Comprehensive market data and analysis• Updated Dec 2025
24.0 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 |
| 5-10 acres | - | - | 1 | 8 |
| 10-20 acres | - | 1 | 5 | 9 |
| 20-50 acres | - | 1 | 1 | 2 |
| 50-100 acres | - | - | 2 | 2 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 0 | 2 | 9 | 23 |
Acreage buckets
The median price for land in Elk, Washington is currently $11K per acre. For a typical parcel, the median sale price is $159K. 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 $376K.
Elk, Washington is currently a strong buyer's market with 24.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Elk, Washington currently has 24.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Elk, Washington is 4.2%. The 12-month rate is 12.0%. 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 23 properties sold, totaling $5.0M in sales volume. In just the last 3 months, 2 properties changed hands.
Land in Elk, Washington typically sells within 39 days of listing. The median time on market is 17 days. Properties are moving quickly in the current strong buyer's market.
The current absorption rate in Elk, Washington is 4.2% (3-month basis), indicating slow demand. The top-performing broker in this market is Windermere Manito, LLC.
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.
