Comprehensive market data and analysis• Updated Dec 2025
69.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 4 |
| 1-2 acres | 1 | 1 | 1 | 1 |
| 2-5 acres | - | - | 1 | 3 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | 1 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 1 | 3 | 10 |
Acreage buckets
The median price for land in Spanaway, Washington is currently $90K per acre. For a typical parcel, the median sale price is $173K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $123K while premium lots reached $316K.
Spanaway, Washington is currently a strong buyer's market with 69.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 67.7% year-over-year.
Spanaway, Washington currently has 69.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in Spanaway, Washington averages $153K per acre. The median price per acre is $90K, which may be more representative of typical transactions. Most parcels sold are around 1.6 acres.
Over the past 12 months, Spanaway, Washington saw 10 properties sold, totaling $2.0M in sales volume. In just the last 3 months, 1 properties changed hands.
The 3-month absorption rate in Spanaway, Washington is 1.4%. The 12-month rate is 3.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Spanaway, Washington stands at $173K. This translates to roughly $90K per acre for the typical parcel size. The average price is $198K, indicating some higher-priced properties pulling up the average.
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.
