Comprehensive market data and analysis• Updated Oct 2026
9.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 7 | 9 |
| 1-2 acres | - | - | - | 2 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 7 | 11 |
Acreage buckets
The median price for land in Ely, Iowa is currently $321K per acre. For a typical parcel, the median sale price is $90K. Market volatility is currently low, meaning prices can vary minimally based on location and access. Recently, the cheapest land sold for $88K while premium lots reached $122K.
Ely, Iowa is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Ely, Iowa currently has 9.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Ely, Iowa is 11.1%. The 12-month rate is 25.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 3 active listings in Ely, Iowa. The median asking price is $99K.
The median land price in Ely, Iowa stands at $90K. This translates to roughly $321K per acre for the typical parcel size. The average price is $97K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, Ely, Iowa saw 9 properties sold, totaling $874K in sales volume. In just the last 3 months, 1 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Ely on LandyDandy.
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