What Is the Current Housing Market Like in Staten Island, NY and Are Prices Going Up or Down?

The Staten Island housing market in August 2026 continues to reflect a borough that has held its value more stubbornly than many expected. Prices have not collapsed, and they have not skyrocketed either. What buyers and sellers are seeing is a market that remains competitive but has cooled slightly from the peak frenzy of prior years, creating a more measured environment for both sides of a transaction.

Median Sale Prices in August 2026

Median home prices on Staten Island are currently hovering in the mid-to-upper $600,000 range for single-family homes, with significant variation depending on the neighborhood, lot size, and condition of the property. For context, PropertyShark's residential market trends for Staten Island show that median prices have trended upward over the past two years, though the rate of appreciation has moderated compared to the sharp climbs seen in 2022 and 2023.

Condos and townhomes are generally trading in the $400,000 to $550,000 range, while two-family and multi-family properties, which are popular on Staten Island for their rental income potential, are frequently listed above $750,000 depending on location and unit configuration.

How This Compares to a Year Ago

Year-over-year, prices are up modestly. Compared to August 2025, median single-family sale prices have risen by roughly three to five percent across the borough. That is a slower pace than the six to eight percent annual gains seen earlier in the decade, but it still represents upward movement, not a decline. Sellers who purchased even three or four years ago are generally sitting on meaningful equity.

2. Inventory and Competition: What Buyers and Sellers Are Facing

One of the defining features of the current Staten Island housing market is constrained inventory. There are simply not enough homes listed to satisfy buyer demand, and that imbalance continues to put upward pressure on prices even as mortgage rates remain elevated.

How Much Supply Is on the Market

Active listings across Staten Island remain well below what would be considered a balanced market. A balanced market typically carries four to six months of housing supply. Right now, Staten Island is running closer to two to three months of supply in most price brackets, which keeps conditions tilted in favor of sellers. Homeowners who locked in low mortgage rates between 2020 and 2022 have been reluctant to list, which has kept new inventory from flowing in at a normal pace.

This dynamic is not unique to Staten Island. According to the National Association of Realtors' 2026 housing outlook, inventory constraints and rate-lock effects continue to be among the most significant structural forces shaping housing markets across the country, and Staten Island reflects that pattern closely.

Days on Market and Offer Dynamics

Well-priced homes in move-in condition are still moving quickly. Properties priced accurately for their neighborhood and condition are routinely going under contract within two to three weeks, and multiple-offer situations are still occurring on desirable listings. Overpriced homes, however, are sitting longer and sometimes requiring price reductions before finding a buyer, which is a shift from the frenzied conditions of 2021.

For buyers, this means preparation matters more than ever. Getting pre-approved before you begin touring homes, knowing your must-haves versus your wish list, and working with an agent who has real-time access to Staten Island listings gives you a meaningful edge in this environment.

3. Neighborhood Price Ranges Across the Island

Staten Island covers 58 square miles and encompasses a wide range of housing stock, from attached row homes near the St. George ferry terminal to sprawling colonials and center-hall ranches deep in the South Shore. Price ranges shift considerably depending on where you are looking.

North Shore and Mid-Island Housing Stock

The North Shore, which includes neighborhoods like St. George, Stapleton, and Mariners Harbor, tends to offer more affordable entry points. Single-family homes in these areas can be found in the $400,000 to $550,000 range, and the housing stock often includes older Victorian-era and craftsman-style homes with larger lots and architectural character. The Staten Island Ferry, which connects St. George to lower Manhattan in about 25 minutes at no cost, makes the North Shore a practical base for Manhattan commuters.

Mid-Island areas like New Springville, Bulls Head, and Westerleigh sit in a middle price range, typically $550,000 to $700,000 for single-family homes. These neighborhoods are characterized by postwar cape cods, split-levels, and ranches on modest lots, with proximity to the Staten Island Mall, Richmond Avenue retail corridors, and multiple bus routes connecting to the Staten Island Railway.

South Shore Pricing and Property Types

The South Shore commands the highest prices on the island. Neighborhoods like Annadale, Huguenot, Tottenville, and Great Kills feature newer construction colonials, center-hall layouts, and homes with private driveways, garages, and generous yard space. Prices in these areas frequently range from $650,000 to well over $900,000 for larger or recently renovated properties. The South Shore is also home to Conference House Park, one of New York City's largest parks at over 260 acres, as well as beachfront access along Raritan Bay.

Commute times from the South Shore to Manhattan are longer, typically 60 to 90 minutes door-to-door using a combination of the Staten Island Expressway or Richmond Parkway and the ferry, or the SIR train to the St. George terminal. Buyers coming from New Jersey or working in Staten Island itself often find the South Shore particularly practical.

4. What Mortgage Rates and Economic Conditions Mean for You

Understanding what the current housing market is like in Staten Island, NY also means understanding the broader financial environment, because mortgage rates directly affect what you can afford and how motivated sellers are to negotiate.

The Rate Environment in August 2026

Mortgage rates in August 2026 remain elevated compared to the historic lows of 2020 and 2021, though they have come down from the peaks seen in late 2023. Thirty-year fixed rates are currently in the mid-to-upper six percent range for well-qualified borrowers, which meaningfully affects monthly payment calculations on Staten Island's price points. On a $650,000 home with 20 percent down, that translates to a principal and interest payment in the range of $3,200 to $3,400 per month before taxes and insurance.

How Buyers Are Adapting

Buyers have adjusted their strategies in several practical ways. Some are purchasing with adjustable-rate mortgages or exploring rate buydown options negotiated with sellers. Others are widening their search to include two-family homes where rental income from a second unit helps offset the mortgage. First-time buyers are also leaning more heavily on down payment assistance programs available through New York State and New York City, which can reduce the upfront cash required to close.

For sellers, the rate environment means your buyer pool is somewhat smaller than it was in 2021, but the buyers who are actively searching in August 2026 are serious and motivated. Pricing your home accurately from the start, rather than testing the market high, is the most reliable path to a clean, timely sale.