Property prices for sale in Long Island City (New York)

The prices in real estate in Long Island City, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

$1,204,269.17
Average price last 6 months
$2,508.17
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Long Island City has fallen in the last 6 months. In November, the average price per sq.feet was $2,709. In the following month the price per sq.feet decreased considerably to $1,839. The price for the following two months in (January, February) had a considerable increment of 166 %. The price per sq.feet has had a considerable deflation of 49 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3,024.5 to $1,475.5 during March, and April.

Average price

Based upon to the price in Long Island City (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $1,184,851. In December This price remains at $1,136,238. During the following two months (January, February) the price has had an average incrementation from $1,160,544.5 to $1,248,210.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $1,204,377.5 and $1,204,052.5 between March and April.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,216,871 they are 22 % more affordable than the average price for Long Island City. The properties with the highest average price have 3 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,677,516.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $723 / sq.feet, with an average $1,376 / sq.feet price in Long Island City. The properties with the highest average prices have 3 bedrooms. They are 3053 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,450 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $1,216,871 it is 76 % cheaper than the average price in Long Island City. "Detached House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $1,182,932 it is 6 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $879 / sq.feet followed by "Condo" priced at $1,228 / sq.feet. "Land" is the most costly type of property with a $82,356 / sq.feet cost followed by "Apartment" with an average price of $6,414 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Long Island City
Number of properties used in region New York
$1,216,871
$1,376
860
486,066
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value