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25+ years experience · 1,000+ transactions · 5-star reviews
Queens · New York, NY
135 active listings · Median $1.3M
Calculating market narrative...
A condo-dominant submarket with rising sale prices.
Median asking rent in Long Island City is $4,500/month, $55 below the 5-year high set in Sep 2025. Median sale price is $1.33M, near a 5-year high. Sale listings are clearing 8 days slower than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Jun 2026.
Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises al...
In my 25+ years selling real estate across New York City, I use this Long Island City data in real negotiations, not just for a web page.
Stations: Hunters Point Av (0.17 mi), Court Sq (0.24 mi), Long Island City (0.61 mi), Queensboro Plaza (0.61 mi)
Midtown: 11 min (7 express from Hunters Point Av)
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 301 |
| Pending Sales | 100 |
| New This Week | 5 |
| New This Month | 10 |
| Avg DOM | 61 days |
| Price Cut Rate | 12.0% |
| Recent Sales | |
| Sold Last 30 Days | 49 |
| Sold Last 90 Days | 89 |
| Sale-to-List | 95.0% |
| Asking Prices | |
| Median Asking | $1,330,000 |
| Average Asking | $1,269,442 |
| Median $/SqFt | $1,575 |
| Median Condo | $1,260,000 |
| Median Co-op | $460,000 |
Based on active listings in Long Island City
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 11 | $750,000 | $599K - $895K |
| 1 Bedroom | 72 | $950,000 | $585K - $2.06M |
| 2 Bedrooms | 37 | $1,488,000 | $784K - $2.38M |
| 3+ Bedrooms | 15 | $2,500,000 | $1.50M - $4.00M |
View active listings by size:
Properties in Long Island City
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.
Experience across NYC
Transactions closed
Active in Queens
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Long Island City buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
Queens median $760K in January 2026 (+11.8% YoY). Astoria $1.06M, LIC new construction, Forest Hills co-ops, Bayside single-families. Borough breakdown with 2026 data.
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Jackson Heights median sale price: $481K with 1920s courtyard co-ops, garden apartments, and Tudor-style architecture. Top Queens value.
Sale listings that came on the market in the last 7 days.
Homes in Long Island City take a median 61 days to sell. Source: StreetEasy market data.
48-15 11th Street #2-G
Long Island City
A 826 sq ft condo in Long Island City.
4-74 48th Avenue #14-M
Long Island City
Among the lower-priced 1-bedroom condos currently listed in the neighborhood.
4-74 48th Avenue #35-E
Long Island City
Among the lower-priced 1-bedroom condos currently listed in the neighborhood.
37-34 33rd Street #7H
Long Island City
Priced below the neighborhood 1-bedroom condo median of $950,000.
22-18 JACKSON Avenue #509
Long Island City
Priced in line with the neighborhood 2-bedroom condo median of $1,488,000.
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Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
The median sale price in Long Island City is $1.3M. Condos sit at a median of $1.3M and co-ops at $460K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
Yes. The median sale price in Long Island City sits within a few percent of the 5-year high. Pricing is firm and listings priced near the comparable median tend to clear with limited room for negotiation.
Sale listings in Long Island City have a median of 61 days on market. That is 8 days slower than the same point a year ago. Roughly 12.0% of active listings have recorded a price cut, suggesting some negotiating room.
Long Island City is broadly balanced right now, with median days on market at 61 days and 12.0% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Long Island City offers both co-ops and condos. Condos are the higher-priced segment at a $1.3M median, with co-ops at $460K.
Roughly 14 homes change hands each month in Long Island City across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Long Island City is $4,500/month. Live RLS listings show studios at $3,255, 1-bedrooms at $4,300, 2-bedrooms at $4,125, 3+ bedrooms at $3,450 per month.
Median asking rent in Long Island City is currently $55 below the 5-year high set in September 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Long Island City has risen 38.5% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Long Island City, median sale prices range across Greenpoint at $1.6M, Midtown East at $875K, Sunnyside at $865K, Roosevelt Island at $790K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Long Island City is served by the 7, E, G, M, N, R, W trains. The commute to Midtown Manhattan runs roughly 11 minutes from Hunters Point Av.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Long Island City, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].
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Licensed Real Estate Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Long Island City, I will guide you every step of the way.
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