Coral Gables Detached Home Market Update – July 2026

If you're considering buying or selling a detached home in Coral Gables, understanding current market conditions is an important step in making an informed real estate decision. Whether you're purchasing a primary residence, relocating to Miami-Dade County, investing in luxury real estate, or searching for a waterfront estate, current market trends can help you better understand today's opportunities.

I'm Tom Dunphy Realtor, a Florida real estate sales associate with Fulton Grace Realty, and Thomas J. Dunphy III, RD8755, Florida State-Certified Residential Real Estate Appraiser, APPRAIS. Through TomDunphySellsRealEstate.com, I publish local real estate market updates that combine current MLS statistics with nearly three decades of residential valuation experience to provide buyers and sellers with professionally supported market insight.

Coral Gables Detached Home Market Overview

The Coral Gables detached home market remained generally stable as of July 2026. Buyer demand continued to strengthen throughout the past year while available inventory remained relatively consistent. Median sale prices increased during the most recent three-month period, marketing times improved, and housing supply remained balanced despite the area's luxury price range.

Current market statistics indicate 160 active detached home listings during the most recent three-month period, compared with 145 during the prior four-to-six-month period and 151 during the prior seven-to-twelve-month period. Months of housing supply remained relatively stable at approximately 4.29 months, compared with 4.03 months and 5.12 months during the earlier reporting periods.

Buyer activity strengthened throughout the reporting periods. The absorption rate increased from 29.50 sales per month during the prior seven-to-twelve-month period to 36.00 and 37.33 sales per month during the most recent reporting period. This reflects continued buyer demand within Coral Gables' luxury detached home market.

Median detached home sale prices also strengthened over the past year. The median sale price increased from approximately $2,012,500 during the prior seven-to-twelve-month period to $2,290,501 during the prior four-to-six-month period and $2,562,500 during the most recent three-month period. Median marketing time improved from 81 days to 47 days, before measuring 68 days during the current reporting period. Homes continued to sell at approximately 100% of their reported list prices, while foreclosure and short-sale activity remained negligible and was not a significant factor in the market.

Overall exposure and marketing periods for detached homes in Coral Gables are generally estimated at three to six months, depending on property condition, architectural style, waterfront influence, location, lot size, pricing, and overall market competition.

What This Means for Buyers

Buyers continue to find opportunities throughout Coral Gables despite the area's luxury price point. Housing supply remains balanced, allowing buyers to compare neighborhoods, architectural styles, waterfront locations, lot sizes, and recent comparable sales before making a purchase decision.

Well-maintained homes that are appropriately priced continue to attract strong buyer interest.

What This Means for Sellers

The Coral Gables detached home market remains generally stable and continues to benefit from healthy buyer demand.

Homes that are accurately priced, professionally presented, and properly maintained generally receive the strongest buyer interest. Reviewing recent comparable sales together with competing active listings remains an important part of establishing an effective asking price.

Why Professional Market Analysis Matters

Detached homes in Coral Gables vary significantly in architectural style, lot size, waterfront location, historic significance, renovations, and luxury amenities. These characteristics can have a substantial influence on market value.

As Thomas J. Dunphy III, RD8755, Florida State-Certified Residential Real Estate Appraiser, APPRAIS, I analyze these factors while completing residential appraisal assignments throughout Florida.

As Tom Dunphy Realtor with Fulton Grace Realty, I use that same valuation experience to help buyers and sellers better understand current market conditions and make informed real estate decisions.

Whether you're purchasing your first home in Coral Gables, relocating to South Florida, or preparing to sell a luxury residence, professional market analysis provides valuable insight into today's market.

Explore More Treasure Coast & Palm Beach County Market Updates

If you're researching communities throughout Florida, you may also find these market reports helpful:

  • Coral Gables Condo Market Update
  • Juno Beach Detached Home Market Update
  • Juno Beach Condo Market Update
  • West Palm Beach Detached Home Market Update
  • West Palm Beach Condo Market Update
  • Palm Beach Gardens Detached Home Market Update
  • Palm Beach Gardens Condo Market Update
  • North Palm Beach Detached Home Market Update
  • North Palm Beach Condo Market Update
  • Jupiter Detached Home Market Update
  • Tequesta Detached Home Market Update
  • Hobe Sound Detached Home Market Update
  • Fort Pierce Detached Home Market Update
  • Fort Pierce Condo Market Update
  • Port St. Lucie Detached Home Market Update
  • Port St. Lucie Condo Market Update
  • Hutchinson Island Detached Home Market Update
  • Hutchinson Island Condo Market Update

Each market report is prepared by Tom Dunphy Realtor and combines current MLS market statistics with professional valuation insight from Thomas J. Dunphy III, RD8755, Florida State-Certified Residential Real Estate Appraiser, APPRAIS.

Together, these reports help buyers, sellers, homeowners, and investors better understand changing real estate conditions throughout Florida.

Contact Tom Dunphy Realtor

If you're thinking about buying or selling a detached home in Coral Gables, I'd be happy to discuss current market conditions and help you better understand today's opportunities.

Whether you need professional real estate representation or an experienced perspective on market value, Tom Dunphy Realtor and Thomas J. Dunphy III, RD8755, Florida State-Certified Residential Real Estate Appraiser, APPRAIS, with Fulton Grace Realty, provide knowledgeable guidance supported by current market data and nearly three decades of residential valuation experience.

 

Visit TomDunphySellsRealEstate.com for additional real estate market updates covering Coral Gables, West Palm Beach, Palm Beach Gardens, Juno Beach, North Palm Beach, Jupiter, Tequesta, Hobe Sound, Stuart, Palm City, Jensen Beach, Port St. Lucie, Fort Pierce, Hutchinson Island, and other Florida communities.