Is Venice, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Venice was a Seller's Market.
Key Takeaway
Venice is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Venice, CA
How much do homes in Venice, CA cost?
Median Sold Price
$2,007,500
$1,076/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Venice have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Venice was $2,007,500 in November 2023, up 3.1% from last year, and the median price per square foot was $1,076.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $907.5K | $1.1M | +23.4% |
| 2 Bedrooms | $1.5M | $1.6M | +6.3% |
| 3 Bedrooms | $2.1M | $2.0M | -8.7% |
| 4 Bedrooms | $3.0M | $3.0M | -0.5% |
| 5+ Bedrooms | $3.0M | $3.5M | +18.0% |
Summary: Venice housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Neighborhoods
| Milwood Trapezoid | $2.5M | $2.8M | +14.2% |
| Venice | $1.9M | $2.0M | +3.1% |
| Silver Triangle | $2.0M | $1.8M | -9.5% |
Housing Supply in Venice, CA
How many homes are available in Venice, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 213 | 232 | +8.9% |
Summary: The Venice real estate market had 232 homes for sale in November 2023, a 8.9% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 15 | +25.0% |
| 2 Bedrooms | 46 | 54 | +17.4% |
| 3 Bedrooms | 52 | 55 | +5.8% |
| 4 Bedrooms | 60 | 68 | +13.3% |
| 5+ Bedrooms | 43 | 40 | -7.0% |
Summary: The Venice housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 7%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 34 | 25 | -26.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Venice, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Venice in November 2023, down by 26.5% month-over-month. Of the 25 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Venice, CA
How long does it take to sell a home in Venice, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 34 Days | 59 Days | +69.5% |
Summary: Homes in Venice had an average of 59 days on market in Nov 2023, up by 69.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Venice has remained consistent over time.
Summary: During November 2023, 25 homes were sold in Venice; 32% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Disclaimer: Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Copyright© 2023 Houston Realtors Information Service, Inc. All rights reserved.