$6,828 Closing Credit*
$575,000
3,732 SqFt
Sonja Almberg, Listing Office: Desert Mountain Realty, Inc
Is Ely, NV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ely has remained a Buyer's Market.
Key Takeaway
Ely is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ely, NV
How much do homes in Ely, NV cost?
Median Sold Price
$235,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,500(+10.6%)
Key Takeaway
Homes in Ely have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Ely was $235,000 in November 2024, up 10.6% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90.5K | $97K | +7.2% |
| 2 Bedrooms | $196K | $195.7K | -0.1% |
| 3 Bedrooms | $227.2K | $258.5K | +13.8% |
| 4 Bedrooms | $342K | $299K | -12.6% |
| 5+ Bedrooms | $289.5K | $475K | +64.1% |
Summary: Ely housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes increased by 64.1%.
Housing Supply in Ely, NV
How many homes are available in Ely, NV?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Summary: The Ely real estate market had 21 homes for sale in November 2024, a 16.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Ely housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ely, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ely in November 2024, down by 77.8% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ely, NV
How long does it take to sell a home in Ely, NV?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 72 Days | +353.1% |
Summary: Homes in Ely had an average of 72 days on market in Nov 2024, up by 353.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ely has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Ely; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed. 
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