4-week rolling average · Data through March 12, 2026 · ZIP 11101
Long Island City's zip code 11101 presents an intriguing pricing dynamic as of March 2026, with a median sale price of $1,850,000 sitting well above the median list price of $1,100,000, suggesting buyers are frequently transacting above asking. With a competition score of 42 out of 100 and a median days on market of 65, the market leans balanced rather than frenetic, giving both buyers and sellers meaningful room to negotiate. Active inventory stands at 322 homes, and the median price per square foot is $1,059.73, reflecting the premium nature of this Queens submarket.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $950K | $4K/mo |
| 2BR | $1.40M | $6K/mo |
| 3BR | $2.25M | $6K/mo |
| 4BR | $2.08M | $1K/mo |
| 5BR | $1.50M | $1K/mo |
| 6BR | $3.98M | — |
| 7BR | $1.40M | — |
Sellers in 11101 benefit from a notable gap between the median list price of $1,100,000 and the median sale price of $1,850,000, indicating that well-positioned properties are commanding strong premiums at closing. With 65 median days on market, sellers should price strategically and allow adequate time for the right buyer to engage.
Buyers in 11101 should be aware that homes are ultimately selling at a median of $1,850,000 despite a median list price of $1,100,000, so budgeting well beyond the asking price is important when evaluating affordability. The 65 median days on market and competition score of 42 suggest there is some breathing room to conduct due diligence, but financing should still be fully prepared before making an offer.
Long Island City offers a median rent of $4,547 and a substantial rental inventory of 1,313 units, pointing to consistent rental demand that can support income strategies in this submarket. However, with a median sale price of $1,850,000 and a median price per square foot of $1,059.73, investors should carefully model cash flow against the current 30-year mortgage rate of 6.37% before committing capital.
The current 30-year fixed mortgage rate of 6.37% and 15-year fixed rate of 5.72% represent significant carrying costs when applied to a median sale price of $1,850,000 in this market. Borrowers who can manage the higher monthly payments of a 15-year loan may benefit from the 0.65 percentage point rate advantage over the 30-year term.
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Market intelligence by FarmPosts