Staten Island, NY housing market

Staten Island sellers are in a quietly strong position this June, with typical home values up about 4.5 percent over the past year, bringing the typical home to roughly seven hundred twenty-seven thousand dollars. What makes this market stand out is how disciplined it looks. Only about 12 percent of listings have taken a price cut, which tells you most sellers are pricing close to the mark and buyers are meeting them there. Homes are taking about 45 days to sell, a normal, unhurried pace rather than a frenzy, and the median list price sits around seven hundred thirty-three thousand dollars, right in line with what homes are actually worth here. Supply stays tight with about 876 homes for sale across the borough, and roughly 366 new listings came on this month, not nearly enough to tip the balance toward buyers. For a homeowner thinking about selling, the takeaway is simple. Price it realistically and the market will reward you. Overreach, and you risk joining that small group chasing the market down with cuts.