Long Island City NY Real Estate Market Trends & Home Values

Long Island City

Long Island City, NY Home Values & Market Trends

Real estate market trends reflect that there have been 1,058 transactions over the past year in Long Island City. The median value for residential home transactions that occurred over the previous year is $930,186. The number of current listings in Long Island City is 51, and the percentage of properties for sale in the city is 51.00%. Long Island City, NY currently has 117 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 51 properties for sale.

Long Island City, NY Real Estate Market Overview

Zip	Median Est. Value	Zip	Median Est. Value
11101	$ 829,400 $ 1,325/sqft	11109	$ -- $ --

Zip

Median Est. Value

Zip

Median Est. Value

11101

$ 829,400

$ 1,325/sqft

11109

$ --

Housing Market Summary for Long Island City, NY

	Jan 2024	December 2024	Change
Median Listing Price	$1.3M	$988K	-22.36%
Median Sold Price	$1.2M	$1.2M	6.16%
Homes For Sale	60	47	-21.67%
Homes Sold	645	590	-8.53%

Price

$/Sqft

Homes For Sale

0

Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

0

Recently Sold Homes

Explore recent offers and recently sold homes in Long Island City, NY

Recently Sold

543 51st Ave # 1, Long Island City, NY 11101

Recently Sold

543 51st Ave # 2, Long Island City, NY 11101

Recently Sold

$688,800

Sold Price

28-09 #2b, Long Island City, NY 11101

Browse Homes in Long Island City, NY

Long Island City home values range from $285,136 to $92,529,913. The median estimated value of a home in Long Island City is $930,186. The median list price of a home is 1,249,000, and the total count of properties in the city is 886.

Foreclosure

There are 2 zips within Long Island City, NY; within these zips, the median estimated home value for homes in foreclosure ranges from $92,529,913 in 11101 to the lowest value of $505,483 in 11101. Foreclosure homes account for 13.00% of properties in Long Island City, NY with 11101 containing 17 foreclosures, the highest number of foreclosure properties in a single zip.

Pre-Foreclosure
Pre-foreclosure homes account for 12.98% of all residential properties in Long Island City, NY with 11101 containing 17 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Long Island City, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $92,529,913 in 11101 to the lowest home value of $505,483 in 11101.
Bank Owned
The median estimated home value of bank owned homes (REO properties) in Long Island City, NY ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Long Island City, NY. There are 2 zips within Long Island City, NY; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
Auctions
11101 has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Long Island City, NY. Auction homes and other auction properties account for 0.23% of all properties in Long Island City, NY. There are 2 zips within Long Island City, NY; of those zips, the median estimated home value for homes going to auction ranges from $0 in 11109 to the lowest value of $0 in 11109.

Homes for Sale

Homes and properties that are actively listed for sale account for 5.76% of residential properties in Long Island City, NY with 11101 containing 16 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Long Island City, NY; homes for sale in those zips, have a range of median values from $1,370,000 in 11101 to the lowest value of $459,784 in 11101.

Sold Homes

The median value for recently sold homes ranges from $1,851,234 in 11109 to the lowest price of $543,132 in 11109. There are 2 zips within Long Island City, NY. 11101 has 174 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 67.83% of properties in Long Island City, NY.

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