The Kailua Kona real estate market continues to perform steadily this summer, with the single family home segment leading the way. Meanwhile, the condominium market is showing signs of normalization as inventory levels return to pre-pandemic levels. Here’s a breakdown of the latest market data, how it compares to national trends, and what it means for buyers and sellers today.
Single Family Homes: Leading the Market
The single family home market in Kailua Kona saw strong price growth again this month. The median sales price rose 8.8 percent year-over-year to $1,305,045, outperforming the national increase of just 1.3 percent. This price appreciation reflects continued demand for homes.
Inventory is gradually recovering, with active listings up 37 percent year-over-year. However, total inventory is still only about 70 percent of pre-COVID levels, keeping supply somewhat constrained. Months supply currently stands at 4.3, just under the national average of 4.4, indicating a balanced but competitive market.
Well priced homes are selling quickly, with a median of 24 days on market, up slightly from last year but still indicative of strong buyer activity. The median price per square foot dipped slightly to $727, down 0.6 percent year-over-year, suggesting some moderation in pricing despite overall appreciation.
Condominiums: Stabilizing and Buyer-Friendly
The Kona condo market remains more neutral, with the median price holding steady year-over-year at $650,000. This aligns closely with the national condo trend, which saw a modest increase of 0.7 percent.
Inventory has climbed sharply in this segment, with active listings up 54 percent year-over-year. This increase brings condo inventory levels back to near pre-pandemic levels. Months supply is now at 6.7, matching the national average and suggesting a buyer market.
Demand has cooled somewhat, with pending sales down 15.4 percent year-over-year. The median days on market rose to 53, nearly double last year’s pace. The price per square foot also declined to $679, a 7.6 percent drop, creating more value opportunities for buyers seeking affordability or investment potential.
Mortgage Rates and Buyer Behavior
As of July 2025, the average 30-year fixed mortgage rate rose to 6.89 percent, up from 6.71 percent in June. The higher rates have put pressure on affordability, particularly for first-time or financing-sensitive buyers. However, lifestyle buyers and long-term investors still show strong interest in the Kona market.
Overall Market Takeaway
Kailua Kona’s real estate market reflects diverging trends across property types. Single family homes continue to outperform the national market, supported by limited supply and high demand. Meanwhile, the condominium segment is normalizing, offering more choices and greater pricing flexibility for buyers.
As we head into the second half of the year, the market remains active, but strategic positioning is key. Buyers should take advantage of increasing inventory, and sellers should focus on accurate pricing and property presentation to stay competitive.
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