Ely, IA Housing Market

Homes for sale

The Ely housing market is somewhat competitive. The median sale price of a home in Ely was $319K last month, up 16.5% since last year. The median sale price per square foot in Ely is $110, down 23.8% since last year.

Trends
Demand
Migration
Schools
Climate

Ely Housing Market Trends

What is the housing market like in Ely today?

In October 2024, Ely home prices were up 16.5% compared to last year, selling for a median price of $319K.

$310K

Sale Price

+8.8%
since last year

$110

Sale $/Sq. Ft.

-23.8%
since last year

Under List Price

1.9%

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 somewhat competitive. Homes sell in 43 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 43 days.
Hot homes
can sell for around list price and go pending in around 13 days.

Compare With Nearby Cities

Iowa City

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 59 days.
Hot homes
can sell for around list price and go pending in around 32 days.

Cedar Rapids

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 18 days.
Hot homes
can sell for around list price and go pending in around 4 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 DEC 12, 2024
3D & VIDEO TOUR
$800,000 Last Sold Price
4 beds
4 baths
4,403 sq ft
769 Palisades Access Rd, Ely, IA 52227
List Price
$825,000
Sale to List
3% under list
Days on Market
70 days
769 Palisades Access Rd, Ely, IA 52227
SOLD NOV 22, 2024
$125,000 Last Sold Price
3 beds
1 bath
1,740 sq ft
1645 Main Street St, Ely, IA 52227
List Price
$145,000
Sale to List
14% under list
Days on Market
151 days
1645 Main Street St, Ely, IA 52227
SOLD NOV 8, 2024
$1,050,000 Last Sold Price
5 beds
4 baths
3,252 sq ft
2076 Rogers Creek Road Rd, Ely, IA 52227
List Price
$1,200,000
Sale to List
13% under list
Days on Market
109 days
2076 Rogers Creek Road Rd, Ely, IA 52227
SOLD NOV 7, 2024
$695,000 Last Sold Price
6 beds
3.5 baths
4,069 sq ft
4425 Plumberry Rd Rd, Ely, IA 52227
List Price
$699,900
Sale to List
1% under list
Days on Market
58 days
4425 Plumberry Rd Rd, Ely, IA 52227
SOLD NOV 4, 2024
$494,900 Last Sold Price
3 beds
3.5 baths
3,294 sq ft
1885 Rogers Creek Rd, Ely, IA 52227
List Price
$494,900
Sale to List
0% over list
Days on Market
74 days
1885 Rogers Creek Rd, Ely, IA 52227
SOLD OCT 29, 2024
$169,000 Last Sold Price
2 beds
1.5 baths
1,305 sq ft
1835 Wrigley St, Ely, IA 52227
List Price
$170,000
Sale to List
1% under list
Days on Market
68 days
1835 Wrigley St, Ely, IA 52227
SOLD OCT 28, 2024
$405,000 Last Sold Price
5 beds
3 baths
2,982 sq ft
1945 Meadowhill Pl, Ely, IA 52227
List Price
$424,900
Sale to List
5% under list
Days on Market
93 days
1945 Meadowhill Pl, Ely, IA 52227
SOLD OCT 25, 2024
$164,000 Last Sold Price
2 beds
1 bath
864 sq ft
1520 Plain View Rd, Ely, IA 52227
List Price
$168,000
Sale to List
2% under list
Days on Market
36 days
1520 Plain View Rd, Ely, IA 52227
See all recently sold homes in Ely.
See listings

Schools in Ely

Learn about schools in the Ely area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

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.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

99% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

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