Is Drake, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Drake was a Seller's Market.
Housing Prices in Drake, CO
How much do homes in Drake, CO cost?
Median Sold Price
$455,000
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Drake was $455,000 in April 2024, down 8.1% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $402.5K | $240K | -40.4% |
2 Bedrooms | $411.6K | $444K | +7.9% |
3 Bedrooms | $578K | $603K | +4.3% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $995K | - | N/A |
Summary: Drake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.4%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Livermore | $505K | $527.5K | +4.5% |
Estes Park | $675K | $698.1K | +3.4% |
Drake | $495K | $455K | -8.1% |
Housing Supply in Drake, CO
How many homes are available in Drake, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Summary: The Drake real estate market had 19 homes for sale in April 2024, a 46.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Drake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Drake in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Drake, CO
How long does it take to sell a home in Drake, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
144 Days | 177 Days | +22.9% |
Summary: Homes in Drake had an average of 177 days on market in Apr 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Drake; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.