The Coral Gables market

Market report · City · Aug 2026

The Coral Gables market, in numbers

Homes in Coral Gables typically sell in about 104 days, close around 5.7% under ask, prices are up 6.8% on a year ago. With 25.7 months of inventory, it’s a buyer’s market.

Median sale price

$1.46M

↑ +3.9% MoM↑ +6.8% YoY

32 sales closed in Aug 2026

Median rent

$3,550/mo

↓ −5.3% MoM↑ +1.4% YoY

107 leases closed in Aug 2026

Time to sell

104 days

typical days on market

Days from listing to going under contract.

Negotiation room

5.7% under ask

typical closing vs asking price

How far below the asking price homes typically close.

Months of inventory

25.7 mo

buyer’s market

Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.

Gross rental yield

2.9%

yearly rent ÷ sale price

A year of median rent as a share of the median sale price.

Your questions, answered

Straight answers from Coral Gables’s closed transactions.

What does a home here cost?

The median sale closed at $1.46M in Aug 2026, up 6.8% on a year ago. Typical sales ranged $534k–$6.72M.

What income do you need to buy here?

At a 6.5% 30-year mortgage with 20% down, the median home runs about $11k/mo including taxes and HOA — comfortable at a household income around $440k a year, using the 30% rule. Renting instead costs $3,550/mo.

Is now a good time to buy?

25.7 months of inventory points to a buyer’s market, and sellers are accepting about 5.7% under ask. Prices are still climbing, so waiting has a cost.

How fast do homes sell?

About 104 days from listing to contract in Aug 2026. The pace picks up toward July and slows around November.

How much room is there to negotiate?

Closings typically land 5.7% under asking price, and 40% of active listings have already reduced their price (median cut 6.3%).

When is the best time to list?

Closings peak in July and bottom out around November. Listing four to six weeks ahead of the peak historically gets the most eyes.

Is it a good rental investment?

A year of median rent ($3,550/mo) equals 2.9% of the median sale price, before fees and taxes.

Buying vs renting

Price-to-rent ratio is 34.2 — buying typically starts to beat renting after roughly 10+ years here.

To buy — median sale price

Sale price, $

$1.46M↑ +3.9% MoM↑ +6.8% YoY

Aug 2026 — median $1.46M · 32 sales · 104 days on market

$5.0M

$10.0M

$15.0M

Sep ’25

Nov ’25

Jan ’26

Mar ’26

May ’26

Jul ’26

To rent — median monthly rent

Monthly rent, $

$3,550/mo↓ −5.3% MoM↑ +1.4% YoY

Aug 2026 — median $3,550/mo · 107 leases · 57 days on market

$5,000

$10k

$15k

$20k

$25k

Sep ’25

Nov ’25

Jan ’26

Mar ’26

May ’26

Jul ’26

MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.

What each size costs

Medians over the last 12 months.

Beds

To buy

To rent

Volume

Studio

$205k

$1,733/mo

69 closed

1 bed

$396k

$2,152/mo

272 closed

2 beds

$612k

$3,447/mo

483 closed

3 beds

$1.55M

$6,258/mo

413 closed

What sells here

Sales mix and median price by property type, last 12 months.

Condo

$559k

37% of sales · 217 closed

House

$2.34M

61% of sales · 358 closed

Townhouse

$1.75M

3% of sales · 16 closed

Market depth

Supply and demand

Listings per month

Aug 2026 — 32 closed · 70 new · 1233 active

500

1000

1500

Sep ’24

Dec ’24

Mar ’25

Jun ’25

Sep ’25

Dec ’25

Mar ’26

Jun ’26

ClosedActive (on market)New listings

Seasonality

Avg closings

Listings move fastest in July

Average closings by calendar month, drawn from at least two years of history.

Price-cut pressure

% of active listings

Aug 2026 — 40% of active listings cut · median cut 6.3%

10%

20%

30%

40%

50%

Sep ’24

Dec ’24

Mar ’25

Jun ’25

Sep ’25

Dec ’25

Mar ’26

Jun ’26

3-month averageSingle month

HOA fees per sqft

$ per sqft, monthly

$1.17 per sqft · Aug 2026

$0.60

$0.80

$1.00

$1.20

Sep ’24

Dec ’24

Mar ’25

Jun ’25

Sep ’25

Dec ’25

Mar ’26

Jun ’26

Median monthly HOA fee per square foot among closed sales.

Homes for sale in Coral Gables →Rentals in Coral Gables →

Based on 3012 closed transactions over the period shown · Updated Sep 1, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.