Is Venice, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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, FL
How much do homes in Venice, FL cost?
Median Sold Price
$463,548
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Venice have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Venice was $463,548 in June 2024, down 1.1% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $244K | $210K | -13.9% |
| 2 Bedrooms | $386.5K | $369.8K | -4.3% |
| 3 Bedrooms | $554.5K | $549.9K | -0.8% |
| 4 Bedrooms | $687.5K | $699.5K | +1.7% |
| 5+ Bedrooms | $850K | $820K | -3.5% |
Summary: Venice housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Venice | $468.8K | $463.5K | -1.1% |
| Nokomis | $584K | $550K | -5.8% |
Housing Supply in Venice, FL
How many homes are available in Venice, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,835 | 1,663 | -9.4% |
Summary: The Venice real estate market had 1,663 homes for sale in June 2024, a 9.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 35 | +9.4% |
| 2 Bedrooms | 804 | 724 | -10.0% |
| 3 Bedrooms | 789 | 716 | -9.3% |
| 4 Bedrooms | 179 | 154 | -14.0% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The Venice housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.4%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 351 | 235 | -33.0% |
Asking Price vs. Sold Price
193 Homes Were Sold
Under Asking
31 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. 82.1% of homes here sold below asking price last month.
Summary: A total of 235 homes were sold or pending in Venice in June 2024, down by 33.0% month-over-month. Of the 235 sold homes, 82% were sold under asking, 13% were sold at asking, and 5% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 45 Days | 80 Days | +77.0% |
Summary: Homes in Venice had an average of 80 days on market in Jun 2024, up by 77% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
67 Homes Were Sold
In 30 - 90 Days
84 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 June 2024, 235 homes were sold in Venice; 36% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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