37

Elwood, IN Homes for Sale under $200,000

Section Image Section Image
  • /23

    $149,900

    $4K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,092 Sq Ft

    1623 S K St, Elwood, IN 46036

    This home offers 1,092 square feet of living area situated on a spacious .17 square foot lot. The home is a one-story structure that includes one full bathroom and two bedrooms, recently painted throughout, with newer flooring, enhanching its appeal and comfort. Home has a whole house fan to keep the home comfortable in the summer months. The enclosed front porch/sunroom provides an ideal setting

    Agent Photo

    Diana Dunham

    Keller Williams Indy Metro NE

    1623 S K St, Elwood, IN 46036
  • /12

    $155,000

    • 3 Beds
    • 1 Bath
    • 928 Sq Ft

    214 S 10th St, Elwood, IN 46036

    Welcome to this beautifully remodeled 3 bed/1 bath home offering modern updates and move-in ready convenience! Recent improvements include updated flooring, fresh paint, new HVAC, remodeled bathroom, and updated light fixtures throughout. This home offers a functional layout, refreshed finishes, a separate laundry room space(not pictured), and an inviting atmosphere perfect for homeowners or

    Agent Photo

    Courtney Jo Anderson

    Heartland Real Estate Brokers

    214 S 10th St, Elwood, IN 46036
  • /25

    $149,900

    • 2 Beds
    • 1.5 Baths
    • 1,042 Sq Ft

    2428 Main St, Elwood, IN 46036

    Discover the inviting charm of 2428 Main ST, ELWOOD, IN, a delightful single-family residence built in 1900. With 1042 square feet of thoughtfully designed living space, this home is ready for you to move in and begin your next chapter. Featuring an updated 200 amp electrical service panel. The single-story traditional style with basement home offers two comfortable bedrooms, providing ample

    Agent Photo

    Jon Ash

    Arc Realty

    2428 Main St, Elwood, IN 46036
  • /17

    $134,900

    $35K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,132 Sq Ft

    512 N 13th St, Elwood, IN 46036

    Completely remodeled and move-in ready, this stunning 3 BR/1BA home in the heart of Elwood offers the perfect blend of modern updates and small-town charm. Renovated from top to bottom in 2025, nearly every major component is brand new including plumbing, electrical, windows, doors, cabinets, fixtures, paint, flooring, lighting, and roof, giving you peace of mind for years to come. Step inside to

    Agent Photo

    Andy Hardie

    Hardie Group

    512 N 13th St, Elwood, IN 46036
  • /4

    $18,490

    $6K PRICE DROP
    • Land
    • 5,662 Sq Ft
    • $142,231 per Acre

    1801 S Q St, Elwood, IN 46036

    3 Lots starting at the corner of 18th and S Q St. Investment opportunity awaits.

    Agent Photo

    Jon Ash

    Arc Realty

    1801 S Q St, Elwood, IN 46036
  • /29

    $150,000

    • 7 Beds
    • 3 Baths

    1225 S 25th St, Elwood, IN 46036

    Investor Special! Opportunity awaits with this 3-unit multifamily property in Elwood offering approximately 3,664 square feet of living space. Currently, 2 of the 3 units are occupied, providing immediate rental income potential while the remaining unit is renovated or repositioned. This property is in need of repairs and updates and is being sold AS-IS. Whether you're looking to expand your

    Cameron Smith RE/MAX Real Estate Solutions

    1225 S 25th St, Elwood, IN 46036
  • /23

    $77,000

    $3K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,322 Sq Ft

    2522 N B St, Elwood, IN 46036

    Investor special with serious upside potential! This spacious 3-bedroom, 1-bath home offers a great opportunity for investors, flippers, or buyers looking to add value. The layout provides plenty of space and the potential to convert the property into a 3-bedroom, 2-bath home. Features include generous room sizes, a functional floor plan, and endless possibilities to renovate and customize.

    Rachel Lindsey Peter Khosla, Inc

    2522 N B St, Elwood, IN 46036
  • /3

    $15,000

    • Land
    • 5,662 Sq Ft
    • $115,385 per Acre

    0 N 8th St Unit MBR22083582, Elwood, IN 46036

    Build opportunity in Elwood! This flat 0.13-acre residential-zoned lot is currently being farmed and will require a flag survey to clearly mark boundaries. The parcel has been verified as buildable by the county, making it a great option for new construction. Previously improved with a home removed around 2014, utilities were historically present at the site. Buyer to verify current availability,

    Angela Remter Keller Williams Indy Metro NE

    0 N 8th St Unit MBR22083582, Elwood, IN 46036
  • /24

    $105,000

    $10K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,094 Sq Ft

    2412 S B St, Elwood, IN 46036

    This charming 3-bedroom, 1-bath home offers peace of mind with all the big-ticket items already taken care of—HVAC, roof, electric, and siding were all updated in 2021. Step inside to a bright and welcoming layout, perfect for both everyday living and entertaining. The spacious bedrooms provide plenty of comfort and flexibility, while the updated systems ensure efficiency and low maintenance for

    Nicholas Hindes Peter Khosla, Inc

    2412 S B St, Elwood, IN 46036
  • /2

    $20,000

    • Land
    • 10,890 Sq Ft
    • $80,000 per Acre

    1305 N 8th St, Elwood, IN 46036

    Great location to build your next home. Quiet area close to town and schools. The lot has municipal water, sewer and gas available at the lot. Minimum size home that can be built is 1500 square feet for a one story home and 2200 square feet for a 2-story home. Home to be built by Custom Design Homes, Inc. Other lots are available to choose from.

    Randy Gerber Premier Properties of IN, Inc.

    1305 N 8th St, Elwood, IN 46036
  • /16

    $190,000

    $10K PRICE DROP
    • 4 Beds
    • 1.5 Baths
    • 1,596 Sq Ft

    618 S 17th St, Elwood, IN 46036

    This charming 4 bedroom property in Elwood is full of classic character and modern updates. The heart of the home boasts a beautiful living room and dinning room with natural hardwood floors, leading to a kitchen recently refreshed with custom cabinetry. The thoughtful floor plan features 2 bedrooms on the ground floor with 2 additional bedrooms upstairs. Relax on the covered front porch or enjoy

    Krista Gibson RE/MAX First Integrity

    618 S 17th St, Elwood, IN 46036
  • /19

    $164,900

    $15K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,938 Sq Ft

    1403 Madison Rd, Elwood, IN 46036

    An inviting single family residence awaits discovery at 1403 Madison RD in ELWOOD, IN, USA, offering a thoughtfully designed space for everyday moments. Within its generous 1938 square feet of living area, the residence provides expansive interiors, creating ample room for diverse activities and personal expression. Three distinct bedrooms offer private retreats, each presenting tranquil

    Terry Sheets Jeff Boone Realty, LLC

    1403 Madison Rd, Elwood, IN 46036
  • /13

    $94,900

    $7K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,814 Sq Ft

    928 S A St, Elwood, IN 46036

    Excellent investment opportunity on this bungalow in Elwood! Last rent was $985/month. Property needs some work but near parks and close to Speedway or Downtown. This 2 bedroom home features enclosed front and back porches, 2 spacious bedrooms on the main level, large eat-in kitchen with a breakfast bar, ceiling fans, separate laundry room, a huge upstairs loft area that could be used as a 3rd

    Sam Barron Barron Property Services

    928 S A St, Elwood, IN 46036
  • /30

    $160,000

    $40K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 3,482 Sq Ft

    1909 S J St, Elwood, IN 46036

    This 4 bedroom 2 full bathroom home offers an open and airy feel with floor to ceiling windows. It's been updated from it's original glory but still contains some of the original features that leave a charming reminder of years past. The outdoor covered patio and HUGE shed, that is big enough for a car, offer space and storage options for a well-lived life! Come and tour this home and see how it

    Kelly Johnson eXp Realty, LLC

    1909 S J St, Elwood, IN 46036
  • /2

    $150,000

    • Land
    • 7.01 Acres
    • $21,398 per Acre

    0 Indiana 13, Elwood, IN 46036

    This 7 acre property in Elwood is mostly wooded with a creek on the property.

    Tracy Ward Carpenter, REALTORS®

    0 Indiana 13, Elwood, IN 46036
  • /2

    $15,000

    • Land
    • 6,098 Sq Ft
    • $107,143 per Acre

    0 N J St, Elwood, IN 46036

    VACANT LOT WITH ALLEY ACCESS - FLOOD PLAIN - DEVELOPMENT OPPORTUNITY Vacant 40' x 147' lot with rear alley access, offering potential for new construction with proper planning. Property is located within the 100-year flood plain and is best suited for buyers experienced with flood zone development, elevation requirements, or alternative land use. Ideal for elevated construction such as raised

    Angela Remter Keller Williams Indy Metro NE

    0 N J St, Elwood, IN 46036
  • /2

    $20,000

    • Land
    • 6,534 Sq Ft
    • $133,333 per Acre

    2800 S K St, Elwood, IN 46036

    Level lot ready to build on right in the heart of Elwood! This is a quiet dead end street in an established neighborhood! What a great way to achieve an affordable brand new home!!

    Jessica McGuire Weichert Realtors EPG

    2800 S K St, Elwood, IN 46036
  • /25

    $139,900

    $10K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,072 Sq Ft

    1518 S G St, Elwood, IN 46036

    Completely renovated and move-in ready for under $150,000! This affordable Elwood home offers peace of mind with extensive updates throughout, including a new roof, siding, gutters, plumbing, electrical system, HVAC, water heater, flooring, fresh paint, cabinets, and countertops. The modern interior features a bright, updated living space and a stylish kitchen ready for everyday living and

    Jeffrey Cummings RE/MAX Complete

    1518 S G St, Elwood, IN 46036
  • /26

    $135,000

    $20K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 912 Sq Ft

    413 N 12th St, Elwood, IN 46036

    Discover the charm of 413 N 12th ST, ELWOOD, IN, a delightful 912 sq ft single-family residence built in 1900. This inviting home, ready for you to move in, offers a unique blend of historical character and comfortable living. This charming bungalow offers two comfortable bedrooms and a well-appointed full bathroom, ensuring ample space for relaxation and daily routines. A dedicated laundry room

    Logan McNitt Trueblood Real Estate

    413 N 12th St, Elwood, IN 46036
  • /17

    $49,000

    • 4 Beds
    • 1.5 Baths
    • 1,870 Sq Ft

    2217 S F St, Elwood, IN 46036

    **FIXER UPPER OPPORTUNITY** Great opportunity for investors and fixer uppers in Elwood. Nice house with four bedrooms and 1 bathroom on main floor and half bathroom on the upper floor, needs full rehab.

    Juan Cassella F.C. Tucker Company

    2217 S F St, Elwood, IN 46036
  • /39

    $142,900

    • 2 Beds
    • 1 Bath
    • 1,128 Sq Ft

    806 S 17th St, Elwood, IN 46036

    Welcome to 806 S 17th St in Elwood! This 2-bedroom, 1-bath home offers plenty of character and practical space both inside and out. The home features a functional layout with charming details that add warmth and personality throughout. Outside, you'll find a large detached garage that provides excellent space for parking, storage, hobbies, or workshop use. The yard offers room to enjoy outdoor

    Ryan Kramer RE/MAX Real Estate Groups

    806 S 17th St, Elwood, IN 46036
  • /18

    $169,900

    • 3 Beds
    • 2 Baths
    • 1,288 Sq Ft

    707 N Anderson St, Elwood, IN 46036

    Recently remodeled 3 bedroom 2 full bath ranch style home with deck, porch and oversized 2 car garage! All new kitchen will appeal to the cook in the family! Primary suite has 2 closets, a shower/jacuzzi tub in the primary bath. Laundry adjoins primary bath for ease of use. 2nd bedroom has a walk-out to the large deck while 3rd bedroom has a quiet area away from others with giant closet! Living

    Christopher Oaks Highgarden Real Estate

    707 N Anderson St, Elwood, IN 46036
  • /2

    $9,500

    • Land
    • 5,227 Sq Ft
    • $79,167 per Acre

    xxx N D St, Pipe Creek Township, IN 46036

    PROPERTY IS BEING SOLD 'AS IS, WHERE IS, HOW IS'. All offers require 7 days to respond. All quoted sizes and general information are according to Madison County property card. Property Taxes are To Be Determined. Information deemed reliable but not guaranteed. It is up to the buyer to verify. This Property was obtained through a Tax Sale. LOT on NORTH D STREET IN ELWOOD, MADISON COUNTY, INDIANA

    Richard Tarvin SOUTHERN CROSS

    xxx N D St, Pipe Creek Township, IN 46036
  • /35

    $190,000

    • 3 Beds
    • 3 Baths
    • 1,392 Sq Ft

    805 S 17th St, Elwood, IN 46036

    Discover the perfect balance of small-town serenity and modern luxury in this beautifully transformed Elwood home. Ideally situated in a friendly community known for its local charm and annual festivals, this property offers an easy commute to major hubs, located just 20 minutes from Anderson and a straight, scenic drive to the premier shopping, dining, and entertainment in Noblesville. This

    Robyn Breece @properties

    805 S 17th St, Elwood, IN 46036
  • /2

    $20,000

    • Land
    • 10,890 Sq Ft
    • $80,000 per Acre

    1313 N 8th St, Elwood, IN 46036

    Great location to build your next home. Quiet area close to town and schools. Lot has municipal water, sewer and gas available at the lot. Minimum size home to be 1500 square feet for a one story and 2200 square feet for a 2-story. Home to be constructed by Custom Design Homes, Inc. Other lots are available to choose from.

    Randy Gerber Premier Properties of IN, Inc.

    1313 N 8th St, Elwood, IN 46036
  • /28

    $79,900

    $5K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 878 Sq Ft

    1312 N D St, Elwood, IN 46036

    This charming ranch-style home is full of character and ready for someone to make it their own. Built in 1892, this single-level home offers 878 square feet of living space with 2 bedrooms, 1 full bath, and a bonus room that could serve as an office, flex space, or possible third bedroom with its own exterior entrance. Featuring vinyl siding, original wood windows, and plenty of potential, this

    Terry Young Red Bridge Real Estate

    1312 N D St, Elwood, IN 46036
  • /4

    $14,900

    • Land
    • 5,227 Sq Ft
    • $124,167 per Acre

    2205 S E St, Elwood, IN 46036

    Two city lots located at 2205 South E Street in Elwood. Road frontage with alley access in rear and on west side of property.

    Richard Shepherd Arc Realty

    2205 S E St, Elwood, IN 46036
  • /2

    $20,000

    • Land
    • 10,890 Sq Ft
    • $80,000 per Acre

    1301 N 8th St, Elwood, IN 46036

    Great location to build your next home. Quiet area close to town and schools. The lot has municipal water, sewer and gas available at the lot. Minimum size home that can be built is 1500 square feet for a one story home and 2200 square feet for a 2-story home. Home to be constructed by Custom Design Homes, Inc. Other lots are available to choose from.

    Randy Gerber Premier Properties of IN, Inc.

    1301 N 8th St, Elwood, IN 46036
  • /24

    $110,000

    $25K PRICE DROP
    • 2 Beds
    • 1 Bath
    • 1,184 Sq Ft

    718 Main St, Elwood, IN 46036

    Renovated 3 bedroom home presents an opportunity to embrace comfortable living. Ready to move in, this single-family residence awaits your personal touch. The living room offers a gas log fireplace adjacent to a formal living room. The kitchen is designed for both functionality and style, featuring new appliances. The property offers an enclosed porch off the back and a covered front porch. The

    Justin Puckett Keller Williams Indy Metro NE

    718 Main St, Elwood, IN 46036
  • /2

    $15,000

    • Land
    • 9,147 Sq Ft
    • $71,429 per Acre

    0 N E St, Elwood, IN 46036

    Versatile 0.21-acre residential lot available in an established Elwood neighborhood! Featuring 65.4' of frontage and 140' of depth, this level parcel offers a paved-access site with electricity available at the street. Please note: Due to city infrastructure limitations, there is currently insufficient water pressure for residential home construction. This makes the lot a perfect opportunity for

    Angela Remter Keller Williams Indy Metro NE

    0 N E St, Elwood, IN 46036
  • /19

    $109,900

    • 2 Beds
    • 1 Bath
    • 940 Sq Ft

    2013 S J St, Elwood, IN 46036

    This 2-bedroom, 1 bath home offers just under 1,000 square feet in a quiet setting, set back off the road for added privacy. This home has been cared for, size is manageable, and the layout has a cozy feel! This home features bamboo hardwood flooring, a metal roof, and new windows, helping cut down on future maintenance. Inside, it's a simple setup that works well for everyday living. Out front,

    Brayton Scott Greenside Realty Group

    2013 S J St, Elwood, IN 46036
  • /4

    $23,500

    $1K PRICE DROP
    • Land
    • 5,662 Sq Ft
    • $180,769 per Acre

    0 12 St N Unit MBR22066123, Elwood, IN 46036

    Corner lots on near northside of Elwood. Total area is 80X136. Parcel # 48-04-09-401-138.000-027 Taxes $102.00 year 40X136 Parcel # 48-04-09-401-171.000-027 Taxes $ 183.00 year .12 acre 40 foot frontage It is possible to build a four plex here.

    Ray Watson Bill Brogdon Realty

    0 12 St N Unit MBR22066123, Elwood, IN 46036
  • /4

    $66,000

    $9K PRICE DROP
    • Land
    • 40,075 Sq Ft
    • $71,739 per Acre

    0 County Road 1050 N, Elwood, IN 46036

    Build your dream home on this beautiful vacant lot located on the edge of town! Sitting at just under an acre, this property offers the perfect blend of country and convenience. Enjoy the peaceful setting while still being just minutes from everything Elwood has to offer. The backyard adjoins directly to Elwood Golf Links, giving you scenic views with no rear neighbors. Opportunities like this

    London Leavell Greenside Realty Group

    0 County Road 1050 N, Elwood, IN 46036
  • /12

    $6,900

    • Land
    • 8,712 Sq Ft
    • $34,500 per Acre

    1324 S C St, Elwood, IN 46036

    Dan Eddy Eddy Properties, LLC

    1324 S C St, Elwood, IN 46036
  • /2

    $15,000

    • Land
    • 6,098 Sq Ft
    • $107,143 per Acre

    0 N 14th St, Elwood, IN 46036

    This platted lot offers approximately 40x147 in size and is located in Elwood Community School District. The property is situated within a FEMA-designated AE flood zone (Special Flood Hazard Area). Development may be possible with proper planning, elevation, and compliance with local and state requirements. Buyers are encouraged to verify floodplain requirements, utility availability, and

    Angela Remter Keller Williams Indy Metro NE

    0 N 14th St, Elwood, IN 46036
  • /19

    $135,000

    $25K PRICE DROP
    • 4 Beds
    • 1 Bath
    • 1,080 Sq Ft

    2115 S I St, Elwood, IN 46036

    Value add opportunity in Elwood with heavy lifting already done. Brand new framework, all new HVAC system including air conditioner and furnace, fully electric, and all new windows installed. Drywall is up and ready for finishing. Flooring still needs to be laid. Perfect for investors seeking a clean rehab with clear scope, fast turnaround potential, and solid ARV upside.

    Jameka Howard Compass Indiana, LLC

    2115 S I St, Elwood, IN 46036
  • /17

    $89,900

    $10K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,500 Sq Ft

    1534 S P St, Elwood, IN 46036

    Investors take notice. Three bedroom one bath home on two lots. Detached garage with new roof. Fenced in Backyard. Good size rooms. Located on south side of Elwood. Tenants will sign a 5 year lease.

    Ray Watson Bill Brogdon Realty

    1534 S P St, Elwood, IN 46036

Home Price Trends

Median Sale Price
$167,750
Median Single Family Sale Price
$168,000
Median Townhouse Sale Price
$229,900
Median 2 Bedroom Sale Price
$134,900
Median 1 Bedroom Sale Price
$119,900
Average Price Per Sq Ft
$118
Number of Homes for Sale
39
Last 12 months Home Sales
180
Months of Supply
2.60
Median List Price
$179,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
4%
How to Buy a Home How to Finance a Home How to Sell a Home