Buyer's MarketSeptember 2026

Coral Gables Housing Market Report

Live MLS data · 119 active listings · $2.3M median · Updated September 2026

TL;DR

The Coral Gables housing market has 119 active listings with a median asking price of $2.3M as of September 2026. 24% of listings have had a price reduction. Average price per square foot is $1103, with homes spending an average of 92 days on market — a buyer's market.

119

Active Listings

$2.3M

Median Price

$1103

Avg $/sqft

92

Avg Days on Market

24%

Price Reduced

Price Distribution

Under $300K
3 (3%)
$300K–$500K
9 (8%)
$500K–$750K
12 (10%)
$750K–$1M
8 (7%)
$1M–$2M
26 (22%)
$2M+
61 (51%)

By Property Type

House
$3.2M
Condos
$750K
Single-Family
$11.3M

Median Price by Bedrooms — Coral Gables

BedroomsActive ListingsMedian Price
Studio/1 BR29$1.9M
2 BR19$750K
3 BR33$1.8M
4 BR18$3.5M
5+ BR20$5.8M

ELLA AI Market Analysis — Coral Gables

The Coral Gables real estate market currently has 119 active listings as of September 2026, with a median asking price of $2.3M and an average of $1103/sqft. Homes are spending an average of 92 days on market — conditions are leaning in favor of buyers, with longer listing times and more seller flexibility.

Condos represent the best value in Coral Gables right now, with an average price per square foot of $685 and a median asking price of $750K. There are currently 39 active condos listings available.

With 24% of listings having seen a price reduction, there is meaningful negotiating room in Coral Gables. Buyers who are patient and well-prepared can expect sellers to be more flexible on price and terms.

Frequently Asked Questions — Coral Gables Real Estate Market

What is the average home price in Coral Gables right now?

As of September 2026, the median asking price in Coral Gables is $2.3M, with an average of $4M. Prices range from $50K to $39.5M. The average price per square foot is $1103.

Is Coral Gables a buyer's or seller's market?

Coral Gables is currently a buyer's market. Homes average 92 days on market and 24% of listings have had price reductions — indicating seller flexibility. Buyers have real room to negotiate.

How long do homes stay on the market in Coral Gables?

As of September 2026, homes in Coral Gables spend an average of 92 days on market before going under contract. This varies by price range and property type — condos and lower-priced homes typically move faster. ELLA's IQ score flags listings that have been sitting longer than expected, often indicating negotiation opportunity.

What is the most affordable property type in Coral Gables?

Condos are currently the most affordable by price per square foot in Coral Gables, averaging $685/sqft with a median price of $750K. There are 39 active condos listings available.

How much can I save buying in Coral Gables with Casa Simple?

Based on the median home price of $2.3M in Coral Gables, Casa Simple buyers typically receive savings of $16K–$31K at closing. This is a closing cost credit — you pay nothing extra. The exact amount depends on purchase price and plan.

What is the average HOA fee in Coral Gables?

HOA fees are not aggregated at the city level in our market report. Fees vary widely by building, community, and property type — condos typically have higher fees than single-family homes. Each listing on Casa Simple shows the HOA fee when available. For condo buildings, visit the building's dedicated page to see estimated average HOA fees.

Ready to buy in Coral Gables?

ELLA analyzes every listing in Coral Gables with an AI-powered IQ score. Get up to $31K back at closing.