In May 2017, there were 10 homes sold, with a median sale price of $201,700 - a 49.6% increase over the $134,844 median sale price for the same period of the previous year. There were seven homes sold in Ely in May 2016.
The median sales tax in Ely for 2017 was $3,269. In 2016, the median sales tax was $3,128. This marks an increase of 4.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.6%.
The following table compares Ely to other Linn County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Bertram | 1 | 1 | 0% | $499,490 | $270,000 | 85% |
| Robins | 5 | 10 | -50% | $239,000 | $320,000 | -25.3% |
| Walford | 2 | 0 | - | $228,000 | $0 | - |
| Ely | 10 | 7 | 42.9% | $201,700 | $134,844 | 49.6% |
| Palo | 3 | 12 | -75% | $200,000 | $81,000 | 146.9% |
| Marion | 121 | 127 | -4.7% | $188,888 | $154,260 | 22.4% |
| Mount Vernon | 6 | 11 | -45.5% | $157,450 | $179,000 | -12% |
| Springville | 6 | 1 | 500% | $149,500 | $144,500 | 3.5% |
| Hiawatha | 12 | 17 | -29.4% | $147,000 | $150,000 | -2% |
| Lisbon | 6 | 14 | -57.1% | $138,450 | $141,200 | -1.9% |
| Fairfax | 7 | 6 | 16.7% | $137,000 | $172,000 | -20.3% |
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