Is Dripping Springs, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Dripping Springs has remained a Buyer's Market.
Housing Prices in Dripping Springs, TX
How much do homes in Dripping Springs, TX cost?
Median Sold Price
$718,666
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dripping Springs was $718,666 in April 2024, down 4.2% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | $600K | 0.0% |
2 Bedrooms | $487.5K | $585K | +20.0% |
3 Bedrooms | $592.9K | $535K | -9.8% |
4 Bedrooms | $798.1K | $785K | -1.6% |
5+ Bedrooms | $1.1M | $999.8K | -9.1% |
Summary: Dripping Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Cities
Dripping Springs | $749.9K | $718.6K | -4.2% |
Dripping Springs-Wimberley | $763.5K | $699.4K | -8.4% |
Housing Supply in Dripping Springs, TX
How many homes are available in Dripping Springs, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
271 | 309 | +14.0% |
Summary: The Dripping Springs real estate market had 309 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 85 | 102 | +20.0% |
4 Bedrooms | 117 | 142 | +21.4% |
5+ Bedrooms | 60 | 55 | -8.3% |
Summary: The Dripping Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 41 | -4.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Dripping Springs in April 2024, down by 4.7% month-over-month. Of the 41 sold homes, 78% were sold under asking, 12% were sold at asking, and 10% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 80 Days | +6.6% |
Summary: Homes in Dripping Springs had an average of 80 days on market in Apr 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in Dripping Springs; 51% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.