STATEN ISLAND, NY \u2014 If you want to buy a home on Staten Island, it will most likely cost you $739,500 or more, a new report notes. According to the latest data from the Staten Island Board of Realtors, that is the median sales price for a home in the borough \u2014 a 4.5% increase from last year\u2019s value.<\/p>\n
\u201cStaten Island continues to operate in a supply-constrained environment, and that reality is keeping upward pressure on home prices,\u201d said Sandy Krueger, CEO of SIBOR. \u201cWhile activity levels have moderated, demand for the Island\u2019s housing stock remains strong, particularly among buyers seeking space and relative value within New York City. As inventory tightens in the borough, working with a knowledgeable Staten Island Realtor is more important than ever for both buyers and sellers navigating today\u2019s market.\u201d<\/p>\n
According to SIBOR\u2019s stats, inventory levels fell 27.7% to just 813 available units, and when measured against January 2025, new listings on the Island decreased 20% to 367. Pending sales were down 28.3% to 226, and the days on market until sale stat hovered at approximately 75 days.<\/p>\n
Here\u2019s how those numbers compare with national trends: <\/p>\n
\u201cLower mortgage rates and slower home price growth helped spur buyer activity, and sales increased month over month in every region,\u201d SIBOR noted in its report, quoting data from the National Association of Realtors. \u201cOn an annual basis, sales rose in the South, held steady in the West and Midwest, and declined in the Northeast.\u201d<\/p>\n
Nationally, there were 1.18 million homes for sale heading into January, which is 3.5% higher compared to the same period last year. Meanwhile, the median existing-home price rose 0.4% to $405,400, reflecting a continued moderation in national price growth.<\/p>\n","protected":false},"excerpt":{"rendered":"STATEN ISLAND, NY \u2014 If you want to buy a home on Staten Island, it will most likely…\n","protected":false},"author":2,"featured_media":141666,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[9,24,63,134,136,135],"class_list":["post-141665","post","type-post","status-publish","format-standard","has-post-thumbnail","category-staten-island","tag-new-york","tag-new-york-city","tag-nyc","tag-staten-island","tag-staten-island-headlines","tag-staten-island-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/141665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=141665"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/141665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/141666"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=141665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=141665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=141665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}