Suburb

Market snapshot

Suburb insights for Elwood3184

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Elwood 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

AddressBedroomsPriceTypeMethodSale DateAgentListing
12 Joyce St, Elwood5PriceHousePrivate Sale1/03/2026Jellis CraigView
20/17A Milton St, Elwood1PriceApartmentPrivate Sale28/02/2026Saint & WoodView
4/9 Wilton Gr, Elwood1PriceApartmentPrivate Sale28/02/2026Jellis Craig | Chisholm & Gamon ElwoodView
6/59 Ormond Esp, Elwood3PriceTownhouseAuction Sale13/03/2026The Agency VictoriaView
1/22 Selwyn Av, Elwood2PriceUnitAuction Sale12/03/2026Jellis CraigView
1/37 Ormond Esp, Elwood2PriceApartmentSold Before Auction11/03/2026Rodney MorleyView
124 Mitford St, Elwood3PriceHousePrivate Sale2/03/2026Belle Property ArmadaleView
174 Tennyson St, Elwood2PriceHouseSold Before Auction1/03/2026Marshall White & Co
4 Daley St, Elwood4PriceHousePrivate Sale23/02/2026Jellis CraigView

Sales data

Median sale price
$2.1mil
Quarterly price change
-2.3%
Metro Melbourne Comparison
$974k
1.8%
BedroomsElwoodMetro comparison
2$1,462,500$940,000
3$1,905,000$851,000
4$2,900,000$970,000
InsightElwoodMetro comparison
Clearance rate70.2%77.8%
Days on market3336

Rental data

Median weekly rent
$1,100
Rental yield
2.5%
Metro Melbourne Comparison
$580
3.2%
BedroomsElwoodMetro comparison
2$820$585
3$1,100$550
4$1,690$600
Median data for the current quarter
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