Coral Gables, FL 33143 Real Estate Market Report

ZIP Code: 33143
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Coral Gables is characterized by a median sold price of $1,830,500, reflecting a robust demand despite recent fluctuations in home values. The neighborhood has shown an upward trend in prices, indicating a hot market environment. This suggests that while general home values may have experienced slight declines, the luxury segment continues to appreciate, contributing to overall market strength.

Transaction activity appears to be moderate, with 332 median days on market, which may indicate some buyer selectivity. Elevated inventory levels relative to sales activity suggest that while demand remains strong, buyers are exercising caution, potentially leading to slower sales velocity. The economic fundamentals in the Miami-Dade area remain positive, supporting high property values and a generally favorable market outlook.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for Coral Gables FL market are around 6.33% compared to 6.18% average rates seen one week ago, indicating a slight rate increase risk for new financing.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median listing price stands at $3,272,000, indicating a significant gap between asking prices and actual sold prices, which may reflect seller expectations versus market realities.

2. With a median days on market of 332, the market shows signs of slower sales velocity, suggesting that buyers may be taking more time to make purchasing decisions.

3. The median market rent is $3,340, which aligns with the upward trend in rental prices, indicating strong demand for rental properties in the area.

4. The property tax rate is 0.81%, which may influence buyer affordability and investment decisions in the Coral Gables market.

5. Current mortgage rates are around 6.33%, slightly elevated compared to previous weeks, which could impact financing conditions for potential buyers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.