Ely, IA Housing Market

$352,898

1.9% 1-yr

The average Ely, IA home value is $352,898, up 1.9% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Ely Key Takeaways

Typical Home Values: $352,898

1-year Value Change: +1.9%

(Data through October 31, 2025)

Ely Housing Market Overview

--1-year Market Forecast

9For sale inventory(October 31, 2025)

--New listings(October 31, 2025)

--Median sale to list ratio

--Median sale price(September 30, 2025)

--Median list price(October 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Ely

NameMedian ZHVI
Cedar Valley$195,398
Lincolnway Village$194,294
Oakhill Jackson$143,649
Wellington Heights$123,902
Taylor$131,057
Mound View$137,476
Kenwood Park$158,923
Noelridge Park$166,238
Cedar Hills$192,793

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Ely Rental Market Trends

--Average rent in Ely

$1,949National average rent(October 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.