Is Elwood, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Elwood has remained a Seller's Market.
Housing Prices in Elwood, IN
How much do homes in Elwood, IN cost?
Median Sold Price
$134,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elwood was $134,000 in March 2024, up 3.5% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $55K | N/A |
2 Bedrooms | $107.5K | $103.9K | -3.3% |
3 Bedrooms | $133.4K | $133K | -0.3% |
4 Bedrooms | $180.4K | $182.5K | +1.1% |
5+ Bedrooms | $184K | $217.5K | +18.2% |
Summary: Elwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
Madison Township | $175K | $202.4K | +15.7% |
Elwood | $129.5K | $134K | +3.5% |
Pipe Creek Township | $135K | $135.5K | 0.4% |
Housing Supply in Elwood, IN
How many homes are available in Elwood, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 49 | +6.5% |
Summary: The Elwood real estate market had 49 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Elwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Elwood in March 2024, up by 70.0% month-over-month. Of the 17 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% were sold over asking.
Days on Market for Elwood, IN
How long does it take to sell a home in Elwood, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 27 Days | -55.9% |
Summary: Homes in Elwood had an average of 27 days on market in Mar 2024, down by 55.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Elwood; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.