Here is where the Staten Island market actually stands this month, in plain numbers. This is the free monthly report I send my newsletter list. No spin, just what the data says for buyers and sellers right now.
Homes are selling at about 0.9 percent under asking, so sellers are getting very close to their number. The median sale price is around 700,000 dollars. There were 259 closed sales and 261 homes went into contract, which tells you demand is steady and is roughly replacing what is selling.
Active listings sit at 825, down about 18 percent from a year ago. Fewer homes for sale is the story of this market. When inventory drops like this, well-priced listings still see real competition even as buyers stay cautious about interest rates.
Homes are averaging about 71 days on market from list to contract. That is a healthy, not frantic, pace. Sharp pricing and good photos still move a home in a fraction of that time; overpriced homes are where the days pile up.
Prices are up roughly 4 to 6 percent year over year. With inventory down 18 percent and demand steady, that appreciation makes sense, there are simply more buyers than homes. For sellers, that is equity; for buyers, it is a reason not to wait for a pullback the supply picture does not support.
If you are selling, the low inventory is in your favor, but the 0.9 percent under-asking figure shows buyers are still disciplined, so price it right from day one. If you are buying, expect competition on the good ones and be ready to move with financing in hand. I break all of this down every month.
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