Is Coral Gables Granada, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Coral Gables Granada was a Seller's Market.
Housing Prices in Coral Gables Granada, FL
How much do homes in Coral Gables Granada, FL cost?
Median Sold Price
$1,245,000
$738/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Coral Gables Granada was $1,245,000 in April 2024, down 1.4% from last year, and the median price per square foot was $738.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $294K | -6.7% |
2 Bedrooms | $794.5K | $805K | +1.3% |
3 Bedrooms | $1.2M | $1.2M | +0.9% |
4 Bedrooms | $1.9M | $2.2M | +17.4% |
5+ Bedrooms | $3.5M | $3.5M | +1.1% |
Summary: Coral Gables Granada housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Neighborhoods
Granada | $1.4M | $1.5M | +5.8% |
North Gables | $994K | $1.0M | +0.6% |
Coral Gables Granada | $1.2M | $1.2M | -1.4% |
West Flagler | $439.8K | $431.1K | -2.0% |
Biltmore | $2.1M | $1.7M | -16.7% |
Housing Supply in Coral Gables Granada, FL
How many homes are available in Coral Gables Granada, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 100 | +11.1% |
Summary: The Coral Gables Granada real estate market had 100 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 18 | 25 | +38.9% |
3 Bedrooms | 35 | 32 | -8.6% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Coral Gables Granada housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 38.9%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Coral Gables Granada in April 2024, down by 33.3% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% were sold over asking.
Days on Market for Coral Gables Granada, FL
How long does it take to sell a home in Coral Gables Granada, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 52 Days | +13.8% |
Summary: Homes in Coral Gables Granada had an average of 52 days on market in Apr 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Coral Gables Granada; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.