1 bedroom homes for sale in Elwood, IL

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Elwood, IL Real Estate Market Overview

There are no 1-bedroom homes for sale in Elwood, IL. The following market insights reflect all property types in the Elwood, IL real estate market. Between April 2025 and May 2025, Elwood, IL real estate market has seen an increase in the number of listings by 50%. While the average time on the market in May 2025 was 7 days, the median list price was $310,100. In May 2025 more than 1 listings in Elwood, IL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Elwood, IL

Elwood is located in Will County, Illinois. There are roughly 1,153 residents, living in 445 households. The average temperature for Elwood this time of the year is low of 58F and high of 81F. On average, Elwood gets about 4.25 inches of precipitation in June. Most residents are home owners (86%), have a post secondary degree (55%) and are married, no kids (33%).

Data provided by Home Junction

Housing market reports in Will County

Homes for sale near Elwood, IL

Top real estate cities in Illinois

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1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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