Hodges Real Estate

Suburb Overview

Patterson Lakes – 3197

  • 7,793Population
  • 46Median Age

Suburb Performance Potential - 02/24 Quarter

    Patterson Lakes – 3197
    • $1,225,000Median House Price
      (Updated Feb 2024)
    • -12.50%Quarterly Price Change
    • $678,000Median Unit Price
      (Updated Feb 2024)
    • -1.02%Quarterly Price Change

    Patterson Lakes is located 32 km south-east of the CBD. Patterson Lakes has been one of the faster growing suburbs in Melbourne's south over the past fifteen years. The suburb is based on the Patterson River and features a significant canal network and a number of harbours surrounded by residential areas. Like a number of bayside areas Patterson Lakes has many aged care facilites such as The Patterson Village Retirement Centre and the Illawong Lakeside Retirement Units.

    Sales Snapshot for Patterson Lakes – 3197

    • 73.91%Auction Clearance Rate
      Summary Date: 24 Apr 24
    • 22.77%Auctioned Sale Method
      (Last 12 months)
      Summary Date: 24 Apr 24
    • 34 daysMedian days on market
      (Last 12 months)
      From April 24
    • 101Total Sales
      From April 24

    Median SalesFrom properties in proximity to Patterson Lakes – 3197

    • Patterson Lakes$1,300,000
    • Bonbeach$1,195,000
    • Carrum$963,000
    • Seaford$831,099
    • Carrum Downs$690,000
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    Listings for Patterson Lakes – 3197

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