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Featured local agent — Elwood, NY
Sarah Mitchell
Compass Real Estate · Elwood, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elwood, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$995,000median sale price
How is the Elwood, NY housing market right now?
The median home sale price in Elwood, NY is $995,000, down 8.5% year-over-year. Homes sell in an average of 38 days with 24 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elwood a buyer's or seller's market?
Elwood, NY is currently a buyer's market, based on 8.0 months of supply and homes selling in about 38 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
38
Average pace
Active listings
24
8.0 months supply
Sale-to-list
95.7%
Below asking
What does the Elwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $995,000 |
| Median list price | $849,990 |
| Year-over-year price change | -8.5% |
| Average days on market | 38 days |
| Active inventory | 24 listings |
| Months of supply | 8.0 months |
| Sale-to-list price ratio | 95.7% |
| Median price per sq ft | $409/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 21 |
| Listings with a price cut | 12.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Elwood by property type?
How the Elwood, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $995,000 | $409/sq ft | 3 | 38 days |
| Condo / Co-op | $790,302 | $515/sq ft | 1 | 211 days |
Source: Redfin · Updated monthly
The Elwood housing market is currently classified as a buyer's market with a median sale price of $995,000. Prices have fallen 8.5% compared to last year, with homes spending an average of 38 days on market, indicating 8.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Elwood
There are currently 24 homes listed for sale in Elwood, New York. The median listing price is $850K.
Active listings
24
Homes on market
Median list price
$850K
Avg. days on market
38
Days until sale
New this week
21
Newly listed
Who lives in Elwood?
Population
11,140
Median income
$170,987/yr
Median age
47.2 years
Owner-occupied
96.6%
College grads
52.2%
Avg commute
43.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Elwood?
Elwood is a community of approximately 11K residents with a median age of 47.2 years.The median household income is $170,987, which reflects a relatively affluent area with strong earning potential. 52.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 96.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 43.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Elwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elwood?
3 schools tracked · 1,545 students
The largest public schools serving Elwood, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
ELWOOD/JOHN GLENN HIGH SCHOOL
Grades 9-12 · 676 students
ELWOOD MIDDLE SCHOOL
Grades 6-8 · 445 students
HARLEY AVENUE ELEMENTARY SCHOOL
Grades K-2 · 424 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elwood, NY?
Want a head-to-head view? Compare Elwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elwood?
The median home sale price in Elwood is $995,000, down 8.5% from last year.
How long do homes stay on market in Elwood?
Homes typically spend 38 days on market before going under contract.
What is the median income in Elwood?
The median household income is $170,987 per year.
Is Elwood a buyer's or seller's market?
With 8.0 months of supply, Elwood is currently a buyer's market.
What is the median condo price in Elwood?
The median condo/co-op sale price in Elwood, NY is $790,302, compared to $995,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elwood?
The median single-family home price in Elwood, NY is $995,000 (about $409 per square foot).
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