Is Venice Island, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Venice Island is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Venice Island was a Seller's Market.

Key Takeaway

Venice Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Venice Island, FL

How much do homes in Venice Island, FL cost?

Median Sold Price

$610,500

$457/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,500(+7.1%)

Key Takeaway

Homes in Venice Island have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Venice Island was $610,500 in March 2024, up 7.1% from last year, and the median price per square foot was $457.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $314K$365K
+16.2%
2 $462.5K$499.9K
+8.1%
3 $899.8K$960K
+6.7%
4 $1.2M$835K
-33.1%
5+ $2.9M$1.1M
-59.8%

Summary: Venice Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 33.1%, and 5+ bedroom homes decreased by 59.8%.

Median Sold Price Compared To Nearby Neighborhoods

Venice Island
+7.1%
Amora
+3.3%

Housing Supply in Venice Island, FL

How many homes are available in Venice Island, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
222233+5.0%

Summary: The Venice Island real estate market had 233 homes for sale in March 2024, a 5.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 2229
+31.8%
2 148151
+2.0%
3 4544
-2.2%
4 36
+100.0%
5+ 43
-25.0%

Summary: The Venice Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.8%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1931+63.2%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Venice Island, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Venice Island in March 2024, up by 63.2% month-over-month. Of the 31 sold homes, 74% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Venice Island, FL

How long does it take to sell a home in Venice Island, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
31 Days53 Days+70.3%

Summary: Homes in Venice Island had an average of 53 days on market in Mar 2024, up by 70.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 31 homes were sold in Venice Island; 48% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 23% 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 27 Days Ago

Newest Listings in Venice Island, FL

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