Staten Island, NY

The real estate market in Staten Island is unique in that it has a mix of suburban and urban neighborhoods. The suburban neighborhoods are located on the North Shore and in the South Shore, while the urban neighborhoods are located on the mainland. The average price of a home in Staten Island is $467,000, which is lower than the average price of a home in New York City ($580,000). The reason for this discrepancy is that Staten Island has a smaller population than New York City.

The majority of homes on Staten Island are single-family homes. There are also a few multifamily buildings, but they make up a small percentage of all housing units. Most homes on Staten Island are owner-occupied, which is different from most other parts of New York City where rental properties dominate. This may be due to the fact that many people who live on Staten Island commute to work in Manhattan or Brooklyn.

The real estate market on Staten Island has been slow to recover from the recession. In fact, according to Zillow, the median sale price for homes on Staten Island was down by 11% from 2016 to 2017. However, there have been some signs that things may be starting to improve. For example, sales volume increased by 10% between 2017 and 2018 and prices have started to rise again since then.