Buyer's MarketMay 2026

Coconut Grove Housing Market Report

Live MLS data · 40 active listings · $3.4M median · Updated May 2026

TL;DR

The Coconut Grove housing market has 40 active listings with a median asking price of $3.4M as of May 2026. 83% of listings have had a price reduction. Average price per square foot is $1727, with homes spending an average of 80 days on market — a buyer's market.

40

Active Listings

$3.4M

Median Price

$1727

Avg $/sqft

80

Avg Days on Market

83%

Price Reduced

Price Distribution

$1M–$2M
9 (23%)
$2M+
31 (78%)

By Property Type

Condos
$3.4M
Single-Family
$4.5M

Median Price by Bedrooms — Coconut Grove

BedroomsActive ListingsMedian Price
Studio/1 BR1$1.3M
2 BR11$1.9M
3 BR12$3.4M
4 BR14$7.6M
5+ BR2$8M

ELLA AI Market Analysis — Coconut Grove

The Coconut Grove real estate market currently has 40 active listings as of May 2026, with a median asking price of $3.4M and an average of $1727/sqft. Homes are spending an average of 80 days on market — conditions are leaning in favor of buyers, with longer listing times and more seller flexibility.

Single-Family represent the best value in Coconut Grove right now, with an average price per square foot of $1444 and a median asking price of $4.5M. There are currently 7 active single-family listings available.

With 83% of listings having seen a price reduction, there is meaningful negotiating room in Coconut Grove. Buyers who are patient and well-prepared can expect sellers to be more flexible on price and terms.

Frequently Asked Questions — Coconut Grove Real Estate Market

What is the average home price in Coconut Grove right now?

As of May 2026, the median asking price in Coconut Grove is $3.4M, with an average of $4.9M. Prices range from $1.3M to $23.5M. The average price per square foot is $1727.

Is Coconut Grove a buyer's or seller's market?

Coconut Grove is currently a buyer's market. Homes average 80 days on market and 83% of listings have had price reductions — indicating seller flexibility. Buyers have real room to negotiate.

How long do homes stay on the market in Coconut Grove?

As of May 2026, homes in Coconut Grove spend an average of 80 days on market before going under contract. This varies by price range and property type — condos and lower-priced homes typically move faster. ELLA's IQ score flags listings that have been sitting longer than expected, often indicating negotiation opportunity.

What is the most affordable property type in Coconut Grove?

Single-Family are currently the most affordable by price per square foot in Coconut Grove, averaging $1444/sqft with a median price of $4.5M. There are 7 active single-family listings available.

How much can I save buying in Coconut Grove with Casa Simple?

Based on the median home price of $3.4M in Coconut Grove, Casa Simple buyers typically receive a rebate of $23K–$46K at closing. This is cash back from the buyer's agent commission — you pay nothing extra. The exact rebate depends on purchase price and plan.

What is the average HOA fee in Coconut Grove?

HOA fees are not aggregated at the city level in our market report. Fees vary widely by building, community, and property type — condos typically have higher fees than single-family homes. Each listing on Casa Simple shows the HOA fee when available. For condo buildings, visit the building's dedicated page to see estimated average HOA fees.

Ready to buy in Coconut Grove?

ELLA analyzes every listing in Coconut Grove with an AI-powered IQ score. Get up to $46K back at closing.