Queens · New York, NY
137 active listings · Median $1.1M · 55 days on market
Long Island City has 7 months of supply (how long today's 138 listings would last at the 6-month pace of about 20 sales a month if nothing new came on the market), and homes sold at about 100% of their original asking price over the past 6 months (RLS/REBNY closed and active listings).
· Closed sales April 2, 2026 to October 2, 2026; listings active on October 2, 2026.
Long Island City has 7 months of supply (how long today's 138 listings would last at the 6-month pace of about 20 sales a month if nothing new came on the market), and homes sold at about 100% of their original asking price over the past 6 months (RLS/REBNY closed and active listings).
Absorption: about 14% of listings sell in a typical month.
| Apartment type | For sale now | Sold per month | Months of supplyhow long listings would last | Sold vs. original asksale price ÷ first asking price | Median days, listing to closingincludes contract-to-closing time |
|---|---|---|---|---|---|
| Studio condoIn line with the neighborhood | 12 | 2.8 | 4.2 | 100% | 524 |
| 1-bedroom condoIn line with the neighborhood | 65 | 9.8 | 6.6 | 100% | 274 |
| 2-bedroom condoIn line with the neighborhood | 40 | 5.3 | 7.5 | 100% | 177 |
Only apartment types with at least 6 recorded sales in the period are shown. Off-market and owner-sold homes are not in RLS data.
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Get the numbers for your apartment typeHow long it would take to sell every home now listed if sales kept their recent pace and no new listings came on. A lower number means buyers have fewer homes to choose from.
The share of listed homes that sell in a typical month. An absorption rate of 25% means about one in four listings sells each month; it is the same measure as months of supply, turned around.
The price a home was listed at when it first came on the market, before any price cuts. Comparing the sale price with it shows how much room buyers negotiated.
Listing and sales data courtesy of the Real Estate Board of New York Residential Listing Service (RLS). Deemed reliable but not guaranteed.
A condo-dominant submarket with sale values below the 5-year high and sale listings sitting longer than a year ago.
Median asking rent in Long Island City is $4,595/month, $35 below the 5-year high set in Aug 2026. Rents are up +0.9% year over year and +30.2% over the past 5 years. Median sale price is $1.05M. Sale prices are up +8.2% year over year. Sale listings are clearing 23 days faster 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.
Sale figures: RLS/REBNY closed and active listings, April 2, 2026 to October 2, 2026. Rents: StreetEasy market data, through Sep 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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Long Island City sellers benefit from sustained buyer demand driven by one-stop Manhattan access, waterfront parks, and a growing roster of restaurants and retail along Vernon Boulevard. Median days on market dropped to 3 in Q1 2026, reflecting strong absorption despite rising inventory. Skyline-view units and corner apartments with double exposure command the strongest premiums. International and all-cash buyers represent a growing share of the pool, particularly for units above $1M.
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Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 138 |
| Pending Sales | 96 |
| New This Week | 5 |
| New This Month | 29 |
| Avg DOM | 55 days |
| Price Cut Rate | 23.8% |
| Recent Sales | |
| Sold Last 30 Days | 11 |
| Sold Last 90 Days | 93 |
| Sold vs. Original Ask | 100.0% |
| Asking Prices | |
| Median Asking | $1,055,000 |
| Average Asking | $1,253,652 |
| Median $/SqFt | $1,517 |
| Median Condo Ask | $1,060,000 |
| Median Co-op Ask | -- |
Based on active listings in Long Island City
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 14 | $717,500 | $495K - $895K |
| 1 Bedroom | 67 | $930,000 | $585K - $2.06M |
| 2 Bedrooms | 41 | $1,400,000 | $999K - $1.90M |
| 3+ Bedrooms | 15 | $2,500,000 | $1.30M - $3.80M |
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.
I was trying to rent out my newly renovated condo in NYC's competitive rental market, and Milton Coste handled everything from start to finish. Milton knows the area inside out and was communicative, knowledgeable, and proactive throughout the entire process. Thanks to his expertise, he found a great tenant within just one week at a strong rental price. I highly recommend Milton to anyone looking for a reliable, professional, and results-driven real estate broker.
Milton helped me purchase my first Manhattan condo, and I can't recommend him highly enough. What could have been a stressful process ended up feeling remarkably smooth. From the initial offer through closing, Milton was responsive, knowledgeable, and always willing to take the time to answer questions and explain the details. I always felt informed and supported, but never pressured. If you're looking for a broker who is knowledgeable, trustworthy, responsive, and genuinely invested in helping his clients succeed, I would absolutely recommend Milton.
Quarterly report
Queens Market Report, 3Q 2026
$775,000 median sale price. Download the full report
Queens median $760K in January 2026 (+11.8% YoY), Astoria $1.11M. LIC new construction, Forest Hills co-ops, Bayside houses. A 2026 borough breakdown.
New development condos in LIC, Downtown Brooklyn, and Hudson Yards offer tax abatements and modern layouts. Are they worth it?
Every NYC real estate tax in 2026: property tax (10.7%-19.6%), mansion tax (1%-3.9%), transfer tax, mortgage recording, and capital gains. Rates and examples.
The citywide NYC median sale price was $850K in January 2026, with a $3,750 median asking rent for a one-bedroom. Here is what relocators need to know before signing anything.
15 NYC neighborhoods ranked by 12-month change in median sale price, with median $/sqft and days on market. August 2026 data, not the spring figures.
Brooklyn median prices run 30-50% higher than Queens for comparable apartments. Here is where first-time buyers get the most value in each borough.
Sale listings that came on the market in the last 7 days.
Homes in Long Island City take a median 55 days to go into contract. Source: RLS/REBNY closed and active listings, April 2, 2026 to October 2, 2026.
10-17 Jackson Avenue #PH-8I
Long Island City
A 871 sq ft condo in Long Island City.
11-35 45th Avenue #5-E
Long Island City
Priced in line with the neighborhood 1-bedroom condo median of $930,000.
27-17 42ND Road #4G
Long Island City
A 712 sq ft condo in Long Island City.
37-34 33rd Street #7-E
Long Island City
Priced below the neighborhood 1-bedroom condo median of $930,000.
37-34 33rd Street #6-D
Long Island City
Priced below the neighborhood 2-bedroom condo median of $1,400,000.
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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 $1.1M. Condo sales make up the bulk of activity, with a median of $1.1M. Sale prices are up 8.2% year over year.
Sale listings in Long Island City have a median of 55 days on market. That is 23 days faster than the same point a year ago. Roughly 23.8% 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 55 days and 23.8% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Long Island City is primarily a condo market, with the median sale price at $1.1M. Co-op inventory is limited.
Roughly 20 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 $4,595/month. Live RLS listings show studios at $3,305, 1-bedrooms at $4,325, 2-bedrooms at $4,913 per month.
Median asking rent in Long Island City is currently $35 below the 5-year high set in August 2026. 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 30.2% 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 $1.9M, Midtown East at $975K, Roosevelt Island at $850K, Sunnyside at $711K. 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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