Is Drake, CO 80515 a buyer’s or seller’s market?
Drake is a balanced market. With about 5.8 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, CO 80515 sold above their list price, the typical home went under contract in 72 days and there were 5.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold about as fast and the median sale price rose 10% to $484,790. Overall, Drake is about as competitive as it was a year ago.
Within Larimer 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, Fort Collins 80526 (23% sold over asking) and Fort Collins 80521 (20% sold over asking) are even more competitive.
Run the numbers for 80515
Nearby markets
Bellvue 80512Buyer’s market $309 /sq ftBerthoud 80513Balanced $249 /sq ftEstes Park 80517Buyer’s market $415 /sq ftFort Collins 80521Seller’s market $378 /sq ft Browse all markets →Where Drake is
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Questions about Drake real estate
Is Drake a buyer’s or seller’s market?
A balanced market: there were 5.8 months of supply in Drake, CO 80515 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Drake?
The typical home went under contract in 72 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 96.9% of the list price.
What are property taxes in Drake?
About 0.50% of a home’s value a year in Larimer County, or roughly $2,000 on a $400,000 home.
What is the median home price in Drake?
The median sale price was $484,790 in the three months ending August 31, 2026, about $313 per square foot.
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More tools for 80515
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology