Is Long Island City, NY 11101 a buyer’s or seller’s market?

The Long Island City housing market right now

In the three months ending August 31, 2026, 6% of homes in Long Island City, NY 11101 sold above their list price, the typical home went under contract in 119 days and there were 6.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 80 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 9%, homes sold more slowly (69 days then) and the median sale price held steady to $1,059,542. Overall, Long Island City is less competitive than a year ago, which gives buyers more room.

Within Queens County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 93%. On our competition score, Long Island City ranks #624 of 649 NY ZIP codes with enough sales (score 18 out of 100).

Nearby, buyers who want less competition could look at Breezy Point 11697 (0% sold over asking) or Floral Park 11005 (0% sold over asking), while Saint Albans 11412 (45% sold over asking) and Cambria Heights 11411 (44% sold over asking) are even more competitive.