Frequently Asked Questions

Are house prices dropping in Elwood?

The house prices in Elwood are indeed dropping at the moment. There has been a decrease in price of $63,154.61. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Elwood at this time?

The housing market and house prices in Elwood are going down. The average house price is $164,900.00 and the average price per square feet is $122.63 per square foot. At the moment, there are 228 homes listed - 45 active, 20 pending, and 163 sold in Elwood.

What is the most popular place to buy a house in Elwood?

The most popular place to buy a home in Elwood is 4804 - Madison - Pipe Creek. 4804 - Madison - Pipe Creek has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Elwood?

The average amount of property taxes you would have to pay for a home in Elwood is $1,455.21. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Elwood being sold?

Properties in Elwood stay on the market for an average of 103 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Elwood?

The last home listed in Elwood was 2605 minutes ago.

Can you visit houses in Elwood?

Currently, there are 0 open houses available for viewing in Elwood.

What is the most expensive house in Elwood?

The cost of the most expensive home in Elwood is $700,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Elwood?

The cost of the cheapest home in Elwood is $35,799.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Elwood?

The oldest home in Elwood was built in 1859, and the newest in 2026.

How big are the homes in Elwood?

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The average property size in Elwood is 1693.07 sq.ft., the largest being 3482 sq.ft., and the smallest being 878 sq.ft.

Directions:

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Tax and Financial Info

Semi-Annual Property Tax:

$57

Tax Year:

2024

Quick View

Address:

0 N Eighth Street Elwood IN 46036

Status:

Active

On Site:

142 Days On Site

Price:

$15, 000

Lot Size:

0.13

County:

Madison

Township:

Pipe Creek

MLS #:

22083582

Property Type:

Residential Lots

Community Information

Area:

4804 Madison Pipe Creek

City:

Elwood

Subdivision:

Pearl

Zip Code:

46036

Active

$15,000

Beds

Baths

Sq. Ft.

0 N Eighth Street, Elwood, IN, 46036

Est. Payments: $0/mo

Land

Built in null

142 days on Site

0.13 Lot Size

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

Build opportunity in Elwood! This flat 0.13-acre residential-zoned lot is currently being farmed and will require a flag survey to clearly mark boundaries. The parcel has been verified as buildable by the county, making it a great option for new construction. Previously improved with a home removed around 2014, utilities were historically...

Source: MIBOR as distributed by MLS GRID, MLS ID: 22083582

Listing provided courtesy of Angela Remter 317-564-7100 with Keller Williams Indy Metro NE

Last Updated: 4/13/2026 | 12:40 PM

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About the Neighborhood

Elwood offers a peaceful atmosphere with quiet streets that create a calm environment for residents. The neighborhood features mostly single detached homes, many with two to three bedrooms, showcasing charming mid-20th-century architecture. Driving provides convenient access throughout the area, making it easy to reach grocery stores, restaurants, and cafes located nearby. Residents have access to a variety of local amenities and services that support comfortable living. The gently flat terrain adds to the ease of movement, even though cycling infrastructure is limited. Overall, this neighborhood presents a tranquil setting with classic homes and practical accessibility.

Learn more about

Elwood Market Report

Avg. Days on Market

107

Avg. Price Per Sq. Ft.

121.78

Median List Price

$163,900

Homes Listed

Frequently Asked Questions

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

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