You are reading

LIC and Woodside among best neighborhoods in NYC for buyers in 2025: report

Long Island City was ranked by StreetEasy as the second-best New York City neighborhood for buyers in 2025. Photo via Getty Images.

April 4, 2025 By Ethan Marshall

Long Island City and Woodside are among the top ten New York City neighborhoods with the most significant year-over-year decline in median asking prices and the largest increase in inventory during the first two months of 2025, according to a report from real estate listing site StreetEasy.

Long Island City ranked second on the list, behind only Boerum Hill in Brooklyn. Thanks to a surge in new developments being built in the neighborhood in recent years, there are plenty of properties there, including rent-stabilized apartments and luxury condos.

Thanks to a big boost in affordable homes entering the market in Long Island City, the median asking price in the neighborhood has decreased 22% year-over-year, from $1,262,821 in 2024 to $985,000 in 2025. Over that same period of time, the available inventory of units has gone up 18%, from 167 last year to 197 this year.

Despite the lower median asking price and higher inventory, Long Island City does not have many units that get price reductions. This is due in large part to significant demand persisting in the neighborhood. Through the first two months of 2025, just 7% of the listings in Long Island City had price reductions, compared to 14% across the rest of New York City.

Woodside was ranked eighth on the list of the ten best neighborhoods in New York City for buyers in 2025. It offers a wide range of homes, including co-ops, modern condos, and multifamily homes. Its median asking price of $620,000 was the lowest among all the neighborhoods on the list, 6% lower than the $659,574 median asking price in 2024.

There was a notable increase in new developments in Woodside, which contributed a great deal to a 20% year-over-year jump in inventory, from 141 last year to 169 this year. The share of homes with price cuts, at 12%, was just under the 14% citywide share.

email the author: news@queenspost.com

Featured Events

Post an Event

View All Events…

One Comment

Click for Comments 
Anonymous

They really need to stop publishing this about LIC when it’s not true. It’s so unbelievably overdeveloped with shoddy “luxury” materials.

Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News
Mayor Adams marks one year of ‘Padlock to Protect’ with pizza and progress in Queens

Mayor Eric Adams marked the one-year anniversary of the launch of the city’s “Operation Padlock to Protect” initiative at a pizzeria on the Rego Park and Middle Village border on Wednesday and touted the significant progress in shutting down more than 1,400 illegal smoke shops across the five boroughs and seizing more than $95 million in illegal product since last May.

“The city was fed up. We heard it at every town hall. This time last year, there were thousands of illegal smoke shops plaguing our city with unlicensed cannabis endangering our children,” Adams said. “One year later, we are proud to announce that we have turned the tide. Thanks to the tireless efforts by our city’s law enforcement officers, we’ve padlocked thousands of illegal shops and created safer streets for children and families. But we’re not stopping there.”

Read More
0
Load More Articles