Kailua Kona, HI 96740 Real Estate Market Report

ZIP Code: 96740
Report Date: April 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Kailua Kona, HI as of April 2026 is characterized by a median sold price of $1,295,000, reflecting a nuanced landscape where some indicators suggest a cooling trend. The neighborhood has decreased 8% since 2022, which may indicate a shift in buyer sentiment and market dynamics. Elevated inventory levels are evident, with homes taking longer to sell, as indicated by a median days on market of 235 days. This extended timeframe suggests a slower sales velocity, contributing to a buyer-friendly environment.

Despite the cooling market, rental demand remains robust, particularly for short-term rentals, although the median market rent has seen a year-over-year decline. The median listing price stands at $1,249,000, which, while slightly lower than the sold price, may reflect seller expectations adjusting to current market realities. Overall, the market appears to be navigating through a period of transition, with elevated interest rate pressure further complicating buyer activity and investment decisions.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. The median sold price of $1,295,000 indicates a significant value in the market, despite a recent decrease of 8% since 2022.

2. With a median days on market of 235 days, properties are experiencing slower sales velocity, suggesting a shift towards a more cold market temperature.

3. The median listing price of $1,249,000 shows a slight gap from the sold price, indicating potential pricing friction between seller expectations and market reality.

4. The median market rent of $8,988 reflects a down trend year-over-year, which may impact rental investment strategies.

5. Overall, the market is facing elevated interest rate pressure, which could further influence buyer behavior and market liquidity.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.