$3,788 Closing Credit*
$319,000
1,383 SqFt
3 Beds
•2 Full Baths
Wendy Pelletier, Listing Office: EXIT KING REALTY
Is Venice, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$455,001
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,624(-3.1%)
Key Takeaway
Homes in Venice have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Venice was $455,001 in October 2024, down 3.1% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $192.5K | -24.5% |
| 2 Bedrooms | $384.8K | $362.4K | -5.8% |
| 3 Bedrooms | $553.4K | $529.8K | -4.2% |
| 4 Bedrooms | $673K | $704K | +4.6% |
| 5+ Bedrooms | $815K | $870K | +6.7% |
Summary: Venice housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.5%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Venice | $469.6K | $455K | -3.1% |
| Nokomis | $582.7K | $539.7K | -7.4% |
Housing Supply in Venice, FL
How many homes are available in Venice, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,344 | 1,393 | +3.6% |
Summary: The Venice real estate market had 1,393 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 15 | -6.3% |
| 2 Bedrooms | 570 | 598 | +4.9% |
| 3 Bedrooms | 607 | 613 | +1.0% |
| 4 Bedrooms | 130 | 147 | +13.1% |
| 5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Venice housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 179 | 170 | -5.0% |
Asking Price vs. Sold Price
135 Homes Were Sold
Under Asking
28 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. 79.4% of homes here sold below asking price last month.
Summary: A total of 170 homes were sold or pending in Venice in October 2024, down by 5.0% month-over-month. Of the 170 sold homes, 79% were sold under asking, 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 90 Days | +81.4% |
Summary: Homes in Venice had an average of 90 days on market in Oct 2024, up by 81.4% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
73 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Venice are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 170 homes were sold in Venice; 31% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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