Condos for sale in Ely, MN

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Ely, MN Real Estate Market Overview

The inventory of homes for sale in Ely, MN between March 2025 and April 2025 increased by 3.8%. In April 2025 median list price was $237,000 and the average listing age was 48 days. In April 2025, from all listings sold in Ely, MN there were more than 2 sold above asking price, over 6 sold below and more than 0 were sold right at the asked price.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Ely, MN

Ely is located in Lake County, Minnesota. There are roughly 6,087 residents, living in 2,946 households. The average temperature for Ely this time of the year is low of 38F and high of 65F. On average, Ely gets about 2.85 inches of precipitation in May. Most residents are home owners (80%), have a post secondary degree (60%) and are single, no kids (47%).

Data provided by Home Junction

Schools near Ely, MN

Elementary Schools

  • Washington Elementary School

    600 E Harvey St

    Public District PK-5

Middle Schools

  • Memorial Middle School

    600 E Harvey St

    Public District 6-8

High Schools

  • Memorial High School

    600 E Harvey St

    Public District 9-12

Data provided by Great Schools

Housing market reports in Lake County

Homes for sale near Ely, MN

Top real estate cities in Minnesota

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1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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