Comprehensive market data and analysis• Updated Oct 2026
10.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 2 | 3 |
| 1-2 acres | - | - | - | 3 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | 1 | 1 | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 3 | 4 | 9 |
Acreage buckets
The median price for land in Drake, Colorado is currently $62K per acre. For a typical parcel, the median sale price is $96K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $75K while premium lots reached $261K.
Drake, Colorado is currently a buyer's market with 10.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Drake, Colorado currently has 10.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Drake, Colorado is 10.0%. The 12-month rate is 6.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Drake, Colorado typically sells within 153 days of listing. The median time on market is 127 days. Properties are moving slowly in the current buyer's market.
Over the past 12 months, Drake, Colorado saw 8 properties sold, totaling $1.1M in sales volume. In just the last 3 months, 3 properties changed hands.
Land in Drake, Colorado averages $87K per acre. The median price per acre is $62K, which may be more representative of typical transactions. Most parcels sold are around 1.8 acres.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Drake on LandyDandy.
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