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. Click here to stay informed with the Venice market!

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.

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. Click here to stay informed with the Venice market!

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

Never miss important changes in the Venice market.
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