Ely, MN Housing Market
The Ely housing market is not very competitive. The median sale price of a home in Ely was $161K last month, down 23.3% since last year. The median sale price per square foot in Ely is $138, up 10.4% 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 6 months
- Multiple offers are rare.
- The average homes sell for about 5% below list price and go pending in around 94 days.
- Hot homescan sell for about 2% below list price and go pending in around 41 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 6% below list price and go pending in around 36 days.
- Hot homescan sell for about 1% below list price and go pending in around 14 days.
Ely Migration & Relocation Trends
View houses in Ely that sold recently
Recently sold homes
- $460,000 Last Sold Price2 beds1 bath721 sq ft13436 Bear Paw Trl, Ely, MN 55731List Price$499,000Sale to List8% under listDays on Market50 days13436 Bear Paw Trl, Ely, MN 55731
- $265,000 Last Sold Price3 beds1 bath1,693 sq ft480 Kawishiwi Trl, Ely, MN 55731List Price$289,900Sale to List9% under listDays on Market367 days480 Kawishiwi Trl, Ely, MN 55731
- Unknown Last Sold Price—beds—baths—sq ftXXX4 Powerhouse Trl, Ely, MN 55731List Price—Sale to List—Days on Market289 daysXXX4 Powerhouse Trl, Ely, MN 55731
- $230,000 Last Sold Price3 beds2 baths1,644 sq ft628 E Boundary St, Ely, MN 55731List Price$229,000Sale to List0% over listDays on Market51 days628 E Boundary St, Ely, MN 55731
- $350,000 Last Sold Price3 beds2 baths—sq ft1317 N Highway 21, Ely, MN 55731List Price$385,000Sale to List9% under listDays on Market126 days1317 N Highway 21, Ely, MN 55731
- Unknown Last Sold Price—beds—baths—sq ftTBD Migisi Rd, Ely, MN 55731List Price—Sale to List—Days on Market118 daysTBD Migisi Rd, Ely, MN 55731
- $735,000 Last Sold Price3 beds2 baths2,189 sq ft118 Onigum Trl, Ely, MN 55731List Price$739,000Sale to List1% under listDays on Market76 days118 Onigum Trl, Ely, MN 55731
- Unknown Last Sold Price—beds—baths—sq ftXXX3 Powerhouse Trl, Ely, MN 55731List Price—Sale to List—Days on Market282 daysXXX3 Powerhouse Trl, 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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