Why Live in Elwood
Elwood, known as the “Heart of Hoosierland,” is a family-friendly bedroom community with a population of 8,500. Located within a 30-minute drive of Fishers and Noblesville, Elwood offers a quiet atmosphere where residents often see familiar faces at local sporting events, grocery stores, and churches. The neighborhood features a mix of century-old homes, including gablefront houses and Craftsman-inspired cottages, alongside newer traditional builds in subdivisions. Detached garages, driveways, and street parking are common. Elwood Elementary School serves prekindergarten through second-grade students and is highly rated. The Hind Career Center provides high school students with career and technical education courses, leading to immediate job opportunities upon graduation. Elwood boasts several green spaces, such as Kiwanis Park, Joe Morris Memorial Park, and Callaway Park, which hosts concerts and sledding in winter. The Birch Bayh Community Center is a hub for community events, and the Elwood Golf Course offers an 18-hole public course. A new aquatic center featuring a splash pad and lap pool is underway. Downtown Elwood is home to locally owned restaurants like The Tin Plate and The Opera House Eatery. The Elwood Glass Festival celebrates the city’s industrial roots with a car show, carnival rides, and live entertainment. Routes 28 and 13 intersect in Elwood, and Route 37 connects commuters to Fishers. Ascension St. Vincent Mercy Hospital provides local medical care.
Home Trends in Elwood, IN
On average, homes in Elwood, IN sell after 47 days on the market compared to the national average of 50 days. The median sale price for homes in Elwood, IN over the last 12 months is $168,000, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$168,000
Median Single Family Sale Price
$168,450
Median Townhouse Sale Price
$242,250
Average Price Per Sq Ft
$111
Number of Homes for Sale
24
Last 12 months Home Sales
173
Median List Price
$179,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
12%