$885,000
This is a premium price point for a 3-bed, 2-bath single family home, so buyers should expect a well-located neighborhood where homes hold their value. At this level, condition matters a lot—updated homes tend to command stronger pricing, while dated homes need to “earn” the number through layout and lot.
$546.23
Space here isn’t cheap, so you’re paying as much for the neighborhood as you are for the home itself. For buyers, this means small differences in size and finishes can swing the price quickly.
Between $444.98–$669.84
That’s a noticeable spread, which usually comes down to updates, exact location within Coral Gables, and how “turn-key” the home feels. If you’re hunting for value, the lower end is where older or less-updated properties tend to land; the higher end is what you’ll see for renovated, polished homes.
About 1,300–1,950 sqft
Homes in this submarket are typically around 1,300–1,950 sqft, which often means comfortable family-sized layouts but not huge footprints. Buyers should pay close attention to how the space is used—smart renovations, open kitchens, and improved storage can make a big difference in day-to-day livability and resale appeal.
5,650 sqft
Most homes sit on lots around this size, which is usually enough for a real backyard, outdoor seating, landscaping, and some room for a pool or future expansion depending on the existing footprint. Bigger lots do exist, but they’re not the norm, so buyers who want major outdoor space should be selective.
7,500 sqft
The larger lots can create real upside for additions, bigger outdoor upgrades, or a more ambitious renovation plan.
1968
Homes here are generally older, which often means solid character and established streets—but also a higher chance you’ll be dealing with older systems, layouts, or materials. For buyers and investors, that can be a plus if you want renovation upside, as long as you budget for meaningful updates.
76 days
Properties are not flying off the shelf, so buyers usually have time to shop carefully and compare options. It’s a market where patience and negotiation strategy can pay off, especially if a home needs work.
7.6%
It’s common to see sellers adjust pricing after testing the market, which can open the door for buyers to negotiate—especially on homes that feel dated or overpriced for their condition.
93.6% Sale-to-List Ratio
Buyers are generally not paying full asking price, so there’s typically some room to negotiate. Well-updated homes can still sell stronger, but overall pricing is not as rigid as it would be in a “must-bid-now” market.
13.2%
Price cuts happen, but they’re not everywhere—so the best opportunities usually come from targeting the homes that sit longer or start too high. Buyers who track days on market closely can find leverage.
1.7% Renovation Rate
Very few properties are being updated and flipped before resale, which suggests a lot of homes may come to market in more original condition. For someone willing to renovate, that can be an opportunity to buy “before the upgrades” and create value through improvements.
Largest Lot Sizes Start Near 6,255 sqft
There are some lots with extra breathing room, which can support expansion plans, but you’ll have to target specific properties rather than assume it’s common. Given the older home ages, expansion and modernization can be a viable strategy—especially when you find a larger lot paired with an outdated house.
Coral Gables in this price band looks like a premium neighborhood where buyers often have negotiating room, especially when a home sits for a while or needs updates. The combination of older homes and limited renovation activity can favor buyers and investors who aren’t afraid of a renovation budget. If you want a move-in-ready home, expect to pay closer to the higher end per square foot; if you’re willing to improve a property, the best plays are usually the ones priced closer to the lower end with solid bones and a workable lot.