Housing in Elwood, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$275,000
Median List Price
$295,000
Price Per Sq Ft
$171
Days on Market
55
Active Inventory
9
Months of Supply
9.0
Buyer's market
Zillow Home Value
$310,987
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
100.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
3
Pending Sales
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$171
Median List $/SF
$159
Elwood vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Elwood is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$224,900
Median Rent
$986
Total Housing Units
966
Vacancy Rate
4.7%
Owner Occupied
78.3%
Renter Occupied
21.7%
Median Property Tax
$4,352
per year
Monthly Cost (w/ Mortgage)
$1,299
Housing Types
The current median sale price in Elwood, IL is $275,000 according to Redfin data. Homes spend a median of 55 days on the market. 0.0% of homes sold above asking price. The market has 9.0 months of supply. The median price per square foot is $171. The median rent is $986 per month (Census ACS). About 78.3% of housing units are owner-occupied. The median year homes were built is 1991. There are 966 total housing units.