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 March 2023
At the same time last year, Dripping Springs-Wimberley was a Seller's Market.
Housing Prices in Dripping Springs-Wimberley, TX
How much do homes in Dripping Springs-Wimberley, TX cost?
Median Sold Price
$705,012
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Dripping Springs-Wimberley was $705,012 in March 2024, down 8.7% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $597.5K | $537.5K | -10.0% |
2 Bedrooms | $511.2K | $452.5K | -11.5% |
3 Bedrooms | $625K | $565K | -9.6% |
4 Bedrooms | $870K | $791.2K | -9.1% |
5+ Bedrooms | $1.1M | $939K | -18.7% |
Summary: Dripping Springs-Wimberley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 18.7%.
Median Sold Price Compared To Nearby Cities
Dripping Springs | $749.9K | $720.9K | -3.9% |
Woodcreek | $428K | $410K | -4.2% |
Kyle-Buda | $410K | $375K | -8.5% |
Dripping Springs-Wimberley | $771.8K | $705K | -8.7% |
Wimberley | $640K | $515K | -19.5% |
Housing Supply in Dripping Springs-Wimberley, TX
How many homes are available in Dripping Springs-Wimberley, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
505 | 634 | +25.5% |
Summary: The Dripping Springs-Wimberley real estate market had 634 homes for sale in March 2024, a 25.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 25 | 33 | +32.0% |
3 Bedrooms | 175 | 224 | +28.0% |
4 Bedrooms | 203 | 247 | +21.7% |
5+ Bedrooms | 95 | 121 | +27.4% |
Summary: The Dripping Springs-Wimberley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 27.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 77 | +40.0% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Dripping Springs-Wimberley in March 2024, up by 40.0% month-over-month. Of the 77 sold homes, 73% were sold under asking, 14% were sold at asking, and 13% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 67 Days | -16.6% |
Summary: Homes in Dripping Springs-Wimberley had an average of 67 days on market in Mar 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During March 2024, 77 homes were sold in Dripping Springs-Wimberley; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.