Market Statistics September 2025
The Big Island’s real estate market in September 2025 revealed a landscape of contrasts, with shifting trends between South Kohala and North Kona that reflect evolving buyer behavior and property demand.
In South Kohala, the residential market saw a notable decline, with median sales prices down 17.1% year-over-year to $897,500, suggesting a cooling in single-family home demand or a correction following earlier appreciation. Vacant land values held relatively steady, inching up 1.9% to $800,000, while condominiums surged 16.7% to $1,400,000, showing continued buyer interest in resort-style, low-maintenance living.
North Kona displayed a more uneven profile. Residential prices dipped 6.2% to $1,295,000, indicating mild market softening, while vacant land prices skyrocketed 520% to $3,100,000, reflecting a few high-value transactions or
limited inventory driving the median upward. The condominium market saw solid growth of 9.9%, with prices rising to $597,500, suggesting renewed confidence in the condo sector.
Year-to-date figures (January–September 2025) reinforce a trend of moderation and selectivity. In South Kohala, residential prices slipped 7.5%, vacant land declined 5.4%, and condos rose 10.2%, highlighting a continued shift toward income-producing and lifestyle properties. Meanwhile, North Kona showed modest decreases across all sectors—residential down 3.1%, vacant land down 12.1%, and condominiums down 5.3%—indicating cautious but steady buyer activity.
Overall, the Big Island market continues to underscore diverging trends. Residential prices show moderate declines, land values remain highly volatile—particularly in North Kona—and condominium demand stands out as a bright spot in both regions. These patterns suggest that while buyer confidence remains, the market is navigating a period of recalibration as consumers prioritize flexibility, investment potential, and long-term value across Hawaii Island’s diverse property sectors.
The Big Island’s real estate market in September 2025 revealed a landscape of contrasts, with shifting trends between South Kohala and North Kona that reflect evolving buyer behavior and property demand.
In South Kohala, the residential market saw a notable decline, with median sales prices down 17.1% year-over-year to $897,500, suggesting a cooling in single-family home demand or a correction following earlier appreciation. Vacant land values held relatively steady, inching up 1.9% to $800,000, while condominiums surged 16.7% to $1,400,000, showing continued buyer interest in resort-style, low-maintenance living.
North Kona displayed a more uneven profile. Residential prices dipped 6.2% to $1,295,000, indicating mild market softening, while vacant land prices skyrocketed 520% to $3,100,000, reflecting a few high-value transactions or limited inventory driving the median upward. The condominium market saw solid growth of 9.9%, with prices rising to $597,500, suggesting renewed confidence in the condo sector.
Year-to-date figures (January–September 2025) reinforce a trend of moderation and selectivity. In South Kohala, residential prices slipped 7.5%, vacant land declined 5.4%, and condos rose 10.2%, highlighting a continued shift toward income-producing and lifestyle properties. Meanwhile, North Kona showed modest decreases across all sectors—residential down 3.1%, vacant land down 12.1%, and condominiums down 5.3%—indicating cautious but steady buyer activity.
Overall, the Big Island market continues to underscore diverging trends. Residential prices show moderate declines, land values remain highly volatile—particularly in North Kona—and condominium demand stands out as a bright spot in both regions. These patterns suggest that while buyer confidence remains, the market is navigating a period of recalibration as consumers prioritize flexibility, investment potential, and long-term value across Hawaii Island’s diverse property sectors.
