Dripping Springs vs. Neighbors: Prices Down, Sales Up

Median home prices in Dripping Springs have fallen significantly compared to last year. The median close price was $545,000 across 41 closed sales in October, down 19.3% from the same month a year ago when the median was $675,600. This decline is steeper than the broader region, where prices dropped 12.3% over the same period. Sales activity also slowed compared to last year. There were 41 closed sales in October, down 29.3% from the 58 sales recorded in October 2025. However, this volume was still higher than the previous month's 48 sales, showing a slight uptick in local momentum despite the year-over-year drop. When compared to its neighbors, Dripping Springs remains a premium market. The median price of $545,000 is well above Hays County's median of $363,495 and the regional average of $397,889. Homes in Dripping Springs also sell faster than the regional average, with a median days on market of 44 days compared to 66 days for the region and 80 days for Hays County overall. Buyers are currently negotiating closer to original list prices. The median close-to-original list ratio was 95.5%, up slightly from 94.7% a year ago, though still below the regional average of 94%. This indicates that while sellers are accepting lower offers than in previous years, the gap between asking and selling price has narrowed relative to last year's performance. The market continues to see a shift toward smaller homes. The median living area for closed sales was 2,428 square feet, down 12.3% from the same period last year when it was 2,770 square feet. This trend suggests buyers are prioritizing location or price point over square footage in the current environment. 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