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Dripping Springs: New Listings Outpace Closings in September
By George Arnold Alexander III, MPA · Associate Broker · 2026-10-29
Deal of the Week

Deals of the Week by price quartile. The quartiles come from the last 12 months of closed sales here. Each pick has the top ALEX deal score in its price range.
Lower quartile: under $460,000
150 Olympia BND, Dripping Springs TX 78620 · MLS #4793205
Listed at $364,455, 3 bed, 2.5 bath, 1,876 sq ft. Listed 8% below the ALEX valuation; 20% under the local price per sq ft; price reduced 17% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1183865415/150-Olympia-BND-Dripping-Springs-TX
Lower-middle quartile: $460,000 to $605,000
9808 Longhorn SKWY, Dripping Springs TX 78620 · MLS #8556974
Listed at $490,000, 3 bed, 2 bath, 1,739 sq ft. Listed 11% below the ALEX valuation; price reduced 15% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1185968034/9808-Longhorn-SKWY-Dripping-Springs-TX
Upper-middle quartile: $605,000 to $830,000
509 Roy Creek LN, Dripping Springs TX 78620 · MLS #3777858
Listed at $789,900, 4 bed, 3 bath, 3,361 sq ft. Listed 7% below the ALEX valuation; 27% under the local price per sq ft; price reduced 4% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1186743100/509-Roy-Creek-LN-Dripping-Springs-TX
Upper quartile: $830,000 and up
200 Vista West Ranch RD, Dripping Springs TX 78620 · MLS #9182352
Listed at $1,000,050, 3 bed, 2 bath, 2,229 sq ft. Listed 13% below the ALEX valuation; price reduced 23% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1182522020/200-Vista-West-Ranch-RD-Dripping-Springs-TX
Key figures · Dripping Springs · September 2026
- 48 homes sold in Dripping Springs in September 2026 (down 11.1% on a year earlier).
- Median sale price: $574,995 (down 4.2% on a year earlier).
- Median price per square foot: $234.
- Median days on market: 58.
- Median sale price as a share of the original list price: 93.8%.
- 252 homes for sale now, about 4.4 months of supply at the pace of the last six months.
Source: Unlock MLS, September 2026. Homes only (single-family, condo, townhome). Information deemed reliable but not guaranteed.
In September, Dripping Springs saw 59 new listings enter the market while 48 homes closed, creating a supply gap where new inventory outpaced sales by 11 units. This divergence between fresh supply and completed transactions is the core dynamic of Topic 7, which tracks the balance between incoming listings and closing activity.
ALEX Intelligence analyzed the dual-axis trend of new listings versus closings to quantify this shift. The 59 new listings represent a significant influx compared to the 43 added in August, while closed sales rose slightly to 48 from 46 in the prior month. This pattern suggests that while demand remains steady with nearly 50 homes selling, the rate of new supply is accelerating faster than the closing pace.
The analysis relies on the current month's 48 closed sales and the 59 new listings, alongside the prior period's 46 closings and 43 new listings. With 252 active listings currently on the market, this gap between new entries and closings contributes to a months-of-inventory level that reflects a shifting balance for buyers and sellers. The supply gap indicates that inventory is accumulating faster than it is being absorbed by closed deals.
This analysis relies strictly on Unlock MLS data for Dripping Springs, capturing the real-time flow of market activity without projecting future price movements or sales volumes. The focus remains on the raw counts of new listings and closings to illustrate the current supply-demand relationship in this Austin-area city.
Want a closer look? Reply or call George at 713.918.9951 and we'll set up a 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
Source data: Unlock MLS, September 2026, n=48 closed; ABOR-listed sales only
Cover photo: Dripping Springs High School entrance by Larry D. Moore, CC BY 4.0, via Wikimedia Commons; darkened, cropped and text added.
Licensed by the Texas Real Estate Commission. Broker: Alexander Tiffany Southwest, LLC · License #565194-BB.
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Partner, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Partner, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov










