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Condo 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 $366,049.
In Ely, IA, how many homes are available?
There are currently 123 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 charming small town known for its friendly community and suburban feel. Located just a short drive from Cedar Rapids, Ely provides residents with access to quality schools, parks, and recreational activities. With a growing population and a relatively low cost of living, Ely is an attractive option for families and individuals looking for a welcoming place to call home.

Current Market Conditions in Ely, IA

The real estate market in Ely has seen steady growth over the past year, with an increase in home values as more people are drawn to the area's charm and amenities. The demand for housing remains strong due to Ely's appeal as a safe and family-oriented community.

A recent trend is the rise of new constructions and developments in the area, which is addressing the increasing demand for housing. Investors are also recognizing Ely's potential, contributing to a more diverse housing market.

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 $349,629.00. 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 $366,049.00, 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 Condos

Market Trend for Ely, IA

Total Listings Available: 123

Market Values:

Home Prices from $30,754 to $1,572,451

Average Sales Price: $366,049

Rental Values:

Rental from $940 to $2,670

Average Rent Value: $1,748 / month

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