Is Coconut Grove, 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, Coconut Grove was a Seller's Market.
Housing Prices in Coconut Grove, FL
How much do homes in Coconut Grove, FL cost?
Median Sold Price
$1,528,333
$825/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Coconut Grove was $1,528,333 in April 2024, up 7.5% from last year, and the median price per square foot was $825.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $448.7K | +12.2% |
2 Bedrooms | $990K | $1.2M | +27.3% |
3 Bedrooms | $1.6M | $1.6M | +3.0% |
4 Bedrooms | $2.1M | $2.6M | +25.0% |
5+ Bedrooms | $4.3M | $4.6M | +8.2% |
Summary: Coconut Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Neighborhoods
Grove Isle | $1.2M | $1.5M | +25.0% |
Douglas Park | $551.3K | $672.5K | +22.0% |
Coconut Grove | $1.4M | $1.5M | +7.5% |
Sunrise Harbour | $530K | $550K | +3.8% |
Housing Supply in Coconut Grove, FL
How many homes are available in Coconut Grove, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
307 | 329 | +7.2% |
Summary: The Coconut Grove real estate market had 329 homes for sale in April 2024, a 7.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 46 | 47 | +2.2% |
2 Bedrooms | 70 | 70 | 0.0% |
3 Bedrooms | 86 | 93 | +8.1% |
4 Bedrooms | 53 | 56 | +5.7% |
5+ Bedrooms | 52 | 63 | +21.2% |
Summary: The Coconut Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.2%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 49 | +14.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Coconut Grove in April 2024, up by 14.0% month-over-month. Of the 49 sold homes, 67% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for Coconut Grove, FL
How long does it take to sell a home in Coconut Grove, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 57 Days | -31.0% |
Summary: Homes in Coconut Grove had an average of 57 days on market in Apr 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in Coconut Grove; 45% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.