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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Venice is a buyer'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

# BEDSOct 2023Oct 2024CHANGE
1 $255K$192.5K
-24.5%
2 $384.8K$362.4K
-5.8%
3 $553.4K$529.8K
-4.2%
4 $673K$704K
+4.6%
5+ $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
-3.1%
Nokomis
-7.4%

Housing Supply in Venice, FL

How many homes are available in Venice, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,3441,393+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

# BEDSSep 2024Oct 2024CHANGE
1 1615
-6.3%
2 570598
+4.9%
3 607613
+1.0%
4 130147
+13.1%
5+ 2120
-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 2024Oct 2024CHANGE
179170-5.0%

Asking Price vs. Sold Price

135 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
50 Days90 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Venice, FL

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