In July 2020, there were three homes sold, with a median sale price of $123,000 - a 30.5% decrease over the $177,000 median sale price for the same period of the previous year. There were five homes sold in Ely in July 2019.
The median sales tax in Ely for the most recent year with available data, 2017, was $3,270, approximately 2.7% of the median home sale price for July 2020.
The following table compares Ely to other Linn County cities with similar median sales prices in July 2020:
| City | July 2020 Home Sales | July 2019 Home Sales | % change (Total Home Sales) | July 2020 Median Sales Price | July 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Marion | 71 | 103 | -31.1% | $190,000 | $165,000 | 15.2% |
| Hiawatha | 11 | 13 | -15.4% | $181,000 | $290,000 | -37.6% |
| Central City | 2 | 5 | -60% | $170,000 | $120,000 | 41.7% |
| Walker | 1 | 1 | 0% | $169,750 | $70,000 | 142.5% |
| Fairfax | 9 | 6 | 50% | $162,000 | $341,250 | -52.5% |
| Cedar Rapids | 189 | 271 | -30.3% | $151,000 | $145,000 | 4.1% |
| Coggon | 2 | 2 | 0% | $145,000 | $132,495 | 9.4% |
| Springville | 1 | 2 | -50% | $139,000 | $213,500 | -34.9% |
| Ely | 3 | 5 | -40% | $123,000 | $177,000 | -30.5% |
| Mount Vernon | 5 | 4 | 25% | $115,000 | $175,750 | -34.6% |
| Center Point | 2 | 9 | -77.8% | $98,000 | $221,000 | -55.7% |
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