Market Intelligence · TX / Dripping Springs

Dripping Springs, TX 78620 Housing Market

The typical home in Dripping Springs, Texas 78620 is valued at $671,454, up 0.3% over the past year. Homes are listing around a median of $831,000 and spending 92 days on market as of September 2026.

Updated September 2026Median value$671K

The median home value in Dripping Springs, TX 78620 is $671K as of September 2026, up 0.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 78620 range

$618K to $725K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.3% over 12 months

Sep 2025$669K

Low $666KHigh $673K

Sep 2026$671K

The numbers

What is the 78620 housing market like?

As of September 2026

Typical home value

$671K

0.3%YoY

Median list price

$831K

2.2%MoM

Days on market

17.9%MoM

Homes for sale

204

1.0%MoM

Price cuts

18.4%

17.1%MoM

New listings

8.3%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

78620 housing market forecast 2027

-2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 78620 to fall 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 78620 rose 0.3%, per the Zillow Home Value Index.

Will home prices drop in 78620?

Zillow's forecast says they may: it expects typical home values in 78620 to fall 2.0% by September 2027, after a 0.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 78620 home prices compare?

78620$671,454
Dripping Springs$671,454
Texas$258,447
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Dripping Springs: 1 ZIP; Texas: 1,512 ZIPs; United States: 26,262 ZIPs).

Context

Dripping Springs has 204 homes for sale with 52 new listings as of September 2026. The median time on market stands at 92 days, suggesting moderate buyer interest in the area. An 18.4% share of listings have received price cuts, which points to some pricing pressure despite the modest year-over-year appreciation. For sellers considering a move, the combination of steady inventory and extended market time means pricing strategically from the start will matter more than waiting for multiple offers.

Monthly payment

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Home price

Down payment20% · $134,291

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Common questions

What people ask us.

What is the typical home value in Dripping Springs, Texas 78620?

The typical home value is $671,454 as of September 2026, representing a 0.3% increase over the past year.

How many homes are on the market in Dripping Springs?

There are 204 homes for sale as of September 2026, with 52 new listings during that period.

How long do homes typically stay on the market in this area?

The median days on market is 92 as of September 2026.

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Nearby ZIP markets.

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