Long Island City recorded 18 closed sales in the last 30 days at a median close price of $1.04M. Active inventory stands at 136 listings with a median asking price of $1.08M ($1,527/sqft). Condos dominate at 93% of inventory. 25.0% price reductions among active listings. 2 new listings hit the market this week, while 86 properties are under contract. At current absorption rates, Long Island City has approximately 7.6 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 August 2026: $1.08M Median
Milton Coste
Live from REBNY/RLS
October 15, 2026
Milton Coste
Licensed Real Estate Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
136
Active Listings
$1.08M
Median Asking
18
Sold (30 Days)
7.6
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 136 |
| Pending Sales | 86 |
| Median Asking Price | $1.08M |
| Median Price/Sqft | $1,527 |
| Avg Days on Market | N/A |
| New This Week | 2 |
| Price Reduced | 34 (25.0%) |
| Sold (Last 30 Days) | 18 |
| Sold (Last 90 Days) | 78 |
| Median Sale Price (90d) | $1.04M |
| Sale-to-List Ratio | 100.3% |
| Months of Supply | 7.6 (buyer's market) |
Property Mix
Condo 93% (127)
Co-op 1% (2)
Condop 2% (3)
Recent Transactions
Rental Market
1
Closed Rentals (30 Days)
$4,300/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| 1 BR | Limited data | Limited data | Limited data |
Based on 1 transaction. Limited volume may result in atypical metrics.
Recent Transactions
|
27-17 42nd Road #11D, Apt 11D | $4,300/mo | 1 BR | Sep 29, 2026 |
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Active Listings in Long Island City
View All
$535,000
42-14 Crescent Street #10D
Studio
1 bath
419 sqft
Co-op
$970,000
11-12 44th Drive #2-A
1 bed
1 bath
723 sqft
Condo
$870,000
37-34 33rd Street #2-J
1 bed
1 bath
548 sqft
Condo
$1,400,000
42-62 Hunter Street #PH-A
2 beds
2 baths
Condo
$975,000
5-49 Borden Avenue #J-6
1 bed
1 bath
728 sqft
Condo
$799,000
22-18 Jackson Avenue #517
Studio
1 bath
569 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.