Long Island City
Market Report • Data Range: 2010-01 to 2025-11
Median Sale Price
$1.05M
+8.0% YoY
What this means:
Half of homes sell for more than this price, half sell for less. This is the "middle" price point in the neighborhood.
Median Rent
$4,351.5
+1.0% YoY
What this means:
The typical monthly rent in this area. Half of apartments rent for more, half for less. Budget accordingly!
Days on Market
3
-95.8% YoY
What this means:
Average time a home sits before selling. Lower = hot market (buyers compete). Higher = more negotiating power for buyers.
For Sale Inventory
243
+48.2% YoY
What this means:
Number of homes currently for sale. More inventory = more choices for buyers. Low inventory = sellers have advantage.
Median Condo Price
$1.05M
Condos explained:
You own the unit outright. Easier financing, fewer restrictions, but often higher HOA fees. Great for investors or those who want flexibility.
Rental Inventory
956
What this means:
Number of apartments available for rent right now. More options = more bargaining power for renters. Low inventory? Act fast and come prepared!
Price Cut Share
5.3%
What this means:
Percentage of listings that reduced their asking price. High % = sellers overpricing, room to negotiate. Low % = homes priced right, less wiggle room.
Sales Volume (mo)
11
What this means:
Number of homes sold last month. Shows how active the market is. High volume = competitive market. Low volume = fewer comparable sales for pricing.
Rent-to-Own Ratio
20x
Annual rent
Should you buy or rent?
This shows how many years of rent equals the purchase price. Under 15x = buying may be better. Over 20x = renting may make more sense. 15-20x = toss-up, depends on your situation.
Market Trends & Analytics
Median Sale Price
+8.0% YoYMedian Rent
+1.0% YoYFor-Sale Inventory
Days on Market
Sales Volume
Explore All Market Metrics
Select any metric from 43 StreetEasy data sets
Median Sales Price
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Data Range
2023-12 to 2025-11
24 months of history
Sub-Type
All Properties
Median price of recently sold properties
Market Insights
Price Trend
Sale prices in Long Island City have increased 8% over the past year, outpacing the NYC average.
Rental Market
Rental prices rose 1% YoY. At $4351.5/mo, Long Island City offers premium rentals for Queens.
Investment Outlook
With a price-to-rent ratio of 20x annual rent, Long Island City favors renting based on current metrics.
Active Listings in Long Island City
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No active listings in Long Island City at the moment.
Contact Milton for off-market opportunities or upcoming listings.
Long Island City Market Snapshot
View Full Market Report →Closed Deals in Long Island City
Milton's Track Record
0
Total Deals
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Get Expert Guidance on Long Island City
With 25+ years of experience and 1,000+ properties listed, marketed, sold, and leased in NYC, I can help you navigate the Long Island City market. Whether buying, selling, or investing, let's discuss your goals.