Southwest Coconut Grove Home Prices 2026: $2.57M Median

Southwest Coconut Grove is one of the most expensive corners of Miami, a leafy, largely single-family enclave that trades on lot size, tree canopy, and walkability to the village rather than tower views. It is a thin market. I counted 48 homes sold in the latest month against 139 active listings, so a few large sales move the median more than they would in a denser area.

My data puts the median sale price at $2,571,444 as of April 2026, up from $1,543,250 a year earlier. That looks like a 66.6 percent jump, but on roughly four dozen monthly sales a shift in which houses closed can swing the median hard, so I read it as a high-end pocket trending up, not a literal two-thirds gain on the same house.

Southwest Coconut Grove Home Prices and Price Per Square Foot

Price per square foot is the steadier read here. I track about $953 per square foot in Southwest Coconut Grove as of April 2026, which is near the top of the Miami single-family range and consistent with the area's reputation. The headline year-over-year figure of 66.6 percent comes off a small sample of 48 sales, so treat it as direction, not a precise gain. When I price a Grove house I anchor on the per-square-foot band and recent comparable sales, then adjust for lot and condition.

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

With 4.7 months of supply, Southwest Coconut Grove sits just under the five-month line I use for a seller's market, and the median 86 days on market is short for a multimillion-dollar segment. About 17.3 percent of active listings had a price cut, the lowest cut rate of the luxury Grove pockets I track. For a buyer that means well-priced houses move, and there is less room to grind on price than the broader Miami market would suggest. For a seller it means pricing right on day one matters.

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

Southwest Coconut Grove is a small, supply-tight market, so I treat one month's median as a signal and the per-square-foot trend as the truth. Bring me the specific house and I will tell you where it really sits.

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 Southwest 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 Family Homes Guide
• Coconut Grove Waterfront Guide
• South Florida Housing Market Data (full dashboard)

Gerardo Gonzalez

Licensed Real Estate Agent at Compass | LuxuryDade