Staten Island, NY home prices and housing market

Staten Island home values climbed about five percent over the past year, and sellers barely had to cut prices to get there. If you have been wondering whether buyers here are still paying close to asking, the numbers give a clear answer. The typical home is now worth about seven hundred twenty-four thousand dollars, and the median asking price sits right around seven hundred twenty-three thousand dollars, so sellers are pricing almost exactly where values actually are. Only about nine percent of listings have taken a price cut, which tells you most sellers are hitting the mark the first time. Now the part that keeps this market honest: homes are taking about fifty four days to sell. That is not a frenzy, and with only about 937 homes for sale and roughly 320 new listings coming on, buyers have limited choices but they are not rushing. So the story is simple. This is a steady market that rewards a well priced home and quietly punishes an overpriced one with weeks of sitting. If you price at what the market says your home is worth, you can still sell near full ask. To find out what that number is for your home, get a free estimate at Home Value Pros dot com.