Brokers — List your Company Here
Featured local agent — Coral Gables, FL
Sarah Mitchell
Compass Real Estate · Coral Gables, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Coral Gables, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.70Mmedian sale price
How is the Coral Gables, FL housing market right now?
The median home sale price in Coral Gables, FL is $1.70M, down 15.0% year-over-year. Homes sell in an average of 89 days with 296 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Coral Gables a buyer's or seller's market?
Coral Gables, FL is currently a buyer's market, based on 4.9 months of supply and homes selling in about 89 days. How we determine this →
Homes sold
61
Last 12 weeks
Days on market
89
Average pace
Active listings
296
4.9 months supply
Sale-to-list
95.1%
Below asking
What does the Coral Gables housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.70M |
| Median list price | $2.20M |
| Year-over-year price change | -15.0% |
| Average days on market | 89 days |
| Active inventory | 296 listings |
| Months of supply | 4.9 months |
| Sale-to-list price ratio | 95.1% |
| Median price per sq ft | $792/sq ft |
| Homes sold (latest month) | 61 |
| New listings (latest month) | 55 |
| Listings with a price cut | 17.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Coral Gables by property type?
How the Coral Gables, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $2.29M | $941/sq ft | 40 | 83 days |
| Condo / Co-op | $625,000 | $548/sq ft | 19 | 99 days |
Source: Redfin · Updated monthly
The Coral Gables housing market is currently classified as a buyer's market with a median sale price of $1.70M. Prices have fallen 15.0% compared to last year, with homes spending an average of 89 days on market, indicating 4.9 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 11.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Coral Gables
There are currently 296 homes listed for sale in Coral Gables, Florida. The median listing price is $2.2M.
Active listings
296
Homes on market
Median list price
$2.2M
Avg. days on market
89
Days until sale
New this week
55
Newly listed
Who lives in Coral Gables?
Population
49,243
Median income
$130,803/yr
Median age
39 years
Owner-occupied
63.9%
College grads
71.9%
Avg commute
24.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Coral Gables?
Zillow home value
$1.54M
Zillow rent index
$3,667/mo
Price-to-rent ratio
35.1x
Price-to-income
11.8x
Source: Zillow Research
What is it like to live in Coral Gables?
Coral Gables is a community of approximately 49K residents with a median age of 39 years.The median household income is $130,803, which reflects a relatively affluent area with strong earning potential. 71.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 63.9%, showing a blend of owner and renter-occupied properties. The average commute time is 24.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Coral Gables offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Coral Gables?
8 schools tracked · 7,200 students
The largest public schools serving Coral Gables, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
CORAL GABLES SENIOR HIGH SCHOOL
Grades 9-12 · 2,884 students
GEORGE WASHINGTON CARVER MIDDLE SCHOOL
Grades 6-8 · 970 students
CORAL GABLES PREPARATORY ACADEMY
Grades PK-8 · 828 students
PONCE DE LEON MIDDLE SCHOOL
Grades 6-8 · 755 students
GEORGE W. CARVER ELEMENTARY SCHOOL
Grades PK-5 · 561 students
SOMERSET GABLES ACADEMY
Grades K-8 · 469 students
INTERNATIONAL STUDIES PREPARATORY ACADEMY
Grades 9-12 · 376 students
HENRY S. WEST LABORATORY SCHOOL
Grades K-8 · 357 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Coral Gables, FL?
Want a head-to-head view? Compare Coral Gables side-by-side with any other U.S. city using our market-comparison tool.
Is Coral Gables a good real estate investment market?
For investors evaluating Coral Gables, the price-to-rent ratio of 35.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 15.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Coral Gables's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Coral Gables's median home price.
Frequently asked questions
What is the average home price in Coral Gables?
The median home sale price in Coral Gables is $1.70M, down 15.0% from last year.
How long do homes stay on market in Coral Gables?
Homes typically spend 89 days on market before going under contract.
What is the median income in Coral Gables?
The median household income is $130,803 per year.
Is Coral Gables a buyer's or seller's market?
With 4.9 months of supply, Coral Gables is currently a buyer's market.
What is the Zillow home value estimate for Coral Gables?
The Zillow Home Value Index (ZHVI) for Coral Gables is $1.54M, representing the typical home value in the area.
What is the median condo price in Coral Gables?
The median condo/co-op sale price in Coral Gables, FL is $625,000, compared to $2.29M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Coral Gables?
The median single-family home price in Coral Gables, FL is $2.29M (about $941 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Coral Gables, FL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Coral Gables market alerts
Weekly updates on prices, inventory, and trends. Free forever.