Northeast Coconut Grove Home Prices 2026: $2.22M Median

Northeast Coconut Grove runs from the bayfront streets toward the village center, a mix of older Grove homes, newer construction, and the occasional small condo. It is more liquid than the southwest side. I counted 152 homes sold in the latest month against 460 active listings, so the median is more stable here than in the thinner pockets nearby.

The median sale price was $2,216,676 as of April 2026, up from $1,549,500 a year earlier. That is a 43 percent year-over-year figure, large enough that I weight the longer trend and the per-square-foot number alongside it rather than reading it as a clean gain on identical homes.

Northeast Coconut Grove Home Prices and Price Per Square Foot

Per square foot, I track about $905 in Northeast Coconut Grove as of April 2026, a touch below the southwest side and consistent with a deeper, more varied housing stock. The 43 percent year-over-year median change reflects both real appreciation and a shift in what closed, so I lean on the per-square-foot band when I value a specific house. Northeast Grove gives a buyer more shots on goal than the tighter pockets, which is part of why its numbers move less erratically.

Is Northeast Coconut Grove a Buyer's or Seller's Market?

At 5.6 months of supply, Northeast Coconut Grove is balanced on the inventory rule I use, neither a clear seller's nor buyer's market. The median 110 days on market is normal for high-end single-family, and 23.1 percent of active listings had a price cut. For a buyer that points to real negotiating room on listings that have sat. For a seller it argues for sharp initial pricing rather than testing the market high.

Rule of thumb: under 5 months of supply = seller's market, 5 to 7 = balanced, over 7 = buyer's market.

Northeast Coconut Grove is the more liquid half of the Grove, so its data is steadier and a buyer has genuine room to negotiate on anything that has been sitting.

Gerardo Gonzalez, Licensed Real Estate Agent at Compass

Methodology and Sources

• Compiled by: LuxuryDade and Gerardo Gonzalez, Licensed Real Estate Agent at Compass. I assemble and refresh this neighborhood report myself.
• Data reference: Market figures are compiled with reference to the Redfin Data Center (redfin.com/news/data-center). These are aggregated market figures, not MLS or proprietary brokerage data.
• Geography: The Northeast Coconut Grove neighborhood inside the Miami metro area.
• Why monthly figures move: A neighborhood this size closes a small number of sales each month, so a single high or low sale can swing the median. Read the multi-year trend and price per square foot alongside any one month.
• Update cadence: I refresh this report near the start of each month. Last verified June 5, 2026.
• Missing values: Any cell shown as "unavailable" was missing in the underlying data and has not been estimated.

Related Guides and Data

• Coconut Grove Luxury Condos Guide
• Coconut Grove Family Homes Guide
• South Florida Housing Market Data (full dashboard)

Gerardo Gonzalez

Licensed Real Estate Agent at Compass | LuxuryDade