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Featured local agent — Drake, ND
Sarah Mitchell
Compass Real Estate · Drake, ND
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Drake, ND Housing Market & Real Estate
Housing market overview · Updated monthly ·
$62,500median sale price
How is the Drake, ND housing market right now?
The median home sale price in Drake, ND is $62,500, down 50.0% year-over-year with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of October 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Drake a buyer's or seller's market?
Drake, ND is currently a seller's market, based on 1.0 months of supply. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
—
Average pace
Active listings
1
1.0 months supply
Sale-to-list
—
Below asking
What does the Drake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $62,500 |
| Median list price | $84,000 |
| Year-over-year price change | -50.0% |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Median price per sq ft | $47/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Drake by property type?
How the Drake, ND market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $62,500 | $47/sq ft | 1 | — |
Source: Redfin · Updated monthly
The Drake housing market is currently classified as a seller's market with a median sale price of $62,500. Prices have fallen 50.0% compared to last year, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 1.7x provides context for how home values compare to local earning capacity.
Homes for sale in Drake
There are currently 1 homes listed for sale in Drake, North Dakota. The median listing price is $84K.
Active listings
1
Homes on market
Median list price
$84K
New this week
1
Newly listed
Who lives in Drake?
Population
245
Median income
$46,875/yr
Median age
44.5 years
Owner-occupied
83.2%
College grads
10.8%
Avg commute
13.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Drake?
Zillow home value
$81,039
Price-to-income
1.7x
Source: Zillow Research
What is it like to live in Drake?
Drake is a community of approximately 0K residents with a median age of 44.5 years.The median household income is $46,875, which represents a working-class community with solid middle-income opportunities. 10.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 83.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 13.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Drake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Drake?
1 schools tracked · 77 students
The largest public schools serving Drake, ND by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
DRAKE HIGH SCHOOL
Grades 7-12 · 77 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Drake, ND?
Want a head-to-head view? Compare Drake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Drake?
The median home sale price in Drake is $62,500, down 50.0% from last year.
What is the median income in Drake?
The median household income is $46,875 per year.
Is Drake a buyer's or seller's market?
With 1.0 months of supply, Drake is currently a seller's market.
What is the Zillow home value estimate for Drake?
The Zillow Home Value Index (ZHVI) for Drake is $81,039, representing the typical home value in the area.
How much does a single-family home cost in Drake?
The median single-family home price in Drake, ND is $62,500 (about $47 per square foot).
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