Coconut Grove Real Estate Market Report – Q2 2025
The Coconut Grove real estate market in Q2 2025 showed different trends across single-family homes, resale condos, and townhouses. Single-family homes remained resilient, condo inventory continued rising and pushed the market further toward buyers, and townhouses saw stable activity with the strongest selection in the $1M to $2M price range.
If you are buying, selling, or investing in Coconut Grove real estate, this Q2 2025 market report offers a clear snapshot of pricing, inventory, buyer demand, and recent closed-sale trends.
Coconut Grove Market Overview – Q2 2025
The second quarter of 2025 reflects a relatively stable market for Coconut Grove single-family homes and townhouses, while the condo market continues to shift toward a buyer’s market as inventory reaches new highs.
- Single-family homes: Median sold prices reached another all-time high for a second quarter.
- Resale condos: Rising inventory, including newer product entering the resale market, increased competition and pressured pricing.
- Townhouses: Buyers have more options, especially in the $1M to $2M price segment, while prices remain mostly flat.
- Cash sales remain strong: 70% of single-family home sales, 77% of condo sales, and 40% of townhouse sales were cash transactions.
Single-Family Homes in Coconut Grove
The Coconut Grove single-family home market remained solid in Q2 2025. Sales volume and available inventory were generally in line with prior years, showing continued resilience despite broader market changes.
One of the biggest takeaways from this quarter is that the median sold price for Coconut Grove homes has more than doubled over the last five years. The report indicates an increase of approximately 167% since 2020, highlighting the long-term strength of this neighborhood.
Q2 2025 Single-Family Home Market Facts
- Highest sale: $9,800,000 at 3711 Park Ave.
- Home details: Built in 2024 with 6,186 square feet of living space on an 18,450 square foot lot.
- Sold price per square foot: $1,584
- Sale type: Cash transaction
- Lowest sale: $665,000 at 3631 Loquat Ave.
- Home details: Built in 1967 with 756 square feet of living space.
- Sold price per square foot: $880
- Sale type: Financed transaction
The average discount between asking price and selling price was 8% for Coconut Grove single-family homes in Q2 2025.
Coconut Grove Resale Condo Market
The Coconut Grove condo market continued shifting toward buyers in Q2 2025 as resale inventory climbed. Newer luxury developments entering the resale pool added more competition and put downward pressure on pricing.
One notable stat from the report is that 1 out of every 3 resale condos currently on the market was built after 2022. That matters because newer inventory can compete directly with older condo resales on amenities, finishes, and overall value.
Q2 2025 Coconut Grove Resale Condos Sold vs. For Sale
| Price Range | Condos Sold in Q2 2025 | Condos For Sale as of July 1, 2025 | Months of Inventory |
|---|---|---|---|
| $0–$1M | 19 | 41 | 6 |
| $1M–$3M | 20 | 76 | 11 |
| $3M–$5M | 4 | 22 | 16 |
| $5M–$10M | 3 | 16 | 16 |
| $10M+ | 2 | 8 | 12 |
These numbers show a clear rise in inventory across most price segments, particularly in the luxury condo market, where months of inventory remain elevated.
Q2 2025 Resale Condo Market Facts
- Highest condo sale: $12,500,000 at One Park Grove, 2811 S. Bayshore Dr.
- Unit details: Built in 2020, 5 bedrooms, 3,247 square feet of living space.
- Sold price per square foot: $3,850
- Sale type: Cash transaction
- Lowest condo sale: $315,000 at Villagio in the Grove, 3680 Oak Ave.
- Unit details: Built in 1957, 1-bedroom condo with 430 square feet of living space.
- Sold price per square foot: $456
The average discount between asking and selling price was 5% in the Coconut Grove resale condo market during Q2 2025.
Coconut Grove Townhouse Market
The townhouse segment remained active in Q2 2025, with the largest concentration of available inventory in the $1M to $2M range. While buyer choice has improved, pricing in this segment appears relatively flat.
Coconut Grove Townhouse Market Report
| Price Range | Q2 2023 Townhouses Sold | Q2 2024 Townhouses Sold | Q2 2025 Townhouses Sold | Inventory as of 07/2025 |
|---|---|---|---|---|
| Under $1M | 7 | 8 | 10 | 4 |
| $1M–$2M | 6 | 12 | 9 | 26 |
| $2M–$3M | 0 | 2 | 5 | 6 |
| $3M–$5M | 1 | 1 | 1 | 1 |
| Total | 14 | 23 | 25 | 37 |
Q2 2025 Townhouse Market Facts
- Highest townhouse sale: $3,650,000 at 2832 Coconut Ave.
- Property details: Built in 2004 with 4 bedrooms and 4.5 bathrooms.
- Sale type: Cash transaction
- Lowest townhouse sale: $599,000 at 3000 Bird Ave.
- Property details: Built in 1971 with 2 bedrooms and 965 square feet of living space.
The average discount between asking and selling price was 5% for Coconut Grove townhouses in Q2 2025.
What This Means for Buyers and Sellers in Coconut Grove
For sellers, the single-family home market continues to show long-term strength, especially for well-located and updated properties. For condo sellers, pricing strategy is increasingly important as buyers have more choices and more negotiating power. For townhouse sellers, competition is strongest in the mid-market segment, where inventory is deepest.
For buyers, Q2 2025 presents a more balanced opportunity in condos and townhouses, particularly for those seeking leverage in negotiations. In contrast, the single-family home market in Coconut Grove remains comparatively resilient and competitive.
Why Coconut Grove Continues to Stand Out
Coconut Grove remains one of Miami’s most desirable neighborhoods thanks to its waterfront lifestyle, mature tree canopy, walkability, marina access, luxury housing stock, and strong long-term demand. Even as different property categories move at different speeds, the Grove continues to attract local, national, and international buyers.
Need Help Buying or Selling in Coconut Grove?
If you are considering buying or selling a home, condo, or townhouse in Coconut Grove, a neighborhood-specific strategy matters. Hyperlocal pricing, current inventory trends, and buyer behavior can vary significantly by property type and price point.
For tailored guidance on Coconut Grove real estate, reach out for a private consultation and a custom market analysis.
Frequently Asked Questions About the Coconut Grove Real Estate Market
Is Coconut Grove a buyer’s or seller’s market in Q2 2025?
It depends on the property type. Single-family homes remain relatively strong, while resale condos have moved more toward a buyer’s market due to rising inventory. Townhouses are more balanced but offer buyers more choices than in prior years.
How is the Coconut Grove condo market performing?
The resale condo market is facing more supply, especially from newer buildings entering resale inventory. That has increased competition and placed pressure on pricing in several segments.
Are home prices still rising in Coconut Grove?
Single-family home values remain strong. According to the report, the median sold price for Coconut Grove homes has more than doubled over the last five years.
How much negotiation room is there in Coconut Grove real estate?
In Q2 2025, the average discount from asking to selling price was 8% for single-family homes, 5% for resale condos, and 5% for townhouses.
Are cash buyers still active in Coconut Grove?
Yes. Cash sales remain a major part of the market, accounting for 70% of single-family home sales, 77% of condo sales, and 40% of townhouse sales in Q2 2025.