Elwood, IL Prices for Houses for Sale AVERAGE 455,158 +32% MEDIAN 339,500 +15% Relative Price (per sqft.) PRICE Listings of Elwood Homes for Purchase ACTIVE 9 +50% NEW 4 Market Duration of Homes Sold DAYS 36 +29% Local Statistics Population 2,207 (-0.01%) House Size (sqft.) 1,925 (-22.41%)