Market snapshot
Suburb insights for Elwood3184
Change suburbElwood is a relaxed bayside suburb located approximately 8 km south of the CBD, known for its coastal lifestyle, Art Deco architecture, and village charm. It offers residents leafy streets, beach access, bike trails, and a strong sense of community, with cafes and grocers clustered along Ormond Road. Elwood is especially popular among families, professionals, and downsizers who value proximity to the beach and a quieter pace near the city.
Recent sales and auction results in Elwood
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 38 Goldsmith St, Elwood | 3 |  | House | Private Sale | 14/12/2025 | Nick Johnstone | |
| 3/487 St Kilda St, Elwood | 1 | | Apartment | Private Sale | 17/12/2025 | McGrath | View |
| 2 Austin Av, Elwood | 4 | | House | Private Sale | 3/12/2025 | Jellis Craig | Chisholm & Gamon Elwood | View |
| 6/195 Brighton Rd, Elwood | 2 | | Apartment | Private Sale | 23/11/2025 | Buxton (Port Phillip) Pty Ltd | |
| 379 Barkly St, Elwood | 4 | | House | Private Sale | 16/11/2025 | Buxton (Port Phillip) Pty Ltd |
Sales data
Median sale price
$2.3mil
Quarterly price change
1%
Metro Melbourne Comparison
$955k
2.7%
| Bedrooms | Elwood | Metro comparison |
|---|---|---|
| 2 | $1,562,500 | $910,000 |
| 3 | $1,990,000 | $830,000 |
| 4 | $2,915,000 | $951,500 |
| Insight | Elwood | Metro comparison |
|---|---|---|
| Clearance rate | 65.8% | 81.4% |
| Days on market | 35 | 36 |
Rental data
Median weekly rent
$1,078
Rental yield
2.4%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Elwood | Metro comparison |
|---|---|---|
| 2 | $830 | $580 |
| 3 | $1,078 | $550 |
| 4 | $1,638 | $600 |
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