Episode 3 · Transaction Data, Bidding Wars & ValuationsUpdated 2026
Coconut Grove Home Prices, Days to Sell and Supply
Coconut Grove sells houses, condominiums and townhouses side by side, and what closes in any one season depends on which of them happened to sell. This page shows what Coconut Grove homes sell for, how far below the asking price they close, how long a home takes to go under contract, and how many homes are waiting to sell.
Median sale price
$1,905,000
+11.4% vs the prior 52 weeks
Median days to contract
76 days
+9 days vs the prior 52 weeks
Sale vs. original ask
91.9% of the original ask
No change vs the prior 52 weeks
Homes for sale now
219
282 a year earlier
💡 Key Insights & Takeaways
- 89.9% of closings in the three months to 5 October 2026 sold below the original ask, at a median discount of 7.9%, and only 1.8% sold above it.
- Only 9.4% of homes went under contract within 14 days in those three months, against 12.9% in the 21 months before.
- Over the 52 weeks to 5 October 2026, the median close rose 11.4% and the median price per square foot rose 11.8%, so prices moved and not only the mix of homes.
- The weekly count for the week of 4 October 2026 found 219 homes for sale against 282 a year earlier, down 22.3%.
- 33.0% of closings in the three months carried a price cut, against 39.1% in the 21 months before.
Coconut Grove's median closing price rose from $1,750,000 in the 21 months before to $2,350,000 in the three months to 5 October 2026, yet a home still took a median 70.5 days to go under contract. Prices moved and speed did not. The sales data run through 2 October.
At a glance
Coconut Grove closings and homes for sale, each row with its window. Days to contract here means list to pending: the days from the day a home is listed to the day it goes under contract, not to the day it closes.
| Measure | Value | Window |
|---|---|---|
| Median closing price, all homes | $2,350,000 (n = 115) | 30 June to 5 October 2026, sales data through 2 October |
| Median days to contract, list to pending | 70.5 days (n = 106) | 30 June to 5 October 2026, sales data through 2 October |
| Closings below the original ask | 89.9% (n = 109) | 30 June to 5 October 2026, sales data through 2 October |
| Median price per square foot, all homes | $1,015 (n = 100) | 30 June to 5 October 2026, sales data through 2 October |
| Homes for sale and under contract | 219 for sale, 48 under contract | Week of 4 October 2026 |
What do Coconut Grove homes sell for?
The median home closed at $2,350,000 in the three months from 30 June to 5 October 2026, on 115 closings. In the 21 months before, from 30 September 2024 to 29 June 2026, the median was $1,750,000, on 785 closings. The sales data run through 2 October, so the three-month figures cover 95 of the 98 days. The closings include 8 condominium sales at Grove addresses that have no match in the county's property list, and their home type comes from the listing instead.
Part of that rise is a change in what sold. More single-family homes closed in the three months, and more closings had an original ask (the first price the listing carried) of $3 million or more, so the median partly reflects which homes happened to sell. Price per square foot shows that the move is not only a change in what sold. It was $1,015 against $828 in the 21 months before, on 100 and 669 closings, and it was higher in every type of home. Square footage here is the living area as listed for sale.
Median closing price and median price per square foot for all homes, the three months to 5 October 2026 against the 21 months before (sales data through 2 October 2026).
| Measure | Three months to 5 October 2026 | 21 months before |
|---|---|---|
| Median closing price | $2,350,000 (n = 115) | $1,750,000 (n = 785) |
| Median price per square foot | $1,015 (n = 100) | $828 (n = 669) |
Closings and median price per square foot by type of home, 30 June to 5 October 2026 (sales data through 2 October 2026).
| Type of home | Closings | Median price per square foot |
|---|---|---|
| Single-family house | 51 | $1,018 (n = 43) |
| Condominium | 47 | $1,152 (n = 43) |
| Townhouse | 17 | $744 (n = 14, small sample) |
A condominium closed at $1,152 a square foot at the median, against $1,018 for a house and $744 for a townhouse, so the types are different markets and are best compared one at a time. The townhouse figure rests on 14 sales, which is a small sample.
The longer view agrees. Over the 52 weeks to 5 October 2026, the median close was $1,905,000, against $1,710,000 in the 52 weeks before, up 11.4%, on 478 and 417 closings. The median price per square foot was $888 against $794, up 11.8%. The two measures rose by about the same amount, so this was a price move and not only a change in what sold. Both figures look backward, and neither is a forecast.
Do Coconut Grove homes sell for more than the asking price?
Almost no home sells above the ask. Of the 109 closings in the three months to 5 October 2026 that had a usable original ask, 2 closed above it, which is 1.8%, a share too thin to read as a trend. In the 21 months before it was 4.1%, on 749 closings.
Most homes close below the original ask. 89.9% did in the three months, against 88.8% before, and the median discount was 7.9%, against 8.1%. The median discount is how far the sale price fell below the original ask, as a share of that ask.
Fewer sellers cut the price before selling. 33.0% of the 115 closings carried a price cut in the three months, against 39.1% of 785 before. That shows what happened and not why.
How long does a Coconut Grove home take to go under contract?
Days to contract here means list to pending: the days from the day a home is listed to the day it goes under contract, not to the day it closes. The median was 70.5 days in the three months to 5 October 2026, on the 106 closings that carry a contract date. In the 21 months before it was 72 days, on 730 closings, so speed barely moved.
Few homes move fast. 9.4% went under contract inside 14 days in the three months, against 12.9% before.
A home that is listed again waits far longer. The relisted homes among those closings took a median 363 days from their first listing to a contract, on 32 closings. Relisted homes were the harder sales to begin with, so that figure describes them and does not show that listing again caused the wait.
How many homes are for sale in Coconut Grove now?
The weekly count for the week of 4 October 2026 found 219 homes for sale and 48 under contract. The counts cover Coconut Grove addresses only. They cover houses, condominiums and townhouses, and they leave out vacant land and buildings with several units. Weeks of supply is how long today's homes for sale would take to sell at the closing pace of the last 13 weeks, and the pending ratio is the number of homes under contract for each home for sale.
Homes for sale in Coconut Grove, the week of 4 October 2026 against 13 weeks and a year earlier (weekly count).
| Measure | 4 October 2026 | 5 July 2026 | 5 October 2025 |
|---|---|---|---|
| Homes for sale | 219 | 232 | 282 |
| Weeks of supply | 26.9 | 21.2 | 35.9 |
| Pending ratio | 0.219 | 0.194 | 0.110 |
The count is falling with the season. It was 232 thirteen weeks earlier, so it is down 5.6%, and the season alone would have taken it down 4.8%. That leaves -0.8 points for the trend. The seasonal read rests on one complete year, 2025, so treat it as a direction.
Here is what is on the market. The median asking price is $2,925,000, with half of the homes asking between $1,383,750 and $5,821,250, on 220 listings. The 220 listings include one building with several units that the weekly count of homes leaves out. The median listing has been up 102 days. Days listed counts from the date of the current listing, so it is not days on market, and a home that was listed before can be older than the count shows. 72 of the 220, 32.7%, have already cut the price.
What changed in Coconut Grove against a year ago?
The count of homes for sale is 219 against 282 a year earlier, down 22.3%, and 22 homes in every 100 are under contract against 11. The flow that moved most was failed listings. In the 13 weeks to 4 October 2026, 54 listings came off the market unsold, against 82 in the same weeks a year earlier, down 34.1%. Contracts rose from 85 to 102, up 20.0%, closed listings from 102 to 106, and new listings barely moved, at 160 against 157.
Read these figures for the type of home and the price range you are weighing. The median closing price moves with which homes sell, and the count of homes for sale mixes houses, condominiums and townhouses.
Which months worked best for listing and for buying in Coconut Grove?
In 2025, the one complete year in the data, the best run of months to list a home was September through November. The best run if you are buying, meaning more homes to choose from and less competition, was January through March, and that is about choice and not a lower price. Months hold 19 to 56 closings, so every month here is a direction and not a rule.
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