Published October 18, 2026 in Market Update

Coconut Grove prices rose even with longer selling times

By Shelia Gasson

Real estate, Coconut Grove

Here is the number that matters most if you own in Coconut Grove. The Real Estate Data Aggregator counted 166 homes sold in ZIP 33133 in the three months ending August 31, 2026. The median sale price came in at $1,787,000. That is up 13.8% from the same three months in 2025. Prices moved up even as selling times stretched out. That tells me there is real pricing power here, but you still need a plan that fits today's pace.

For context on what that price growth means for owners: MAR reported on October 16, 2026 that South Florida single-family homeowners who bought 15 years ago hold about $500,000 in equity as of 2026. Coconut Grove's 13.8% price jump fits that longer story of steady value building in this market.

Homes sold faster than a year ago, but still took time

The Real Estate Data Aggregator shows the median days on market in ZIP 33133 was 93 days in the three months ending August 31, 2026. That is 28 days longer than the same period in 2025. Not every listing moved quickly. If you price too high, you will feel those extra weeks.

More buyers went under contract, even as fewer homes hit the market

The Real Estate Data Aggregator counted 152 pending sales in ZIP 33133 during the three months ending August 31, 2026. That is up 9.4% from a year before. At the same time, new listings fell 3.1%, to 189. Homes for sale dropped 20.5% year over year, to 299. Fewer listings with more pending contracts is part of why prices held up.

Rates are working against buyers right now

MAR reported on October 16, 2026 that mortgage rates rose to 7.46%. That is a real cost for anyone financing a purchase. It slows some buyers down, which is part of why 93 days on market is now the norm here. Price your home with that buyer reality in mind.

The Federal Housing Finance Agency reported on September 29, 2026 that U.S. house prices rose 2.6% from July 2025 to July 2026. Coconut Grove's 13.8% gain ran well ahead of that national pace. That gap is worth knowing if you are comparing this market with others.

Most homes sold below list price

The Real Estate Data Aggregator shows only 3.6% of homes in ZIP 33133 sold above list price in the three months ending August 31, 2026. The average sale came in at 94.2% of list price. That means most sellers gave something back. Getting the list price right from the start matters more than ever at this pace.

One more thing I always say: the ZIP code tells you the trend, but one street can read very differently from another. A block closer to the bay, a building with stronger reserves, a home that needs work versus one that is move-in ready. Those details shift the number. If you want to know where your specific home sits, reach out and I will take a closer look.