Long Island City recorded 10 closed sales in the last 30 days at a median close price of $1.44M. Active inventory stands at 180 listings with a median asking price of $1.19M ($1,546/sqft). Condos dominate at 96% of inventory. 25.6% price reductions among active listings. 4 new listings hit the market this week, while 143 properties are under contract. At current absorption rates, Long Island City has approximately 18 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 May 2026: $1.19M Median
Milton Coste
Live from REBNY/RLS
June 15, 2026
Milton Coste
Licensed Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
180
Active Listings
$1.19M
Median Asking
10
Sold (30 Days)
18
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 180 |
| Pending Sales | 143 |
| Median Asking Price | $1.19M |
| Median Price/Sqft | $1,546 |
| Avg Days on Market | N/A |
| New This Week | 4 |
| Price Reduced | 46 (25.6%) |
| Sold (Last 30 Days) | 10 |
| Sold (Last 90 Days) | 14 |
| Median Sale Price (90d) | $1.44M |
| Sale-to-List Ratio | 99.7% |
| Months of Supply | 18 (buyer's market) |
Property Mix
Condo 96% (172)
Co-op 1% (1)
Condop 2% (3)
Recent Transactions
|
27-28 Thomson Avenue #304, Apt 304 | $1,845,000 | 1 BR | May 28, 2026 |
|
27-17 42ND Road #5H, Apt 5H | $895,000 | 1 BR | May 26, 2026 |
|
25-21 43RD Avenue #806, Apt 806 | $940,000 | 1 BR | Jun 11, 2026 |
|
48-11 37th Street | $1,600,000 | 4 BR | Jun 10, 2026 |
|
3 Court Square #2911, Apt 2911 | $2,600,000 | 2 BR | Jun 5, 2026 |
|
3 Court Square #PH-201, Apt PH-201 | $2,200,000 | 2 BR | Jun 4, 2026 |
|
29-18 41st Avenue #10A, Apt 10A | $915,000 | 1 BR | Jun 1, 2026 |
|
22-18 JACKSON Avenue #408, Apt 408 | $1,700,000 | 2 BR | May 29, 2026 |
|
42-60 Crescent Street #5-A, Apt 5-A | $2,025,000 | 3 BR | May 19, 2026 |
|
21-45 44th Drive #3-I, Apt 3-I | $845,000 | 1 BR | Jun 29, 2026 |
Rental Market
7
Closed Rentals (30 Days)
$4,420/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| Studio | Limited data | Limited data | Limited data |
| 1 BR | 3 | $4,420/mo | $3,494 - $4,622 |
| 2 BR | Limited data | Limited data | Limited data |
| 3+ BR | Limited data | Limited data | Limited data |
Recent Transactions
|
36-20 Steinway Street #512, Apt 512 | $2,981/mo | Studio | Jun 3, 2026 |
|
36-20 Steinway Street #231, Apt 231 | $5,219/mo | 2 BR | Jun 3, 2026 |
|
36-20 Steinway Street #PH-12, Apt PH-12 | $3,494/mo | 1 BR | Jun 3, 2026 |
|
22-44 Jackson Avenue #4123, Apt 4123 | $4,420/mo | 1 BR | May 21, 2026 |
|
22-44 Jackson Avenue #3414, Apt 3414 | $4,622/mo | 1 BR | May 21, 2026 |
|
21-59 44TH Drive #5A, Apt 5A | $5,500/mo | 2 BR | May 21, 2026 |
|
34-29 33rd Street #1-FL, Apt 1-FL | $3,600/mo | 3 BR | May 19, 2026 |
Want this report in your inbox?
Get monthly market updates for Long Island City delivered free.
Active Listings in Long Island City
View All
$975,000
5-49 Borden Avenue #J-6
1 bed
1 bath
728 sqft
Condo
$605,000
37-14 34th Street #S-5C
Studio
1 bath
435 sqft
Condo
$1,350,000
5-43 48th Avenue #3-C
2 beds
2 baths
1,009 sqft
Condo
$1,225,000
37-34 33rd Street #6-D
2 beds
2 baths
845 sqft
Condo
$1,350,000
45-07 COURT Square #3A
2 beds
2 baths
903 sqft
Condo
$1,298,000
13-33 JACKSON Avenue #6F
2 beds
2 baths
939 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.