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 |
|---|---|---|---|---|---|---|---|
| 2/179-183 Brighton Rd, Elwood | 2 |  | Apartment | Auction Sale | 24/10/2025 | Jellis Craig | Chisholm & Gamon Elwood | View |
| 1/18 Shelley St, Elwood | 2 |  | Apartment | Auction Sale | 24/10/2025 | Gary Peer & Associates | View |
| 76A Spray St, Elwood | 3 |  | Townhouse | Auction Sale | 24/10/2025 | Chisholm & Gamon | View |
| 5/1 Avoca Ct, Elwood | 1 |  | Apartment | Private Sale | 19/10/2025 | Jellis Craig | Chisholm & Gamon Elwood | View |
| 4/7 Bluff Av, Elwood | 2 |  | Apartment | Expression of Interest | 14/10/2025 | Jellis Craig | Chisholm & Gamon Elwood | View |
| 107/122 Ormond Rd, Elwood | 1 |  | Apartment | Private Sale | 9/10/2025 | Jellis Craig | Chisholm & Gamon Elwood | View |
| 1/5 Knight St, Elwood | 2 |  | Apartment | Passed in at Auction | 24/10/2025 | Chisholm & Gamon | View |
| 1/37 Ruskin St, Elwood | 1 | | Apartment | Auction Sale | 24/10/2025 | Jellis Craig | View |
| 91 Spray St, Elwood | 3 | | House | Auction Sale | 24/10/2025 | Chisholm & Gamon | View |
| 433 St Kilda St, Elwood | 4 | | House | Auction Sale | 24/10/2025 | Marshall White & Co | View |
| 12/15 Pine Av, Elwood | 1 | | Apartment | Private Sale | 23/10/2025 | McGrath | View |
| 4/115 Addison St, Elwood | 3 | | Townhouse | Sold Before Auction | 19/10/2025 | Buxton - Elwood | |
| 90 Addison St, Elwood | 4 | | House | Expression of Interest | 16/10/2025 | Kay & Burton | |
| 59 Broadway , Elwood | 3 | | Townhouse | Private Sale | 16/10/2025 | Jellis Craig | Chisholm & Gamon Elwood | View |
| 11/11 Milton St, Elwood | 2 | | Apartment | Sold Before Auction | 13/10/2025 | Marshall White & Co | View |
| 10 Lytton St, Elwood | 2 | | House | Sold Before Auction | 29/09/2025 | Jellis Craig | |
| 6/11 Hartpury Av, Elwood | 2 | | Apartment | Private Sale | 11/09/2025 | Buxton Stonnington | View |
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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