The typical home value in
Ely
is projected to be
$339,090
for the month of
July.
June’s
finalized data reported the typical value of a home in the
city
to be
$379,900—up
14.08%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$239,500
in
Linn County
for the most recent reporting period.
That number is expected to float around
$239,250
in
July.
Ely
had
3
new listings and
1
listings that went under contract in
June,
decreasing
the area’s total available inventory to
16—down
0.0%
from the previous month. Inventory is projected to have further
decreased
in
July.
Of those
16
active listings,
25.0%
reduced their price in the month of
June.
The median listing price for homes in
Ely
grew
10.78%
from
May
to
June,
bringing the current median listing price to
$350,000.
Based on projected data for
July,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
June 2025,
the median time for a listed property to go pending was
63
days, compared to
92
days in
June 2024.
However, in recent months the median number of days from listed to pending appears to be
rising.
That trend is predicted to have carried through to this
July.
