Ely, MN Housing Market

The Ely housing market is not very competitive. The median sale price of a home in Ely was $81K last month, down 59.4% since last year. The median sale price per square foot in Ely is $58, down 73.2% since last year.

Trends
Demand
Migration
Schools
Climate

Ely Housing Market Trends

What is the housing market like in Ely today?

$81K

Sale Price

-59.4%
since last year

$58

Sale $/Sq. Ft.

-73.2%
since last year

Under List Price

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Ely and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Ely add value to a home.

How hot is the Ely housing market?

Ely is not very competitive. Homes sell in 36 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 36 days.
Hot homes
can sell for about 1% below list price and go pending in around 10 days.

Compare With Nearby Cities

Babbitt

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 5% below list price and go pending in around 50 days.
Hot homes
can sell for around list price and go pending in around 20 days.

See more nearby cities and neighborhoods

Ely Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Ely that sold recently

Recently sold homes

SOLD NOV 27, 2024
$97,000 Last Sold Price
3 beds
1.5 baths
1,031 sq ft
15 Conan St, Ely, MN 55731
List Price
$100,000
Sale to List
3% under list
Days on Market
35 days
15 Conan St, Ely, MN 55731
SOLD NOV 26, 2024
$75,000
—beds
—baths
—sq ft
List Price
—
Sale to List
—
Days on Market
—
Property in MN
SOLD NOV 22, 2024
$208,000
3 beds
2 baths
1,176 sq ft
820 E Harvey St, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
—
820 E Harvey St, Ely, MN 55731
SOLD NOV 22, 2024
$345,000
3 beds
2 baths
1,040 sq ft
2510 Smolen Ln, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
—
2510 Smolen Ln, Ely, MN 55731
SOLD NOV 21, 2024
$65,000 Last Sold Price
4 beds
1 bath
—sq ft
825 E Chapman St, Ely, MN 55731
List Price
$75,000
Sale to List
13% under list
Days on Market
135 days
825 E Chapman St, Ely, MN 55731
SOLD NOV 18, 2024
$160,000
2 beds
—baths
1,008 sq ft
2413 Grant McMahan Blvd, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
—
2413 Grant McMahan Blvd, Ely, MN 55731
SOLD NOV 18, 2024
$280,000 Last Sold Price
3 beds
2 baths
—sq ft
2000 Highway 169, Ely, MN 55731
List Price
$329,000
Sale to List
15% under list
Days on Market
150 days
2000 Highway 169, Ely, MN 55731
SOLD NOV 18, 2024
$190,000
3 beds
2 baths
1,360 sq ft
138 E Pattison St, Ely, MN 55731
List Price
—
Sale to List
—
Days on Market
—
138 E Pattison St, Ely, MN 55731
See all recently sold homes in Ely.
See listings

Schools in Ely

Learn about schools in the Ely area

Elementary
Middle
High

GreatSchools Rating

7/10

Washington Elementary School

Public • PreK-5

250

Students

8 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

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.

Heat Factor - Minimal

100% of properties are at minimal risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Ely

Nearby City Housing Markets

Zip Code Housing Markets

55731 Housing Market

Nearby City Listings

Zip Code Listings

55731 Real Estate

Rentals

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

Ely, MN Housing Market

Ely Housing Market Trends

How hot is the Ely housing market?

Ely Migration & Relocation Trends

View houses in Ely that sold recently

Recently sold homes

Schools in Ely

GreatSchools Rating

Climate's impact on Ely housing

Flood Factor - Minor

Flood Factor

Fire Factor - Moderate

Fire Factor

Wind Factor - Minimal

Wind Factor