$375,000
2.48 Acres
Land
Ashley Tullis, Listing Office: Keller Williams Realty
Is Dripping Springs, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Dripping Springs was a Neutral Market.
Key Takeaway
Dripping Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dripping Springs, TX
How much do homes in Dripping Springs, TX cost?
Median Sold Price
$714,132
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,466(+2.7%)
Key Takeaway
Homes in Dripping Springs have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Dripping Springs was $714,132 in October 2024, up 2.7% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $600K | $600K | 0.0% |
| 2 Bedrooms | $400K | $473.5K | +18.4% |
| 3 Bedrooms | $535K | $550K | +2.8% |
| 4 Bedrooms | $785K | $776.4K | -1.1% |
| 5+ Bedrooms | $961K | $890K | -7.4% |
Summary: Dripping Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Dripping Springs | $695.6K | $714.1K | +2.7% |
| Dripping Springs-Wimberley | $699.9K | $704.7K | +0.7% |
Housing Supply in Dripping Springs, TX
How many homes are available in Dripping Springs, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 223 | 248 | +11.2% |
Summary: The Dripping Springs real estate market had 248 homes for sale in October 2024, a 11.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 66 | 79 | +19.7% |
| 4 Bedrooms | 113 | 124 | +9.7% |
| 5+ Bedrooms | 36 | 35 | -2.8% |
Summary: The Dripping Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 2.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dripping Springs, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Dripping Springs in October 2024, up by 3.7% month-over-month. Of the 28 sold homes, 86% were sold under asking, 11% were sold at asking, and 4% were sold over asking.
Days on Market for Dripping Springs, TX
How long does it take to sell a home in Dripping Springs, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 114 Days | 111 Days | -2.4% |
Summary: Homes in Dripping Springs had an average of 111 days on market in Oct 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Dripping Springs are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 28 homes were sold in Dripping Springs; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.
Data provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2024 Central Texas MLS, All Rights Reserved.
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Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved. 
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.