The median sale price of a home sold in September 2020 in Ely fell by $254,500 while total sales increased by 166.7%, according to BlockShopper.com.
In September 2020, there were eight homes sold, with a median sale price of $305,500 - a 45.4% decrease over the $560,000 median sale price for the same period of the previous year. There were three homes sold in Ely in September 2019.
The median sales tax in Ely for the most recent year with available data, 2017, was $3,270, approximately 1.1% of the median home sale price for September 2020.
The following table compares Ely to other Linn County cities with similar median sales prices in September 2020:
| City | Sept. 2020 Home Sales | Sept. 2019 Home Sales | % change (Total Home Sales) | Sept. 2020 Median Sales Price | Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Ely | 8 | 3 | 166.7% | $305,500 | $560,000 | -45.4% |
| Hiawatha | 7 | 12 | -41.7% | $275,000 | $168,925 | 62.8% |
| Fairfax | 5 | 5 | 0% | $260,000 | $240,000 | 8.3% |
| Robins | 5 | 7 | -28.6% | $260,000 | $345,000 | -24.6% |
| Mount Vernon | 8 | 3 | 166.7% | $231,250 | $145,000 | 59.5% |
| Palo | 3 | 2 | 50% | $215,000 | $32,450 | 562.6% |
| Marion | 80 | 67 | 19.4% | $203,000 | $193,000 | 5.2% |
| Lisbon | 5 | 5 | 0% | $200,000 | $199,000 | 0.5% |
| Center Point | 6 | 5 | 20% | $188,975 | $116,000 | 62.9% |
| Alburnett | 4 | 0 | - | $176,500 | $0 | - |
| Cedar Rapids | 105 | 244 | -57% | $152,000 | $136,250 | 11.6% |
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