New Listing
10
$175,000
262 Beauchamp Rd
Dripping Springs, TX 78620
Land1.73 acres
Compass RE Texas, LLC
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Dripping Springs, TX(512) 555-0184TX License #0512847
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Dripping Springs, TX Housing Market
Leaning buyer's-1.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Dripping Springs, TX is worth $691,127, fell 1.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $495,000, -5.7% year over year (through May 2026). With 4.1 months of supply and homes going under contract in about 84 days, Dripping Springs is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $691,127 home is about $3,690/mo in principal and interest.
Key numbers for Dripping Springs, TX
Typical home value
$691,127
-1.8% in 12 months
Zillow, August 2026
Typical asking rent
$2,324/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$495,000
-5.7% year over year
Redfin, through May 2026
Days on market
84
Slow-moving
Redfin, through May 2026
Active listings
103
4.1 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$106,103
Home costs 6.5x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.7%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Dripping Springs a buyer's or seller's market?
Leaning buyer's4.1 months of supply84 days on market97.7% of asking
Dripping Springs, TX is a leaning buyer's, based on 4.1 months of supply and homes selling in about 84 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Dripping Springs housing market data show?
Every row below is Redfin's final published month for Dripping Springs, TX. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $495,000 |
| Median list price | $609,950 |
| Year-over-year price change | -5.7% |
| Median price per sq ft | $243/sq ft |
| Median days on market | 84 days |
| Active inventory | 103 listings |
| Months of supply | 4.1 months |
| Sale-to-list price ratio | 97.7% |
| Homes sold (that month) | 25 |
| New listings (that month) | 28 |
| Listings with a price cut | 35.9% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Dripping Springs is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Dripping Springs is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Dripping Springs home prices moved?
Over the last three years the median sale price in Dripping Springs, TX fell 16.1%, from $590,000 to $495,000. The live Zillow value series has fell 1.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 35.9% of Dripping Springs listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 4.1 months while the sale-to-list ratio slips below its current 97.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Dripping Springs?
Priced off the typical home value of $691,127 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $138,225 | $552,901 | $3,690/mo |
| 5% | $34,556 | $656,571 | $4,381/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,690, that implies roughly $158,126 a year before you add taxes and insurance. The median household in Dripping Springs earns $106,103, about $52,023 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 6.5x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Dripping Springs in the next 12 months?
Tell us your timeline. We send the Dripping Springs market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Dripping Springs?
Typical asking rent in Dripping Springs, TX is $2,324/mo, against a typical home value of $691,127. That is a price-to-rent ratio of 24.8x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $3,690 a month — $1,366 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Dripping Springs?
Active listings in Dripping Springs, TX went from 114 in May 2025 to 103 in May 2026, a -9.6% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 101 | 20 |
| July 2025 | 100 | 27 |
| August 2025 | 79 | 17 |
| September 2025 | 91 | 32 |
| October 2025 | 117 | 51 |
| November 2025 | 117 | 25 |
| December 2025 | 104 | 11 |
| January 2026 | 120 | 30 |
| February 2026 | 124 | 25 |
| March 2026 | 119 | 31 |
| April 2026 | 115 | 35 |
| May 2026 | 103 | 28 |
Redfin, through May 2026
How does Dripping Springs compare to Texas and the U.S.?
Dripping Springs homes sell for $495,000 — 39% above the Texas median of $356,100. Against the national median of $410,700, Dripping Springs runs 21% higher. Year-over-year, Dripping Springs moved -5.7% against Texas's +2.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Dripping Springs, TX | $495,000 | -5.7% | 84 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Dripping Springs
What buyers should watch
- Months of supply, currently 4.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 35.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $692 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $691,127 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Dripping Springs listing goes under contract in 84 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Dripping Springs added 28 new listings against 25 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Dripping Springs varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Dripping Springs
There are currently 103 homes listed for sale in Dripping Springs, Texas. The median listing price is $610K. Featured listings range from $175,000 to $1,599,000.
New Listing
26
$350,000
Hidden Hills Dr
Dripping Springs, TX 78620
Land2.07 acres
Homes ATX
View photos & details
New BuildPrice Drop −$6K
$439,990
479 Bishop Wood Rd
Dripping Springs, TX 78620
4 bd3 ba2,289 sqft$192/ft²
House
View photos & details
New Build
$554,990
148 Norway Spruce St
Dripping Springs, TX 78620
4 bd3 ba2,441 sqft$227/ft²
House
View photos & details
New Listing
30
$575,000
368 Founders Rdg
Dripping Springs, TX 78620
3 bd2 ba2,134 sqft$269/ft²
House8,189 sqft lot
Keller Williams Realty
View photos & details
New Listing
40
$625,000
154 Bartlett Peak Ln
Dripping Springs, TX 78620
5 bd4 ba3,444 sqft$181/ft²
House8,712 sqft lot
Keller Williams Realty
View photos & details
New Listing
40
$699,000
17600 Lake Shore Dr
Dripping Springs, TX 78620
4 bd4 ba2,832 sqft$247/ft²
House8,712 sqft lot
Keller Williams Realty
View photos & details
New Listing
30
$1,050,000
620 Windy Hills Rd
Dripping Springs, TX 78620
3 bd3 ba2,134 sqft$492/ft²
House4.00 acres
Compass RE Texas, LLC
View photos & details
New Build
10
$1,089,900
469 Bridge Water Loop
Dripping Springs, TX 78620
5 bd5 ba3,731 sqft$292/ft²
House
View photos & details
New Build
24
$1,199,000
318 Silver Sage Ct
Dripping Springs, TX 78620
4 bd5 ba3,756 sqft$319/ft²
House
View photos & details
New Listing
40
$1,350,000
301 Medlin Creek Loop
Dripping Springs, TX 78620
3 bd3 ba3,500 sqft$386/ft²
House2.30 acres
Magnolia Realty Austin Hill Co
View photos & details
New Listing
36
$1,599,000
816 Drifting Wind Run
Dripping Springs, TX 78620
4 bd4 ba4,040 sqft$396/ft²
House6.73 acres
Keller Williams Realty
View photos & details
Looking to buy in Dripping Springs?
Get connected with a local real estate expert — free, no obligation.
Active listings
103
Homes on market
Median list price
$610K
Avg. days on market
84
Days until sale
New this week
28
Newly listed
Price drops:35.9%of listings
Sale-to-list:97.7%
How much do homes cost in Dripping Springs by property type?
How the Dripping Springs, TX market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $495,000 | $243/sq ft | 25 | 84 days |
| Condo / co-op | $523,200 | $269/sq ft | 1 | 12 days |
Who lives in Dripping Springs?
American Community Survey estimates for Dripping Springs. U.S. Census ACS, 2023
Population
6,322
Households
2,475
Median income
$106,103/yr
Median age
37.3 years
Owner-occupied
51.4%
Median home value
$579,300
Median gross rent
$1,985/mo
Mean commute
25.2 min
51.4% of occupied homes in Dripping Springs are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $579,300 against Zillow's $691,127 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,985/mo, below Zillow's $2,324/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Dripping Springs?
4 schools tracked · 5,379 students
The largest public schools serving Dripping Springs, TX by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
DRIPPING SPRINGS H S
Grades 9-12 · 2,484 students
DRIPPING SPRINGS EL
Grades PK-5 · 1,059 students
DRIPPING SPRINGS MIDDLE
Grades 6-8 · 920 students
WALNUT SPRINGS EL
Grades PK-5 · 916 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Dripping Springs, TX?
Ordered by distance from Dripping Springs, not by size. Compare Dripping Springs side by side with any of them.
Which ZIP codes are in Dripping Springs?
These are the ZIP codes we see on active Dripping Springs listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Dripping Springs housing market FAQ
Is Dripping Springs a buyer's or seller's market?
Dripping Springs, TX is currently a leaning buyer's. That read comes from 4.1 months of supply, homes going under contract in about 84 days, and sellers getting 97.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Dripping Springs?
The typical home in Dripping Springs, TX is worth $691,127 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $495,000, about $243 per square foot.
Is Dripping Springs cheaper than the rest of Texas?
Dripping Springs's median sale price of $495,000 is 39% higher than the Texas statewide median of $356,100, and 21% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Dripping Springs?
Homes in Dripping Springs, TX spent a median of 84 days on market before going under contract, versus 56 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Dripping Springs?
At the current 30-year fixed rate of 7.03%, 20% down on a $691,127 home is about $3,690 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $158,126 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $106,103.
Are home prices rising in Dripping Springs?
The typical home value in Dripping Springs, TX fell 1.8% over the last 12 months, from $703,800 to $691,127 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Dripping Springs?
Dripping Springs ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Dripping Springs?
That depends on your timeline, not on a headline. What the data says today: Dripping Springs, TX is a leaning buyer's with 4.1 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 24.8x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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