Is Elwood, NE 68937 a buyer’s or seller’s market?
Elwood is a seller’s market. With about 3.6 months of supply and 0% 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.
More competitive than 13% of U.S. ZIP codes, and #83 of 84 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Elwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Elwood, NE 68937 sold above their list price, the typical home went under contract in 50 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (47 days then) and the median sale price rose 89% to $519,775. Overall, Elwood is about as competitive as it was a year ago.
On our competition score, Elwood ranks #83 of 84 NE ZIP codes with enough sales (score 19 out of 100).
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Questions about Elwood real estate
Is Elwood a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Elwood, NE 68937 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Elwood?
The typical home went under contract in 50 days in the latest three months.
Do homes in Elwood sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Elwood?
About 1.05% of a home’s value a year in Gosper County, or roughly $4,200 on a $400,000 home.
What is the median home price in Elwood?
The median sale price was $519,775 in the three months ending August 31, 2026, about $399 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology