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Elwood, IN real estate

Compare top Elwood real estate agents.

Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for April 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Elwood real estate Market Report.

Information and statistics on the latest trends in the Elwood real estate market, updated for April 2026. *

Elwood currently leans toward a seller’s market, with the market gauge at 30 out of 100. Inventory sits at 42 homes and months of supply is 3.5, keeping conditions tilted toward sellers. Homes are typically valued around $194,950, a bit lower than Madison County’s $225,000.

Prices have been moving up, with typical home values rising about 14.68% over the past year and nearly 29.97% just month over month. List prices are following the same direction, with a median list price of $158,950 and an increase of about 5.97% from the previous month. At the same time, homes are taking longer to sell, with median days on market climbing to 58, up roughly 87.1% from both last month and last year.

Inventory has grown by about 44.83% over the year and 5.0% over the month, and there are 16 new listings with 14 pending sales, although pending sales are down about 22.22% year over year. About 30.95% of listings have seen a price drop, and only a quarter of recent sales closed above list price, with an average sale-to-list ratio of 0.94, suggesting some room for negotiation even in a seller-leaning environment. Projections for next month show typical values around $217,425, median list prices near $163,425, and inventory edging up to 43, so both buyers and sellers can benefit from an Agent Pronto real estate professional who understands these shifting dynamics.

Elwood, IN real estate
30
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated based on the the number of active listings divided by home sales over the most recently available reporting period.

* Data provided by Redfin, a national real estate brokerage.

Learn more about what Elwood has to offer.

Elwood offers residents a welcoming, close-knit community with affordable living, convenient amenities, and plentiful opportunities to connect, grow, and enjoy the outdoors.

Elwood stands out from nearby communities like Anderson and Noblesville with its close knit feel, strong local identity, and easy access to larger employment centers while keeping a slower pace of daily life. Longstanding residents know each other by name, and local events and school activities give newcomers an easy way to plug in. Downtown features historic brick storefronts, local services, and quick stops that make everyday errands convenient.

Families appreciate the focus on education and community sports through the Elwood Community School Corporation and youth programs at the Elwood Parks & Recreation Department. Callaway Park offers walking paths, playgrounds, and seasonal gatherings that bring residents together. The Elwood City Public Library provides programs for all ages and is a practical resource for studying, remote work, and community meetings.

Elwood’s location along key routes to Marion and Kokomo helps commuters, yet the housing market remains relatively attainable compared with larger metro areas. That combination of accessibility and value means homes can move quickly, especially well kept properties near schools and parks.

Whether you are planning to move within Elwood, relocate here, or sell and head toward Muncie or Indianapolis, timing and preparation matter. Agent Pronto can connect you with a local real estate professional who understands current conditions in Elwood and can guide both buyers and sellers from first conversation through closing.

Find your Elwood real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“Rachel Patterson has helped us through several deals over the last six years and her understanding of the transaction process, problem solving and negotiating skills, and ability to get deals to the closing table smoothly have been invaluable. She has been instrumental in finding homes we are happy to live in as well as homes for growing a portfolio of real estate that helps us build towards our long term goals. The personal attention, ease of communication, and hearing/understanding/meeting our needs for each purchase are more reasons we will continue to work with Rachel for a long time. Highly recommend.”

Jacob Phillips · Indianapolis, IN

Photo of The Patterson Collective
Howard Hanna Real Estate Services F.C. Tucker Company
“Brandi went above and beyond to help sell our home. She arrived early and stayed additional time in open houses to accommodate potential buyers. She was extremely knowledgeable about the comps in our area and even outperformed the incentives of new builds around us with her saleswomanship. 10/10 would recommend.”

Aaron Noe · Greenwood, IN

Photo of Brandi Oakes
CENTURY 21
“Sarah was quick to understand my personal situation and the type of housing I was looking for to become my home. I appreciate the time and the knowledge she contributed to help me find the perfect place that fit my needs.”

Heidi Bertels-Boener · Indianapolis, IN

Photo of Sarah Flynn
Century 21 Scheetz
“Excellent service like always.”

Erik Spersrud · Westfield, IN

Photo of Lisa McCoy
Century 21 Scheetz
“I greatly appreciate Nick's availability in assessing the property sale. I appreciate his aggressiveness showing responses to various offers. Nick was always available and a fast responder! Nick provided quick answers for all my questions. Thank you! Kevin Dooley”

Kevin Dooley · Indianapolis, IN

Photo of Nick Walters
Century 21 Scheetz
“Kristen went above and beyond in selling my home and I cannot recommend her enough. She understood the real estate market in my area intimately and made sure I made informed decisions. She was also instrumental in helping me negotiate a good deal. Highly, highly recommend you use her services.”

Bob Crane · Fishers, IN

Photo of Kristen Rozzi
Century 21 Scheetz
“I would utilize Mark Overly again. He was awesome!!! Great experience.”

DeeAnn Niehaus · Brownsburg, IN

Photo of Mark Overly
Century 21 Scheetz
“Dan exceeded every expectation I had from start to finish of this process. I thoroughly enjoyed working with him and was always made to feel more like a friend than just another client and even gave me a housewarming gift at closimg which meant a lot to me. If I ever went through this process again or new of someone looking for a realtor I would 100% use and recommend Dan I honestly have not one single complaint. Thank you again Dan look foward to speaking with you again”

Trevor Krutt · Greenfield, IN

Photo of Daniel Mervar
Century 21 Scheetz
“She sent my offer in and it was accepted without negotiation. Thats an A in my book.”

Vinny Rutledge · Merrillville, IN

Photo of Tracy Wondaal
EXP Realty
“Amy made the daunting task of preparing and listing my home for sale approachable. She equipped me with the appropriate knowledge and expectations to make the sale process as easy as possible. I will continue to recommend Amy to anyone in need of a realtor in Indianapolis.p1”

Xander · Indianapolis, IN

Photo of Amy Corey
The Corey Connection at Keller Williams
“As first time homebuyers, my husband and I didn't know what to expect. Jim was so helpful throughout the entire process in answering all of our questions, educating us on things we didn't even know we needed to know about, and promptly and patiently answering all of our questions! We loved our experience working with Jim!”

Sam & Isabel · Fishers, IN

Photo of Jim Haynes
Century 21 Scheetz
“Colleen Gordon is our trusted realtor every time we are in the market to buy or sell a home. Her professionalism and deep expertise make the process smooth and stress-free. She's incredibly approachable, goes the extra mile in negotiations, and handles every detail with care and dedication.”

Rob and Erica · Greenwood, IN

Photo of Colleen Gordon
Century 21 Scheetz
“Rob Wilson made the sale of my house as smooth effortless as possible. When problems arose prior to listing, he was beyond helpful. He not only knows the real estate market inside and out, but he also has a vast knowledge of local contractors who can take care of any issue found during the process.”

Mark Litz · Indianapolis, IN

Photo of Rob Wilson
Century 21 C21 Scheetz
“Cindy and Michael Stockhaus are, by far, the best realtors I've dealt with. Aside from their professionalism, their communication, their availability, their patience, and their overall knowledge, they are people with heart. This wasn't an easy sale, for any of us, but they maintained professionalism and absolutely seemed to care about me and what I was going through in this process of selling my dad's home. Thank you for the recommendation!”

Brenda M. · Beech Grove, IN

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Better Homes & Gardens Real Estate Better Homes and Gardens Real Estate Gold Key
“Justin was most helpful dealing with an uncooperative property manager. He got the property sold quickly. I was very happy with his performance.”

William M. · Indianapolis, IN

Photo of Bennett Realty
Bennett Realty Inc
“Dan Nolan was great. He was very honest and up front from the beginning. We were very pleased with his expertise in real estate. He got us more money than we expected in the sale and what other realtors expected to get. The house was sold within 3 weeks from listing and we were not expecting to show it for two more weeks. Glad we did—we entered into a sales contract in week 3. Very happy with results and would definitely use Dan Nolan again.”

Laurinda H. · Tipton, IN

Photo of Dan Nolan
Exit Realty Exit Strategy Realty
“DaShawn was amazing to work with. He was very knowledgeable and was very patient with me during this process. Whenever I had a question, he knew the answer or was quick to get me an answer. He always answered my calls or got back with me in a timely manner. DaShawn sent me properties based on my budget, my wants and needs. He even gave me additional resources to assist me with my home. I would definitely recommend working with DaShawn.”

Deandra Downey · Indianapolis, IN

Photo of DaShawn Tharpe
AMR Real Estate
“Having had Tim as our broker on a previous purchase, I knew he was the best person for the job. I trust Tim completely, to have our best interests at heart and steer us in the right direction in all aspects of the transactions. Tim is simply the best! My husband and I have had dealings with many different realtors through the years, many of them quite good. I can honestly say that of all of them, Tim is far above the others. He ALWAYS got back to us quickly, ALWAYS had good information and recommendations for us, ALWAYS got us showings on desired properties in a timely manner. I can't say enough good things about him.”

Betsey Lipps · Fortville, IN

Photo of Tim Retzinger
Indy Custom Real Estate LLC
“Carlos was fantastic! He took charge when the buyer's relator wasn't moving things along. Carlos gave very honest feedback to our questions. We have been referring friends and family to Carlos nonstop since partnering with him to sell our home.”

Chris McMahon · Indianapolis, IN

Photo of Carlos J Higareda
eXp Realty

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Elwood. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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