In May 2020, there were two homes sold, with a median sale price of $290,500 - a 34.6% increase over the $215,750 median sale price for the same period of the previous year. There were 12 homes sold in Ely in May 2019.
The median sales tax in Ely for the most recent year with available data, 2017, was $3,270, approximately 1.1% of the median home sale price for May 2020.
The following table compares Ely to other Linn County cities with similar median sales prices in May 2020:
| City | May 2020 Home Sales | May 2019 Home Sales | % change (Total Home Sales) | May 2020 Median Sales Price | May 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Alburnett | 2 | 1 | 100% | $318,650 | $158,200 | 101.4% |
| Mount Vernon | 1 | 6 | -83.3% | $310,000 | $197,500 | 57% |
| Ely | 2 | 12 | -83.3% | $290,500 | $215,750 | 34.6% |
| Lisbon | 3 | 3 | 0% | $290,000 | $216,000 | 34.3% |
| Fairfax | 5 | 8 | -37.5% | $290,000 | $202,450 | 43.2% |
| Robins | 3 | 7 | -57.1% | $245,000 | $251,200 | -2.5% |
| Springville | 2 | 5 | -60% | $237,500 | $125,000 | 90% |
| Hiawatha | 4 | 18 | -77.8% | $182,000 | $163,850 | 11.1% |
| Palo | 2 | 4 | -50% | $180,000 | $194,500 | -7.5% |
| Walker | 2 | 2 | 0% | $175,250 | $122,500 | 43.1% |
| Cedar Rapids | 164 | 274 | -40.1% | $143,500 | $140,000 | 2.5% |
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