Coral Gables Home Prices 2026: $1.18M Median

The Coral Gables Section is the historic Mediterranean heart of the Gables, a single-family neighborhood known for tree-lined streets, architectural codes, and walkability to Miracle Mile. It is a thin, high-end market. I counted just 23 homes sold in the latest month against 78 active listings, so the median can move sharply on which houses close.

The median sale price was $1,179,562 as of April 2026, down from $1,455,000 a year earlier, a 19 percent year-over-year decline. On 23 monthly sales that drop most likely reflects a shift toward smaller or interior homes closing rather than a broad price retreat, which is exactly why I lean on per-square-foot and comparable sales here.

Coral Gables Section Home Prices and Price Per Square Foot

I track about $732 per square foot in the Coral Gables Section as of April 2026. The 19 percent year-over-year decline in the median sits on a small sample, so I read it as a change in mix more than a fall in value for a given house. The Gables rewards original detail and lot quality, and those swings do not show up cleanly in a 23-sale monthly median. For a precise number I price the specific house against recent like-for-like sales.

Is Coral Gables Section a Buyer's or Seller's Market?

At 5.4 months of supply, the Coral Gables Section is balanced on my inventory rule, and the median 66 days on market is the fastest in this set, a sign that correctly priced Gables homes still move quickly. Notably, 32.2 percent of active listings had a price cut, one of the higher cut rates here, which tells me sellers who started high are resetting. For a buyer that is leverage on stale listings; for a seller it is a warning against overpricing.

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

The Gables Section is a small market where mix moves the median, so a soft year-over-year number is not a discount signal. Well-priced homes here still sell in about two months.

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 Coral Gables Section 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

• Coral Gables Historic Homes Guide
• Coral Gables Luxury Estates Guide
• South Florida Housing Market Data (full dashboard)

Gerardo Gonzalez

Licensed Real Estate Agent at Compass | LuxuryDade