Dripping Springs: Is It a Buyer's Market in September?

Is the market tipping in favor of buyers? In September 2026, Dripping Springs recorded 4.3 months of inventory based on 48 closed sales and 249 active listings. This figure sits above the 4.0-month threshold that typically signals a balanced market, indicating increased leverage for purchasers. Months of inventory measures how long it would take to sell all current homes at the current sales pace. A reading below four months usually favors sellers, while anything above suggests more supply than demand. With 4.31 months available, buyers have more selection and less urgency to compete. Median prices also softened during this period. The median close price dropped 10.2% from August to $574,995 across 48 sales. Homes took an average of 58 days to sell, which is 3.3% faster than the prior month but 18.4% slower than September 2025. Additionally, 83.3% of homes sold below their original list price, a share that has remained relatively stable compared to last year. ALEX Intelligence classifies this inventory level as a buyer's market environment. While the pace of sales remains steady with 48 closings, the combination of rising active listings and lower prices creates conditions where buyers can negotiate more effectively than in previous months. Want to see this home? Call or text George at 713.918.9951 for a private showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog