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 5% below list price and go pending in around 93 days.
- Hot homescan sell for about 1% below list price and go pending in around 37 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 33 days.
- Hot homescan sell for about 2% below list price and go pending in around 18 days.
Ely Migration & Relocation Trends
View houses in Ely that sold recently
Recently sold homes
- $325,000 Last Sold Price3 beds3 baths—sq ft1340 Hidden Valley Rd, Morse Twp, MN 55731List Price$350,000Sale to List7% under listDays on Market292 days1340 Hidden Valley Rd, Morse Twp, MN 55731
- $272,000 Last Sold Price4 beds2 baths2,367 sq ft11 Ahola Rd, Ely, MN 55731List Price$280,000Sale to List3% under listDays on Market62 days11 Ahola Rd, Ely, MN 55731
- $115,000 Last Sold Price2 beds1 bath1,008 sq ft110 2nd Ave, Winton, MN 55796List Price$145,000Sale to List21% under listDays on Market120 days110 2nd Ave, Winton, MN 55796
- $51,000 Last Sold Price3 beds1 bath930 sq ft445 Washington St, Ely, MN 55731List Price$65,000Sale to List22% under listDays on Market58 days445 Washington St, Ely, MN 55731
- $780,000 Last Sold Price2 beds2 baths1,760 sq ft2009 Pine Tree Trl, Ely, MN 55731List Price$840,000Sale to List7% under listDays on Market39 days2009 Pine Tree Trl, Ely, MN 55731
- $250,000 Last Sold Price2 beds2 baths810 sq ft23 E Boundary St, Ely, MN 55731List Price$269,000Sale to List7% under listDays on Market287 days23 E Boundary St, Ely, MN 55731
- $285,000 Last Sold Price3 beds2 baths1,704 sq ft1 W Railroad St, Ely, MN 55731List Price$297,500Sale to List4% under listDays on Market52 days1 W Railroad St, Ely, MN 55731
- $400,000 Last Sold Price2 beds1 bath864 sq ft3872 Mud Creek Rd, Ely, MN 55731List Price$384,900Sale to List4% over listDays on Market74 days3872 Mud Creek 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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