January 2026 Big Island Real Estate Market Report: What Buyers & Sellers Need to Know
The Big Island real estate market began 2026 with a seasonal shift in activity, as sales volume moderated following December’s year-end surge. While transaction counts declined month-over-month, pricing across single-family homes remained stable, and buyer demand continues in key East Hawaiʻi and West Hawaiʻi districts.
If you’re buying or selling property on Hawaiʻi Island, understanding January’s data provides valuable insight into where the market is heading.
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Single-Family Homes on the Big Island: Steady Pricing to Start 2026
Single-family home sales on the Big Island totaled 154 closed transactions in January 2026, down from December’s 174 sales. While activity cooled slightly, median pricing increased month-over-month—highlighting continued stability in the residential housing market.
Key Big Island Single-Family Metrics – January 2026
Closed Sales: 154
Median Price: $574,500
Average Days on Market: 73 days
The slight increase in days on market suggests a more measured pace to start the year, but pricing strength indicates that demand remains intact.
East Hawaiʻi markets such as Puna continued to lead in transaction volume, while North Kona remained a major driver of West Hawaiʻi activity, particularly in higher price brackets.
For sellers, pricing alignment remains critical. For buyers, steady pricing and moderate competition offer opportunities to negotiate strategically.
Big Island Condo Market: Sales Adjust, Buyers Remain Selective
The Big Island condo market recorded 41 closed sales in January, down from December’s elevated year-end totals. This adjustment reflects seasonal normalization rather than a shift in long-term demand trends.
Condo Market Highlights – January 2026
Closed Sales: 41
Median Price: $615,000
Average Days on Market: 97 days
The median condo price adjusted downward from December’s spike but remains supported by continued strength in North Kona and South Kohala resort areas.
Buyers remain value-driven, particularly in lifestyle-oriented coastal communities. Well-priced condos with strong location appeal continue to outperform broader inventory.
Big Island Land Market: Slower Pace, Stable Demand
Land sales across Hawaiʻi Island totaled 103 transactions in January, reflecting a moderate pullback from December activity.
Land Market Snapshot – January 2026
Closed Sales: 103
Median Price: $46,000
Average Days on Market: 122 days
East Hawaiʻi—particularly Puna—continues to account for the majority of land transactions due to affordability. Meanwhile, West Hawaiʻi land sales, though fewer in number, significantly influence median pricing due to higher per-parcel values.
Longer marketing times reflect a thoughtful buyer approach as purchasers evaluate zoning, development potential, utilities, and long-term value.
Islandwide Insights: A Big Island Market Entering 2026 with Stability
January’s data reflects a Big Island real estate market transitioning from year-end momentum into a more balanced seasonal rhythm.
Key Market Dynamics in January 2026:
Single-family home prices increased month-over-month
Condo and land sales normalized after December’s surge
Days on market rose slightly for homes but improved for condos
Buyers remain comparison-driven and strategic
Strongest activity remains in Puna, North Kona, and South Kohala
Across East Hawaiʻi and West Hawaiʻi, pricing remains supported by lifestyle demand, long-term investment interest, and continued migration trends.
The market is not accelerating rapidly—but it is not weakening either. It is stabilizing.
What This Means for Big Island Buyers & Sellers
For Buyers:
Moderate competition compared to late 2025
More negotiating flexibility in select segments
Opportunities in both East and West Hawaiʻi markets
Stable pricing supports long-term value purchases
For Sellers:
Pricing accuracy is essential
Homes positioned well still move efficiently
Marketing strategy matters in a balanced market
Realistic expectations lead to stronger outcomes
The Big Island real estate market rewards preparation and local expertise.
Your Next Step: Connect with a LUVA Realtor
Every neighborhood on Hawaiʻi Island responds differently to market shifts. Whether you’re buying in North Kona, selling in Puna, investing in South Kohala, or exploring opportunities across East Hawaiʻi, your LUVA Real Estate advisor can help you interpret the latest market data and make confident decisions.