Housing in Coral Gables
Coral Gables housing prices well above the rest of Miami-Dade County, with an enormous range concealed inside the citywide median.
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Learn moreA high, wide-ranging citywide median
Redfin's trailing three-month window ending July 2026 put Coral Gables' median sale price at roughly $1.7M, essentially flat year over year (down 0.06%), while price per square foot ran about $822, up 10.3% year over year, per this site's base record. Neighborhood variance is enormous even within city limits -- Central Gables ran about $593K in the same window, while waterfront Gables by the Sea ran about $4.3M -- so the citywide figure should be read as directional, blending genuinely different submarkets, not one market.
Architectural review shapes what gets built and renovated
Coral Gables has maintained a strict architectural review code since its founding, governing new construction and many renovations within the city -- a real factor for buyers planning to modify a property, and part of why the historic Mediterranean Revival character has held up for a century, per this site's base record.
A largely built-out city with limited new supply
Coral Gables' population has grown only 0.31% annually in recent years (WorldPopulationReview) -- consistent with a mostly built-out city where architectural review and limited vacant land constrain new housing supply, a structural reason prices have stayed elevated even as the broader South Florida market has cooled in places.
Key takeaways
- Coral Gables' median sale price runs near $1.7M (Redfin, trailing 3 months ending July 2026), roughly flat year over year, with price per square foot around $822, up 10.3% YoY.
- Submarket variance is extreme: about $593K in Central Gables versus about $4.3M in Gables by the Sea in the same window -- treat the citywide median as directional only.
- A strict, long-standing architectural review code governs new construction and many renovations citywide.
- Slow population growth (0.31%/yr) reflects a largely built-out city with limited new supply, a structural factor keeping prices elevated.
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