Elwood, KS Foreclosures
Current Market Conditions in in Elwood, KS As of February 2026?
In the past month, Elwood's real estate market has experienced mild fluctuations, reflecting a slight increase in buyer interest, particularly among families seeking affordable housing options. The low inventory levels have caused competition among buyers, resulting in quicker sales and potential bidding wars on desirable properties. While prices remain stable, it's crucial for potential buyers to act quickly when a new listing comes to the market, as homes are selling faster than before. The overall atmosphere remains positive, with potential for growth as the community continues to develop.
How much do homes sell for in Elwood, KS?
The average home price is currently $141,360.
In Elwood, KS, how many homes are available?
There are currently 2 active home listings available in Elwood.
What’s the average rental cost in Elwood, KS?
The average rental price in Elwood is $1,373.
What is the most expensive home in Elwood?
The most expensive home sold in Elwood had a price of $670,093.
What is currently the cheapest priced home in Elwood, KS?
The cheapest home for sale in Elwood is priced at $26,002.
Living in Elwood, KS
Elwood, KS, is a quaint community that offers a quiet lifestyle with essential amenities nearby. Known for its friendly atmosphere and community events, Elwood is perfect for families and individuals looking for a slower pace of life. With outdoor activities and a strong education system, it has everything one needs for a fulfilling life.
Buyer vs Seller Market in Elwood, KS
The real estate market in Elwood has shown a steady trend over the past few years, with home prices remaining stable. The economy in the area contributes to this resilience, as the local job market supports growth. Developers are beginning to take notice of the potential in Elwood, leading to increased interest from homebuyers looking for affordable properties in a serene environment.
In recent months, Elwood's market has seen a slight increase in demand for homes, leading to a competitive atmosphere among buyers. However, due to the limited number of homes for sale in the area, prices have not yet experienced significant hikes, thus making it an attractive option for those looking to buy.
Home Value Estimator For Elwood, KS
There are currently 281 real estate properties
in Elwood, KS,
with a median automated valuation model (AVM) price
of $127,800.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elwood, KS, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Elwood, KS,
is $141,360.00, with the most expensive house
in Elwood, KS, topping out
at $670,093.00 and the cheapest home
in Elwood, KS,
clocking in at $26,002.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elwood, KS!
Rent Prices
In Elwood, KS
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elwood, KS, is on
a rollercoaster ride. The
average rent price in Elwood, KS,
is $1,373.00. Indeed, when looking to rent in
Elwood, KS, you can expect to pay as little
as $910.00 or as much
as $1,640.00,
with the average rent median estimated to
be $1,570.00. The good news is that finding
an affordable and desirable property to rent in Elwood, KS
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
