Coconut Grove Home Sales 3rd Quarter 2026
Coconut Grove buyers and sellers, get the most recent stats on Coconut Grove home sales for the 3rd Quarter 2026.
Coconut Grove continues to attract buyers who value its unique combination of natural forested beauty, waterfront living, charming village atmosphere and walkabilty to town.
As we look at the stats for single family homes sales in the third quarter, the numbers provide valuable insight into buyer demand, available inventory, pricing trends and the pace of sales.
Third Quarter H0me Sales by the Numbers
- Total Home Sales: 50
- Pending Sales: 23
- Active Listings: 71
- Average Sale Price: $4,296,344
- Average Sale Price/Square Foot: $1,319
- Average Days on Market: 88
- Average Sale Price-to-List Price: 94%
What This Means for Buyers and Sellers
Buyers have limited choice as inventory is still shy of the numbers we like to see for a balanced market. The Grove has just under three months of inventory right now. This means that demand exceeds supply and properties, correctly positioned, sell quickly, often with mutliple offers. The data shows that the average home in July, August and September sold in 88 days at 94% sale price to list price. (This number does not take into account price reductions. The sale price to list price ratio is based on the final list price to sale price.) Here’s a good read to better understand why inventory is so low,
Buyers need to be ready to jump should a great home hit the market. Meet with your financial advisor or lender for a pre-approval. Have a letter of credit or proof of funds from your broker or banker to support a cash offer. Hire an agent who knows the neighborhood. And, if time allows, visit the home a few times for certainty. Buyers…here’s a good read for tips for what to offer on a house.
Sellers need market knowedge and an experienced realtor for advice on accurate pricing and strong presentation. Despite being in the drivers seat, pricing correctly out the gate and preparing the home to look its best, are critical. Buyers are savvy and more selective. If not under time constraints, they will wait for an appealing home, in a better location with a realistic price, especially with interest rates at 7.3%. Overpricing is costly in more ways than one!
The Top Sale in Coconut Grove
4040 Kiaora St sold for $22,500,000 or $2,547/SF. Kiaora is one of the few streets in South Coconut Grove with acreage. This was new construction and took over a year to sell.
Best Grove Deal
The best deal in the Grove was a 2 bedroom, 1 bath home at 3631 Florida Av that sold for $1,050,000 or $698/SF.
Connect with Debra Wellins at BHHS EWM Realty for a market analysis of your home or tour of Coconut Grove homes for sale.
ABOUT THE AUTHOR
Debra Wellins is a luxury real estate advisor with Berkshire Hathaway HomeServices EWM Realty, specializing in Miami’s most sought-after neighborhoods, including Coral Gables, Pinecrest, and Coconut Grove. She has over 15 years of experience, more than $48 million in career sales, and was recognized as the #1 agent in closed transactions in her office in 2023. Debra brings a calm, client-first advisory approach backed by a Master’s degree from FIU and a undergraduate degree from Northwestern University. She also holds GRI and CLHMS designations.
