Market Statistics June 2025
The Big Island’s real estate market continues to reflect shifting dynamics, with June 2025 revealing contrasting trends across key areas like South Kohala and North Kona. In South Kohala, residential properties saw a notable decline, with median sales prices dropping 14.2% year-over-year to $846,825. Vacant land sales followed suit, plunging by over 50% to $374,500—suggesting a significant cooling in land demand. In sharp contrast, the condominium market soared, with median prices surging 160.9% to reach $1,500,000, indicating robust buyer appetite for turnkey or investment properties.
North Kona presented a more mixed performance. Residential prices rose by nearly 19%, climbing to $1,322,500, reflecting steady interest in single-family homes. However, vacant land experienced a steep decline, falling 54.9% to $925,000. The condominium segment remained essentially flat, dipping slightly by 1.2% to a median of $585,000.
Year-to-date data from January through June 2025 highlights broader market patterns. In South Kohala, residential prices eased by 5.7%, while vacant land recorded an impressive 135% jump to $1,292,500, underscoring sustained demand for buildable parcels over the longer term. Condominium values also advanced strongly, up 20.9% compared to the same period in 2024. Meanwhile, North Kona’s residential market saw healthy growth of 8.8%, while vacant land fell nearly 30%. Condo prices remained unchanged year-over-year.
Overall, the Big Island market underscores diverging trends: residential price growth is more tempered, vacant land demand has become increasingly volatile, and condominium values are seeing renewed momentum in South Kohala. These shifts suggest that while confidence in the market remains, buyers and investors are recalibrating their focus across property types and regions.
