$10,000 Closing Credit*
$2,100,000
3,276 SqFt
3 Beds
•3 Full Baths, 1 Partial
Nataly Sabalsa, Listing Office: Robert Slack LLC
Is Coral Gables, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Coral Gables was a Seller's Market.
Key Takeaway
Coral Gables is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coral Gables, FL
How much do homes in Coral Gables, FL cost?
Median Sold Price
$1,280,000
$719/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$180,000(+16.4%)
Key Takeaway
Homes in Coral Gables have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Coral Gables was $1,280,000 in October 2024, up 16.4% from last year, and the median price per square foot was $719.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $390K | +13.0% |
| 2 Bedrooms | $657.5K | $750K | +14.1% |
| 3 Bedrooms | $1.3M | $1.4M | +2.3% |
| 4 Bedrooms | $1.9M | $2.2M | +19.7% |
| 5+ Bedrooms | $3.9M | $4.4M | +12.9% |
Summary: Coral Gables housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Coral Gables | $1.1M | $1.2M | +16.4% |
| Miami | $522.8K | $560.4K | +7.2% |
| South Miami | $950K | $999.5K | +5.2% |
| Kendall-Palmetto Bay | $744.6K | $779.6K | +4.7% |
| Pinecrest | $2.2M | $2.0M | -5.7% |
Housing Supply in Coral Gables, FL
How many homes are available in Coral Gables, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 404 | 451 | +11.6% |
Summary: The Coral Gables real estate market had 451 homes for sale in October 2024, a 11.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 51 | 47 | -7.8% |
| 2 Bedrooms | 76 | 89 | +17.1% |
| 3 Bedrooms | 114 | 127 | +11.4% |
| 4 Bedrooms | 77 | 86 | +11.7% |
| 5+ Bedrooms | 86 | 102 | +18.6% |
Summary: The Coral Gables housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 18.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 35 | -10.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 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. 68.6% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Coral Gables in October 2024, down by 10.3% month-over-month. Of the 35 sold homes, 69% were sold under asking, 20% were sold at asking, and 11% were sold over asking.
Days on Market for Coral Gables, FL
How long does it take to sell a home in Coral Gables, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 41 Days | -4.1% |
Summary: Homes in Coral Gables had an average of 41 days on market in Oct 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coral Gables are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in Coral Gables; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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