Coral Gables Real Estate Market Update: What's Really Selling?
Single-family homes sped up, condos are still moving at a slower pace, and a small luxury townhome market is barely moving. Here's the last 60 days of Coral Gables MLS data, broken down by property type.
By Elizabeth Costa, Real Estate Agent in Coral Gables, Doral & Miami, Florida | The Keyes Company
15+ years of experience · 300+ closed transactions · Bilingual: English & Spanish
Published · Data: Miami MLS, August–September 2026
What is happening in the Coral Gables, Florida real estate market right now?
According to MLS data for August and September 2026, Coral Gables has 388 active listings and 86 homes closed in the last 60 days at a median of 95% of list price. Single-family homes sold faster (a median of 32 days, at a median price of about $2.05M), condos sold in a median of 74 days at about $780K, and only 5 townhomes closed, at a median of about $1.44M.
In This Update
Coral Gables had one clear piece of good news in August and September, and two parts of the market that are a little more complicated. Single-family homes actually sold faster. Condos are still moving at a slow pace. And the small luxury townhome market is barely moving at all.
I'm Elizabeth Costa, a Realtor with The Keyes Company serving Coral Gables, Doral, and Greater Miami. You can learn more about my background as a Miami real estate agent here. I'm looking only at the last two months because, if you're buying or selling in Coral Gables today, that's what matters most. Every number below comes directly from the MLS, including active listings and properties that actually closed.
Coral Gables Real Estate Market Overview
Across all property types, Coral Gables currently has 388 active listings. In the last 60 days, 86 homes closed, and the median sale-to-list price was 95%. Overall, sellers are still getting pretty close to their asking price. But look a little deeper, and single-family homes, condos, and townhomes are telling three very different stories.
| Property Type | Active | Median List Price (Active) | Sold (60 Days) | Median Sold Price | Days on Market (Sold) | Sold vs. List |
|---|---|---|---|---|---|---|
| Single-Family | 207 | $3,150,000 | 50 | ~$2,050,000 | 32 | 94.5% |
| Condos | 160 | ~$600,000 | 31 | ~$780,000 | 74 | 95% |
| Townhomes | 17 | ~$4,000,000 | 5 | ~$1,440,000 | 117 | ~94% |
"~" marks approximate figures as presented in the video. Days on market and sold-vs-list refer to homes that closed in the period.
Watch the Full Coral Gables Market Update
In this video, I walk through 60 days of Coral Gables MLS data for single-family homes, condos, and luxury townhomes, and what the homes that actually closed mean for buyers and sellers right now.
Video Chapters
- 0:00 · Coral Gables 60-Day Market Update
- 0:44 · Overall Market Numbers
- 1:14 · Single-Family Homes
- 2:30 · Coral Gables Condos
- 3:52 · Luxury Townhomes
- 4:46 · What This Means for Buyers & Sellers
- 5:37 · Why I Use MLS Data
- 6:02 · Your Personalized Market Analysis
You can also subscribe to my YouTube channel. I post a new Coral Gables and Miami market update every month using real MLS numbers.
Coral Gables Single-Family Homes: The Good News
Single-family homes in Coral Gables got noticeably faster from August to September. Homes were taking 80 days to sell in August, and that dropped to 61 days in September, the biggest improvement of any property type this period.
- Active single-family homes: 207 for sale, median asking price of $3,150,000, median of 99 days on market.
- Single-family homes sold in the last 60 days: 50 closings, median sale price of about $2,050,000, median of only 32 days on market, at 94.5% of asking.
Compare the $3.15M median asking price of what's for sale with the roughly $2.05M median price of what actually sold, and the picture is clear: homes priced closer to the $2 million range are selling much faster. Homes above $3 million are taking longer, and that's pushing the median price of the active inventory higher.
Coral Gables Condos: Slightly Faster, Still the Slower Segment
Condos tell a different story. In August, Coral Gables condos were averaging 140 days on market. In September, that edged down to 139 days, so condos are selling slightly faster, but only by a day, and they're still moving at a much slower pace than single-family homes.
- Active condos: 160 for sale, median asking price of almost $600,000, median of 68 days on market.
- Condos sold in the last 60 days: 31 closings, at a higher median price of about $780,000, median of 74 days on market, at 95% of asking.
- Price per square foot: about $589 for both active condos and condos that sold.
Because the price per square foot is almost identical, pricing doesn't look like the main problem. What we're seeing is that the condos selling right now tend to be larger, more expensive units, and that well-located, move-in-ready condos are the ones attracting buyers.
Continue reading: why a $4M median asking price doesn't tell the whole townhome story →
Coral Gables Luxury Townhomes: A Small, Slow Market
Townhomes are a very small market in Coral Gables, and most of the inventory sits at the luxury level.
- Active townhomes: only 17 for sale, median asking price of almost $4 million, sitting on the market for about 191 days, close to six months.
- Townhomes sold in the last 60 days: only 5 closings, median sale price of about $1.44 million, median of 117 days on market, at about 94% of asking.
There's a very big gap between the almost $4 million median asking price of what's on the market and the roughly $1.44 million median of what actually sold. Higher-priced townhomes are sitting much longer, while those priced up to about $1.5 million are the ones finding buyers.
What This Means for Coral Gables Buyers & Sellers
Single-family homeowners around the $2 million range: that's where the strongest activity is right now.
Single-family homeowners above $3 million: expect your home to take longer to sell, and be prepared to negotiate, not only on price but also on terms.
Condo sellers: well-presented, move-in-ready units are still selling in about 10 weeks, and the price per square foot shows buyers aren't necessarily asking sellers to discount a fairly priced property.
Townhome buyers: don't get discouraged by $4 million asking prices. The townhomes actually selling are much closer to the $1.4 million range.
Why I Use MLS Data, Not National Websites
Every number on this page comes directly from the MLS, not from Zillow, Redfin, or any national real estate website. This is what actually happened in Coral Gables during August and September, broken down by property type. And because Coral Gables has so many different neighborhoods and price points, your specific property can look very different from the overall numbers.
Frequently Asked Questions
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📲 Call or Text (786) 949-3971or Schedule a Consultation →
The Keyes Company · 4191 NW 107th Ave, Doral, FL 33178
elizabethcosta@keyes.com
Serving Coral Gables, Doral, Miami, Weston, and Pinecrest
Market figures are drawn from Miami MLS data for Coral Gables, Florida, covering active listings and closed sales from August through September 2026, as presented by Elizabeth Costa. Figures marked "about," "almost," or "~" are approximate. This information is for general educational purposes and is not a substitute for a comparative market analysis of your specific property.
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Elizabeth Costa, Realtor, FL Lic. #3234205 Real Estate Agent in Coral Gables, Doral & Miami | The Keyes Company ☎ (786) 949-3971 ✉ elizabethcosta@keyes.com 📅 Schedule a private consultation 15+ years · 300+ closed transactions · Bilingual EN/ES Office: 4191 NW 107th Ave, Doral, FL 33178 Serving Coral Gables, Doral, Miami, Weston, and Pinecrest |