Coral Gables Housing Market Update: Prices Up, Sales Slower Entering Spring
Coral Gables, FL – March 11, 2026 – Home prices remain elevated while sales pace slows, with luxury listings continuing to anchor the market.
The Coral Gables housing market is entering spring with higher prices and a slower sales pace, even as luxury inventory remains prominent.
Top takeaways
- Median sale price reached $1.6M in January 2026, up 22.7% year over year.
- Homes averaged 92 days on market, faster than a year ago.
- Closed sales fell to 35 in January, down from 61 last year.
- Active listings recently totaled about 427 properties on the MLS.
Market snapshot
According to Redfin, the median sale price in January 2026 was $1.6M, with price per square foot at $864, both posting double-digit annual gains. Homes sold in about 92 days on average, compared with 102 days a year earlier, suggesting serious buyers are still active despite a pullback in overall transactions.
MLS data compiled by local brokerage sources showed roughly 427 properties on the market in mid-February, reflecting a broader South Florida trend toward higher supply and more negotiating room for buyers.
Luxury and neighborhood trends
High-end waterfront estates continue to define the upper tier, with several listings priced from $35M to $175M. In Cocoplum, Zillow’s home value index for January 2026 was about $6.28M, up 10.5% year over year, underscoring resilience in gated luxury enclaves.
Regionally, Southeast Florida closed out 2025 with strengthening single-family sales, and analysts expect a more balanced market in 2026 as inventory levels normalize and mortgage rates stabilize.
What to watch
Buyers appear to have more options than a year ago, but well-priced homes are still moving. Sellers face a more selective pool, particularly outside trophy properties and prime waterfront locations.
Are you seeing more price reductions or multiple-offer situations in your neighborhood?
Sources
https://www.redfin.com/city/3707/FL/Coral-Gables/housing-market
https://www.zfc.com/real-estate/Coral-Gables/
https://beautifydata.com/us-zillow-housing-inventory/us-trend-of-zhvi-smooth-seas-per-neighborhood/florida/coral-gables/cocoplum
https://www.miamirealtors.com/wp-content/uploads/2024/07/Southeast-Florida-Housing-Market-December-2025.pdf