some luxury inventory taking longer to move.
Is it a good time to sell?
Yes — but success hinges on strategic pricing and marketing, especially in today’s more measured market pace.
Final Thoughts
July’s Hawai‘i Island market data shows a balanced environment where buyers have more breathing room and sellers must focus on competitive positioning. West Hawai‘i’s resilience, particularly in South Kona, continues to anchor the island’s market strength.
If you’re planning to buy or sell on Hawai’i Island, local expertise remains essential for navigating these evolving conditions. I’m here to provide data-driven strategies and on-the-ground insights tailored to your real estate goals.