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Featured local agent — Makawao, HI
Sarah Mitchell
Compass Real Estate · Makawao, HI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Makawao, HI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.34Mmedian sale price
How is the Makawao, HI housing market right now?
The median home sale price in Makawao, HI is $1.34M, up 29.8% year-over-year. Homes sell in an average of 140 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 Makawao a buyer's or seller's market?
Makawao, HI is currently a buyer's market, based on 5.0 months of supply and homes selling in about 140 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
140
Average pace
Active listings
10
5.0 months supply
Sale-to-list
94.1%
Below asking
What does the Makawao housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.34M |
| Median list price | $1.13M |
| Year-over-year price change | +29.8% |
| Average days on market | 140 days |
| Active inventory | 10 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 94.1% |
| Median price per sq ft | $1,000/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 30.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Makawao by property type?
How the Makawao, 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 | $1.34M | $1,000/sq ft | 2 | 140 days |
Source: Redfin · Updated monthly
The Makawao housing market is currently classified as a buyer's market with a median sale price of $1.34M. Prices have risen 29.8% compared to last year, with homes spending an average of 140 days on market, indicating 5.0 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 11.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Makawao
There are currently 10 homes listed for sale in Makawao, Hawaii. The median listing price is $1.1M.
Active listings
10
Homes on market
Median list price
$1.1M
Avg. days on market
140
Days until sale
New this week
3
Newly listed
Who lives in Makawao?
Population
7,263
Median income
$96,116/yr
Median age
43.5 years
Owner-occupied
65.1%
College grads
30.0%
Avg commute
26.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Makawao?
Zillow home value
$1.12M
Zillow rent index
$3,433/mo
Price-to-rent ratio
27.3x
Price-to-income
11.7x
Source: Zillow Research
What is it like to live in Makawao?
Makawao is a community of approximately 7K residents with a median age of 43.5 years.The median household income is $96,116, which reflects a relatively affluent area with strong earning potential. 30.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Makawao offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Makawao?
2 schools tracked · 1,420 students
The largest public schools serving Makawao, 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.
Samuel Enoka Kalama Intermediate School
Grades 6-8 · 937 students
Makawao Elementary School
Grades PK-5 · 483 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 Makawao, HI?
Want a head-to-head view? Compare Makawao side-by-side with any other U.S. city using our market-comparison tool.
Is Makawao a good real estate investment market?
For investors evaluating Makawao, the price-to-rent ratio of 27.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 29.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Makawao's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Makawao's median home price.
Frequently asked questions
What is the average home price in Makawao?
The median home sale price in Makawao is $1.34M, up 29.8% from last year.
How long do homes stay on market in Makawao?
Homes typically spend 140 days on market before going under contract.
What is the median income in Makawao?
The median household income is $96,116 per year.
Is Makawao a buyer's or seller's market?
With 5.0 months of supply, Makawao is currently a buyer's market.
What is the Zillow home value estimate for Makawao?
The Zillow Home Value Index (ZHVI) for Makawao is $1.12M, representing the typical home value in the area.
How much does a single-family home cost in Makawao?
The median single-family home price in Makawao, HI is $1.34M (about $1,000 per square foot).
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