Long Island City, NY 11102 Real Estate Market Report

ZIP Code: 11102
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price is the primary indicator of market value and recent transaction activity in ZIP 11102; recent data suggests pricing is broadly moving with the market's upward momentum rather than diverging from closed transactions. neutral market temperature appears consistent with balanced buyer-seller interactions, so expect negotiated outcomes to reflect transaction-level comps rather than headline asking prices.

2. Local rents are firm: the median market rent: 3,200 and a rent year-over-year trend: up indicate strengthening rental demand, which may support price resilience for condominium units that compete with the rental market. up

3. Price movement in sales is showing upside: the price year-over-year trend: up signals ongoing appreciation in sold prices, but with a market temperature: neutral the pace is moderate—this suggests sellers should price with realistic comps and buyers should expect some competition without overheating. up

4. Market participants are operating under tighter financing conditions: interest rate pressure: elevated is a negative signal for affordability and may increase hold-times or prompt discounting to close deals quickly; strategies that emphasize financing flexibility or rent-to-own options may improve transaction odds. elevated

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Notable Properties

The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Long Island City, NY 11102 Real Estate Market Report

ZIP Code: 11102
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary indicator of market value is the median sold price of 744,000, which anchors a market showing moderate appreciation given that broader price trends are up.

2. Liquidity appears muted: the median days on market is 267, which suggests slower sales velocity and pricing friction despite recent transaction activity.

3. Unit-level pricing shows a median price per square foot of 1,150, indicating premium urban pricing that may constrain move-up buyers and encourages sellers to set expectations near that level; market conditions are described as neutral.

4. Rental dynamics and financing pressures are relevant: the median market rent is 3,130 and rent trends are up, while interest rate pressure is elevated (elevated), which may lengthen time-to-contract and push some owners to favor rentals over sales.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.