Dripping Springs Real Estate Market Update 78620 | August 2023

Another month has gone by and we broke the longest streak (45 days!) of the most 100+ degree days in Austin area… ever! I have been loving going outside in the mornings and almost feeling a crispness in the air!

Dripping Springs High football has started and Friday night lights is back! Interested in watching the most famous sport in Texas? Check out the blog post on the schedule HERE and join thousands of Tiger fans on Friday night!

Here is your monthly update on the real estate market in 78620 within Dripping Springs ISD boundaries!

78620 boundaries

78620 data for the last 30 days:

Active homes: 249

Pending/Active Under Contract: 49

Closed in the last 30 days: 39

Average closed price: $829,708

Close to list ratio: 97.9%

Price per square foot: $304

Dripping Springs Real Estate Market August 2023

78620 Rental market:

Active: 52

Pending: 9

Closed in the last 30 days: 17

Average lease price closed: $3,403/month

Average lease price active: $3,584/month

Texas Realtors releases an in depth analysis on zip codes, but it is usually 4 weeks behind. Here is the July infographic for 78620.

July 2023 Real Estate Market Update Dripping Springs

Here are today’s 30 yr mortgage rates from Mortgage News Daily. We have seen some improvement after it went up to 7.5% last week!

Real estate is hyper local… even down to the neighborhood!

Thinking of buying or selling your home in Dripping or the Austin area? I would love to talk with you about if now is a great time to buy or sell your home. I can come and see your home and talk with you about the real estate market and give an in depth look at what is happening and honest feedback on whether now is a good time to make a move or not! Just reach out: 512-569-8480 or laurenclark@magnoliarealty.com

Check out my Dripping Springs Guide HERE.

Click HERE to view current homes on the market.

Click HERE to get a FREE home valuation

Click HERE to learn more about the local adventure and businesses!

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Lauren Clark Magnolia Realty Testimonials


laurenclark@magnoliarealty.com 512-569-8480





Licensed by the Texas Real Estate Commission


License # 756168


Magnolia Realty Austin Hill Country

101 S. College St.

Dripping Springs, Texas


Managing Broker:

Cody George