$2,500
3 bd2 ba2,000 sqft
3497 Tamarack Rd
Ely, MN Housing Market
$272,557
0.4% 1-yrThe average Ely, MN home value is $272,557, down 0.4% 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.
Ely Key Takeaways
Typical Home Values: $272,557
1-year Value Change: -0.4%
(Data through June 30, 2025)
Ely Housing Market Overview
--1-year Market Forecast
52For sale inventory(June 30, 2025)
14New listings(June 30, 2025)
--Median sale to list ratio
--Median sale price(May 31, 2025)
$339,500Median list price(June 30, 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.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Ely
- NameMedian ZHVI
- Arnold$311,462
- North Shore$352,805
- Morley Heights/Parkview$375,132
- Woodland$312,711
- Lakeside/Lester Park$319,833
- Hunters Park$384,959
- Kenwood$319,671
- Congdon Park$498,616
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Ely Rental Market Trends
--Average rent in Ely
$2,069National average rent(June 30, 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.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
