First American Title

Venice, CA

Single-Family Homes



Venice, CA

Sun Dec 22 2024
This week the median list price for Venice, CA is $2,890,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has decreased to 84. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Venice, CA

Sun Dec 22 2024
This week the median list price for Venice, CA is $2,890,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has decreased to 84. 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

Market Narrative

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Venice market.
Median List Price $2,890,000
Median Price of New Listings $2,595,000
Per Square Foot $1,325
Average Days on Market 172
Median Days on Market 102
Price Decreased 40%
Price Increased 1%
Relisted 19%
Inventory 84
Median Rent
Market Action 31
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$4,995,000 3,600 4,500 - 6,500 sqft 4 4 15 1 0 63
$3,485,000 2,890 4,500 - 6,500 sqft 4 3 34 1 0 112
$2,495,000 1,955 0 - 4,500 sqft 3 3 97 3 1 98
$1,650,000 1,088 0 - 4,500 sqft 2 1.5 98 0 2 112