Long Island City recorded 9 closed sales in the last 30 days at a median close price of $1.27M. Active inventory stands at 153 listings with a median asking price of $1.20M ($1,528/sqft). Condos dominate at 97% of inventory. 7.8% of active listings have had at least one price reduction. 14 new listings hit the market this week, while 139 properties are under contract. At current absorption rates, Long Island City has approximately 17 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 Update: March 2026
Milton Coste
Live from REBNY/RLS
March 24, 2026
Milton Coste
Licensed Associate Broker at Keller Williams NYC
NY License #10401274378 | (917) 416-7433
153
Active Listings
$1.20M
Median Asking
9
Sold (30 Days)
17
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 153 |
| Pending Sales | 139 |
| Median Asking Price | $1.20M |
| Median Price/Sqft | $1,528 |
| Avg Days on Market | N/A |
| New This Week | 14 |
| Price Reduced | 12 (7.8%) |
| Sold (Last 30 Days) | 9 |
| Sold (Last 90 Days) | 35 |
| Median Sale Price (90d) | $1.27M |
| Sale-to-List Ratio | 99.4% |
| Months of Supply | 17 (buyer's market) |
Property Mix
Condo 97% (148)
Co-op 0% (0)
Condop 1% (1)
Rental Market
6
Closed Rentals (30 Days)
$3,875/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 |
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Active Listings in Long Island City
View All
$1,785,000
3 Court Square #3201
2 beds
2 baths
930 sqft
Condo
$920,000
2-26 50th Avenue #6-F
1 bed
1 bath
710 sqft
Condo
$2,699,000
3 Court Square #2911
2 beds
2 baths
1,272 sqft
Condo
$1,488,000
25-19 43rd Avenue #508
2 beds
2 baths
1,046 sqft
Condo
$875,000
3 Court Square #523
Studio
1 bath
515 sqft
Condo
$895,000
13-11 Jackson Avenue #8D
1 bed
1 bath
786 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.