Coconut Grove is one of the most sought after neighborhoods in all of Miami. And in the 1st Quarter of 2026, the data for Coconut Grove homes is telling a story of a market that is holding up well and in many ways seems to be getting stronger.
Even though Coconut Grove is known for it’s scenic bayfront location waterfront single family homes are not that abundant in Coconut Grove and it’s non-waterfront homes that are by far the more active segment. The waterfront inventory here is thin — we're talking 5 to 7 active waterfront listings across the entire quarter. But I'll show you both segments separately because the details matter, and knowing the difference is how you make smart decisions.
January 2026.
Active Listings = 57. 52 = non-waterfront and 5 = waterfront.
Closed Sales = 16 all non-waterfront.
Median Price/Sqft = $1,055
Median Price Sold = $2,812,500
Days on Market = 63 Days
Months of Supply = 3 Months. A 3-month supply means sellers have real leverage — there simply isn't enough inventory to satisfy demand.
February.
Active = 74. 69 = non-waterfront, 5 = waterfront.
Closed sales = 15. 14 = Non-Waterfront and 1 = Waterfront.
Non-Waterfront:
Median Price/Sqft = $1,166
Median Price Sold = $3,172,000
Days on Market = 75.
Months of Supply = 5.
Waterfront:
Median Price/Sqft = $1,963
Median Price Sold = $15,000,000
Days on Market = 27.
Months of Supply = 5.
March.
Active Listings = 90. 83 = non-waterfront and 7 = waterfront.
Closed Sales = 16 all non-waterfront.
Median Price/Sqft = $1,109
Median Price Sold = $3,050,000
Days on Market = 61 Days
Months of Supply = 8 Months.
Now let's compare Q1 2026 to Q1 2025 — and this is where the Coconut Grove story gets really compelling. Because unlike some other Miami markets where 2026 has shown softness compared to 2025, Coconut Grove is improving.
Active listings: 89 in Q1 2025 vs 90 in Q1 2026.
Total closed sales: 43 in Q1 2025 versus 47 in Q1 2026. Four more transactions. And for the first time, a waterfront home closed in Q1 — something that didn't happen at all in Q1 2025.
In Q1 2025, non-waterfront homes in Coconut Grove sold at a median of $915/Sqft. In Q1 2026 — $1,109/Sqft. That is a 21% increase in price per square foot in one year. In a market where many other neighborhoods are seeing prices flat or declining.
The median sold price for non-waterfront tells the same story. In Q1 2025: $1,925,000. In Q1 2026: $3,050,000. That's a 58% increase in median sold price year over year, and with the price/sqft also increasing this confirms that values are genuinely moving up.
Days on market did increase year over year — from 26 days in Q1 2025 to 63 days in Q1 2026. So homes are taking longer to sell than last year. But with a high median price sold of $3-Million we're still in healthy territory.
Now we look at the price range activity and market snapshot for Q1 2026.
Active: 90.
Closed Sales = 47.
Days on Market for non-waterfront = 63 Days.
The one waterfront closing came in at 27 days.
For non-waterfront, the $1-$3 Million was the most active — 23 closings out of 46 total. The $3 to $5 Million = 10 closings.
The $5 to $10 Million = 10 closings
So you're seeing strong activity across the board from $1 million all the way up to $10 million — this is a broad, healthy market, not one dependent on a single price point.
The $10 to $20 Million had 3 while, nothing closed above $20 million.
The highest priced closed sale was a beautifully restored 1920s home, over 6,000 sqft on a large 28,000 sqft lot, sold for $16.5 million at $2,632/sqft.
If you're a buyer looking at Coconut Grove single family homes — you are competing in a market where prices rose 21% per sqft foot year over year. Waiting has cost buyers in this neighborhood. The non-waterfront segment under $5 million is active, inventory is limited at 3 to 5 months of supply, and well-priced homes are moving in under two months. If you find the right property, you are going to have to act fast.
If you're a seller in Coconut Grove — you are in an excellent position. Q1 2026 showed that buyers are here, prices are up from a year ago, and the overall volume of transactions is healthy. If you've been thinking about selling, the data supports moving now. The key is pricing at the market — not above it — and presenting your home correctly to attract the right buyer quickly.
And if you own a waterfront home in the Grove and have been wondering whether there's a buyer out there — February's $15 million sale tells you yes, there is. With only 7 active waterfront listings, the competition is minimal. But patience and correct pricing are essential.
That is your complete Coconut Grove homes market report for the 1st Quarter of 2026, and the headline is clear: Coconut Grove is a stronger market in 2026 than it was in 2025. More closings, at higher prices. This neighborhood continues to reward buyers who act and sellers who are positioned correctly.