Comprehensive market data and analysis• Updated Dec 2025
18.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 2 | 2 | 3 |
| 1-2 acres | - | - | - | 2 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 2 | 2 | 6 |
Acreage buckets
The median price for land in Ely, Iowa is currently $150K per acre. For a typical parcel, the median sale price is $113K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $98K while premium lots reached $236K.
Ely, Iowa is currently a strong buyer's market with 18.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Ely, Iowa currently has 18.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Ely, Iowa is 5.6%. The 12-month rate is 4.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
There are currently 12 active listings in Ely, Iowa. 3 new listings have hit the market in the last 90 days. The median asking price is $122K.
The median land price in Ely, Iowa stands at $113K. This translates to roughly $150K per acre for the typical parcel size. The average price is $149K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, Ely, Iowa saw 6 properties sold, totaling $894K in sales volume. In just the last 3 months, 2 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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.