Coral Gables Home Prices & Values

$671,500 Zillow Home Value Index What's This?  
Close

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 6.2% 1-year change
  • 0.8% 1-year forecast

Market Temperature: ColdWhat's This?
Close

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Coral Gables is $671,500. Coral Gables home values have gone up 6.2% over the past year and Zillow predicts they will rise 0.8% within the next year. The median list price per square foot in Coral Gables is $382, which is higher than the Miami-Fort Lauderdale Metro average of $158. The median price of homes currently listed in Coral Gables is $669,900 while the median price of homes that sold is $693,150. The median rent price in Coral Gables is $2,600, which is higher than the Miami-Fort Lauderdale Metro median of $1,800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Coral Gables is 16.6%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Coral Gables homeowners underwater on their mortgage is 10.5%, which is lower than Miami-Fort Lauderdale Metro at 21.9%.

more
Relative ZHVI
- +

Coral Gables Market Overview

Data through Jul 31, 2014
  • $671,500 ZHVI
  • 0.8% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $669,900 Median listing price
  • $693,150 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Coral Gables Market Health

Data through Jul 31, 2014
  • 5.1/10 Stable What's This?  
    Close

    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 10.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 16.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Pinecrest $826,800 South Miami $399,800 Sunset $304,600
Olympia Heights $284,100 West Miami $278,500 Coral Terrace $268,000
Westchester $267,100 Kendall $242,400 Glenvar Heights $191,000

Listings & Sales

Data through Jul 31, 2014
  • $382 Median list price / sq ft
  • $347 Median sale price / sq ft
  • 30.4% Listings with price cut
15.3%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Coral Gables Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$3,490 Coral Gables
$1,761 Miami-Fort Lauderdale Metro
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,600 Rent list price
  • $2.16 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading