Long Island City recorded 2 closed sales in the last 30 days at a median close price of $1.20M. Active inventory stands at 175 listings with a median asking price of $1.20M ($1,508/sqft). Condos dominate at 94% of inventory. 20.6% price reductions among active listings. 8 new listings hit the market this week, while 123 properties are under contract. At current absorption rates, Long Island City has approximately 87.5 months of supply, making it a buyer's market. As a Long Island City specialist with over 25 years of experience, I track these numbers daily to give my clients a competitive edge. If you are considering buying or selling in Long Island City, call me at (917) 416-7433 for a personalized market analysis.
Long Island City Real Estate May 2026 | $1.20M Median
Milton Coste
Live from REBNY/RLS
May 19, 2026
Milton Coste
Licensed Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
175
Active Listings
$1.20M
Median Asking
2
Sold (30 Days)
87.5
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 175 |
| Pending Sales | 123 |
| Median Asking Price | $1.20M |
| Median Price/Sqft | $1,508 |
| Avg Days on Market | N/A |
| New This Week | 8 |
| Price Reduced | 36 (20.6%) |
| Sold (Last 30 Days) | 2 |
| Sold (Last 90 Days) | 3 |
| Median Sale Price (90d) | $1.20M |
| Sale-to-List Ratio | 98.1% |
| Months of Supply | 87.5 (buyer's market) |
Property Mix
Condo 94% (165)
Co-op 0% (0)
Condop 3% (5)
Based on 2 transactions. Limited volume may result in atypical metrics.
Recent Transactions
|
46-30 Center Boulevard #707, Apt 707 | $1,275,000 | 1 BR | May 17, 2026 |
|
4-74 48th Avenue #3-BB, Apt 3-BB | $460,000 | Studio | May 15, 2026 |
Rental Market
2
Closed Rentals (30 Days)
$5,373/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| 1 BR | Limited data | Limited data | Limited data |
| 3+ BR | Limited data | Limited data | Limited data |
Based on 2 transactions. Limited volume may result in atypical metrics.
Recent Transactions
|
42-14 CRESCENT Street #8B, Apt 8B | $3,995/mo | 1 BR | Apr 30, 2026 |
|
44-78 23RD Street #1, Apt 1 | $6,750/mo | 3 BR | May 12, 2026 |
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Active Listings in Long Island City
View All
$970,000
11-12 44th Drive #2-A
1 bed
1 bath
723 sqft
Condo
$1,750,000
3 Court Square #629
2 beds
2 baths
979 sqft
Condo
$1,875,000
30-55 Vernon Boulevard #PHB
3 beds
2 baths
1,521 sqft
Condo
$1,335,000
30-55 Vernon Boulevard #3K
2 beds
2 baths
1,129 sqft
Condo
$1,475,000
30-55 Vernon Boulevard #2K
2 beds
2 baths
1,213 sqft
Condo
$1,195,000
30-55 Vernon Boulevard #2A
2 beds
2 baths
1,115 sqft
Condo
Data provided by the RLS at REBNY
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.