The Drake housing market is somewhat competitive. The median sale price of a home in Drake was $185K last month, down 11.9% since last year. The median sale price per square foot in Drake is $175, up 17.0% since last year.
In October 2024, Drake home prices were down 11.9% compared to last year, selling for a median price of $185K. On average, homes in Drake sell after 17 days on the market compared to 9 days last year. There were 33 homes sold in October this year, up from 27 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$185,000
-11.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Drake, IA
$185,000
-11.9%
United States
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How hot is the Drake housing market?
Drake is somewhat competitive. Homes sell in 17 days.
0
100
55
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 17 days.
Hot homes
can sell for around list price and go pending in around 7 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Drake housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Drake.
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Drake has a minor risk of flooding. 83 properties in Drake are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Drake. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Drake has a moderate risk of wildfire. There are 105 properties in Drake that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Drake.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Drake has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Drake is most at risk from tornadoes. 3,457 properties in Drake have some risk of being in a severe wind event within the next 30 years.