Staten Island Real Estate Market Trends

Beautiful home
Status: Just Sold

1292 Rockland Ave, Staten Island, NY

Price: $319000

1 Bedrooms

1 Bathrooms [ 1 Full ]

Beautiful home
Status: Active

9 Waterside Parkway, Staten Island, NY

Price: $500,000

3 Bedrooms

2 Bathrooms [ 1 Full, 1 Half ]


Beautiful home
Status: Active

27 Sands Street, Staten Island, NY

Price: $1050000

0 Bedrooms

Staten Island Real Estate Market Trends - November 2022

Housing affordability continues to be a major roadblock for market participants, with mortgage rates more than double compared to this time last year. There are two themes playing out at the moment:

1. Buyers are delaying home purchases in hopes that rates will drop.

2. Many sellers are holding off on listing their homes due to weakening buyer demand.  

Homeowners are unwilling to trade in their current lower rates for significantly higher borrowing costs on their next property

As a result, existing-home and pending home sales have continued to slow as we move into winter.

The Latest Numbers for November 2022 [as compared to November 2021]

New Listings on Staten Island decreased 23% to 336 homes available for sale. There were 435 new listings this time last year.

Pending Sales plunged 37% to just 263 homes under contract.

Closed Sales took a nosedive. They were down 40% to 280 homes sold.

Inventory levels are still decreasing, coming in down by 10% to just 1,416 houses available for sale.

The Median Sales Price was up 7% to $670,000 as prices slowed their ascent

Days on Market was down 6% to 63 days near it's average for the year.

Sellers are still concerned as the Months Supply of Inventory was Up 12% to 3.9 months supply.

This has caused some hesitation for sellers as they contemplate their next move. 

With home sales down, nationwide housing inventory was at 3.3 months’ supply heading into November, up from 2.4 months from this time last year, according to the National Association of REALTORS®. 

Although buyers have more options to choose from, home prices remain high, and soaring borrowing costs have caused monthly payments to increase significantly, with the average homebuyer paying 77% more on their loan per month compared to the same period a year ago, according to

Data provided by SIBOR.


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2022-06-23 - featherknight

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2020-12-16 - baloso1

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2020-11-19 - kadelyn1028

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2020-08-04 - danielle woodman

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2019-10-12 - Cindyng12000

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