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Featured local agent — Lanai City, HI
Sarah Mitchell
Compass Real Estate · Lanai City, HI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lanai City, HI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$400,000median sale price
How is the Lanai City, HI housing market right now?
The median home sale price in Lanai City, HI is $400,000. Homes sell in an average of 44 days with 10 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lanai City a buyer's or seller's market?
Lanai City, HI is currently a buyer's market, based on 10.0 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
44
Average pace
Active listings
10
10.0 months supply
Sale-to-list
88.9%
Below asking
What does the Lanai City housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $400,000 |
| Median list price | $1.17M |
| Average days on market | 44 days |
| Active inventory | 10 listings |
| Months of supply | 10.0 months |
| Sale-to-list price ratio | 88.9% |
| Median price per sq ft | $758/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 50.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lanai City by property type?
How the Lanai City, HI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $400,000 | $758/sq ft | 1 | 44 days |
| Condo / Co-op | $188,000 | $464/sq ft | 1 | 143 days |
Source: Redfin · Updated monthly
The Lanai City housing market is currently classified as a buyer's market with a median sale price of $400,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 44 days on market, indicating 10.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 8.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lanai City
There are currently 10 homes listed for sale in Lanai City, Hawaii. The median listing price is $1.2M.
Active listings
10
Homes on market
Median list price
$1.2M
Avg. days on market
44
Days until sale
New this week
2
Newly listed
Who lives in Lanai City?
Population
3,283
Median income
$79,405/yr
Median age
40.3 years
Owner-occupied
48.8%
College grads
25.0%
Avg commute
14.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Lanai City?
Zillow home value
$706,086
Price-to-income
8.9x
Source: Zillow Research
What is it like to live in Lanai City?
Lanai City is a community of approximately 3K residents with a median age of 40.3 years.The median household income is $79,405, which reflects a relatively affluent area with strong earning potential. 25.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 48.8%, showing a blend of owner and renter-occupied properties. The average commute time is 14.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lanai City offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lanai City?
1 schools tracked · 567 students
The largest public schools serving Lanai City, HI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lanai High & Elementary School
Grades PK-12 · 567 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lanai City, HI?
Want a head-to-head view? Compare Lanai City side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lanai City?
The median home sale price in Lanai City is $400,000, down 0.0% from last year.
How long do homes stay on market in Lanai City?
Homes typically spend 44 days on market before going under contract.
What is the median income in Lanai City?
The median household income is $79,405 per year.
Is Lanai City a buyer's or seller's market?
With 10.0 months of supply, Lanai City is currently a buyer's market.
What is the Zillow home value estimate for Lanai City?
The Zillow Home Value Index (ZHVI) for Lanai City is $706,086, representing the typical home value in the area.
What is the median condo price in Lanai City?
The median condo/co-op sale price in Lanai City, HI is $188,000, compared to $400,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lanai City?
The median single-family home price in Lanai City, HI is $400,000 (about $758 per square foot).
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