Is Makawao, HI 96768 a buyer’s or seller’s market?

The Makawao housing market right now

In the three months ending August 31, 2026, 23% of homes in Makawao, HI 96768 sold above their list price, the typical home went under contract in 79 days and there were 4.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 32 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 8%, homes sold faster (123 days then) and the median sale price rose 2% to $1,349,416. Overall, Makawao is more competitive than a year ago, so tougher for buyers.

Within Maui County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 92%. On our competition score, Makawao ranks #17 of 40 HI ZIP codes with enough sales (score 31 out of 100).

Nearby, buyers who want less competition could look at Paia 96779 (0% sold over asking) or Maunaloa 96770 (0% sold over asking), while Kahului 96732 (27% sold over asking) is even more competitive.