Elwood, IN Housing Market

$143,097

1.3% 1-yr

The average Elwood, IN home value is $143,097, down 1.3% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Elwood Key Takeaways

Typical Home Values: $143,097

1-year Value Change: -1.3%

(Data through October 31, 2025)

Elwood Housing Market Overview

--1-year Market Forecast

52For sale inventory(October 31, 2025)

18New listings(October 31, 2025)

--Median sale to list ratio

--Median sale price(September 30, 2025)

$175,533Median list price(October 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Elwood

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Elwood Rental Market Trends

--Average rent in Elwood(October 31, 2025)

$1,949National average rent(October 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.