Dripping Springs, TX Real Estate Listings & Homes for Sale

In February 2025, home prices in Dripping Springs saw a 4.9% decline compared to the previous year, with the median sale price settling at $556K. This price drop suggests a cooling market, likely influenced by shifting buyer demand or broader economic factors.

Additionally, homes are taking longer to sell, averaging 123 days on the market, a notable increase from 98 days the previous year. This extended selling period indicates that buyers are either waiting for better deals or exercising more caution in their purchasing decisions. The number of homes sold also dropped significantly, with only 4 transactions in February 2025, compared to 17 sales in February 2024—a stark 76.5% decline. This sharp drop in sales volume suggests a slowdown in buyer activity, which could present opportunities for negotiators looking for better deals in a market where sellers may be more flexible on pricing.

The Dripping Springs housing market remains relatively slow-moving and less competitive. On average, homes take around 91 days to sell, with multiple offers being uncommon. Most properties sell for about 3% below the listing price before going pending, reflecting a market where buyers have more negotiating power.

However, hot properties—those in high demand or with desirable features—tend to sell faster, typically going pending in around 51 days and closing at just 1% below the asking price. This suggests that while the overall market is cooling, well-priced and move-in-ready homes can still attract quicker interest from buyers.

As of February 2025, Dripping Springs, TX is a buyer’s market, meaning the supply of homes exceeds buyer demand. This shift gives prospective buyers more leverage in negotiations, often leading to longer listing times and potential price reductions. For sellers, pricing strategically and ensuring homes are well-prepared for listing becomes crucial in attracting offers in a slower-moving market.