Elwood, IL Market Trends

Last updated November 4, 2026

The median home price in Elwood is $338,949, down 1.7% year-over-year. Median price per square foot is up 7.3% at $205/sq. ft. Homes are selling in 57 days on average, compared to 119 days last year. As of November 4, 2026, there are 20 active listings on the market, with 1 new listing in the last 7 days.

Median home price

$338K

1.7% YoY

YoY price change

-1.7%

-$6,001

Days on market

57

-62 days YoY

Active homes

20

42.9% YoY

Market trends and statistics

Median list price

$338,949

1.7% YoY

Inventory

20

42.9% YoY

Price per SqFt

$205

7.3% YoY

Days on market

57 days

52.1% YoY

Home size

1,500 sqft

0% YoY

Compare nearby cities

City	Median price	YoY change	$/Sqft	Days on market	Active homes
Elwood	$338,949	-1.7%	$205	57	20
Channahon	$429,450	-1.3%	$217	51	72
Manhattan	$394,900	-9.2%	$195	68	56
Wilmington	$249,700	+19.0%	$204	80	42
Rockdale	$162,450	-32.3%	$137	113	4
Troy	$380,000	-11.6%	$163	40	51

Education in Elwood, IL

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Elwood Community Consolidated School District 203

Elwood Community Consolidated School District 203 has 1 middle school and 1 elementary school. It has an overall average GreatSchools rating of 6/10.

6/10

Elwood Child Care School

Grades PK, K-8

See zoned homes

Data provided by GreatSchools.