Key metrics and insights for homebuyers and sellers evaluating Long Island City, Queens, NY 11101.
Median Condo Price
$842,675
+1% YoY
Median Recorded Property Tax
$7,300
Annual
Walk Score
74
out of 100
Transit Score
100
out of 100
Monthly Charges
Condo
$622
common charges
How Do Monthly Charges Scale With Price in Long Island City?
Condos: among live listings asking under $1.1M, median monthly common charges runs about $438 (27 listings). At $1.1M and above, the median climbs to $794 (23 listings).
Live MLS listing data for Long Island City; medians refresh as inventory changes. Every building sets its own charges — confirm the specific building before you offer.
Median Sale Price by Property Type — Long Island City
Condo
$842,675
26 closed sales · 131d median
Single-family, condo and co-op homes are measured separately — these medians are never blended together.
Based on 34 recorded closings in ZIP 11101 between Sep 10, 2025 and Sep 10, 2026 — a settled trailing twelve months,
ending about a month back so late-recorded closings are counted rather than missed.
Days on market are medians, not averages. A property type with fewer than 8 closed sales in that window is left out rather than published on a sample too thin to mean anything.
Coops & Condos in Long Island City · ZIPs 11101, 11109, 11106
Coops →$509K median ask · 40 days · 16 active$509K · 40d · 16 activeBalanced Market
Condos →$1.03M median ask · 100 days · 63 active$1.03M · 100d · 63 activeMixed Signals
Each segment is measured on its own inventory and sales pace — a segment's condition can differ from the overall market reading above.
Coops & Condos: A Different Trend
Houses, coops, and condos do not move together here -- each segment below is measured on its own closed sales, so the direction (and what it means for you) can differ from the blended market above.
Condos in Long Island City
Mixed Signals
Month-to-month medians in the Long Island City condo market have been uneven across the past 2 years, ranging anywhere from $680K to $1.28M — more indicative of a thin or property-mix-driven market than of a single direction. The typical recent sale has taken about 156 days to go under contract.
Sellers: The signals here disagree -- inventory looks ample while units are still going to contract quickly near asking -- so price to your building's own recent sales rather than to a market label.
Buyers: Read this one building by building. The neighborhood-wide numbers point in different directions, so leverage depends on the specific building far more than on the market.
22.1% have cut their asking price — well below the 34.0% across Queens
Of the 68 homes for sale in Long Island City today, 15 are now asking less than they originally asked — 22.1%, against 34.0% across Queens.
And among the homes that actually sold
Among the 45 homes that sold in Long Island City over the last twelve settled months, 22.2% had cut their price before they sold — up from 19.0% over the same twelve months a year earlier.
What each group got
Over those same twelve months, the 35 Long Island City homes that sold without ever reducing achieved 98.1% of their asking price in a median of 125 days. The 10 that did reduce achieved 93.7% of what they first asked, after 140 days.
Homes that never reduced and homes that did are different homes, priced differently from the start — these figures describe what each group did, not what a reduction causes. How any individual home performs depends on condition, layout, its position within Long Island City and how it shows, none of which a market median can capture.
Measured from the OneKey MLS feed, updated daily. A home counts as reduced when its current asking price is below the price it was first listed at — not against an estimate or against other homes. The for-sale figures describe homes available today; the sold figures describe closed sales between September 2025 and August 2026.
Joseph's Market Take
What This Means for Sellers
Pricing strategy is the variable you control in Long Island City regardless of which way the wider market is leaning. Overpriced homes sit and get chased down with reductions; correctly priced ones still move. The comparables for your specific home — not a headline about the market — are what set the right number, and that is where having an agent who understands both the legal and market dynamics becomes critical.
Buyer Advisory
What This Means for Buyers
Come pre-approved and judge each home in Long Island City on its own comparables. Conditions vary by price band and by street, so the useful read comes from the specific property and what has actually closed near it — not from a single label for the town.
How many Long Island City listings did not sell
Did not sell
65%
82 of 127 listings that resolved
Sold
35%
45 closed sales · median $840,000
The listings that did not sell asked a median of $1,174,000 — 40% above the $840,000 median of the homes that closed. Counted over the trailing twelve months: every listing that closed, expired, was withdrawn or was
terminated. Listings still active or under contract are not counted on either side.
If the feed does not retain every withdrawn listing, the real figure is higher than the one shown, never lower.
Based on information from OneKey® MLS, for the period September 10, 2025 through September 10, 2026.
Flood informationLong Island City: FEMA flood dataMedian NFIP cost, single-family homes,ZIP 11101: $1,380 a year (Aug 2026)
Median yearly NFIP cost
$1,380
Single-family homes · ZIP 11101
Middle half of policies
$1,340–$1,380
5 policies in force, August 31, 2026
Residential buildings with NFIP insurance
3.7%
Queens · FEMA, Aug 3, 2026
Based on 5 policies, a small sample.
Median yearly cost by FEMA zone: high-risk A zones $1,380 (1 policy, small sample); moderate- to low-risk zones (X, B, C) $1,360 (4 policies, small sample).
Cost trend, Queens
Median yearly cost of single-family NFIP policies taking effect each month.
In Queens, the typical monthly median yearly cost of single-family NFIP policies taking effect in June through August 2026 was $1,400, 17% higher than the typical month in June through August 2025 ($1,200). Based on 2,038 and 2,106 policies.
FEMA flood-loss ratings
FEMA's National Risk Index rates each census tract's expected yearly losses from flooding against every census tract in the country. For the 9 census tracts in the Long Island City-Hunters Point neighborhood tabulation area (NYC):
Calculated from FEMA policy data (as of Sep 8, 2026) and FEMA's NFIP residential penetration rates; ratings are FEMA's own labels from the National Risk Index (December 2025). Yearly cost is premium plus FEMA fees, single-family NFIP policies only; the insured share is residential NFIP contracts as a share of all residential buildings. Private flood insurance is not included. Not a flood-zone determination, insurance advice or a quote. Each building is priced individually.
03 — About Long Island City
What It's Like Living in Long Island City
Long Island City is one of Queens's most established residential communities, offering a distinctive blend of suburban character and metropolitan accessibility. Located in the 11101 zip code, the community is served by the New York City Department Of Education.
With a median home price of $842,675 and a median recorded property tax of $7,300 annually, Long Island City pairs an established housing stock with direct access to New York City.
Long Island City's housing splits across ownership forms — condos selling at a median of $843K, single-family homes — and the differences go well beyond price. Day to day, apartment ownership trades yard work and building upkeep for a monthly charge and house rules; a house trades the monthly charge for full control — and full responsibility. Condos are the dominant apartment form in Long Island City — deeded ownership with fewer transfer restrictions than a coop.
Local Expert Insights
Joseph's Insider Guide to Long Island City
Direct answers informed by 5,000+ closed transactions across Nassau, Suffolk, Queens and Brooklyn — not the canned content you'd find on any listing portal.
What are property tax trends in Long Island City, NY?
Long Island City homeowners pay a median of approximately $7,300 a year in property taxes — the median of the tax figures actually recorded on homes sold here, not an estimate. The bill funds school-district, county, town, and special-district services. Taxes are assessed parcel by parcel, so two similar homes on the same street can carry very different bills — confirm the actual assessment on a specific address before relying on it.
Is now a good time to buy or sell in Long Island City?
Conditions in Long Island City are best read from the numbers themselves, with homes selling in about 131 days. Prices have moved +1% year-over-year. Timing decisions depend on your specific situation — contact Joseph for a no-cost strategy session tailored to your property and goals.
What makes Long Island City different from other Queens communities?
Long Island City is a long-established community served by the New York City Department Of Education. Prices and activity vary by property type, school district, condition and price band; the figures above show where this market stands now.
What should buyers know before making an offer in Long Island City?
School district boundaries in Long Island City often run street by street — two blocks can mean a different school zone, so confirming a home's exact attendance zone before you make an offer matters. As an Associate Broker who is also an attorney, Joseph reads title and contract details differently than most agents — and when the facts of a deal are in front of him, he knows what's worth asking about. (Not a substitute for your own attorney's representation.)
Is Long Island City walkable for everyday living?
Long Island City has a Walk Score of 74/100, measured at a single point near the centre of Long Island City. Walkability varies street by street, so check the score for a specific address.
Planning a Move to Long Island City?
Get the Long Island City Relocation Guide — schools, commute options, live market data, and insider neighborhood details compiled by an Associate Broker who is also an attorney.
Long Island City is served by the New York City Department Of Education. Attendance zones in New York City are assigned street by street, so a Long Island City mailing address does not by itself determine which school a home is zoned for.
Individual school assignments in New York City Department Of Education are made street by street.
Contact the district for building assignments, or ask us to confirm the zone for a specific address.
Long Island City Schools — Frequently Asked Questions
What school district serves Long Island City?
Long Island City is served by the New York City Department Of Education. District boundaries in New York City often run street by street, so we confirm the district and attendance zone for a specific address before you make an offer.
Searching for homes near a specific school?
School district boundaries in New York City often run street by street, so a Long Island City mailing address doesn't guarantee a given school. We confirm a home's exact attendance zone before you make an offer.
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 10, 2026 7:45 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
25 closed sales found.
Recent transactions provide real-world context for current market values.
For a full Comparative Market Analysis of your property,
request a complimentary CMA.
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Address
Type
Beds / Ba
Sq Ft
Closed
Sale Price
$/Sq Ft
DOM
2401 queens Plaza N #1104, Long Island City, NY 11101
Expert answers to the most common questions about buying and selling in Long Island City.
How much does it cost to buy a home in Long Island City?
Condos in Long Island City sold for a median of about $845,000 in the 12 months to September 10, 2026, across 26 closed sales, up 1% from the 12 months before. Their median recorded property-tax bill was about $7,300 a year. New York State's 1% mansion tax does not apply at that price; it starts at $1 million. The State's 0.4% base transfer tax is paid by the seller. Lender, title-insurance and attorney charges depend on the loan and the contract, so they are not included here. Sources: OneKey® MLS closed sales; tax rates from the NYS Department of Taxation and Finance.
What are property taxes like in Long Island City, and can they be lowered?
Long Island City's median property-tax bill runs about $7,300/year. Can they be lowered? Sometimes. You can file a tax grievance — formally a tax certiorari proceeding — that challenges the assessed value your bill is calculated from. There's no guarantee of a reduction, it can take roughly two years to show up on your bill, and even a successful challenge may move the number only modestly. Many homeowners still pursue it, and a number of firms will handle the filing for a share of the first year's savings. It's worth reviewing for your specific home, and Joseph can pull a property's full tax history before you make an offer. If taxes are a deciding factor, you can also filter for lower-tax communities and compare.
What is the LIRR commute from Long Island City to Manhattan?
Most Long Island City commuters use the Long Island City station on the LIRR. If you want options, nearby stations include Woodside (about 10 min to Penn) — handy for trading a shorter drive for a faster train. View LIRR schedules and fares.
How are the schools in Long Island City?
Long Island City is served by the New York City Department Of Education. School attendance zones can run street by street, so an address in Long Island City doesn't automatically put a home in a given school. Because that distinction can affect both your child's school and the home's resale value, Joseph checks the specific attendance zone for any home you're seriously considering before you make an offer.
Why work with Joseph DeVito to buy or sell in Long Island City?
Joseph DeVito doesn't just help people buy and sell homes — he's spent over a decade hands-on renovating them. Alongside 5,000+ transactions, that renovation experience means he's worked through layout, design, and functionality decisions and lived with the timelines, costs, and pitfalls of a project — so he walks a home with a renovator's eye for craftsmanship and condition and can show buyers where to look closely. As a licensed attorney (though not your attorney on the transaction), he also reads a deal differently than most agents: when the facts of a transaction are in front of him, he understands the contract and title questions worth asking. His background also includes deep foreclosure and distressed-sale experience. In a divorce or estate sale, he can orient you and then coordinate with your matrimonial or estate representative for the legal specifics outside an agent's role. He's also genuinely responsive. It's an uncommon mix, and clients are generally better served by it. (Joseph represents you as your agent through Keller Williams; this is not legal representation and does not create an attorney-client relationship.)
Are sellers cutting prices in Long Island City?
15 of the 68 homes for sale in Long Island City are asking less than they originally asked (22.1%), against 34.0% across Queens. Among homes that actually sold there in the last twelve settled months, 22.2% had cut before selling. Updated daily from the OneKey MLS feed.
What counts as a price reduction on this page?
A home is counted as reduced when its current asking price is lower than the price it was first listed at. It is not based on an estimate, on a valuation, or on what similar homes are worth — only on the seller's own two numbers, their original asking price and their current one.
Are price cuts in Long Island City becoming more or less common?
22.2% of the 45 homes that sold in Long Island City over the last twelve settled months had reduced their price before selling, compared with 19.0% over the same twelve months a year earlier. The two periods cover the same calendar months, because price cutting is strongly seasonal.
Do homes that cut their price in Long Island City sell for less?
Over the last twelve settled months in Long Island City, the 35 homes that sold without ever reducing achieved 98.1% of their asking price, and the 10 that reduced achieved 93.7% of what they first asked. These are different homes priced differently from the start, so the difference describes the two groups rather than the effect of a reduction.
Joseph DeVito is a New York Licensed Associate Real Estate Broker and a New York attorney. He does not act as both broker and attorney on the same transaction: here he acts as a real estate broker only, and he is not your attorney. Real estate services provided through Keller Williams Realty Greater Nassau are not legal representation. Everything on this site is general information for educational purposes only. It is not legal advice, it creates no attorney-client relationship, and it should not be relied on as legal advice — for advice about your own situation, consult your own attorney.
Long Island City’s median sale price of about $843K sits about 12% above the Queens median of about $750K. These are whole-county figures over a settled trailing 12 months — the same data behind our full Queens reports.
County medians describe the wider market, not any specific property, and are not a valuation of a home in Long Island City.
08 — Explore More
Queens Markets Priced Like Long Island City
Other Queens communities whose current median sale price sits closest to Long Island City's — a practical way to see what the same budget buys elsewhere.
Live OneKey MLS medians from recent closed sales, refreshed daily. Market condition reflects months of supply. Figures describe each market, not any specific home.
Didn't find what you're looking for?
Search all Queens communities or browse by price range.
Ready to Make a Move in Long Island City?
Buy or Sell in Long Island City, NY With an Associate Broker Who Knows Which Questions to Ask
Joseph DeVito has been part of more than 5,000 closed transactions across Nassau County, Suffolk County, Queens, and Brooklyn. As an Associate Broker who is also an attorney, he reads a deal differently than most agents — and when the facts of your Long Island City deal are in front of him, he knows the contract and title questions worth asking.
