Market Report

Venice, CA

Single-Family Homes

Chartwell Escrow



Venice, CA

Wed Apr 24 2024
This week the median list price for Venice, CA is $3,299,500 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 82. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Wed Apr 24 2024
This week the median list price for Venice, CA is $3,299,500 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 82. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $3,299,500
Median Price of New Listings $2,447,499
Per Square Foot $1,331
Average Days on Market 134
Median Days on Market 67
Price Decreased 34%
Price Increased 1%
Relisted 17%
Inventory 82
Median Rent
Market Action 32
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$5,922,500 4,191 0 - 4,500 sqft 4 5 14 1 1 77
$3,624,500 3,254 0 - 4,500 sqft 4 4 28 2 1 136
$2,425,000 1,850 0 - 4,500 sqft 3 2 77 5 2 35
$1,599,000 997 0 - 4,500 sqft 2 1 73 2 2 49