Is Drake, ND 58736 a buyer’s or seller’s market?
Drake is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Drake housing market right now
In the three months ending August 31, 2026, 0% of homes in Drake, ND 58736 sold above their list price and the typical home went under contract in 204 days. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (36 days then) and the median sale price rose 83% to $334,855. Overall, Drake is less competitive than a year ago, which gives buyers more room.
Within McHenry County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Velva 58790 (25% sold over asking) is even more competitive.
Run the numbers for 58736
Nearby markets
Deering 58731 — /sq ftGranville 58741 — /sq ftKarlsruhe 58744Seller’s market $60 /sq ftNorwich 58768 $219 /sq ft Browse all markets →Where Drake is
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Questions about Drake real estate
How fast do homes sell in Drake?
The typical home went under contract in 204 days in the latest three months.
Do homes in Drake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 85.9% of the list price.
What are property taxes in Drake?
About 0.66% of a home’s value a year in McHenry County, or roughly $2,640 on a $400,000 home.
What is the median home price in Drake?
The median sale price was $334,855 in the three months ending August 31, 2026, about $252 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology