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Ely Housing Market Report March 2025•Linn County, Iowa
Housing Prices in Ely, IA
How much do homes in Ely, IA cost?
Housing Market Conditions
Is Ely, IA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Ely is a Seller's Market
Difference Since February 2025
Last month, Ely was a Neutral Market.
Insight
Ely is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$369,900$231/SqFt
+$18,200
+5.2%
Based on all homes sold in March 2025
Insight
Homes in Ely have sold for 5.2% more than they did a month ago.
Summary: The median home sold price in Ely was $369,900 in March 2025, up 5.2% from last month, and the median price per square foot was $231.
Median Sold Price By Cities
| City | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| Putnam Township | $351.7K | $369.9K | +5.2% |
| Ely | $351.7K | $369.9K | +5.2% |
Median Sold Price By Bedrooms
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | - | $355K | N/A |
| 33 Bedrooms | - | - | N/A |
| 44 Bedrooms | $351.7K | $632.5K | +79.8% |
| 55+ Bedrooms | - | $369.9K | N/A |
Summary: Ely housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +79.8%. The home price for 5 bedroom homes did not change.
How does Ely, IA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Ely, IA
Housing supply in Ely, IA
How many homes are available in Ely, IA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 13Last MonthMar 2025 | ||
| 112 months agoFeb 2025 | +18.2 % Change MoMFeb – Mar |
Summary: The Ely real estate market had 13 homes for sale in Mar 2025, a 18.2 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthMar 2025 | ||
| 22 months agoFeb 2025 | +50.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 0 | -100.0% |
| 22 Bedrooms | 2 | 3 | +50.0% |
| 33 Bedrooms | 4 | 5 | +25.0% |
| 44 Bedrooms | 3 | 2 | -33.3% |
| 55+ Bedrooms | 1 | 3 | +200.0% |
Summary: Ely housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes increased by +200.0%.
Asking Price vs. Sold Price
How much do homes in Ely, IA cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price1 Home
Insight
If you're buying a home in Ely, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ely in March 2025, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.
Days on Market for Ely, IA
How long does it take to sell a home in Ely, IA?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days2 Homes
Insight
Most homes in Ely are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2025, 3 homes were sold in Ely; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 84 DaysLast MonthMar 2025 | ||
| 49 Days1 month agoFeb 2025 | +71.4 % Change MoMFeb – Mar |
Summary: Homes in Ely had an average listing age of 84 days in Mar 2025, up by 71.4% compared to the previous month.
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Newest Listings in Ely, IA
What homes are available in Ely, IA?
Nearby markets
Nearby markets aren't available for Ely, IA
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MLS Disclaimers and Copyright
Based on information from Cedar Rapids MLS, for the period 02/01/2025 - 04/01/2025
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed. Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/24/2025, 11:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.