Comprehensive market data and analysis• Updated Oct 2026
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 2 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 2 |
Acreage buckets
The median price for land in Long Island City, New York is currently $36.6M per acre. For a typical parcel, the median sale price is $8.3M. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $3.0M while premium lots reached $13.7M.
Long Island City, New York is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Long Island City, New York currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The median land price in Long Island City, New York stands at $8.3M. This translates to roughly $36.6M per acre for the typical parcel size.
The 3-month absorption rate in Long Island City, New York is 16.7%. The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 2 active listings in Long Island City, New York. The median asking price is $4.0M.
The current absorption rate in Long Island City, New York is 16.7% (3-month basis), indicating strong demand. The top-performing broker in this market is Halvatzis Realty Group LLC.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Long Island City on LandyDandy.
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