Long Island City, NY 11102 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator, median sold price, is not available in the provided metrics; this absence may reflect sample limitations or a data refresh lag that prevents a definitive transaction-based valuation at this snapshot.
2. Local pricing momentum shows the price year-over-year trend is up, while the market temperature is neutral — balanced market conditions appear to persist, with pricing gains tempered by equilibrium between buyer and seller signals and moderate transaction velocity.
3. Rents are a clear support for valuation: the median market rent is 3,250, and the rent year-over-year trend is up — this combination suggests continuing rental demand that can underpin condo and SFR pricing in the near term.
4. Interest-driven affordability is a material constraint: interest rate pressure is elevated and local 30-year fixed mortgage rates average 6.63%, elevated interest rate pressure that may limit buyer purchasing power and prolong negotiations despite upward price trends.

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.