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Foreclosure Homes in Ely, IA

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Ely, IA Foreclosures

Current Market Conditions in in Ely, IA As of April 2026?
Over the past month, the Ely housing market has seen a subtle increase in home prices, primarily due to a limited supply of available listings. The demand remains strong as buyers are seeking homes in this community, driven by its reputable schools and family-friendly environment.
How much do homes sell for in Ely, IA?
The average home price is currently $376,233.
In Ely, IA, how many homes are available?
There are currently 9 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 $1,715,049.
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 quaint city positioned just outside Cedar Rapids. It features a friendly community atmosphere, excellent schools, and abundant recreational activities. With a rich combination of nature and suburban life, Ely is ideal for families and professionals looking for a peaceful residential area.

Buyer vs Seller Market in Ely, IA

The Ely real estate market remains competitive, with a steady influx of new residents attracted by the town's amenities and school system. Home values have shown consistent growth over the past few years, reflecting a stable interest in the area.

Many homes in Ely are drawing attention due to their affordability compared to nearby urban areas, making it a prime spot for first-time homebuyers and families.

Home Value Estimator For Ely, IA

There are currently 1,414 real estate properties in Ely, IA, with a median automated valuation model (AVM) price of $354,349.00. 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 $376,233.00, with the most expensive house in Ely, IA, topping out at $1,715,049.00 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

Market Trend for Ely, IA

Total Listings Available: 9

Market Values:

Home Prices from $30,754 to $1,715,049

Average Sales Price: $376,233

Rental Values:

Rental from $940 to $2,670

Average Rent Value: $1,748 / month

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