Comprehensive market data and analysis• Updated Dec 2025
26.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 5 | 7 |
| 1-2 acres | - | - | 1 | 1 |
| 2-5 acres | - | - | - | 2 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | 2 | 2 |
| 50-100 acres | - | 1 | 1 | 2 |
| 100+ acres | - | 1 | 3 | 3 |
| TOTAL | 0 | 3 | 12 | 17 |
Acreage buckets
The median price for land in Elk City, Oklahoma is currently $10K per acre. For a typical parcel, the median sale price is $38K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $9K while premium lots reached $354K.
Elk City, Oklahoma is currently a strong buyer's market with 26.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Elk City, Oklahoma currently has 26.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Elk City, Oklahoma averages $67K per acre. The median price per acre is $10K, which may be more representative of typical transactions. Most parcels sold are around 4.0 acres.
The median land price in Elk City, Oklahoma stands at $38K. This translates to roughly $10K per acre for the typical parcel size. The average price is $134K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Elk City, Oklahoma is 3.9%. The 12-month rate is 5.5%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Elk City, Oklahoma is 3.9% (3-month basis), indicating slow demand. The top-performing broker in this market is UC OK Sunset Realty & Auctions.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
