February 2026 Big Island Real Estate Market Report
The Big Island real estate market in February 2026 reflected a mix of stability and shifting momentum across property types. While overall transaction volume softened slightly compared to January, pricing trends remained steady or improved in several segments—highlighting a market that continues to find balance.
From residential homes to condos and land, each segment is moving at its own pace, offering unique opportunities depending on your goals.
👉 Read the Full Big Island February 2026 Market Report Here!
Single-Family Homes on the Big Island: Steady Pricing to Start 2026
Single-family home sales totaled 128 closings in February, down from January and slightly below last year’s pace. Despite this slowdown in activity, pricing remained steady, with the median sales price holding at $575,000.
Homes spent an average of 83 days on market, an increase from the previous month. This suggests buyers are taking more time to evaluate options, though demand remains consistent—especially in areas like Puna and North Kona, which continue to drive a large share of activity.
What this means:
The market is stabilizing, with buyers being more selective while still actively engaging when homes are priced appropriately.
Big Island Condo Market: Sales Adjust, Buyers Remain Selective
The condo market remained relatively steady, with 40 units sold in February. While overall volume stayed consistent, pricing saw a notable increase, with the median sales price rising to $736,500.
This increase was largely driven by activity in higher-priced West Hawaiʻi markets, particularly in North Kona and South Kohala, where demand for resort-style and investment properties remains strong.
At the same time, condos moved more quickly, averaging 52 days on market, a significant improvement from January.
What this means:
Condos are seeing renewed momentum, particularly in premium markets, with faster movement and strong pricing in key areas.
Big Island Land Market:
Land sales held steady with 103 transactions in February, matching January’s volume. Pricing also saw a notable increase, with the median land price rising to $68,500.
Land listings averaged 103 days on market, improving from the previous month, indicating slightly faster movement in this segment.
The majority of land activity continues to be concentrated in Puna, where affordability remains a major driver for buyers.
What this means:
Demand for land remains consistent, especially among buyers seeking entry-level opportunities and long-term investment potential.
Islandwide Insights: East VS. West Hawaiiʻs Breakdown
One of the most important takeaways from February’s data is the continued contrast between East and West Hawaiʻi markets.
East Hawaiʻi (Hilo, Puna, Kaʻū):
More affordable price points continue to drive higher transaction volume, especially in the land and entry-level home markets.West Hawaiʻi (Kona, Kohala):
Higher price points and luxury inventory continue to influence median prices, particularly in the condo market.
This balance between affordability on the East side and premium inventory on the West side is a defining characteristic of the Big Island market.
What This Means for Big Island Buyers & Sellers
For Buyers
More time to evaluate single-family homes as days on market increase
Opportunities in the land market, especially in East Hawaiʻi
Strong but selective condo market in West Hawaiʻi
For Sellers
Pricing strategy is critical as buyers become more selective
Well-positioned homes are still attracting attention
Condo sellers in premium markets may benefit from strong pricing trends
Your Next Step: Connect with a LUVA Realtor
At LUVA Real Estate, we provide local expertise across Hawaiʻi Island—from Kona to Hilo and everywhere in between. Whether you’re buying, selling, or investing, our team is here to guide you with real, on-the-ground insight.