$6,086 Closing Credit*
$512,500
1,958 SqFt
3 Beds
•2 Full Baths
Chris Watters, Listing Office: Watters International Realty
Is Dripping Springs-Wimberley, 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-Wimberley was a Neutral Market.
Key Takeaway
Dripping Springs-Wimberley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dripping Springs-Wimberley, TX
How much do homes in Dripping Springs-Wimberley, TX cost?
Median Sold Price
$704,734
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,777(+0.7%)
Key Takeaway
Homes in Dripping Springs-Wimberley have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Dripping Springs-Wimberley was $704,734 in October 2024, up 0.7% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $566.2K | $455K | -19.6% |
| 2 Bedrooms | $470K | $475K | +1.1% |
| 3 Bedrooms | $549.3K | $550K | 0.1% |
| 4 Bedrooms | $791.7K | $779.5K | -1.5% |
| 5+ Bedrooms | $952.2K | $962.5K | +1.1% |
Summary: Dripping Springs-Wimberley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Woodcreek | $415K | $454.6K | +9.6% |
| Dripping Springs | $695.6K | $714.1K | +2.7% |
| Dripping Springs-Wimberley | $699.9K | $704.7K | +0.7% |
| Wimberley | $529K | $523.2K | -1.1% |
| Kyle-Buda | $376.3K | $361.1K | -4.0% |
Housing Supply in Dripping Springs-Wimberley, TX
How many homes are available in Dripping Springs-Wimberley, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 540 | 565 | +4.6% |
Summary: The Dripping Springs-Wimberley real estate market had 565 homes for sale in October 2024, a 4.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 176 | 188 | +6.8% |
| 4 Bedrooms | 230 | 245 | +6.5% |
| 5+ Bedrooms | 99 | 99 | 0.0% |
Summary: The Dripping Springs-Wimberley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 53 | -35.4% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dripping Springs-Wimberley, you may be able to get a good deal. 84.9% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Dripping Springs-Wimberley in October 2024, down by 35.4% month-over-month. Of the 53 sold homes, 85% were sold under asking, 13% were sold at asking, and 2% were sold over asking.
Days on Market for Dripping Springs-Wimberley, TX
How long does it take to sell a home in Dripping Springs-Wimberley, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 100 Days | 105 Days | +5.7% |
Summary: Homes in Dripping Springs-Wimberley had an average of 105 days on market in Oct 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Dripping Springs-Wimberley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 53 homes were sold in Dripping Springs-Wimberley; 21% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 51% 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. 
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