Is Ely, IA 52227 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Ely is a seller’s market. With about 2.8 months of supply and 11% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score71/ 100

More competitive than 76% of U.S. ZIP codes, and #19 of 155 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown

Months of supply2.8Under 4 months = seller’s market

Sold above original list11.1%Share of sales, last 3 months

Median sale-to-list99.3%Sold price ÷ list price

Median days on market15Listing to accepted offer

Median price per sq ft$196▲ +26.3% vs. last year

Run the numbers for 52227

Prefilled for 52227Can I win this house?Multiple-offer likelihood for a listing Prefilled for 52227Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alburnett 52202Seller’s market $120 /sq ft Cedar Rapids 52401Seller’s market $198 /sq ft Cedar Rapids 52402Seller’s market $133 /sq ft Cedar Rapids 52403Seller’s market $128 /sq ft Browse all markets →

More tools for 52227

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology