Dripping Springs Real Estate Market Reaches New Listings Bottom

There have been three homes sold in the Dripping Springs market over the last 30 days, continuing a six-week negative trend. Also during the same period, the number of new listings totaled one, the fewest since July. In comparison, Austin had 945 new listings in the same time frame, the most of all nearby cities. Furthermore, a six-week downward trend in sales is expected to continue over the coming weeks. The median sales price dropped to $369,000, down from last week's $400,500.

Looking for an affordable home? Check out these inexpensive listings in Dripping Springs:

$229K   $449K   $472K  

Get started right now by checking out Dripping Springs homes for sale or reviewing Dripping Springs real estate trends.

Demographic facts for Dripping Springs:

  • The median value of all homes in the area is $280,800.
  • The area gets 82 rainy days a year. (U.S. average: 100)
  • The unemployment rate is 6.6%.
  • For every teacher there are 16.0 students in this area. (15.3 = national average)

Data reported through 10/19/2016

Comments:

Ask a local expert about this area:
Donna Homes, a Private Label Realty affiliate
404-784-5759
Snapped 3 homes in this area

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