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City / Town Overview

Ely, IA

Aggregate real estate market report across all ZIPs in scope
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Ely, IA real estate market currently shows 18 active listings, with 5 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 21 days on market compared to 68 days last year.

The median listing price has fallen 3.6% year-over-year, from $354,900 to $342,225.

Whether you are buying or selling in Ely, IA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,825  ·  Density: 37.1/mi²  ·  Median household income: $98,859

Typical home value: $293,133  ·  Homeownership: 82.7%

Included Areas

Ely: 52227

Area Map

Market Overview

Active Listings
18
⇩ 43.8% vs 32 last year
Pending
5
28% pending ratio
Median Price
$342,225
⇩ 3.6% vs $354,900 last year
Average Price
$538,598
⇧ 37.2% vs $392,519 last year
Days on Market
21
⇩ 69.1% vs 68 days last year

Price Per Square Foot

Median $/sqft
$311
⇧ 42.7% vs $218/sqft last year
Median Home Size
1,386 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %