$10,000 Closing Credit*
$1,050,000
1,280 SqFt
3 Beds
•2 Full Baths
William III Kerdyk, Listing Office: Kerdyk Real Estate, Inc.
Is Coconut Grove, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Coconut Grove was a Neutral Market.
Key Takeaway
Coconut Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coconut Grove, FL
How much do homes in Coconut Grove, FL cost?
Median Sold Price
$1,600,000
$846/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$125,000(+8.5%)
Key Takeaway
Homes in Coconut Grove have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Coconut Grove was $1,600,000 in November 2024, up 8.5% from last year, and the median price per square foot was $846.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435.2K | $415K | -4.7% |
| 2 Bedrooms | $1.0M | $1.2M | +20.1% |
| 3 Bedrooms | $1.7M | $1.7M | -1.0% |
| 4 Bedrooms | $2.3M | $2.7M | +17.3% |
| 5+ Bedrooms | $4.5M | $4.5M | +0.9% |
Summary: Coconut Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 20.1%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Douglas Park | $590K | $745K | +26.3% |
| Coconut Grove | $1.4M | $1.6M | +8.5% |
| Sunrise Harbour | $525K | $442.5K | -15.7% |
Housing Supply in Coconut Grove, FL
How many homes are available in Coconut Grove, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 333 | 380 | +14.1% |
Summary: The Coconut Grove real estate market had 380 homes for sale in November 2024, a 14.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 49 | +19.5% |
| 2 Bedrooms | 78 | 94 | +20.5% |
| 3 Bedrooms | 93 | 101 | +8.6% |
| 4 Bedrooms | 60 | 67 | +11.7% |
| 5+ Bedrooms | 61 | 69 | +13.1% |
Summary: The Coconut Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 13.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 31 | +63.2% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coconut Grove, you may be able to get a good deal. 96.8% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Coconut Grove in November 2024, up by 63.2% month-over-month. Of the 31 sold homes, 97% were sold under asking, 3% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 101 Days | 80 Days | -20.8% |
Summary: Homes in Coconut Grove had an average of 80 days on market in Nov 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coconut Grove has remained consistent over time.
Summary: During November 2024, 31 homes were sold in Coconut Grove; 29% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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