Comprehensive market data and analysis• Updated Dec 2025
25.9 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 11 | 32 |
| 1-2 acres | - | 1 | 2 | 6 |
| 2-5 acres | 1 | 2 | 6 | 12 |
| 5-10 acres | 1 | 1 | 5 | 12 |
| 10-20 acres | - | 1 | 1 | 3 |
| 20-50 acres | - | 1 | 2 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 8 | 27 | 67 |
Acreage buckets
The median price for land in Olympia, Washington is currently $122K per acre. For a typical parcel, the median sale price is $185K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $25K while premium lots reached $446K.
Olympia, Washington is currently a strong buyer's market with 25.9 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 35.0% year-over-year.
Olympia, Washington currently has 25.9 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 69 active listings in Olympia, Washington. 14 new listings have hit the market in the last 90 days. The median asking price is $250K.
The current absorption rate in Olympia, Washington is 3.9% (3-month basis), indicating slow demand. With depreciating values (-35.0% YoY), buyers may find value opportunities.
The 3-month absorption rate in Olympia, Washington is 3.9%. The 12-month rate is 8.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Olympia, Washington saw 67 properties sold, totaling $31.3M in sales volume. In just the last 3 months, 8 properties changed hands.
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.