Is Long Island City, NY 11109 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Long Island City is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Long Island City housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Queens County, NY

Population	7,948
Median income	$204,885
Average income	$249,103
Median home value	$525,300
Median rent	$3,500+/month*
Owner-occupied	19% of homes
Median year built	2010

Natural hazard riskExtreme heat (relatively high), flooding (moderate), winter storms (moderate)

* The Census Bureau doesn’t publish exact figures above $250,000 for household income, $2,000,000 for home values or $3,500 for monthly rent; it reports them as “or more.”

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 11109; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 11109

Prefilled for 11109Can I win this house?Multiple-offer likelihood for a listing Prefilled for 11109Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arverne 11692Buyer’s market $331 /sq ft Astoria 11102Buyer’s market $1,126 /sq ft Astoria 11103Balanced $728 /sq ft Astoria 11105Buyer’s market $725 /sq ft Browse all markets →

Towns like Long Island City nearby

Find towns like Long Island City in other states →

Jersey City, NJ07310 · 5 miles away77% similarpricier homes ($319K more) · larger Jersey City, NJ07302 · 5 miles away63% similarlower income ($30K less) · pricier homes ($340K more) New York, NY10018 · 2 miles away60% similarlower income ($59K less) · pricier homes ($520K more) New York, NY10280 · 4 miles away56% similarpricier homes ($451K more) · older residents

Where Long Island City is

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Questions about Long Island City real estate

What are property taxes in Long Island City?

About 0.87% of a home’s value a year in Queens County, or roughly $3,480 on a $400,000 home.

Local agents

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More tools for 11109

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Queens County property taxes Queens County loan limits Closing costs in New York Hottest ZIP codes in New York

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology