Elwood, IL Condo Market Report (In last 12 months)
Avg. List Price
$273,200
($197/Sqft.)
Year-Over-Year List Price
1.35%
Total Listings
4
Avg. Days on Market
64
Avg. Sale Price
$276,207
($179/Sqft.)
Year-Over-Year Sale Price
3.39%
Total Sold
4
Avg. HOA Fees/Sqft.
($30/monthly)
Avg. List Price
$273,200
($197/Sqft.)
Year-Over-Year List Price
1.35%
Elwood, IL Condo Market Report
Avg. List Price
$273,200
($197/Sqft.)
Year-Over-Year List Price
1.35%
Total Listings
4
Avg. Days on Market
64
Avg. Sale Price
$276,207
($179/Sqft.)
Year-Over-Year Sale Price
3.39%
Total Sold
4
Avg. HOA Fees/Sqft.
($30/monthly)
Elwood, IL Condo Market Overview
Nestled along the scenic shores of Lake Michigan, Elwood offers an enchanting blend of small-town charm and modern convenience. The condo market here is remarkably diverse, catering to a wide array of lifestyles and budgets. In vibrant neighborhoods like the Historic District, you’ll discover beautifully restored vintage buildings, providing a unique touch of character and nostalgic appeal. For those seeking contemporary luxury, lakeside high-rises and modern complexes in the East Side boast stunning views of the water, with amenities like rooftop gardens, fitness centers, and easy access to picturesque parks. Elwood’s inviting community atmosphere fosters a lifestyle rich in local culture and events, from farmers' markets to summer festivals. With a strong sense of community and abundant recreational opportunities, this charming locale stands as a hidden gem for anyone looking to embrace a great quality of life. Whether you desire the hustle of vibrant city amenities or the peacefulness of suburbia, Elwood has it all!
2 Listed For Sale NowCondos For Sale In Elwood, IL
Popular Condos Neighborhoods in Elwood, IL
Explore Elwood, IL Neighborhoods
Elwood is a charming small town that boasts a close-knit community and a welcoming atmosphere, perfect for families and those seeking a tranquil lifestyle. With its picturesque parks, local eateries, and a strong sense of history reflected in unique landmarks, the town offers a delightful blend of suburban comfort and small-town charm. Emphasizing outdoor activities and community events, Elwood provides an inviting backdrop for residents and visitors alike to enjoy a leisurely pace of life.
Frequently Asked Questions About Elwood, IL
What is it like to live in Elwood?
Elwood offers a suburban lifestyle with a close-knit community, featuring primarily single-family homes and some newer developments. The town benefits from proximity to major highways, facilitating quick access to nearby cities and employment centers.
Is Elwood expensive?
Elwood generally offers a lower cost of living compared to the national average, with home prices significantly influenced by factors such as location and property size. The real estate market features a mix of single-family homes and townhouses, making it accessible for various budgets.
How much is a condo in Elwood?
As of 2025, the average price for a condo in Elwood is approximately $150,000 to $250,000, depending on the size and location within the community. The town primarily features single-family homes, with limited availability of condos compared to larger cities.
What are the safest neighborhoods in Elwood?
Elwood is a small village known for its low crime rates, making it a generally safe community for residents. The village has a tight-knit atmosphere and offers various residential housing options, providing a peaceful living environment.
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