Market Report

Venice, CA

Single-Family Homes

Chartwell Escrow



Venice, CA

Sun May 26 2024
This week the median list price for Venice, CA is $2,772,500 with the market action index hovering around 34. This is an increase over last month's market action index of 31. Inventory has increased to 92. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Venice, CA

Sun May 26 2024
This week the median list price for Venice, CA is $2,772,500 with the market action index hovering around 34. This is an increase over last month's market action index of 31. Inventory has increased to 92. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Venice market.
Median List Price $2,772,500
Median Price of New Listings $2,145,000
Per Square Foot $1,371
Average Days on Market 118
Median Days on Market 39
Price Decreased 36%
Price Increased 0%
Relisted 11%
Inventory 92
Median Rent
Market Action 34
Slight Seller's Advantage

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift 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
$5,149,000 3,898 4,500 - 6,500 sqft 4 5 19 0 1 98
$3,300,888 2,709 4,500 - 6,500 sqft 4 3 59 0 3 42
$2,295,000 1,552 0 - 4,500 sqft 3 2 86 7 2 14
$1,625,000 1,029 0 - 4,500 sqft 2 1 83 3 2 35