Is Venice, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Venice was a Seller's Market.
Key Takeaway
Venice is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Venice, FL
How much do homes in Venice, FL cost?
Median Sold Price
$469,748
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Venice has remained the same since last year.
Summary: The median home sold price in Venice was $469,748 in March 2024, up 0.2% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $220K | -12.0% |
| 2 Bedrooms | $385.7K | $379.9K | -1.5% |
| 3 Bedrooms | $568.8K | $551K | -3.1% |
| 4 Bedrooms | $720K | $680K | -5.6% |
| 5+ Bedrooms | $880K | $885K | +0.6% |
Summary: Venice housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Venice | $468.9K | $469.7K | 0.2% |
| Nokomis | $599.9K | $569K | -5.2% |
Housing Supply in Venice, FL
How many homes are available in Venice, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,886 | 1,959 | +3.9% |
Summary: The Venice real estate market had 1,959 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 40 | +11.1% |
| 2 Bedrooms | 877 | 918 | +4.7% |
| 3 Bedrooms | 782 | 807 | +3.2% |
| 4 Bedrooms | 168 | 172 | +2.4% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The Venice housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 222 | 291 | +31.1% |
Asking Price vs. Sold Price
227 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Venice, you may be able to get a good deal. 78% of homes here sold below asking price last month.
Summary: A total of 291 homes were sold or pending in Venice in March 2024, up by 31.1% month-over-month. Of the 291 sold homes, 78% were sold under asking, 18% were sold at asking, and 4% were sold over asking.
Days on Market for Venice, FL
How long does it take to sell a home in Venice, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 58 Days | +50.9% |
Summary: Homes in Venice had an average of 58 days on market in Mar 2024, up by 50.9% compared to last year.
Breakdown of Home Sale Times
134 Homes Were Sold
Under 30 Days
80 Homes Were Sold
In 30 - 90 Days
77 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Venice are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 291 homes were sold in Venice; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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