Is Dripping Springs-Wimberley, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dripping Springs-Wimberley was a Seller's Market.
Housing Prices in Dripping Springs-Wimberley, TX
How much do homes in Dripping Springs-Wimberley, TX cost?
Median Sold Price
$714,300
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dripping Springs-Wimberley was $714,300 in May 2024, down 0.9% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $651.2K | $506.2K | -22.3% |
2 Bedrooms | $535K | $448K | -16.3% |
3 Bedrooms | $563.1K | $553.7K | -1.7% |
4 Bedrooms | $800K | $797.2K | -0.3% |
5+ Bedrooms | $1.0M | $950K | -9.5% |
Summary: Dripping Springs-Wimberley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
Dripping Springs | $691.8K | $727.8K | +5.2% |
Woodcreek | $420K | $440K | +4.8% |
Dripping Springs-Wimberley | $720.5K | $714.3K | -0.9% |
Kyle-Buda | $398.6K | $369.6K | -7.3% |
Wimberley | $549K | $505K | -8.0% |
Housing Supply in Dripping Springs-Wimberley, TX
How many homes are available in Dripping Springs-Wimberley, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
674 | 734 | +8.9% |
Summary: The Dripping Springs-Wimberley real estate market had 734 homes for sale in May 2024, a 8.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 36 | 38 | +5.6% |
3 Bedrooms | 245 | 256 | +4.5% |
4 Bedrooms | 278 | 302 | +8.6% |
5+ Bedrooms | 111 | 131 | +18.0% |
Summary: The Dripping Springs-Wimberley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 18%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 103 | +2.0% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Dripping Springs-Wimberley in May 2024, up by 2.0% month-over-month. Of the 103 sold homes, 69% were sold under asking, 19% were sold at asking, and 12% were sold over asking.
Days on Market for Dripping Springs-Wimberley, TX
How long does it take to sell a home in Dripping Springs-Wimberley, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 90 Days | +103.4% |
Summary: Homes in Dripping Springs-Wimberley had an average of 90 days on market in May 2024, up by 103.4% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During May 2024, 103 homes were sold in Dripping Springs-Wimberley; 37% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.