Long Island City recorded 17 closed sales in the last 30 days at a median close price of $1.05M. Active inventory stands at 147 listings with a median asking price of $1.14M ($1,557/sqft). Condos dominate at 94% of inventory. 25.2% price reductions among active listings. 2 new listings hit the market this week, while 76 properties are under contract. At current absorption rates, Long Island City has approximately 8.6 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 Market Report August 2026: $1.14M Median
Milton Coste
Live from REBNY/RLS
October 30, 2026
Milton Coste
Licensed Real Estate Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
147
Active Listings
$1.14M
Median Asking
17
Sold (30 Days)
8.6
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 147 |
| Pending Sales | 76 |
| Median Asking Price | $1.14M |
| Median Price/Sqft | $1,557 |
| Avg Days on Market | N/A |
| New This Week | 2 |
| Price Reduced | 37 (25.2%) |
| Sold (Last 30 Days) | 17 |
| Sold (Last 90 Days) | 86 |
| Median Sale Price (90d) | $1.05M |
| Sale-to-List Ratio | 100.1% |
| Months of Supply | 8.6 (buyer's market) |
Property Mix
Condo 94% (138)
Co-op 1% (1)
Condop 2% (3)
Recent Transactions
Rental Market
5
Closed Rentals (30 Days)
$4,200/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| Studio | Limited data | Limited data | Limited data |
| 1 BR | Limited data | Limited data | Limited data |
| 2 BR | Limited data | Limited data | Limited data |
Recent Transactions
|
2-26 50th Avenue #10-C, Apt 10-C | $4,200/mo | 1 BR | Oct 30, 2026 |
|
22-44 Jackson Avenue #3608, Apt 3608 | $4,620/mo | 1 BR | Oct 19, 2026 |
|
5-09 48th Avenue #5-J, Apt 5-J | $3,400/mo | Studio | Oct 20, 2026 |
|
3 COURT Square #PH302, Apt PH302 | $7,600/mo | 2 BR | Oct 19, 2026 |
|
36-20 Steinway Street #519, Apt 519 | $3,110/mo | Studio | Oct 16, 2026 |
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Active Listings in Long Island City
View All
$1,725,000
3 Court Square #4608
2 beds
2 baths
964 sqft
Condo
$883,000
29-18 41st Avenue #5A
1 bed
1 bath
631 sqft
Condo
$1,135,000
24-01 Queens Plaza N #907
1 bed
1 bath
656 sqft
Condo
$790,000
24-01 Queens Plaza N #1504
Studio
1 bath
428 sqft
Condo
$2,350,000
24-01 Queens Plaza N #1403
2 beds
2 baths
1,222 sqft
Condo
$1,270,000
24-01 Queens Plaza N #1008
1 bed
1 bath
736 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.