$7,469 Closing Credit*
$629,000
1,893 SqFt
3 Beds
•3 Full Baths
Dawn Bear, Listing Office: WILLIAM RAVEIS REAL ESTATE
Is Venice, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$450,149
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,605(-4.8%)
Key Takeaway
Homes in Venice have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Venice was $450,149 in November 2024, down 4.8% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $195K | -22.0% |
| 2 Bedrooms | $386.6K | $360K | -6.9% |
| 3 Bedrooms | $552.4K | $527.9K | -4.4% |
| 4 Bedrooms | $670K | $707.6K | +5.6% |
| 5+ Bedrooms | $850K | $835K | -1.8% |
Summary: Venice housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Venice | $472.7K | $450.1K | -4.8% |
| Nokomis | $579.8K | $539.8K | -6.9% |
Housing Supply in Venice, FL
How many homes are available in Venice, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,400 | 1,534 | +9.6% |
Summary: The Venice real estate market had 1,534 homes for sale in November 2024, a 9.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 22 | +46.7% |
| 2 Bedrooms | 595 | 654 | +9.9% |
| 3 Bedrooms | 623 | 685 | +10.0% |
| 4 Bedrooms | 148 | 149 | +0.7% |
| 5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Venice housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.7%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 187 | 150 | -19.8% |
Asking Price vs. Sold Price
108 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Venice, you may be able to get a good deal. 72% of homes here sold below asking price last month.
Summary: A total of 150 homes were sold or pending in Venice in November 2024, down by 19.8% month-over-month. Of the 150 sold homes, 72% were sold under asking, 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 63 Days | +25.4% |
Summary: Homes in Venice had an average of 63 days on market in Nov 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
43 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 November 2024, 150 homes were sold in Venice; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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