In May 2018, there were five homes sold, with a median sale price of $194,172 - a 3.7% decrease over the $201,700 median sale price for the same period of the previous year. There were 10 homes sold in Ely in May 2017.
The median sales tax in Ely for the most recent year with available data, 2017, was $3,269, approximately 1.7% of the median home sale price for May 2018.
The following table compares Ely to other Linn County cities with similar median sales prices in May 2018:
| City | May 2018 Home Sales | May 2017 Home Sales | % change (Total Home Sales) | May 2018 Median Sales Price | May 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palo | 1 | 3 | -66.7% | $265,000 | $200,000 | 32.5% |
| Robins | 9 | 5 | 80% | $231,000 | $239,000 | -3.3% |
| Alburnett | 1 | 1 | 0% | $231,000 | $132,000 | 75% |
| Fairfax | 6 | 7 | -14.3% | $214,500 | $137,000 | 56.6% |
| Hiawatha | 9 | 12 | -25% | $213,000 | $147,000 | 44.9% |
| Ely | 5 | 10 | -50% | $194,172 | $201,700 | -3.7% |
| Marion | 88 | 121 | -27.3% | $190,000 | $188,888 | 0.6% |
| Springville | 2 | 6 | -66.7% | $185,000 | $149,500 | 23.7% |
| Mount Vernon | 3 | 6 | -50% | $180,000 | $157,450 | 14.3% |
| Central City | 7 | 6 | 16.7% | $138,000 | $103,750 | 33% |
| Cedar Rapids | 295 | 301 | -2% | $135,000 | $122,000 | 10.7% |
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