$10,000 Closing Credit*
$2,200,000
2,196 SqFt
3 Beds
•2 Full Baths
Jorge Fernandez, Listing Office: Xcellence Realty
Is Coral Gables Riviera, 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 Riviera was a Seller's Market.
Key Takeaway
Coral Gables Riviera is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Coral Gables Riviera, FL
How much do homes in Coral Gables Riviera, FL cost?
Median Sold Price
$1,855,000
$860/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$305,000(+19.7%)
Key Takeaway
Homes in Coral Gables Riviera have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Coral Gables Riviera was $1,855,000 in October 2024, up 19.7% from last year, and the median price per square foot was $860.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | $284.9K | +0.9% |
| 2 Bedrooms | $517K | $472.5K | -8.6% |
| 3 Bedrooms | $1.5M | $1.7M | +9.7% |
| 4 Bedrooms | $2.3M | $2.3M | +4.3% |
| 5+ Bedrooms | $3.2M | $3.1M | -3.1% |
Summary: Coral Gables Riviera housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Coral Gables Riviera | $1.5M | $1.8M | +19.7% |
| High Pines | $1.6M | $1.9M | +19.2% |
| South Gables | $1.6M | $1.8M | +12.5% |
| Granada | $1.4M | $1.6M | +9.2% |
| Biltmore | $1.8M | $1.9M | +6.4% |
Housing Supply in Coral Gables Riviera, FL
How many homes are available in Coral Gables Riviera, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 53 | +20.5% |
Summary: The Coral Gables Riviera real estate market had 53 homes for sale in October 2024, a 20.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Coral Gables Riviera housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Coral Gables Riviera, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Coral Gables Riviera in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Coral Gables Riviera, FL
How long does it take to sell a home in Coral Gables Riviera, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 46 Days | +93.2% |
Summary: Homes in Coral Gables Riviera had an average of 46 days on market in Oct 2024, up by 93.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coral Gables Riviera are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Coral Gables Riviera; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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