$2,482 Closing Credit*
$209,000
1,056 SqFt
2 Beds
•1 Full Bath
Shannan Cessford, 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 October 2023
Since last year, Ely has remained a Seller's Market.
Key Takeaway
Ely is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ely, NV
How much do homes in Ely, NV cost?
Median Sold Price
$235,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+11.9%)
Key Takeaway
Homes in Ely have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Ely was $235,000 in October 2024, up 11.9% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $95K | +10.5% |
| 2 Bedrooms | $196K | $195.7K | -0.1% |
| 3 Bedrooms | $227.2K | $253.7K | +11.7% |
| 4 Bedrooms | $276K | $299K | +8.3% |
| 5+ Bedrooms | $289.5K | $475K | +64.1% |
Summary: Ely housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 8.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Ely real estate market had 25 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Ely housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was 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. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Ely in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 46 Days | -42.7% |
Summary: Homes in Ely had an average of 46 days on market in Oct 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ely are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Ely; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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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