Is Staten Island, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Staten Island has remained a Buyer's Market.
Housing Prices in Staten Island, NY
How much do homes in Staten Island, NY cost?
Median Sold Price
$650,000
$394/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Staten Island was $650,000 in March 2024, down 2.3% from last month, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $365K | N/A |
2 Bedrooms | $515K | $489K | -5.0% |
3 Bedrooms | $561.5K | $650K | +15.8% |
4 Bedrooms | $765K | $742.5K | -2.9% |
5+ Bedrooms | $1.2M | $820K | -35.7% |
Summary: Staten Island housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 35.7%.
Housing Supply in Staten Island, NY
How many homes are available in Staten Island, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
389 | 410 | +5.4% |
Summary: The Staten Island real estate market had 410 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 20 | +5.3% |
2 Bedrooms | 61 | 63 | +3.3% |
3 Bedrooms | 172 | 184 | +7.0% |
4 Bedrooms | 74 | 74 | 0.0% |
5+ Bedrooms | 63 | 69 | +9.5% |
Summary: The Staten Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 53 | +10.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Staten Island in March 2024, up by 10.4% month-over-month. Of the 53 sold homes, 68% were sold under asking, 13% were sold at asking, and 19% 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 85 Days | +8.5% |
Summary: Homes in Staten Island had an average of 85 days on market in Mar 2024, up by 8.5% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 53 homes were sold in Staten Island; 23% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.