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Featured local agent — Makena, HI
Sarah Mitchell
Compass Real Estate · Makena, HI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Makena, HI Housing Market
The last median sale price Redfin published was $4.60M, +64.3% year over year (through May 2026). With 6.0 months of supply and homes going under contract in about 90 days, Makena is a buyer's market. At today's 6.66% 30-year fixed rate, 20% down on a $4.60M home is about $23,649/mo in principal and interest.
Key numbers for Makena, HI
Median sale price
$4.60M
+64.3% year over year
Redfin, through February 2026
Days on market
90
Slow-moving
Redfin, through February 2026
Active listings
6
6.0 months of supply
Redfin, through February 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$188,750
Home costs 24.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
94.8%
Selling below asking
Redfin, through February 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Makena a buyer's or seller's market?
Makena, HI is a buyer's market, based on 6.0 months of supply and homes selling in about 90 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Makena housing market data show?
Every row below is Redfin's final published month for Makena, HI. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $4.60M |
| Year-over-year price change | +64.3% |
| Median days on market | 90 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 94.8% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 16.7% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Makena is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Makena is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Makena home prices moved?
Over the last three years the median sale price in Makena, HI rose 100.0%, from $2.30M to $4.60M. 16.7% of Makena listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 6.0 months while the sale-to-list ratio slips below its current 94.8%. Watch those two together — they move before the median does.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Makena?
Priced off the median sale price of $4.60M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $920,000 | $3.68M | $23,649/mo |
| 5% | $230,000 | $4.37M | $28,083/mo |
Redfin, through February 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $23,649, that implies roughly $1.01M a year before you add taxes and insurance. The median household in Makena earns $188,750, about $824,764 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 24.4x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Makena in the next 12 months?
Tell us your timeline. We send the Makena market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Makena?
Zillow does not publish a rent index (ZORI) for Makena, HI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Makena?
Active listings in Makena, HI went from 4 in March 2024 to 6 in February 2026, a +50.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| April 2024 | 5 | 1 |
| May 2024 | 6 | 1 |
| July 2024 | 10 | 1 |
| August 2024 | 7 | not published |
| September 2024 | 5 | not published |
| October 2024 | 7 | 2 |
| February 2025 | 11 | not published |
| March 2025 | 8 | not published |
| April 2025 | 9 | 2 |
| June 2025 | 6 | not published |
| December 2025 | 6 | not published |
| February 2026 | 6 | not published |
Redfin, through February 2026
How does Makena compare to Hawaii and the U.S.?
Makena homes sell for $4.60M — 521% above the Hawaii median of $741,300. Against the national median of $410,700, Makena runs 1020% higher. Year-over-year, Makena moved +64.3% against Hawaii's -0.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Makena, HI | $4.60M | +64.3% | 90 days |
| Hawaii statewide | $741,300 | -0.3% | 86 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Makena
What buyers should watch
- Months of supply, currently 6.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 16.7%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $4,434 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $4.60M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Makena listing goes under contract in 90 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 94.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Makena varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Makena
There are currently 6 homes listed for sale in Makena, Hawaii.
Active listings
6
Homes on market
Avg. days on market
90
Days until sale
How much do homes cost in Makena by property type?
How the Makena, HI market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / co-op | $4.60M | not published | 1 | 90 days |
Who lives in Makena?
American Community Survey estimates for Makena. U.S. Census ACS, 2023
Population
118
Households
58
Median income
$188,750/yr
Median age
62.6 years
Owner-occupied
98.3%
Median home value
$2.00M
98.3% of occupied homes in Makena are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Makena, HI?
Ordered by distance from Makena, not by size. Compare Makena side by side with any of them.
Makena housing market FAQ
Is Makena a buyer's or seller's market?
Makena, HI is currently a buyer's market. That read comes from 6.0 months of supply, homes going under contract in about 90 days, and sellers getting 94.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Makena?
The median sale price in the last month Redfin published was $4.60M.
Is Makena cheaper than the rest of Hawaii?
Makena's median sale price of $4.60M is 521% higher than the Hawaii statewide median of $741,300, and 1020% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Makena?
Homes in Makena, HI spent a median of 90 days on market before going under contract, versus 86 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Makena?
At the current 30-year fixed rate of 6.66%, 20% down on a $4.60M home is about $23,649 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $1.01M a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $188,750.
Are home prices rising in Makena?
Redfin's last published year-over-year change for Makena, HI was +64.3%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Makena?
Makena ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Makena?
That depends on your timeline, not on a headline. What the data says today: Makena, HI is a buyer's market with 6.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $4.60M, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.