Is Staten Island, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Staten Island has remained a Buyer's Market.
Key Takeaway
Staten Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Staten Island, NY
How much do homes in Staten Island, NY cost?
Median Sold Price
$662,500
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Staten Island have sold for 2% more than they did a year ago.
Summary: The median home sold price in Staten Island was $662,500 in May 2024, up 2% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $338.7K | +12.0% |
| 2 Bedrooms | $450K | $470K | +4.4% |
| 3 Bedrooms | $637.6K | $650K | +1.9% |
| 4 Bedrooms | $787.5K | $820K | +4.1% |
| 5+ Bedrooms | $874K | $950K | +8.7% |
Summary: Staten Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Elizabeth | $400K | $430.1K | +7.5% |
| Elizabethport | $385K | $397.5K | +3.2% |
| Staten Island | $649.6K | $662.5K | +2.0% |
| New York | $849.6K | $849.6K | 0.0% |
Housing Supply in Staten Island, NY
How many homes are available in Staten Island, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 460 | 500 | +8.7% |
Summary: The Staten Island real estate market had 500 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 25 | +13.6% |
| 2 Bedrooms | 75 | 68 | -9.3% |
| 3 Bedrooms | 197 | 220 | +11.7% |
| 4 Bedrooms | 88 | 100 | +13.6% |
| 5+ Bedrooms | 78 | 87 | +11.5% |
Summary: The Staten Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.6%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 62 | +17.0% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Staten Island, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Staten Island in May 2024, up by 17.0% month-over-month. Of the 62 sold homes, 65% were sold under asking, 23% were sold at asking, and 13% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 90 Days | 94 Days | +3.9% |
Summary: Homes in Staten Island had an average of 94 days on market in May 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Staten Island has remained consistent over time.
Summary: During May 2024, 62 homes were sold in Staten Island; 18% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
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