Revolutionizing · Modernizing · SimplifyingRevolutionizing · Modernizing · SimplifyingDrake and Loveland are both in Larimer County. There are 30 homes for sale in Drake and 465 in Loveland as this page loaded. Loveland is the more expensive of the two: a median asking price of $535,000 against $503,950 in Drake, about 6% higher. Homes are moving faster in Loveland — a median of 53 days on market against 92 in Drake. Drake is a buyer's market right now and Loveland is a balanced market.
| Measure | Drake | Loveland |
|---|---|---|
| Homes for sale | 30 | 465 |
| New in last 30 days | 7 | 153 |
| Median asking price | $503,950 | $535,000 |
| Median price per sq ft | $378 | $290 |
| Median size (sq ft) | 1,495 | 1,940 |
| Median bedrooms | 2 | 3 |
| Median days on market | 92 | 53 |
| Months of supply | 12.4 | 3.4 |
| Sold, last 12 months | 29 | 1,627 |
| Median sold price | $385,000 | $509,000 |
| Median days to sell | 86 | 63 |
| Sold vs asking price | 96.0% | 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.
Loveland is more expensive. The median asking price is $535,000 in Loveland against $503,950 in Drake. By price per square foot, Drake runs $378 and Loveland $290.
Homes for sale in Loveland have been on the market a median of 53 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 Loveland 63.
Drake is a buyer's market and Loveland is a balanced market, measured on months of supply — 12.4 months in Drake and 3.4 in Loveland. 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.
There are 30 homes for sale in Drake and 465 in Loveland as this page loaded, 7 and 153 of them new in the last 30 days.
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.