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DRAKE, CO 80515

Real Estate Market Report  ·  Larimer County
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The DRAKE, CO real estate market (80515) currently shows 11 active listings, with 1 pending sales. Homes are averaging 117 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 117 days on market compared to 136 days last year.

The median listing price has risen 10% year-over-year, from $464,500 to $511,000.

Whether you are buying or selling in DRAKE, CO, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 849  ·  Density: 6.7/mi²  ·  Median household income: $74,943

Typical home value: $0  ·  Homeownership: 94.3%

Market Overview

Active Listings
11
⇩ 35.3% vs 17 last year
Pending
1
9% pending ratio
Median Price
$511,000
⇧ 10% vs $464,500 last year
Average Price
$616,115
⇧ 19.6% vs $515,064 last year
Days on Market
117
⇩ 14% vs 136 days last year

Price Per Square Foot

Median $/sqft
$369
⇩ 21.2% vs $468/sqft last year
Median Home Size
1,386 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 17 last year
  • Days on market: 117 now vs 136 last year

Median & Average Pricing

Year over Year
  • Median: $511,000 (+10% YoY)
  • Average: $616,115 (+19.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.7 miles — 1,401 listings ($1,199,709,356 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
80515Drake, CO 805150.0 mi12$6,990,768$515,000$582,564
80537Loveland, CO 8053710.5 mi168$129,897,768$569,000$773,201
80517Estes Park, CO 8051713.0 mi127$118,982,363$715,000$936,869
80540Lyons, CO 8054015.6 mi47$55,345,085$1,000,000$1,177,555
80521Fort Collins, CO 8052116.2 mi57$33,074,877$512,500$580,261
80525Fort Collins, CO 8052518.3 mi128$75,398,528$582,000$589,051
80510Allenspark, CO 8051020.1 mi9$10,046,574$967,000$1,116,286
80503Longmont, CO 8050321.8 mi118$243,737,024$725,000$2,065,568
80524Fort Collins, CO 8052422.9 mi158$123,400,212$619,900$781,014
80534Johnstown, CO 8053424.8 mi195$110,218,095$495,000$565,221
80550Windsor, CO 8055025.0 mi289$208,504,830$597,000$721,470
80447Grand Lake, CO 8044725.5 mi92$83,563,232$769,000$908,296
80544Niwot, CO 8054426.7 mi1$550,000$550,000$550,000

Frequently Asked Questions

How many homes are for sale in DRAKE, CO 80515?

As of February 2026, there are 11 active listings in DRAKE, CO (zip code 80515), compared to 17 the prior year.

What is the median home price in DRAKE, CO 80515?

The median listing price in DRAKE, CO 80515 is $511,000 as of February 2026, a 10% increase from $464,500 the prior year.

How long do homes stay on the market in DRAKE, CO?

Homes in DRAKE, CO 80515 spend an average of 117 days on the market before going under contract, compared to 136 days the prior year.

Is it a seller's or buyer's market in DRAKE, CO 80515?

Based on current inventory and days-on-market data as of February 2026, DRAKE, CO 80515 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 117 days on market compared to 136 days last year.

How much can I save on real estate commission in DRAKE, CO?

With SELL123.com's maximum 3% commission, sellers in DRAKE, CO 80515 save an estimated $10,220 compared to a typical 5% commission on the median listing price of $511,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.