Comprehensive market data and analysis• Updated Dec 2025
15.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 7 | 24 | 55 | 110 |
| 1-2 acres | - | 3 | 5 | 15 |
| 2-5 acres | - | 6 | 9 | 15 |
| 5-10 acres | - | 1 | 1 | 14 |
| 10-20 acres | 1 | 8 | 9 | 19 |
| 20-50 acres | - | 2 | 5 | 7 |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | 2 | 3 |
| TOTAL | 8 | 44 | 87 | 184 |
Acreage buckets
The median price for land in Spokane, Washington is currently $330K per acre. For a typical parcel, the median sale price is $167K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $74K while premium lots reached $460K.
Spokane, Washington is currently a strong buyer's market with 15.3 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 59.3% year-over-year.
Spokane, Washington currently has 15.3 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Spokane, Washington typically sells within 70 days of listing. The median time on market is 33 days. Properties are moving at a moderate pace in the current strong buyer's market.
The current absorption rate in Spokane, Washington is 6.5% (3-month basis), indicating slow demand. With appreciating values (+59.3% YoY), the market shows growth potential. The top-performing broker in this market is Windermere Manito, LLC.
There are currently 224 active listings in Spokane, Washington. 75 new listings have hit the market in the last 90 days. The median asking price is $225K.
Land in Spokane, Washington averages $538K per acre. The median price per acre is $330K, which may be more representative of typical transactions. Most parcels sold are around 16,117 sq ft.
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.