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Market report, updated
Ely Home Values and Market Report
Search in the city of Ely
Market at a glance
Over the last 12 months, homes sold for 94.8% of list price in 170 days on average.
Average price, last 12 months
What sellers asked vs. what homes actually sold for, by closing month.
Homes sold per month
Closed sales, last 12 months.
Peak: 5 sales in Jul. Last month: 4.
Where the market stands
All homes in this report, by status.
Buyer's or seller's market?
Months it would take to sell every active home at the pace of the last 6 months.
Buyers have room to negotiate in this market.
Average price by status
Average days on market
Browse homes by status
Choose a status to see its numbers, charts and listings.
Active homes
Currently for salePrice vs. living area
Each dot is a home. Hover a dot for its address, click it to see the home.
6 homes didn’t report living area and aren’t shown.
How long homes have been listed
Number of homes by days on market.
Bedroom mix
Number of homes by bedroom count.
4 homes didn’t report bedrooms and aren’t shown.
Highest price per ft²
Top 7 homes in this status.
All active listings
Every home in this list is on the map. Click a marker for the home.
| Address | Beds | Baths | Living ft² | List price | $ / ft² | Days on market |
|---|---|---|---|---|---|---|
| 3692 Mackie RoadEly, MN 55731 | 1 | 1 | 836 | $695,000 | $831 | 22 days |
| 825 Kawishiwi TrailEly, MN 55731 | 3 | 2 | 1,378 | $865,000 | $627 | 27 days |
| 3547 Norway LaneEly, MN 55731 | 3 | 1 | 1,400 | $378,000 | $270 | 27 days |
| 2793 Wolf Track TrailEly, MN 55731 | 2 | 1 | 998 | $409,900 | $410 | 48 days |
| 302 E Sheridan StreetEly, MN 55731 | — | — | — | $995,000 | — | 67 days |
| 4704 Highway 169Ely, MN 55731 | 1 | — | 290 | $169,000 | $582 | 73 days |
| 1756 Grant Mcmahan BoulevardEly, MN 55731 | 3 | 3 | 1,427 | $699,000 | $489 | 96 days |
| 1499 E Miners Drive EEly, MN 55731 | 3 | 3 | 3,880 | $1,275,000 | $328 | 107 days |
| 2331-1 Old HIghway 169Ely, MN 55731 | 1 | 1 | 720 | $379,000 | $526 | 117 days |
| 1111 E Camp StreetEly, MN 55731 | 3 | 1 | 1,238 | $155,000 | $125 | 128 days |
Sold homes
Closed in the last 12 monthsPrice vs. living area
Each dot is a home. Hover a dot for its address, click it to see the home.
5 homes didn’t report living area and aren’t shown.
How long homes took to sell
Number of homes by days on market.
Bedroom mix
Number of homes by bedroom count.
5 homes didn’t report bedrooms and aren’t shown.
Highest price per ft²
Top 7 homes in this status.
Sold price vs. list price
How close homes sold to their asking price.
All sold listings
Every home in this list is on the map. Click a marker for the home.
| Address | Beds | Baths | Living ft² | Sold price | Sold / list | $ / ft² | Days to sell | Sold date |
|---|---|---|---|---|---|---|---|---|
| 417 Barrel RoadEly, MN 55731 | — | — | — | $270,000 | 98.4% | — | 187 days | Nov 3, 2026 |
| 623 E Pattison StreetEly, MN 55731 | 2 | 2 | 925 | $116,000 | 92.8% | $125 | 37 days | Nov 2, 2026 |
| 304 E James St BypassEly, MN 55731 | 3 | 2 | 1,492 | $215,000 | 100.0% | $144 | 136 days | Oct 15, 2026 |
| 1648 Golden Ridge TrailEly, MN 55731 | — | — | — | $149,000 | 96.8% | — | 104 days | Oct 13, 2026 |
| 2641 Priests Point RoadEly, MN 55731 | 4 | 3 | 2,900 | $331,000 | 91.9% | $114 | 170 days | Oct 7, 2026 |
| 2734 Bear Island River RoadEly, MN 55731 | 2 | 2 | 1,172 | $418,000 | 88.0% | $356 | 184 days | Oct 1, 2026 |
| 5250 Mud Creek RoadEly, MN 55731 | 2 | 1 | 825 | $449,500 | 100.0% | $544 | 48 days | Sep 29, 2026 |
| 3297 Burntside Lake NWEly, MN 55731 | 1 | 1 | 800 | $615,000 | 95.3% | $768 | 1,960 days | Sep 18, 2026 |
| 2581 Hallmark DriveEly, MN 55731 | 4 | 2 | 2,457 | $375,000 | 91.7% | $152 | 43 days | Sep 15, 2026 |
| 2050 ShipmanEly, MN 55731 | 2 | — | 459 | $290,000 | 88.1% | $631 | 135 days | Aug 12, 2026 |
Questions about this market?
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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.
Next steps
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.