Comprehensive market data and analysis• Updated Oct 2026
12.9 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | 1 | 1 | 1 |
| 5-10 acres | 1 | 1 | 2 | 2 |
| 10-20 acres | - | 2 | 4 | 5 |
| 20-50 acres | 1 | 1 | 2 | 3 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | 2 | 3 | 3 |
| TOTAL | 2 | 7 | 12 | 15 |
Acreage buckets
The median price for land in Elk, Washington is currently $9K per acre. For a typical parcel, the median sale price is $220K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $92K while premium lots reached $595K.
Elk, Washington is currently a strong buyer's market with 12.9 months of supply. Buyers have more negotiating power and can take time to find the right property.
Elk, Washington currently has 12.9 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The 3-month absorption rate in Elk, Washington is 7.8%. The 12-month rate is 4.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Elk, Washington saw 15 properties sold, totaling $4.1M in sales volume. In just the last 3 months, 7 properties changed hands.
Land in Elk, Washington typically sells within 85 days of listing. The median time on market is 40 days. Properties are moving at a moderate pace in the current strong buyer's market.
The current absorption rate in Elk, Washington is 7.8% (3-month basis), indicating slow demand. The top-performing broker in this market is Arcadia Realty.
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 on LandyDandy.
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