Comprehensive market data and analysis• Updated Dec 2025
4.2 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 4 | 10 | 14 |
| 1-2 acres | - | 1 | 1 | 3 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 5 | 11 | 18 |
Acreage buckets
The median price for land in Elwood, Indiana is currently $50K per acre. For a typical parcel, the median sale price is $24K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $5K while premium lots reached $92K.
Elwood, Indiana is currently a seller's market with 4.2 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have decreased 97.2% year-over-year.
Elwood, Indiana currently has 4.2 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Land in Elwood, Indiana typically sells within 59 days of listing. The median time on market is 16 days. Properties are moving quickly in the current seller's market.
The 3-month absorption rate in Elwood, Indiana is 23.8%. The 12-month rate is 21.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Elwood, Indiana averages $73K per acre. The median price per acre is $50K, which may be more representative of typical transactions. Most parcels sold are around 12,197 sq ft.
Over the past 12 months, Elwood, Indiana saw 18 properties sold, totaling $902K in sales volume. In just the last 3 months, 5 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
