Is Dripping Springs, TX 78620 a buyer’s or seller’s market?

The Dripping Springs housing market right now

In the three months ending August 31, 2026, 4% of homes in Dripping Springs, TX 78620 sold above their list price, the typical home went under contract in 89 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 175 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (4% then), homes sold more slowly (86 days then) and the median sale price fell 11% to $581,923. Overall, Dripping Springs is about as competitive as it was a year ago.

Within Hays County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Dripping Springs ranks #751 of 868 TX ZIP codes with enough sales (score 12 out of 100).

Nearby, buyers who want less competition could look at Wimberley 78676 (2% sold over asking), while Austin 78737 (14% sold over asking) and Buda 78610 (8% sold over asking) are even more competitive.