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Foreclosures in Ely, IA

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Ely, IA Foreclosures

How much do homes sell for in Ely, IA?
The average home price is currently $364,981.
In Ely, IA, how many homes are available?
There are currently 10 active home listings available in Ely.
What’s the average rental cost in Ely, IA?
The average rental price in Ely is $1,748.
What is the most expensive home in Ely?
The most expensive home sold in Ely had a price of $1,572,451.
What is currently the cheapest priced home in Ely, IA?
The cheapest home for sale in Ely is priced at $30,754.

Living in Ely, IA

Ely, Iowa is a vibrant small town located just northeast of Cedar Rapids. Known for its friendly atmosphere and strong community spirit, Ely offers a pleasant mix of suburban convenience and rural charm. With numerous parks and recreational opportunities, residents enjoy a lifestyle that emphasizes outdoor activities while being close to urban amenities.

Current Market Conditions in Ely, IA

The real estate market in Ely is currently showing signs of growth and stability. With a competitive market, home prices are appreciating as demand increases, especially from families and individuals looking to relocate from urban areas seeking more space and a quieter lifestyle.

Recent trends indicate homes here are selling more quickly, with many listings receiving multiple offers. The inventory remains low, contributing to the upward pressure on prices, which is a testament to the area’s desirability.

Home Value Estimator For Ely, IA

There are currently 1,311 real estate properties in Ely, IA, with a median automated valuation model (AVM) price of $346,778.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ely, IA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Ely, IA, is $364,981.00, with the most expensive house in Ely, IA, topping out at $1,572,451.00 and the cheapest home in Ely, IA, clocking in at $30,754.00. In other words, there’s something for every potential homebuyer or savvy investor in Ely, IA!

Rent Prices In Ely, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ely, IA, is on a rollercoaster ride. The average rent price in Ely, IA, is $1,748.00. Indeed, when looking to rent in Ely, IA, you can expect to pay as little as $940.00 or as much as $2,670.00, with the average rent median estimated to be $1,810.00. The good news is that finding an affordable and desirable property to rent in Ely, IA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Ely, IA Foreclosures

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