Altos Market Data for Realtors

Coral Gables, FL

Single-Family Homes

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Coral Gables, FL

Sun Feb 25 2024
This week the median list price for Coral Gables, FL is $3,887,500 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has increased to 158. Click here to stay informed with the Coral Gables market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Coral Gables, FL

Sun Feb 25 2024
This week the median list price for Coral Gables, FL is $3,887,500 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has increased to 158. Click here to stay informed with the Coral Gables market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Coral Gables market.
Median List Price $3,887,500
Median Price of New Listings $2,349,000
Per Square Foot $1,085
Average Days on Market 128
Median Days on Market 91
Price Decreased 32%
Price Increased 3%
Relisted 8%
Inventory 158
Median Rent
Market Action 28
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$14,900,000 6,576 0.5 - 1 acre 6 6.5 21 1 3 98
$5,200,000 4,055 0.25 - 0.5 acre 5 5 56 5 3 105
$2,725,000 2,913 0.25 - 0.5 acre 4 3.5 71 6 1 87
$1,450,444 1,671 4,500 - 6,500 sqft 3 2 70 7 1 63