Spring is always a busy season in real estate, and this year is no exception. If you’re thinking of buying or selling a home on Staten Island, understanding the current housing inventory is key to making smart decisions.
What Is Housing Inventory, and Why Does It Matter?
Housing inventory refers to the number of homes currently for sale. When inventory is low, buyers face more competition and homes sell faster, often for higher prices. When inventory is high, buyers have more choices, and sellers may need to price more competitively. Staten Island is currently seeing modest inventory growth—but we’re still below pre-pandemic levels, which keeps the market active and competitive.
Current Housing Inventory Trends in New York
New York home prices have also been climbing, with a median price of $436,125 in February 2025, up from $378,000 the previous year, reports the New York State Association of REALTORS.
Staten Island Housing Market Overview – March 2025
This Market Status: Seller’s Market
As of March 2025, Staten Island has shifted into a seller’s market, indicating that demand for homes exceeds the available supply. This transition from a neutral market in March 2024 suggests increased competition among buyers, often leading to quicker sales and potentially higher prices. Lets look at Rocket homes and breaking down the stats for Staten Island.
Median Sold Price: $695,000
The median sold price for homes in Staten Island reached $695,000, marking a 6.7% increase compared to the previous year. The median price per square foot stands at $427, reflecting the upward trend in property values.
Inventory and Sales Activity
- Homes for Sale: There were 411 active listings in March 2025, an 11.4% increase from February 2025.
- Homes Sold: A total of 74 homes were sold or pending in March, up 54.2% from the previous month.
Sale Price Trends
Despite the seller’s market conditions, 73% of homes sold below their asking price, while 14% sold at asking and 14% above asking. This suggests that while demand is high, buyers are still negotiating prices.
Days on Market
Homes in Staten Island are taking longer to sell:
- Under 30 Days: 20% of homes
- 30–90 Days: 38% of homes
- Over 90 Days: 42% of homes
The average time on the market is 86 days, a 2.7% increase from the previous year.
Price Trends by Bedroom Count
- 1-Bedroom: $324,000 (↓1.8%)
- 2-Bedroom: $510,000 (↑8.5%)
- 3-Bedroom: $681,500 (↑6.7%)
- 4-Bedroom: $845,000 (↑7.0%)
- 5+ Bedrooms: $915,000 (↓2.3%)
Neighborhood Highlights
Let’s take a quick look at some standout Staten Island neighborhoods:
- Tottenville: Inventory here remains lower than average, making it a seller’s market. Buyers are drawn to the quiet, suburban feel and proximity to the water.
- Great Kills: A favorite among families, Great Kills is seeing steady interest, with homes not staying on the market long.
- Westerleigh: With its charming historic homes and tree-lined streets, Westerleigh continues to attract buyers looking for character and community.
- St. George: Thanks to the Staten Island Ferry and ongoing development, inventory and buyer interest are growing. It’s a dynamic market for both sides.
Tips for Buyers in This Market
- Get Pre-Approved: With inventory still tight in some neighborhoods, having a mortgage pre-approval gives you a competitive edge.
- Be Ready to Act: Well-priced homes can still go quickly, especially those in move-in condition. Know what you want and be prepared to move fast.
- Work with a Local Expert: Staten Island real estate is unique. Our agents at Robert DeFalco Realty know the ins and outs of each neighborhood and can help you find the right fit.
Tips for Sellers in This Market
- Price it Right: Inventory may rise, but overpricing can still turn buyers away. Use recent sales in your area to guide your pricing strategy.
- Make it Shine: Homes that show well get more attention. A little staging, cleaning, and curb appeal can go a long way.
- Market Strategically: Our team uses the latest tools and platforms to get your home in front of serious buyers quickly and efficiently.
Looking Ahead
As we move through spring and summer, we expect inventory to continue its slow climb. That means more opportunities for buyers, and sellers, it’s a great time to list while demand remains strong. Whether you’re looking to upsize, downsize, or find your first home, now is a great time to make a move.
Connect With Us
At Robert DeFalco Realty, we live and work in Staten Island, and we’re passionate about helping our neighbors achieve their real estate goals. Whether you’re buying or selling, our team guides you every step of the way.
Ready to explore your options? Give us a call, visit one of our local offices, or browse listings on our website. Let’s make your real estate journey a success this spring.