House Prices

House Prices & Home Values Elwin, IL 2026


Average Data

average house price$19,900
average size per house970 ft²
average price per ft²21 $ / ft²

04/22/2026 - The value range (VR) for house prices in Elwin, IL is $21/ sqft to $21/ sqft. An average home with 970 sqft costs approximately $20,370 to $20,370. Elwin, IL includes 1 ZIP codes and it is located in Macon county. The lowest prices are found in ZIP 62532, while the highest are in ZIP 62532. The average price per sqare feet is $21. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Elwin

6253222 $ / ft²




Historical development of home values in Elwin

Year Estimated value (USD) Change vs. 2025
2010 $9,242 -53.6%
2011 $8,885 -55.4%
2012 $8,861 -55.5%
2013 $9,192 -53.8%
2014 $9,649 -51.5%
2015 $10,144 -49.0%
2016 $10,673 -46.4%
2017 $11,250 -43.5%
2018 $11,871 -40.3%
2019 $12,422 -37.6%
2020 $13,064 -34.4%
2021 $14,859 -25.3%
2022 $17,322 -13.0%
2023 $18,267 -8.2%
2024 $19,324 -2.9%
2025 $19,900 0.0%

Graph: estimated home values in Elwin over time (USD)



Example: 100% financing house in Elwin

Loan amount: $19,900

Interest rate: 6.00%

Fixed monthly payment: $119.31

Breakdown in the 1st month:
Interest portion: $99.50  –  Principal portion: $19.81

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $1,187.35 $244.37 $19,655.63
2 $1,172.28 $259.45 $19,396.18
3 $1,156.28 $275.45 $19,120.73
4 $1,139.29 $292.44 $18,828.29
5 $1,121.25 $310.47 $18,517.82
6 $1,102.10 $329.62 $18,188.19
7 $1,081.77 $349.95 $17,838.24
8 $1,060.19 $371.54 $17,466.70
9 $1,037.27 $394.46 $17,072.24
10 $1,012.94 $418.78 $16,653.46
11 $987.11 $444.61 $16,208.85
12 $959.69 $472.04 $15,736.81
13 $930.58 $501.15 $15,235.66
14 $899.67 $532.06 $14,703.60
15 $866.85 $564.88 $14,138.72
16 $832.01 $599.72 $13,539.00
17 $795.02 $636.71 $12,902.30
18 $755.75 $675.98 $12,226.32
19 $714.06 $717.67 $11,508.65
20 $669.79 $761.93 $10,746.71
21 $622.80 $808.93 $9,937.78
22 $572.90 $858.82 $9,078.96
23 $519.93 $911.79 $8,167.17
24 $463.70 $968.03 $7,199.14
25 $403.99 $1,027.74 $6,171.41
26 $340.60 $1,091.12 $5,080.28
27 $273.30 $1,158.42 $3,921.86
28 $201.86 $1,229.87 $2,691.99
29 $126.00 $1,305.73 $1,386.26
30 $45.47 $1,386.26 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Elwin, IL


1500 sqft3900 sqft
Ø selling price$38,115$81,081
Ø fast selling$34,650$72,973
Ø high price sale$41,580$89,190

In 2026, houses in Elwin, IL will be offered at an average price of $21 per square foot. A 1,500 sqft home priced at $38,115 is 23.74% more expensive per square foot than a 3,900 sqft home priced at $81,081. Home prices in Elwin, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $56,134. Sellers who can wait longer may achieve a higher price of up to $68,608.


Discover Elwin, IL

Elwin, Illinois is a small unincorporated community in Macon County that offers a peaceful, rural lifestyle near the amenities of Decatur. Located along U.S. Route 51 just south of Decatur, Elwin, IL provides quick access to regional employers, shopping, and dining. The community?s low-key character and open spaces appeal to residents seeking quiet living with convenient connections across Central Illinois.

Location and Heritage

Elwin sits within the Decatur metropolitan area and retains strong agricultural roots, with fields, grain facilities, and farm services nearby.
Residents benefit from services and schools in surrounding districts, while enjoying lower traffic and a friendly, small-community feel. The area?s central location puts Springfield, Bloomington, and Champaign within an easy day trip for work or leisure.

Things to Do and Outdoors

Outdoor enthusiasts can explore parks, trails, and fishing at popular spots around Decatur, including the Lake Decatur shoreline and conservation areas.
Local events, farmers markets, and seasonal festivals in nearby towns give Elwin, Illinois residents a variety of community activities to enjoy.

Real Estate and Practical Info

Housing in and around Elwin ranges from farmsteads and acreage to modest single-family homes, offering value for buyers who prioritize space and access to Decatur.
With convenient highways, nearby healthcare and retail, and a calm country setting, Elwin, IL is an appealing base for families, commuters, and retirees.



FAQ – Home Values in Elwin

What is the median home value in Elwin in 2026?

In 2026, the typical home value in Elwin is about $19,900 for an average home size of 970 square feet. This corresponds to an average price of roughly $21 per square foot.

What is the average cost per square foot in Elwin?

In 2026, homes in Elwin sell for an average of around $21 per square foot, with a typical range between $21 and $21 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Elwin is about 970 square feet, with an estimated 2026 value around $19,900.



Locations close to Elwin, IL

Farmersville, IL77 $ / ft²
Findlay, IL70 $ / ft²
Forsyth, IL87 $ / ft²
Edinburg, IL82 $ / ft²
Divernon, IL88 $ / ft²
Decatur, IL65 $ / ft²
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