Long Island City recorded 46 closed sales in the last 30 days at a median close price of $1.04M. Active inventory stands at 139 listings with a median asking price of $1.15M ($1,574/sqft). Condos dominate at 96% of inventory. 29.5% price reductions among active listings. 3 new listings hit the market this week, while 107 properties are under contract. At current absorption rates, Long Island City has approximately 3 months of supply, making it a seller'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 May 2026: $1.15M Median
Milton Coste
Live from REBNY/RLS
August 29, 2026
Milton Coste
Licensed Real Estate Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
139
Active Listings
$1.15M
Median Asking
46
Sold (30 Days)
3
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 139 |
| Pending Sales | 107 |
| Median Asking Price | $1.15M |
| Median Price/Sqft | $1,574 |
| Avg Days on Market | N/A |
| New This Week | 3 |
| Price Reduced | 41 (29.5%) |
| Sold (Last 30 Days) | 46 |
| Sold (Last 90 Days) | 53 |
| Median Sale Price (90d) | $1.04M |
| Sale-to-List Ratio | 100.7% |
| Months of Supply | 3 (seller's market) |
Property Mix
Condo 96% (134)
Co-op 0% (0)
Condop 1% (2)
Recent Transactions
Rental Market
3
Closed Rentals (30 Days)
$3,230/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| Studio | Limited data | Limited data | Limited data |
| 1 BR | Limited data | Limited data | Limited data |
Based on 3 transactions. Limited volume may result in atypical metrics.
Recent Transactions
|
36-20 Steinway Street #410, Apt 410 | $3,230/mo | Studio | Aug 27, 2026 |
|
5-09 48th Avenue #3-H, Apt 3-H | $4,100/mo | 1 BR | Aug 23, 2026 |
|
27-08 39th Avenue #3E, Apt 3E | $2,850/mo | 1 BR | Aug 17, 2026 |
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Active Listings in Long Island City
View All
$1,495,000
42-60 Crescent Street #3-D
2 beds
2 baths
1,191 sqft
Condo
$2,500,000
5-09 48th Avenue #7F
3 beds
2 baths
1,587 sqft
Condo
$970,000
11-12 44th Drive #2-A
1 bed
1 bath
723 sqft
Condo
$790,000
24-01 Queens Plaza N #1302-A
Studio
1 bath
434 sqft
Condo
$2,650,000
24-01 Queens Plaza N #1701-A
3 beds
3 baths
1,391 sqft
Condo
$1,150,000
24-01 Queens Plaza N #808
1 bed
1 bath
732 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.