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Town comparisons › Drake vs Fort Collins

Drake vs Fort Collins

Drake and Fort Collins are both in Larimer County. There are 30 homes for sale in Drake and 729 in Fort Collins as this page loaded. Fort Collins is the more expensive of the two: a median asking price of $547,000 against $503,950 in Drake, about 9% higher. Homes are moving faster in Fort Collins — a median of 51 days on market against 92 in Drake. Drake is a buyer's market right now and Fort Collins is a balanced market.

Side by side

MeasureDrakeFort Collins
Homes for sale30729
New in last 30 days7257
Median asking price$503,950$547,000
Median price per sq ft$378$295
Median size (sq ft)1,4951,846
Median bedrooms23
Median days on market9251
Months of supply12.43.3
Sold, last 12 months292,666
Median sold price$385,000$570,000
Median days to sell8656
Sold vs asking price96.0%100.0%

The darker figure in each row is the lower price, the shorter wait or the larger number — which of those is the good news depends entirely on whether you are buying or selling.

What each market is doing

Drake is a buyer's marketOver six months of supply means there are more homes for sale than the current pace of sales absorbs. Buyers have choice and time, and sellers usually have to compete on price or condition.
Fort Collins is a balanced marketBetween three and six months of supply is the range where neither side has the upper hand - well-priced homes sell and buyers still have room to negotiate.

Drake

30
Homes for sale
$503,950
Median asking price
$378
Median per sq ft
92
Median days on market

Fort Collins

729
Homes for sale
$547,000
Median asking price
$295
Median per sq ft
51
Median days on market

Look at either town on its own

Questions people ask

Is Drake or Fort Collins more expensive?

Fort Collins is more expensive. The median asking price is $547,000 in Fort Collins against $503,950 in Drake. By price per square foot, Drake runs $378 and Fort Collins $295.

Which moves faster, Drake or Fort Collins?

Homes for sale in Fort Collins have been on the market a median of 51 days, against 92 days in Drake. Of the homes that actually closed in the last twelve months, Drake took a median of 86 days and Fort Collins 56.

Is Drake or Fort Collins the better market for a buyer?

Drake is a buyer's market and Fort Collins is a balanced market, measured on months of supply — 12.4 months in Drake and 3.3 in Fort Collins. More months of supply means more choice and more room to negotiate, so on that measure Drake is the easier of the two to buy in today. That is the arithmetic, not advice — the right town is the one you want to live in.

How many homes are for sale in Drake and Fort Collins?

There are 30 homes for sale in Drake and 729 in Fort Collins as this page loaded, 7 and 257 of them new in the last 30 days.

How current are these figures?

They are not published on a schedule and they are not a monthly snapshot. Both towns are read from the live MLS feed at the same instant, when you open this page, so the two sides are always measured against each other rather than against different weeks.

Both sides of this comparison are recalculated from the live MLS feed at the moment the page loads - neither is a monthly snapshot, and the two are read at the same instant so they are always comparable. Figures cover residential homes for sale; rentals, land and commercial are excluded, as are fractional co-ownership shares, which are priced per share and would distort the medians. Sold figures cover the last twelve complete calendar months. Market data is deemed reliable but not guaranteed - talk to us before making a decision on it.