October in the Grove | Solid Sales, but One Price Point in Short Supply
Coconut Grove stayed active in October, with homes averaging around $4.0M, about $1,020 per square foot, and selling in roughly 82 days. Buyers remain engaged, especially for well-kept single-family homes and move-in-ready townhomes. October brought a steady rhythm to the Grove’s real estate scene. The average home sold for about $4.0M, at roughly $1,020 per square foot, and spent around 82 days on the market. A few top-end properties in Little Ave and Saint Gaudens Rd traded above $9M, while South and North Grove homes between about $3.9M and $6M continued to find committed buyers. Updated townhomes in Center Grove also drew solid attention from those wanting low-maintenance living close to parks and restaurants.
One noticeable gap this month was the lack of homes around the $2M mark properties that often appeal to young families looking for three bedrooms and a private lot, even if they aren’t new construction. That price point continues to be in high demand but short supply, offering opportunity for sellers who own in that range.
Overall, it’s a stable market, buyers are still out there, and well-presented homes are moving at fair prices. As we head into the holidays, it’s a good moment to plan ahead if you’re thinking about listing early next year.
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If you are buying or selling in Coconut Grove and want a strategy tailored to today’s numbers, we can walk you through recent closings, off market opportunities, and smart prep for a January launch. Contact Ally and AJ at https://allyandaj.com/contact Explore current Coconut Grove homes for sale on our listings page at https://allyandaj.com/listings.
