The Drake housing market is very competitive. The median sale price of a home in Drake was $190K last month, down 8.7% since last year. The median sale price per square foot in Drake is $126, down 18.7% since last year.
In May 2025, Drake home prices were down 8.7% compared to last year, selling for a median price of $190K. On average, homes in Drake sell after 33 days on the market compared to 13 days last year. There were 29 homes sold in May this year, down from 30 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$190,000
-8.7% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Drake, IA
$190,000
-8.7%
United States
To compare other locations to the Drake and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Des Moines add value to a home.
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How hot is the Drake housing market?
Drake is very competitive. Homes sell in 12.5 days.
0
100
75
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% below list price and go pending in around 13 days.
Hot homes
can sell for about 1% above list price and go pending in around 3 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. 100 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.