Is Elwood, IL 60421 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Elwood is a seller’s market. With about 1.3 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.3Under 4 months = seller’s market

Sold above original list16.7%Share of sales, last 3 months

Median sale-to-list100.2%Sold price ÷ list price

Median days on market116Listing to accepted offer

Median price per sq ft$211▲ +12.7% vs. last year

Run the numbers for 60421

Prefilled for 60421Can I win this house?Multiple-offer likelihood for a listing Prefilled for 60421Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Aurora 60503Seller’s market $227 /sq ft Beecher 60401Balanced $164 /sq ft Bolingbrook 60440Seller’s market $210 /sq ft Bolingbrook 60490Seller’s market $217 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology