Is Coral Gables, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since July 2021
Since last year, Coral Gables has remained a Seller's Market.
Key Takeaway
Coral Gables is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Coral Gables, FL cost?
Median Sold Price
$1,099,625
$574/sqft
Based on all homes sold in the last 12 months.
Difference Since July 2021
+$164,340(+17.6%)
Key Takeaway
Homes in Coral Gables have sold for 17.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jul 2021 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | $260K | $310K | +19.2% |
| 2 Bedrooms | $435K | $530K | +21.8% |
| 3 Bedrooms | $878.3K | $1.2M | +36.6% |
| 4 Bedrooms | $1.4M | $1.8M | +28.0% |
| 5+ Bedrooms | $2.7M | $3.7M | +36.6% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Pinecrest | +17.9% |
| Coral Gables | +17.6% |
| South Miami | +14.3% |
| West Miami | +9.3% |
| Kendall-Palmetto Bay | +4.6% |
How many homes are available in Coral Gables, FL?
Number of Homes For Sale
| Jun 2022 | Jul 2022 | % |
|---|---|---|
| 339 | 308 | -9.1% |
Homes For Sale By Bedroom Count
| # BEDS | Jun 2022 | Jul 2022 | % |
|---|---|---|---|
| 1 Bedroom | 35 | 29 | -17.1% |
| 2 Bedrooms | 72 | 66 | -8.3% |
| 3 Bedrooms | 98 | 79 | -19.4% |
| 4 Bedrooms | 70 | 63 | -10.0% |
| 5+ Bedrooms | 64 | 71 | +10.9%  |
Number of Homes Sold
| Jun 2022 | Jul 2022 | % |
|---|---|---|
| 84 | 58 | -31.0% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coral Gables, you may be able to get a good deal. 46.6% of homes here sold below asking price last month.
Average Sale Time
| Jul 2021 | Jul 2022 | % |
|---|---|---|
| 59 Days | 54 Days | -7.9% |
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coral Gables are selling fast, if you're buying plan to act quickly.
© 2022 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the RAPB+GFLR logo are provided by Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2022 Realtors® of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service, Inc.