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 rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$1,189,053.67
Average price last 6 months
$1,399.33
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Long Island City has increased during the last 6 months. In April, the average price per sq.feet was $1,297. In May this price pretty much remained the same at a value of $1,261 per sq.feet. The price for the following two months in (June, July) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 137 % 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 $1,244.75 to $1,708.5 during August, and September.

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 April, the average price is $1,216,377. In May This price remains at $1,163,106. In the following two months the average price has remained the same with regard to the previous two months from $1,189,741.5 to $1,145,392. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.

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 $1,245,571 they are 34 % more affordable than the average price for Long Island City. The properties with the highest average price have 3 bedrooms, Their price is 66 % more costly than the average. After that we have properties with 2 bedrooms priced at $1,439,000.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $3,725 / sq.feet, with an average $2,142 / sq.feet price in Long Island City. The properties with the highest average prices have 4 bedrooms. They are 624 % more expensive than the average followed by properties with 3 bedrooms with a price at $5,492 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $1,245,571 it is 23 % cheaper than the average price in Long Island City. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $1,149,262 it is 7 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $898 / sq.feet followed by "House" priced at $15,435 / sq.feet. "Apartment" is the most costly type of property with a $15,515 / sq.feet cost followed by "House" with an average price of $15,435 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Long Island City
Number of properties used in region New York
$1,245,571
$2,142
342
326,886
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value