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ELWOOD, IN 46036

Real Estate Market Report  ·  Madison County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ELWOOD, IN real estate market (46036) currently shows 62 active listings, with 24 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 93 days on market compared to 38 days last year.

The median listing price has fallen 2.2% year-over-year, from $169,900 to $166,150.

Whether you are buying or selling in ELWOOD, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 11,392  ·  Density: 54.8/mi²  ·  Median household income: $58,081

Typical home value: $101,583  ·  Homeownership: 71.9%

Market Overview

Active Listings
62
⇧ 67.6% vs 37 last year
Pending
24
39% pending ratio
Median Price
$166,150
⇩ 2.2% vs $169,900 last year
Average Price
$189,112
⇧ 13.3% vs $166,896 last year
Days on Market
93
⇧ 144.7% vs 38 days last year

Price Per Square Foot

Median $/sqft
$128
⇧ 30.6% vs $98/sqft last year
Median Home Size
1,410 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 62 this year vs 37 last year
  • Days on market: 93 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $166,150 (-2.2% YoY)
  • Average: $189,112 (+13.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.3 miles — 384 listings ($114,105,936 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46036Elwood, IN 460360.0 mi55$10,404,295$169,900$189,169
46044Frankton, IN 460446.5 mi9$2,348,685$252,400$260,965
46070Summitville, IN 460709.7 mi4$1,199,600$297,400$299,900
46928Fairmount, IN 4692810.9 mi12$1,816,536$164,900$151,378
46011Anderson, IN 4601112.3 mi38$11,789,386$295,000$310,247
46030Arcadia, IN 4603013.2 mi10$6,295,500$444,500$629,550
46936Greentown, IN 4693613.6 mi19$4,312,278$194,450$226,962
46938Jonesboro, IN 4693814.2 mi6$727,128$117,450$121,188
46068Sharpsville, IN 4606815.6 mi7$1,737,547$237,450$248,221
46016Anderson, IN 4601615.9 mi69$7,545,357$104,725$109,353
46045Goldsmith, IN 4604516.6 mi1$102,900$102,900$102,900
46060Noblesville, IN 4606016.8 mi142$62,519,476$382,400$440,278
46933Gas City, IN 4693318.3 mi12$3,307,248$252,400$275,604

Frequently Asked Questions

How many homes are for sale in ELWOOD, IN 46036?

As of March 2026, there are 62 active listings in ELWOOD, IN (zip code 46036), compared to 37 the prior year.

What is the median home price in ELWOOD, IN 46036?

The median listing price in ELWOOD, IN 46036 is $166,150 as of March 2026, a 2.2% decrease from $169,900 the prior year.

How long do homes stay on the market in ELWOOD, IN?

Homes in ELWOOD, IN 46036 spend an average of 93 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in ELWOOD, IN 46036?

Based on current inventory and days-on-market data as of March 2026, ELWOOD, IN 46036 is currently a Buyer's Market. Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 93 days on market compared to 38 days last year.

How much can I save on real estate commission in ELWOOD, IN?

With SELL123.com's maximum 3% commission, sellers in ELWOOD, IN 46036 save an estimated $3,323 compared to a typical 5% commission on the median listing price of $166,150. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.