Coral Gables, FL housing market

The median sale price in Coral Gables, FL was $1.7M in May 2026, down 15.0% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $1.64M, firming from $1.52M across the three months before that. That puts prices 2.9% below the strongest three-month stretch on record here, which ended in May 2025 at $1.69M. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $1.58M for Jun 2026, up 3.2% year over year.

Buyers had 296 homes to choose from in May 2026, down 26.2% year over year (Redfin). At the current sales pace that standing inventory works out to 4.9 months of supply; convention treats four to six months as a balanced market, which puts Coral Gables, FL squarely inside it. 55 homes came to market in May 2026, down 43.9% year over year, against 61 closings, down 6.2% year over year. Homes that sold in May 2026 took a median of 89 days to go under contract, 13 days slower than this market's usual May pace.

Competition is measurable in the closings themselves: 11% settled above asking, and the average sale landed at 95% of its final list price. 18% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Coral Gables, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.