Is Staten Island, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Staten Island is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Staten Island was a Seller's Market.

Key Takeaway

Staten Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Staten Island, NY

How much do homes in Staten Island, NY cost?

Median Sold Price

$671,307

$409/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$26,307(+4.1%)

Key Takeaway

Homes in Staten Island have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Staten Island was $671,307 in September 2024, up 4.1% from last year, and the median price per square foot was $409.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $292.5K$340K
+16.2%
2 $450K$480K
+6.7%
3 $632.6K$665K
+5.1%
4 $765K$843.2K
+10.2%
5+ $890K$920K
+3.4%

Summary: Staten Island housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Cities

Staten Island
+4.1%
New York
+0.7%

Housing Supply in Staten Island, NY

How many homes are available in Staten Island, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
519516-0.6%

Summary: The Staten Island real estate market had 516 homes for sale in September 2024, a 0.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 2727
0.0%
2 6862
-8.8%
3 218211
-3.2%
4 121125
+3.3%
5+ 8591
+7.1%

Summary: The Staten Island housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7784+9.1%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Staten Island, you may be able to get a good deal. 63.1% of homes here sold below asking price last month.

Summary: A total of 84 homes were sold or pending in Staten Island in September 2024, up by 9.1% month-over-month. Of the 84 sold homes, 63% were sold under asking, 17% were sold at asking, and 20% were sold over asking.

Days on Market for Staten Island, NY

How long does it take to sell a home in Staten Island, NY?

Average Sale Time

Sep 2023Sep 2024CHANGE
70 Days70 Days-0.5%

Summary: Homes in Staten Island had an average of 70 days on market in Sep 2024, down by 0.5% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Staten Island has remained consistent over time.

Summary: During September 2024, 84 homes were sold in Staten Island; 33% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Staten Island, NY

Nearby Markets to Staten Island, NY

What housing markets are near Staten Island, NY?