Elwood, IL

Real estate in Elwood is a hot commodity. The city has seen an influx of new residents and businesses in recent years, which has led to an increase in demand for homes and commercial space. There are a number of factors that have contributed to this trend, including the city's proximity to major metropolitan areas ( Chicago and St. Louis), its strong economy, and its diverse population.

Elwood is located just north of Chicago in Cook County. It is bordered by the city of Chicago on the south and west, unincorporated Lake County on the north, and unincorporated Kane County on the east. The population of Elwood was 36,811 as of the 2010 census, making it one of the smaller cities in Cook County. However, due to its close proximity to larger cities and its growing population base, Elwood has seen significant growth over the past few years.

The city's economy is based largely on services (particularly healthcare) and manufacturing (particularly automotive). However, there has been a recent shift towards technology-related businesses due to Elwood's strong infrastructure (including access to fiber optic networks) and educated workforce. This has led to increased demand for office space and residential units near these businesses.

Homes in Elwood are typically priced between $150K-$300K; however, there are a number of luxury homes available for sale at prices upwards of $1 million+. Commercial properties also tend to be more expensive than those found in other parts of Illinois; however, this may be due more to location than quality or design considerations. Overall, real estate prices in Elwood are relatively stable compared with other parts of Illinois; however, they do fluctuate depending on market conditions