Ely, MN Housing Market
The Ely housing market is somewhat competitive. The median sale price of a home in Ely was $187K last month, down 4.0% since last year. The median sale price per square foot in Ely is $108, down 7.3% 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
- Some homes get multiple offers.
- The average homes sell for about 7% below list price and go pending in around 50 days.
- Hot homescan sell for about 1% below list price and go pending in around 31 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 9 months
- Multiple offers are rare.
- The average homes sell for about 5% below list price and go pending in around 49 days.
- Hot homescan sell for around list price and go pending in around 16 days.
Ely Migration & Relocation Trends
View houses in Ely that sold recently
Recently sold homes
- $51,000 Last Sold Price—beds—baths—sq ft24xx E Pioneer Rd, MN 55804List Price$74,900Sale to List32% under listDays on Market229 days24xx E Pioneer Rd, MN 55804
- $875,000 Last Sold Price3 beds3 baths2,187 sq ft105 Klondike Dr, Ely, MN 55731List Price$950,000Sale to List8% under listDays on Market135 days105 Klondike Dr, Ely, MN 55731
- $364,000 Last Sold Price3 beds2 baths—sq ft236 E Ahola Rd, Ely, MN 55731List Price$369,000Sale to List1% under listDays on Market53 days236 E Ahola Rd, Ely, MN 55731
- $420,000 Last Sold Price1 bed1 bath1,440 sq ft2137 Deer Ridge Rd, Ely, MN 55731List Price$449,900Sale to List7% under listDays on Market163 days2137 Deer Ridge Rd, Ely, MN 55731
- $129,000 Last Sold Price1 bed—baths280 sq ft4194 First Lake Rd, Ely, MN 55731List Price$129,000Sale to List0% over listDays on Market149 days4194 First Lake Rd, Ely, MN 55731
- $198,000 Last Sold Price3 beds1.75 baths1,680 sq ft36 Beacon Hill Rd, Ely, MN 55731List Price$205,000Sale to List3% under listDays on Market19 days36 Beacon Hill Rd, Ely, MN 55731
- $50,0002 beds1 bath916 sq ft2326 Passi Rd, Ely, MN 55731List Price—Sale to List—Days on Market—2326 Passi Rd, Ely, MN 55731
- $316,6672 beds—baths840 sq ft1621 Fernberg Rd, Ely, MN 55731List Price—Sale to List—Days on Market—1621 Fernberg 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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