Market Report
Venice, CA 90291
Single-Family Homes
Chartwell Escrow | 310.740.1708
Venice, CA 90291
Fri Apr 23 2021
This week the median list price for Venice, CA 90291 is $2,999,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has held steady at or around 121.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $2,999,000 | |
| Per Square Foot | $1,261 | |
| Days on Market | 70 | |
| Price Decreased | 35% | |
| Price Increased | 2% | |
| Relisted | 20% | |
| Inventory | 121 | |
| Median Rent | $8,425 | |
| Most Expensive | $12,500,000 | |
| Least Expensive | $1,250,000 | |
| Market Action | 33 | |
| Slight Seller's Advantage | ||
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $6,347,500 | 4,277 | 4,500 - 6,500 sqft | 4 | 5 | 7 | 0 | 1 | 133 |
| $3,499,500 | 3,064 | 0 - 4,500 sqft | 3 | 4 | 29 | 1 | 0 | 105 |
| $2,574,500 | 2,432 | 0 - 4,500 sqft | 3 | 3 | 34 | 6 | 2 | 52 |
| $1,775,000 | 1,196 | 0 - 4,500 sqft | 2 | 2 | 80 | 4 | 4 | 35 |