Is Midtown Ventura, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midtown Ventura is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Midtown Ventura has remained a Seller's Market.

Key Takeaway

Midtown Ventura is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Midtown Ventura, CA

How much do homes in Midtown Ventura, CA cost?

Median Sold Price

$1,100,000

$737/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$95,000(+9.5%)

Key Takeaway

Homes in Midtown Ventura have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Midtown Ventura was $1,100,000 in May 2024, up 9.5% from last year, and the median price per square foot was $737.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$876K
N/A
2 $927.5K$905K
-2.4%
3 $1.0M$1.1M
+10.0%
4 $1.1M$1.3M
+9.0%
5+ $1.4M$2.4M
+71.5%

Summary: Midtown Ventura housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 71.5%.

Median Sold Price Compared To Nearby Neighborhoods

Downtown
+16.1%
College
+11.5%
Midtown Ventura
+9.5%

Housing Supply in Midtown Ventura, CA

How many homes are available in Midtown Ventura, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3239+21.9%

Summary: The Midtown Ventura real estate market had 39 homes for sale in May 2024, a 21.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 37
+133.3%
3 2225
+13.6%
4 45
+25.0%
5+ 21
-50.0%

Summary: The Midtown Ventura housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midtown Ventura, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Midtown Ventura in May 2024, up by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for Midtown Ventura, CA

How long does it take to sell a home in Midtown Ventura, CA?

Average Sale Time

May 2023May 2024CHANGE
21 Days57 Days+163.1%

Summary: Homes in Midtown Ventura had an average of 57 days on market in May 2024, up by 163.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Midtown Ventura are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Midtown Ventura; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Midtown Ventura, CA

Nearby Markets to Midtown Ventura, CA