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Why Live in Ely
Ely, MN, is a small community in Northeast Minnesota, surrounded by the expansive Superior National Forest and bordering Canada. Known for its natural beauty, Ely attracts outdoor enthusiasts year-round, with activities like canoeing, kayaking, hiking, and blueberry picking in the warmer months, and snowmobiling, snowshoeing, and cross-country skiing during the frigid winters. The town's main park, Whiteside Park, features a playground, open fields, and a bandstand for community events. Ely's housing includes small in-town bungalows and more secluded lakeside homes, with many properties dating back to the early and mid-1900s. The downtown area along Sheridan Street hosts a variety of small businesses, including winter outfitter shops and restaurants like Boathouse Brewpub & Restaurant and Britton’s Café. Ely Memorial High School, which shares a building with Washington Elementary, is highly rated and serves students in grades 6 through 12. The community gathers annually for the Blueberry Art Festival, celebrating local art and blueberry-infused foods. Ely is also home to the North American Bear Center and the International Wolf Center. For those needing to travel, Minnesota State Highway 1 provides access to Virginia, 50 miles away, and Duluth, approximately 100 miles away. The town is served by Ely Bloomenson Community Hospital, ensuring residents have access to medical care.
Home Prices in Ely, MN
The median home sale price in Ely, MN is $194,500, up 7% year-over-year. Homes in Ely sell in 66 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$194,500
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Median Single Family Sale Price
$198,000
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Median 2 Bedroom Sale Price
$154,900
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Median 1 Bedroom Sale Price
$161,000
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Average Price Per Sq Ft
$163
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Number of Homes for Sale
12
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Last 12 months Home Sales
60
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Months of Supply
2.40
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Median List Price
$198,750
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Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
7%
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