Long Island City recorded 2 closed sales in the last 30 days at a median close price of $1.50M. Active inventory stands at 167 listings with a median asking price of $1.09M ($1,585/sqft). Condos dominate at 96% of inventory. 28.1% price reductions among active listings. 1 new listing hit the market this week, while 160 properties are under contract. At current absorption rates, Long Island City has approximately 83.5 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 Market Report July 2026: $1.09M Median
Milton Coste
Live from REBNY/RLS
July 31, 2026
Milton Coste
Licensed Real Estate Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
167
Active Listings
$1.09M
Median Asking
2
Sold (30 Days)
83.5
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 167 |
| Pending Sales | 160 |
| Median Asking Price | $1.09M |
| Median Price/Sqft | $1,585 |
| Avg Days on Market | N/A |
| New This Week | 1 |
| Price Reduced | 47 (28.1%) |
| Sold (Last 30 Days) | 2 |
| Sold (Last 90 Days) | 3 |
| Median Sale Price (90d) | $1.50M |
| Sale-to-List Ratio | 98.4% |
| Months of Supply | 83.5 (buyer's market) |
Property Mix
Condo 96% (161)
Co-op 0% (0)
Condop 2% (3)
Based on 2 transactions. Limited volume may result in atypical metrics.
Recent Transactions
|
2-17 51st Avenue #913, Apt 913 | $1,500,000 | 2 BR | Jul 31, 2026 |
|
11-30 45TH Road #5A, Apt 5A | $1,160,000 | 1 BR | Jul 29, 2026 |
Rental Market
1
Closed Rentals (30 Days)
$3,600/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| Studio | Limited data | Limited data | Limited data |
Based on 1 transaction. Limited volume may result in atypical metrics.
Recent Transactions
|
3 Court Square #618, Apt 618 | $3,600/mo | Studio | Jul 30, 2026 |
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Active Listings in Long Island City
View All
$1,236,000
46-30 Center Boulevard #1503
1 bed
1 bath
777 sqft
Condo
$928,000
2-17 51st Avenue #410
Studio
1 bath
759 sqft
Condo
$2,677,500
11-37 44TH Drive #TH2
3 beds
3 baths
1,487 sqft
Condo
$1,890,000
11-37 44TH Drive #307
3 beds
2 baths
1,141 sqft
Condo
$1,648,500
11-37 44TH Drive #504
2 beds
2 baths
905 sqft
Condo
$934,500
11-37 44TH Drive #310
1 bed
1 bath
566 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.