Ely, MN Housing Market
The Ely housing market is not very competitive. The median sale price of a home in Ely was $799K last month, up 458.7% since last year. The median sale price per square foot in Ely is $185, up 90.7% since last year.
Ely Housing Market Trends
since last year
since last year

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How hot is the Ely housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
- Multiple offers are rare.
- The average homes sell for about 4% below list price and go pending in around 93 days.
- Hot homescan sell for around list price and go pending in around 55 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
- Some homes get multiple offers.
- The average homes sell for about 7% below list price and go pending in around 33 days.
- Hot homescan sell for about 1% below list price and go pending in around 12 days.
Ely Migration & Relocation Trends
View houses in Ely that sold recently
Recently sold homes
- Unknown Last Sold Price—beds—baths—sq ftXXX2 Powerhouse Trl, Ely, MN 55731List Price—Sale to List—Days on Market227 daysXXX2 Powerhouse Trl, Ely, MN 55731
- Unknown Last Sold Price—beds—baths—sq ft740 Halfway Rd, Ely, MN 55731List Price—Sale to List—Days on Market63 days740 Halfway Rd, Ely, MN 55731
- Unknown Last Sold Price—beds—baths—sq ft3596 Lake Four Rd Rd W, Ely, MN 55731List Price—Sale to List—Days on Market21 days3596 Lake Four Rd Rd W, Ely, MN 55731
- Unknown Last Sold Price—beds—baths—sq ftXXX1 Powerhouse Trl, Ely, MN 55731List Price—Sale to List—Days on Market227 daysXXX1 Powerhouse Trl, Ely, MN 55731
- $525,000 Last Sold Price2 beds1 bath1,283 sq ft2890 Ccc Camp Rd, Ely, MN 55731List Price$549,500Sale to List4% under listDays on Market59 days2890 Ccc Camp Rd, Ely, MN 55731
- Unknown Last Sold Price—beds—baths—sq ft3168 Wolf Lake Rd, Ely, MN 55731List Price—Sale to List—Days on Market36 days3168 Wolf Lake Rd, Ely, MN 55731
- Unknown Last Sold Price—beds—baths—sq ft2125 Sibley Ct, Ely, MN 55731List Price—Sale to List—Days on Market93 days2125 Sibley Ct, Ely, MN 55731
- $380,000 Last Sold Price3 beds2 baths—sq ft9330 Birch Lake Rd, Ely, MN 55731List Price$369,000Sale to List3% over listDays on Market24 days9330 Birch Lake Rd, Ely, MN 55731
See all recently sold homes in Ely.
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Schools in Ely
- Elementary
- Middle
- High
GreatSchools Rating
5/10 Washington Elementary School Public • PreK-5 | 225 Students | 8 reviews |
Climate's impact on Ely housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Ely.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minimal
Wind Factor

Heat Factor - Minimal
Heat Factor

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