10824 E Crystal Falls Pkwy SUITE #503

Leander TX, 78641, USA

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Overview of Dripping Springs

The Dripping Springs housing market is not very competitive. Homes in Dripping Springs receive 2 offers on average and sell in around 131.5 days. The average sale price of a home in Dripping Springs was $630K last month, down 9.94% since last year. The average sale price per square foot in Dripping Springs is $243, down 25.5% since last year.

Dripping Springs Properties

Partens

Caliterra

73,851

TOTAL POPULATION

34.5 years

MEDIAN AGE

High

POPULATION DENSITY

Schools in Austin

The Austin housing market is competitive. On average, homes in Austin receive 2 offers and sell in around 75 days. The average sale price of a home in Austin was $540K last month, down 5.4% since last year. The average sale price per square foot in Austin is $321, down 10.3% since last year.

Dripping Springs is a small town in the Texas Hill Country, approximately 25 miles west of Austin. Known for its beautiful natural surroundings, Dripping Springs offers residents and visitors access to several state parks, natural springs, and hiking trails.

In recent years, Dripping Springs has become a popular destination for those looking to escape the bustle of the city while still being close enough to enjoy its amenities. As a result, the real estate market in Dripping Springs has experienced significant growth, with home prices increasing steadily over the past several years.

According to recent data, the median home price in Dripping Springs is around $700,000. While the market has seen some fluctuations due to the ongoing COVID-19 pandemic, the overall trend has grown, with demand for homes in the area remaining high.

Overall, Dripping Springs offers a unique blend of natural beauty and small-town charm, making it an attractive option for investing in real estate in the Texas Hill Country.

Dripping Springs, TX, Summary

There are 4650 active home listings and 485 new homes for sale in Austin, TX.
Homes in Austin, TX, were selling for a median price of $612,000 in February 2023.
On average, homes in Austin, TX, sell after 82 days on the market compared to 42 days last year.
3919 homes were sold in Austin, TX, in February 2023, up from 753 last year.
Austin, TX, is part of the Travis County R-1 School District, with 231 Elementary Schools, 122 Middle Schools, and 94 High Schools.
The average rating of all the schools in Austin, TX, is 5 out of 10 by GreatSchools.
The median list price of homes in Austin, TX, was $612,000 in February 2023, compared to $610,000 in 2022.
In February 2023, Austin, TX, was a seller’s market, indicating that more people were looking to buy than available homes.

There are 544 active home listings and 33 new homes for sale in Dripping Springs, TX.
On average, homes in Dripping Springs, TX, sell after 137 days on the market compared to 169 days last year.
Dripping Springs, TX, is part of the Hays County R-1 School District, with 5 Elementary Schools, 3 Middle Schools, and 2 High Schools.
The average rating of all Dripping Springs, TX schools is 7 out of 10 by GreatSchools.

Dripping Springs Real Estate Market Trends

Dripping Springs offers relatively affordable living costs compared to other major cities in the United States. The following section explores the top factors contributing to Dripping Springs’s status as a strong real estate market, housing market, migration & relocation trends, population, schools, amenities, and neighborhood.

Dripping Springs, TX Housing Market

The median listing home price in Leander, TX, was $489K in February 2023, flat year-over-year. The median listing home price per square foot was $233.
Leander, TX, is a buyer’s market in February 2023, which means that the supply of homes is greater than the demand for homes.

Dripping Springs Migration & Relocation Trends

According to redfin.com, in Dec ’22 – Feb ’23, 27% of Dripping Springs homebuyers searched to move out of Dripping Springs, while 73% looked to stay within the metropolitan area.

Where are people moving to Dripping Springs from?

Across the nation, 1% of homebuyers searched to move into Leander from outside metros.
San Francisco homebuyers searched to move into Leander more than any other metro, followed by Los Angeles and Chicago.

Where are people from Dripping Springs moving to?

73% of Leander homebuyers searched to stay within the Leander metropolitan area.
San Antonio was the most popular destination among Leander homebuyers, followed by Killeen and Corpus Christi.

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Dripping Springs, Texas Population 2023

Dripping Springs is a city located in Hays County, Texas. With a 2023 population of 5,508, it is the 381st largest city in Texas and the 6222nd largest city in the United States. Spanning over 8 miles, Dripping Springs has a population density of 665 people per square mile. Dripping Springs is currently growing at a rate of 5.48% annually and its population has increased by 18.45% since the most recent census, which recorded a population of 4,650 in 2020.

Schools in Dripping Springs, TX

Dripping Springs, TX, hosts 5 public schools rated good and higher by GreatSchools. You can also find 3 private and charter schools.

Amenities near Dripping Springs, TX

According to realtor.com, you can find dozens of grocery stores and hundreds of cafes and restaurants in Dripping Springs, TX.

Grocery Stores

Coffee Shops

Restaurants

Explore Dripping Springs, TX

According to realtor.com, 78738 has a median listing home price of $969K, making it the most expensive city. 78640 is the most affordable city, with a median listing home price of $375K.

All Neighborhoods in Dripping Springs, TX

Neighborhoods	Median Listing Home Price	Listing $/SqFt	For Sale	For Rent
Austin	$610K	$349	4,168	10,271
78620	$799K	$309	20	49
Canyon Lake	$510K	$263	1,139	92
78666	$380K	$214	737	279
78734	$750K	$328	224	87
78645	$549.9K	$267	706	57
San Marcos	$385K	$215	754	422
Wimberley	$684K	$329	164	13

Your Trusted Partner for All Your Real Estate Needs

Having a trusted real estate professional is essential if you’re looking to buy or sell a home in Dripping Springs. The real estate market in Dripping Springs is competitive and complex, and having an experienced agent to guide you through the process can make all the difference.

At Full Circle Realty, our team of agents has years of experience in the Dripping Springs real estate market. We deeply understand the local market trends, pricing, and inventory, allowing us to find the perfect home for your needs and budget.

When you work with Full Circle Realty, you can expect personalized service tailored to your unique needs. Our agents will work closely with you to understand your preferences and priorities and guide you through every step of the buying or selling process.