Long Island City recorded 7 closed sales in the last 30 days at a median close price of $1.17M. Active inventory stands at 177 listings with a median asking price of $1.14M ($1,588/sqft). Condos dominate at 97% of inventory. 27.7% price reductions among active listings. 12 new listings hit the market this week, while 150 properties are under contract. At current absorption rates, Long Island City has approximately 25.3 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: $1.14M Median
Milton Coste
Live from REBNY/RLS
July 15, 2026
Milton Coste
Licensed Real Estate Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
177
Active Listings
$1.14M
Median Asking
7
Sold (30 Days)
25.3
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 177 |
| Pending Sales | 150 |
| Median Asking Price | $1.14M |
| Median Price/Sqft | $1,588 |
| Avg Days on Market | N/A |
| New This Week | 12 |
| Price Reduced | 49 (27.7%) |
| Sold (Last 30 Days) | 7 |
| Sold (Last 90 Days) | 20 |
| Median Sale Price (90d) | $1.17M |
| Sale-to-List Ratio | 99.1% |
| Months of Supply | 25.3 (buyer's market) |
Property Mix
Condo 97% (171)
Co-op 1% (1)
Condop 1% (2)
Recent Transactions
|
11-25 45th Avenue #5-E, Apt 5-E | $1,050,000 | 1 BR | Jul 9, 2026 |
|
2-26 50th Avenue #11-C, Apt 11-C | $910,000 | 1 BR | Jun 30, 2026 |
|
27-28 THOMSON Avenue #514, Apt 514 | $2,125,000 | 2 BR | Jul 8, 2026 |
|
21-30 45th Road #1, Apt 1 | $875,000 | Studio | Jul 1, 2026 |
|
5-25 47th Road #2A, Apt 2A | $1,575,000 | 2 BR | Jul 1, 2026 |
|
37-29 32nd Street #4A, Apt 4A | $1,060,000 | 2 BR | Jun 30, 2026 |
|
21-45 44th Drive #3-I, Apt 3-I | $845,000 | 1 BR | Jun 29, 2026 |
Rental Market
11
Closed Rentals (30 Days)
$3,850/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| Studio | Limited data | Limited data | Limited data |
| 1 BR | 7 | $3,850/mo | $2,800 - $4,850 |
| 2 BR | Limited data | Limited data | Limited data |
Recent Transactions
|
44-15 Purves Street #9-D, Apt 9-D | $3,400/mo | 1 BR | Jul 8, 2026 |
|
22-44 Jackson Avenue #1710, Apt 1710 | $3,453/mo | Studio | Jul 2, 2026 |
|
3 Court Square #2805, Apt 2805 | $6,300/mo | 2 BR | Jul 6, 2026 |
|
36-20 Steinway Street #512, Apt 512 | $2,981/mo | Studio | Jun 28, 2026 |
|
36-20 Steinway Street #PH-12, Apt PH-12 | $3,494/mo | 1 BR | Jun 28, 2026 |
|
29-18 41st Avenue #25D, Apt 25D | $5,950/mo | 2 BR | Jun 26, 2026 |
|
27-08 39th Avenue #1C, Apt 1C | $2,800/mo | 1 BR | Jun 25, 2026 |
|
24-16 Queens Plaza #16-C, Apt 16-C | $3,850/mo | 1 BR | Jun 25, 2026 |
|
2-26 50th Avenue #3-I, Apt 3-I | $4,850/mo | 1 BR | Jun 24, 2026 |
|
22-44 Jackson Avenue #4123, Apt 4123 | $4,420/mo | 1 BR | Jun 18, 2026 |
|
3 Court Square #1810, Apt 1810 | $4,500/mo | 1 BR | Jun 18, 2026 |
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Active Listings in Long Island City
View All
$875,000
21-45 44TH Drive #4I
1 bed
1 bath
753 sqft
Condo
$1,350,000
45-07 COURT Square #3A
2 beds
2 baths
903 sqft
Condo
$1,195,000
30-55 Vernon Boulevard #2A
2 beds
2 baths
1,115 sqft
Condo
$1,475,000
30-55 Vernon Boulevard #2K
2 beds
2 baths
1,213 sqft
Condo
$895,000
30-55 Vernon Boulevard #6J
1 bed
1 bath
687 sqft
Condo
$1,525,000
30-55 Vernon Boulevard #7M
2 beds
2 baths
1,129 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.