$10,000 Closing Credit*
$960,000
2 Full Baths
#488002, Listing Office: Ashford Homes LLC
Is Staten Island, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$680,666
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,399(+6.1%)
Key Takeaway
Homes in Staten Island have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Staten Island was $680,666 in November 2024, up 6.1% from last year, and the median price per square foot was $425.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $338.8K | +14.8% |
| 2 Bedrooms | $450K | $500K | +11.1% |
| 3 Bedrooms | $630K | $670K | +6.3% |
| 4 Bedrooms | $770K | $828K | +7.5% |
| 5+ Bedrooms | $925K | $920K | -0.5% |
Summary: Staten Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in Staten Island, NY
How many homes are available in Staten Island, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 477 | 415 | -13.0% |
Summary: The Staten Island real estate market had 415 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 14 | -36.4% |
| 2 Bedrooms | 54 | 49 | -9.3% |
| 3 Bedrooms | 212 | 182 | -14.2% |
| 4 Bedrooms | 110 | 98 | -10.9% |
| 5+ Bedrooms | 79 | 72 | -8.9% |
Summary: The Staten Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 36.4%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 8.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 57 | -26.0% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 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. 61.4% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Staten Island in November 2024, down by 26.0% month-over-month. Of the 57 sold homes, 61% were sold under asking, 11% were sold at asking, and 28% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 55 Days | -24.0% |
Summary: Homes in Staten Island had an average of 55 days on market in Nov 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Staten Island has remained consistent over time.
Summary: During November 2024, 57 homes were sold in Staten Island; 32% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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