Comprehensive market data and analysis• Updated Oct 2026
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | 1 | 1 | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | 1 | 2 | 2 |
| 10-20 acres | 1 | 1 | 1 | 1 |
| 20-50 acres | - | - | 1 | 2 |
| 50-100 acres | - | - | 2 | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 3 | 7 | 9 |
Acreage buckets
The median price for land in Elk Creek, Virginia is currently $9K per acre. For a typical parcel, the median sale price is $55K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $19K while premium lots reached $250K.
Elk Creek, Virginia is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Elk Creek, Virginia currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The median land price in Elk Creek, Virginia stands at $55K. This translates to roughly $9K per acre for the typical parcel size. The average price is $108K, indicating some higher-priced properties pulling up the average.
Over the past 12 months, Elk Creek, Virginia saw 6 properties sold, totaling $648K in sales volume. In just the last 3 months, 2 properties changed hands.
The 3-month absorption rate in Elk Creek, Virginia is 33.3%. The 12-month rate is 25.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Elk Creek, Virginia averages $12K per acre. The median price per acre is $9K, which may be more representative of typical transactions. Most parcels sold are around 8.1 acres.
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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Elk Creek on LandyDandy.
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