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Sunday, November 24, 2024

First half of 2022: Home prices in Ely increased

Realestate3

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Adobe Stock

The median sale price of a home sold in the first half of 2022 in Ely rose by $109,481 while total sales decreased by 78.6 percent, according to BlockShopper.com.

From January through June, there were three homes sold, with a median sale price of $376,956 - a 40.9 percent increase over the $267,475 median sale price for the same period of the previous year. There were 14 homes sold in Ely in the first half of 2021.

The median sales tax in Ely for the most recent year with available data, 2017, was $3,270, approximately 0.9 percent of the median home sale price for the first half of 2022.

The following table compares Ely to other Linn County cities with similar median sale prices in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Bertram20-$497,500$0-
Ely314-78.6$376,956$267,47540.9
Fairfax2233-33.3$358,000$190,00088.4
Robins722-68.2$325,000$382,500-15
Mount Vernon1532-53.1$285,000$198,25043.8
Springville817-52.9$274,500$162,50068.9
Alburnett36-50$270,400$96,500180.2
Palo613-53.8$235,500$235,0000.2
Marion227363-37.5$217,500$200,0008.8
Hiawatha3061-50.8$182,500$178,0002.5
Center Point1034-70.6$159,950$185,500-13.8

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