Staten Island market report: what the numbers say this month. Inventory is under 900 active listings and down about 21 percent from a year ago, prices are essentially flat, and days on market are up about 25 percent.
Staten Island market snapshot
- Inventory: under 900 active listings, down about 21% from over 1,100 a year ago
- Average price: around $757,000, up less than 1% year over year
- Median price: around $712,000, essentially flat year over year
- Days on market: 80 days, up from 64 a year ago (roughly 25% longer)
- Average discount off asking: about 1.7%, unchanged from last year
How much inventory is on the Staten Island market right now?
There are under 900 active listings, down about 21 percent from a year ago when the count was over 1,100. That is a meaningfully tighter market on the supply side. Less inventory usually implies more competition among buyers, but that is not what the rest of the numbers show this month, which is what makes the current market unusual.
What are average and median home prices in Staten Island?
The average price is around $757,000, up less than 1 percent year over year. The median price is around $712,000, also essentially flat year over year. In other words, prices are holding rather than climbing. Sellers are not losing ground, but they are not gaining much either.
How long are Staten Island homes taking to sell?
Days on market is running about 80 days, up from 64 days a year ago. That is roughly 25 percent longer, and it is happening even with significantly less competition from other listings. When inventory is tight and homes still sit longer, the slowdown is usually about pricing, not demand.
How far below asking are Staten Island homes selling?
The average discount off the asking price is about 1.7 percent, unchanged from last year. That is a small gap. It tells you sellers are holding firm on price rather than cutting deeply, and buyers who do transact are paying close to ask. The negotiation is happening on the front end, through the initial list price, more than at the closing table.
What does this mean if you are buying or selling in Staten Island?
This is not a hot market and it is not a falling market. It is a patient one. Inventory is tight, sellers are holding firm on price, and buyers are taking their time. Priced right, a home moves. Priced on hope, it sits. That 80 day average is less a market problem than a pricing problem. If you are deciding what to list at, the comps and days-on-market data for your specific pocket of the borough matter far more than the borough-wide average.
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Figures are approximate and reflect the monthly report discussed in the video. Market data changes; this is for general information only and is not financial advice.
