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 April 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
$699,437
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dripping Springs-Wimberley was $699,437 in April 2024, down 8.4% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $651.2K | $506.2K | -22.3% |
2 Bedrooms | $511.2K | $462K | -9.6% |
3 Bedrooms | $615K | $554.5K | -9.8% |
4 Bedrooms | $853.4K | $795K | -6.8% |
5+ Bedrooms | $1.1M | $942K | -16.1% |
Summary: Dripping Springs-Wimberley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
Woodcreek | $429K | $437.5K | +2.0% |
Dripping Springs | $749.9K | $718.6K | -4.2% |
Kyle-Buda | $403.2K | $370.7K | -8.1% |
Dripping Springs-Wimberley | $763.5K | $699.4K | -8.4% |
Wimberley | $602.5K | $505K | -16.2% |
Housing Supply in Dripping Springs-Wimberley, TX
How many homes are available in Dripping Springs-Wimberley, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
601 | 695 | +15.6% |
Summary: The Dripping Springs-Wimberley real estate market had 695 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 31 | 40 | +29.0% |
3 Bedrooms | 218 | 254 | +16.5% |
4 Bedrooms | 233 | 274 | +17.6% |
5+ Bedrooms | 111 | 121 | +9.0% |
Summary: The Dripping Springs-Wimberley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
82 | 93 | +13.4% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Dripping Springs-Wimberley in April 2024, up by 13.4% month-over-month. Of the 93 sold homes, 76% were sold under asking, 13% were sold at asking, and 11% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 63 Days | +35.7% |
Summary: Homes in Dripping Springs-Wimberley had an average of 63 days on market in Apr 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 93 homes were sold in Dripping Springs-Wimberley; 54% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.