Ely, MN · October 2026

Ely market snapshot

Distressed inventory, home values and rents in Ely, refreshed every month.

See all 4 listings

Distressed homes: 4
Median home value: $280,451
Median rent: $1,260/mo
12-month value change: +2.8%

Home values over the past year

The median Ely home moved from $272,696 in Oct 2025 to $280,451 in Oct 2026, +2.8%.

$280,797 $265,906

Oct 2025 Jan Apr Jul Oct 2026

Median rent

$1,260/mo

Price range

Sample homes across the Ely market.

Entry: $110,309
Typical: $277,170
Upper end: $945,062

This month

Home values: -0.12% MoM; rent: +0.00% MoM.

Oct 2025 $272,696
Nov 2025 $272,129
Dec 2025 $274,632
Jan 2026 $269,595
Feb 2026 $267,166
Mar 2026 $265,906
Apr 2026 $267,619
May 2026 $267,658
Jun 2026 $270,561
Jul 2026 $273,265
Aug 2026 $278,236
Sep 2026 $280,797
Oct 2026 $280,451

What's for sale

Active distressed listings in Ely, by type.

Foreclosure 2
Bankruptcy 1
Preforeclosure 1

Schools nearby

Close to homes for sale in Ely.

Washington Elementary School
Ely Memorial High School
Minnesota North College - Vermilion Campus

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Home values and rents are city-wide medians as of October 2026. Listing counts are live and cover active foreclosure, preforeclosure, auction and other distressed properties in Ely, MN.