Is Ely, NV 89301 a buyer’s or seller’s market?
Ely is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 11% of U.S. ZIP codes, and #90 of 100 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 August 31, 2026. See the breakdown
The Ely housing market right now
In the three months ending August 31, 2026, 10% of homes in Ely, NV 89301 sold above their list price, the typical home went under contract in 96 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 21 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (8% then), homes sold more slowly (61 days then) and the median sale price rose 19% to $297,371. Overall, Ely is less competitive than a year ago, which gives buyers more room.
On our competition score, Ely ranks #90 of 100 NV ZIP codes with enough sales (score 18 out of 100).
Run the numbers for 89301
Nearby markets
Baker 89311 — /sq ftLund 89317 — /sq ftMc Gill 89318Buyer’s market $113 /sq ft Browse all markets →Towns like Ely nearby
Find towns like Ely in other states →Where Ely is
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Questions about Ely real estate
Is Ely a buyer’s or seller’s market?
A balanced market: there were 4.2 months of supply in Ely, NV 89301 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Ely?
The typical home went under contract in 96 days in the latest three months.
Do homes in Ely sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Ely?
About 0.51% of a home’s value a year in White Pine County, or roughly $2,040 on a $400,000 home.
What is the median home price in Ely?
The median sale price was $297,371 in the three months ending August 31, 2026, about $176 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology