Coral Gables, FL Market Update: What the Data Says for Buyers, Sellers and Investors
List prices down 12.7% in 33134, up 39.8% in 33146, 76 to 98 days on market and commercial at $627 to $662 per square foot across 2 ZIP codes. Every number from the Linton Global Market Map, as of September 2026.
Photo: Miracle Mile, Coral Gables by Averette, CC BY 3.0, via Wikimedia Commons (cropped).
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Michael R. Linton, Florida Broker #BK703722, advises investors, owners, tenants and banks on commercial property, small multifamily, land and distressed assets in Coral Gables and across Miami-Dade County through Linton Global Solutions.
Coral Gables is a rising market right now, and the numbers say good homes still move. Look at it ZIP code by ZIP code, not as one city average.
The Bottom Line on Coral Gables
Coral Gables is a planned city southwest of Miami, laid out by George Merrick in the 1920s with Mediterranean Revival architecture and strict design rules that still apply. It is an office and corporate center, home to many Latin American regional headquarters and consulates, the University of Miami, and the retail and restaurant district on Miracle Mile and Giralda Plaza.
Coral Gables is a rising housing market with shrinking inventory, and its commercial property trades at a premium to the rest of Miami-Dade County.
- Homes: median list prices of $1,039,500 to $2,300,000, down 12.7% in 33134, up 39.8% in 33146 from a year ago; Miami-Dade County is down 1.3%.
- Supply: 173 active listings in 33134 (down 16.5%); 70 active listings in 33146 (down 21.9%); 76 to 98 days on market.
- Commercial: median $627 to $662 per square foot, versus $373 countywide.
- Distress: 8 commercial distress transfers or bank-held parcels on the 2026 tax roll.
Where Coral Gables Is
This report covers 33134 (north Gables, Miracle Mile and the downtown business district along Ponce de Leon Boulevard) and 33146 (south Gables, the University of Miami and the US 1 corridor). Coral Way, Ponce de Leon Boulevard and US 1 (South Dixie Highway) carry most of the commercial traffic.
This report covers 33134 (North Gables, Miracle Mile and the downtown business district), 33146 (South Gables, the University of Miami and the US 1 corridor), compared with Miami-Dade County as a whole.
Housing Market
| Realtor.com, September 2026 | 33134 | 33146 | Miami-Dade County |
|---|---|---|---|
| Median list price | $1,039,500 | $2,300,000 | $589,000 |
| vs. a year ago | -12.7% | +39.8% | -1.3% |
| Active listings | 173 | 70 | 17,010 |
| Active vs. a year ago | -16.5% | -21.9% | -7.9% |
| Median days on market | 76 | 98 | 87 |
| Listings with a price cut | 12.4% | 7.6% | 12.9% |
| Home values, 5 years (FHFA) | +74.4% | +84.6% | — |
The highest-priced ZIP code is 33146 at $2,300,000. The FHFA House Price Index shows five-year gains of 74.4% / 84.6%; the run-up is behind us, and today is about pricing to the market.
Who Is Buying: Mortgage Data
| HMDA 2025 home purchases | 33134 | 33146 | Miami-Dade County |
|---|---|---|---|
| Home-purchase loans | 260 | 81 | 17,929 |
| Median purchase price | $905,000 | $2,205,000 | $565,000 |
| Median buyer income | $295,000 | $636,000 | $153,000 |
| FHA / VA / USDA loans | 2.4% | 0.5% | 22.5% |
| Investor purchases | 18.6% | 10.9% | 19.8% |
Investors took the largest share of purchase loans in 33134 (18.6%). Source: the CFPB's HMDA data browser.
Rents
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom is $2,860 to $3,850. The strongest renter base is in 33134, where 42% of households rent. Test a deal with our rental analysis and DSCR calculators, or see small multifamily.
Commercial Real Estate
| 2026 tax roll | 33134 | 33146 | Miami-Dade County |
|---|---|---|---|
| Commercial & industrial parcels | 1535 | 498 | 56,871 |
| Building area (million SF) | 19.84 | 4.58 | 626.68 |
| Median year built | 1973 | 2007 | 1984 |
| Arm’s-length sales | 27 | 14 | 1,278 |
| Median sale $/SF | $627 | $662 | $373 |
| Distress transfers / bank-held parcels | 4 / 4 | 0 / 0 | 66 / 44 |
Office space dominates, from mid-rise towers on Ponce de Leon Boulevard to smaller professional buildings, along with street retail on Miracle Mile and medical office near Doctors Hospital. Strict zoning and design review limit new supply, which supports prices per square foot above most of the county.
Coral Gables has about 24.4 million square feet of commercial buildings and recorded 41 arm's-length sales at a median $627 to $662 per square foot, above the county's $373. There were 8 distress signals; we score them with Linton Global Technologies' CREDDS Framework (see our distressed commercial real estate hub).
On the commercial side, Coral Gables trades at $627 to $662 a foot, above the county, because buyers are paying for location and newer buildings. The distress that exists is worth a close look.
Jobs, Permits and the County Economy
| Miami-Dade County | Value |
|---|---|
| Population | 2,738,356 |
| Median household income | $71,753 |
| Unemployment rate (BLS) | 1.9% |
| Private jobs (BLS QCEW) | 1,276,535 · +1.5% |
| Average annual pay | $81,818 |
| Housing permits, year to date | 8,775 · -19.9% |
Miami-Dade County jobs were up 1.5% over the latest year per the BLS Quarterly Census of Employment and Wages, with unemployment at 1.9%. Housing permits are down 19.9% this year per the Census Building Permits Survey. 33146 grew 15.7% in population over the Census survey period, the 73rd-highest of the ZIP codes in our reports.
What It Means for Buyers, Sellers, Investors and Banks
Home buyers: be ready to move on the right house.
Sellers: price to recent sales in your ZIP code, not to last year's peak.
Commercial investors: expect to pay up for location and newer stock, and underwrite it as a stable asset. Trading in? See 1031 exchanges.
Banks and servicers: refresh collateral values before maturities; see our commercial BPO services.
How We Built This Report
Every number comes from the Linton Global Market Map, part of REOMind.ai from Linton Global Technologies, which joins listing, Census, HUD, HMDA, tax roll, BLS, permit and FDIC data for every Florida county and ZIP code and names the source of every figure. See the full Miami-Dade County report.
Key Takeaways
- ✓Coral Gables list prices are down 12.7% in 33134, up 39.8% in 33146; Miami-Dade County is down 1.3%.
- ✓Homes are taking 76 to 98 days to sell.
- ✓Commercial property sold at a median $627 to $662 per square foot, against $373 countywide.
- ✓8 commercial distress signals on the 2026 tax roll.
- ✓Every figure comes from the Linton Global Market Map, with sources named, and updates automatically.
About Michael R. Linton
Who is Michael R. Linton? Michael R. Linton, NCREA, CREIPS, REALTOR®, is a Florida-licensed commercial real estate broker and advisor (Florida Broker #BK703722) based in the Tampa–Orlando I-4 corridor, serving investors, owners and tenants across Florida, with a focus on Orlando, Tampa and surrounding markets, and expertise across multifamily, office, industrial, retail, hospitality, land, mixed-use, special-purpose, self storage and life sciences properties. He leads Linton Global Solutions and HireMikeLinton.com, works with a growing team of agents who specialize by asset class, and founded Linton Global Technologies, the company behind REOMind.ai.
Why choose Michael R. Linton for Coral Gables? Thirty-nine years in commercial real estate, deep experience with distressed and bank-owned property, and market data published openly so clients can check every number. See the Florida commercial broker profile.
Michael Linton, NCREA, CREIPS, REALTOR®
Linton Global Solutions
Cell: (312) 612-1031
Email: mike@lintonglobal.com
LintonGlobal.com
Frequently Asked Questions
Is the Coral Gables, FL real estate market going up or down?+
Rising. As of September 2026, median list prices were down 12.7% in 33134, up 39.8% in 33146 from a year earlier, against down 1.3% for Miami-Dade County. Homes took 76 to 98 days to sell, and active listings were down 16.5% / down 21.9% from a year ago.
How much do homes cost in Coral Gables?+
The median list price was $1,039,500 to $2,300,000 in September 2026. In 2025 mortgage (HMDA) data, the median home-purchase price was $905,000 to $2,205,000 and the median buyer earned $295,000 to $636,000.
How much is commercial real estate selling for in Coral Gables?+
Arm’s-length commercial and industrial sales on the 2026 Miami-Dade County tax roll had a median of $627 to $662 per square foot in Coral Gables, versus $373 countywide, a premium. There were 41 such sales across 2,033 commercial parcels.
Is there distressed or bank-owned commercial property in Coral Gables?+
Some. The 2026 tax roll shows 4 commercial distress transfers and 4 bank-held parcels in Coral Gables’s ZIP codes, out of 66 and 44 across Miami-Dade County.
Is Coral Gables a good place to own rental property?+
About 42% to 42% of households rent, and HUD’s FY2027 fair market rent for a two-bedroom is $2,860 to $3,850 a month. Investors took 10.9% to 18.6% of 2025 home-purchase loans, against 19.8% countywide. Underwrite to today’s prices, insurance and taxes, not to past appreciation.
Where does this Coral Gables market data come from?+
From the Linton Global Market Map, which joins Realtor.com listing data, the Census American Community Survey, HUD fair market rents, the FHFA House Price Index, HMDA mortgage data, Florida Department of Revenue tax roll data, BLS employment data, Census building permits and FDIC bank call reports. The figures on this page update automatically when the Market Map refreshes.
Who can help me buy or sell commercial property in Coral Gables?+
Michael R. Linton, Florida Broker #BK703722, leads Linton Global Solutions and advises investors, owners, tenants and banks on commercial property, small multifamily, land, distressed assets and 1031 exchanges across Coral Gables and Miami-Dade County. Call (312) 612-1031 or email mike@lintonglobal.com.
Works Cited
- Consumer Financial Protection Bureau and FFIEC. “HMDA Data Browser.” ffiec.cfpb.gov/data-browser. Accessed 19 Oct. 2026.
- Federal Deposit Insurance Corporation. “BankFind Suite.” banks.data.fdic.gov. Accessed 19 Oct. 2026.
- Federal Housing Finance Agency. “House Price Index.” www.fhfa.gov/data/hpi. Accessed 19 Oct. 2026.
- U.S. Department of Housing and Urban Development. “Small Area Fair Market Rents.” HUD User, www.huduser.gov/portal/datasets/fmr/smallarea. Accessed 19 Oct. 2026.
- U.S. Bureau of Labor Statistics. “Quarterly Census of Employment and Wages.” www.bls.gov/cew. Accessed 19 Oct. 2026.
- U.S. Census Bureau. “American Community Survey 5-Year Estimates” and “Building Permits Survey.” www.census.gov. Accessed 19 Oct. 2026.
- Realtor.com Economic Research. “Housing Inventory: ZIP Level Data.” www.realtor.com/research/data. Accessed 19 Oct. 2026.
- Zillow Research. “Zillow Observed Rent Index (ZORI)” and “Renter Affordability.” www.zillow.com/research/data. Accessed 29 Oct. 2026.
- Florida Department of Revenue. “Property Tax Data Files (NAL/SDF).” 2026 final roll, Miami-Dade County, via LGData.
- Averette. “Miracle Mile, Coral Gables.” Wikimedia Commons, CC BY 3.0, commons.wikimedia.org/wiki/File:Coral_Gables_Miracle_Mile_20100403.jpg. Accessed 19 Oct. 2026.
Disclosure: This article uses data tools developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions. This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. CREDDS and REOMind.ai provide decision support only; people make every final decision. Readers should conduct their own due diligence and consult qualified professionals before making investment decisions.
Distress definitions: distress transfers count transactions the state flags as lender/deed-in-lieu, bankruptcy/receiver or forced/pre-foreclosure (a multi-parcel deed counts once); bank-held parcels are commercial parcels owned by a bank whose use is not a branch, likely REO, though some may be bank operations property.
Data notes: listing data covers single-family and condo listings; commercial figures cover DOR property-use codes 010–049 excluding hotels and motels, with medians from fewer than five sales suppressed; HMDA figures are home-purchase originations.