Comprehensive market data and analysis• Updated Oct 2026
11.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 4 | 15 | 34 | 69 |
| 1-2 acres | - | 2 | 9 | 18 |
| 2-5 acres | 1 | 5 | 12 | 19 |
| 5-10 acres | 1 | 2 | 7 | 16 |
| 10-20 acres | - | - | 5 | 9 |
| 20-50 acres | - | 1 | 3 | 6 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 6 | 25 | 70 | 138 |
Acreage buckets
The median price for land in Olympia, Washington is currently $100K per acre. For a typical parcel, the median sale price is $166K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $32K while premium lots reached $675K.
Olympia, Washington is currently a buyer's market with 11.3 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 28.6% year-over-year.
Olympia, Washington currently has 11.3 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
There are currently 94 active listings in Olympia, Washington. 2 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 8.9% (3-month basis), indicating moderate demand. With depreciating values (-28.6% YoY), buyers may find value opportunities.
The 3-month absorption rate in Olympia, Washington is 8.9%. The 12-month rate is 12.2%. 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 138 properties sold, totaling $54.2M in sales volume. In just the last 3 months, 25 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, 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 Olympia on LandyDandy.
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