This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Staten Island Home Prices

The data below shows median sales prices for Staten Island homes, co-ops and condos as determined from New York City property records in December 2010. For the month, the median price for all homes and apartments sold in Staten Island was $134,000¹. Pricing by housing type is broken out in the table below and a history of monthly median sales prices are shown further down. For a less volatile look at pricing, see the quarterly and 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Staten Island Median Home Prices for December 2010

§ — Small sample for the period. Changes not calculated and data point not shown in charts.

Monthly Home Price History for Staten Island

The median price for all homes and apartments in staten island reached its most recent peak of $434,300 in August 2006. At $134,000, the current median price is now 69.15% lower. This is the lowest value for the median price since the August 2006 peak.

Monthly Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Monthly Median Sales Prices for the Last Year

Quarterly Rolling Home Price History for Staten Island

For the 3 month period ending December 2010, the combined median price for all Staten Island homes was $370,000. This is 0.00% unchanged the median price for the 3 month period ending one year ago in December 2009.

The quarterly rolling median price for all homes and apartments in staten island reached its most recent peak of $430,000 in September 2006. At $370,000, the current quarterly rolling median price is now 13.95% lower. When the quarterly rolling median price hit its lowest point (to date) of $335,000 in June 2009 it was 22.09% off the most recent peak. It has since climbed 10.45% from that post peak low.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Quarterly Rolling Median Sales Prices for the Last Year

12 Month Rolling Home Price History for Staten Island

The 12 month rolling median price for all homes and apartments in staten island reached its most recent peak of $425,000 in July 2007. At $379,000, the current 12 month rolling median price is now 10.82% lower. When the 12 month rolling median price hit its lowest point (to date) of $362,728 in November 2009 it was 14.65% off the most recent peak. It has since climbed 4.49% from that post peak low.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of 12 Month Rolling Median Sales Prices for the Last Year

Staten Island Home Affordability

In 2007, the median household income in Staten Island was $68,135². Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Staten Island household, this would have meant that a monthly mortgage payment should not have exceeded $1,703 using the 2007 average mortgage rate of 6.34%³. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 15.50% of the homes and apartments sold in Staten Island in all of 2007.