Woodards market snapshot
Aug 2026
Balaclava

Balaclava Property Market Report

Median House Price

$1,350,000

Median Unit price

$544,500

Av days on market

26 days

AV Rental per week

$730
Balaclava

Turn Key Is What Buyers Want

Buyers across all segments in Balaclava are seeking well-presented, turn key properties this month. They just want to move in and enjoy, and the market is responding well to homes priced in line with expectations.

The mood is optimistic. First home buyers are up and about, and families trading up are taking advantage of the recent corrections in the market. The off-market segment is very active, so plenty is happening beyond what shows up in the public listings.

Stock levels across this part of Melbourne's bayside and inner south are healthy. For owners, a well-presented home priced sensibly is meeting genuine, ready buyers.

Balaclava Demographics

Median age

20-39

Population

5,392

Median rent

$900

Household income

$1,750 - $1,999

Dwelling structure
Flat or Apartment
61.01%
Semi-detached or Terrace
21.27%
House
17.26%
Other
0.46%
Home ownership
Rented
48.29%
Owner Mortgage
29.73%
Owned Outright
19.22%
Other
2.76%
Method of travel to work
Car
26.00%
Train
5.27%
Walk
3.96%
Bus
0.37%
Industry of employment
Professionals
37.58%
Managers
18.77%
Clerical and Administrative Workers
10.05%
Community and Personal Service Workers
9.78%

Market Performance

Median sale price
Properties sold
Auction clearance
Av days on market

Median sale price in Balaclava

Median sale price for houses in Balaclava is $1,350,000, up 10.7% from last year.

Median sale price for units in Balaclava is $544,500, down 5.6% from last year.

Properties sold in Balaclava

Properties sold for houses in Balaclava is 61, up 15.1% from last year.

Properties sold for units in Balaclava is 86, up 14.7% from last year.

Auction clearance in Balaclava

Auction clearance for houses in Balaclava is 81.4%, up 35.7% from last year.

Auction clearance for units in Balaclava is 76.0%, up 20.3% from last year.

Av days on market in Balaclava

Av days on market for houses in Balaclava is 28, down 34.9% from last year.

Av days on market for units in Balaclava is 24, down 11.1% from last year.

Sales data supplied by Domain

Sold Properties

Wondering what homes are actually selling for locally? Browse recently sold properties in the area

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