Is Coral Gables, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coral Gables is a 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

# BEDSJul 2021Jul 2022%
1 $260K$310K
+19.2%
2 $435K$530K
+21.8%
3 $878.3K$1.2M
+36.6%
4 $1.4M$1.8M
+28.0%
5+ $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 2022Jul 2022%
339308-9.1%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 3529
-17.1%
2 7266
-8.3%
3 9879
-19.4%
4 7063
-10.0%
5+ 6471
+10.9%

Number of Homes Sold

Jun 2022Jul 2022%
8458-31.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Jul 2022%
59 Days54 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Coral Gables are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Coral Gables, FL

There are 308 homes are for sale in Coral Gables, FL real estate market. The number of homes for sale in Coral Gables, FL decreased by 9.1% between June 2022 and July 2022. Listings spent 54 days on the market in July 2022, and had a median list price of $1,099,625 during the same period. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 19.2%, prices of 2 bedrooms properties went up by 21.8%, prices of 3 bedrooms properties went up by 36.6%, prices of 4 bedrooms properties increased by 28%, prices of 5 bedrooms properties increased by 36.6%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 17.1%, the quantity of 2 bedrooms homes went down by 8.3%, 3 bedrooms homes became 19.4% less available, number of 4 bedrooms homes decreased by 10%, the quantity of 5 bedrooms homes went up by 10.9%. While more than 18 listings in Coral Gables, FL in July 2022 were sold above asking price, there were more than 13 listings sold at asking price, and more than 27 were sold below.

Related Housing Market Reports