Dripping Springs, TX has 82 single-family homes for sale at $1,000,000 and above, and 110 homes sold at that level over the past 12 months at a median of $1,240,000. This page shows the Dripping Springs luxury market as of October 31, 2026: what sold, how fast, on how much land and where, plus the communities with the most sales. It covers homes with a Dripping Springs mailing address (ZIP 78620). For the whole area, see our Dripping Springs homes for sale page, and for neighborhood profiles see our Dripping Springs luxury neighborhood guide.
Quick Summary for Busy Buyers
- 82 single-family homes for sale in Dripping Springs at $1,000,000 and above (October 31, 2026)
- 110 homes sold in the past 12 months, about 18% of all Dripping Springs single-family sales
- $1,240,000 median sale price, about 3,648 sq ft at $355 per sq ft
- Median 40 days on market, and buyers paid an average of 96.3% of the final list price
- 79 of the 110 sales were on one acre or more, and the median lot was about 2.1 acres
- Highest sale: $8,000,000, with 14 sales at $2,000,000 and up
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Dripping Springs Luxury Market Snapshot
Homes at $1,000,000 and above made up about 18% of the 606 single-family homes that sold in Dripping Springs in the past 12 months, or about 9 sales a month. At that pace, the 82 homes for sale today work out to about 9 months of supply, well above the roughly 5.0 months for the whole area. The median list price of the 82 active listings is about $1.5 million, and 10 of them were built in 2025 or later.
The median home in this range sold in 40 days (the average was 73, since some homes sat much longer) at an average of 96.3% of the final list price and 92.7% of the original list price. The median closed home was 3,648 square feet at $355 per square foot, with 4 bedrooms. Through October 31, 2026, 85 homes at this level closed in 2026 at a median of $1,300,000.
Source: Unlock MLS, October 31, 2026. Single-family homes with a Dripping Springs mailing address (ZIP 78620). Closed sales are from the past 12 months (October 31, 2025 to October 31, 2026). Statistics are deemed reliable but not guaranteed.
What $1M and Up Buys in Dripping Springs
The typical home that sold at $1,000,000 and above was about 3,648 square feet on a lot of about 2.1 acres, with a median year built of 2015. Only 17 of the 110 sales (15%) were built in 2025 or later, 40 were built in 2020 or later and 28 were built before 2000. Price per square foot is about $355, against $264 in the $800K to $1M range.
The range splits into two tiers. 77 sales were between $1,000,000 and $1,500,000, at a median of $1,175,000. The other 33 sales (30%) were at $1,500,000 and above, with a median of $1,855,000 and a median size of about 4,079 square feet. 14 homes sold at $2,000,000 and above, 6 at $3,000,000 and above, and the highest sale was $8,000,000.
Top Dripping Springs Neighborhoods for Homes $1M and Up
These communities had the most closed sales at $1,000,000 and above over the past 12 months and together made up 52 of the 110 sales (47%). Each one links to its neighborhood guide and its homes for sale page when we have them. Sales are counted across all sections of each community, and the lot figure is the median for sales in this range.
- Bunker Ranch: 14 sales, median $1,216,250, median size about 3,567 sq ft on a median lot of about 0.89 acre. 4 of the 14 sales were on one acre or more. Neighborhood guide and homes for sale
- Caliterra: 14 sales, median $1,216,637, median size about 4,141 sq ft on a median lot of about 0.41 acre. 0 of the 14 sales were on one acre or more. Neighborhood guide and homes for sale
- Sunset Canyon: 7 sales, median $1,190,000, median size about 3,734 sq ft on a median lot of about 1.86 acres. 7 of the 7 sales were on one acre or more. Neighborhood guide and homes for sale
- Headwaters: 4 sales, median $1,111,759, median size about 3,286 sq ft on a median lot of about 0.17 acre. 0 of the 4 sales were on one acre or more. Neighborhood guide and homes for sale
- Saddletree Ranch: 4 sales, median $1,180,000, median size about 3,591 sq ft on a median lot of about 1.46 acre. 4 of the 4 sales were on one acre or more. Neighborhood guide and homes for sale
- Stagecoach Ranch: 3 sales, median $1,300,000, median size about 2,593 sq ft on a median lot of about 5.83 acres. 3 of the 3 sales were on one acre or more.
- Dos Lagos: 3 sales, median $1,170,000, median size about 3,675 sq ft on a median lot of about 1.87 acres. 3 of the 3 sales were on one acre or more. Neighborhood guide and homes for sale
- Triple Creek Ranch: 3 sales, median $1,248,000, median size about 3,099 sq ft on a median lot of about 2.77 acres. 3 of the 3 sales were on one acre or more. Neighborhood guide and homes for sale
The Ranches at Dripping Springs (3 sales, median $4,200,000) and the Ranches at Hamilton Pool (2 sales) sold on lots of about 13 to 22 acres. Another 4 sales had no subdivision name and were on larger tracts, with a median lot of about 19 acres and a median price of $1,557,500. Medians for communities with three to five sales reflect specific homes, not a trend.
Lot Sizes and Acreage
Acreage is the norm in this range. In the past 12 months, the median lot for a sale at $1,000,000 and above was about 2.1 acres, 79 of the 110 sales (72%) were on one acre or more, 37 were on five acres or more and 27 were on ten acres or more. 18 of the 31 sales on less than an acre were in Caliterra and Headwaters, where lots are smaller. For the communities with the largest lots, see our Dripping Springs luxury neighborhood guide.
On acreage, look into the water source (public water, a well or a water co-op), septic systems, electric providers, flood plain, easements and any deed restrictions on outbuildings or animals. These vary by address, so confirm them in the title work and any HOA documents before you write an offer.
Five-Year Sales History
| 12 Months Ending Oct 31 | Homes Sold | Median Sale Price | Median Days on Market |
|---|---|---|---|
| 2026 | 110 | $1,240,000 | 40 |
| 2025 | 100 | $1,250,000 | 48 |
| 2024 | 85 | $1,250,000 | 66.5 |
| 2023 | 79 | $1,235,000 | 45 |
| 2022 | 123 | $1,275,000 | 20.5 |
Source: Unlock MLS, October 31, 2026. Single-family homes with a Dripping Springs mailing address that closed at $1,000,000 and above, in 12-month windows ending October 31 of each year. Deemed reliable but not guaranteed.
Sales at this level peaked at 123 in 2022, when the median home sold in 20.5 days. Volume fell to 79 in 2023 and has grown each year since, to 110 in the latest 12 months. The median sale price has stayed between $1,235,000 and $1,275,000 throughout, and the median home now takes 40 days to sell, down from a high of 66.5 days in 2024.
Property Taxes, HOA Dues and Schools
Property tax: Property tax depends on the address. Dripping Springs ZIP 78620 includes homes inside the city and in the surrounding Hill Country, so the taxing districts differ. The appraisal district property page for the address lists the school district, any MUD or PID and the other taxing units. Reach out and we can look up an exact address for you.
HOA dues: Dues and what they cover vary by community, and some neighborhoods and acreage tracts have no HOA. Check the neighborhood guide for the community you are considering, and review the HOA or deed restriction documents before you write an offer.
Schools: School zoning depends on the address. In the past 12 months, sales at this level were zoned to Dripping Springs ISD (95 sales), Lake Travis ISD (9) and Johnson City ISD (6). See our Dripping Springs ISD, Lake Travis ISD and Johnson City ISD pages, and confirm the zoned schools for a specific address with the district before you write an offer.
Is Now a Good Time to Buy a Dripping Springs Luxury Home?
median days on market, past 12 months
average sale price against the original list price
for sale now, about 9 months of supply
Homes at this level closed about 7% below their original asking price on average, and 82 homes are available today, the most choice of any price range in Dripping Springs. Buyers have room to compare communities and lot sizes, and to negotiate. Because lots, views and water sources differ so much from one property to the next, price per square foot alone is a poor guide on acreage.
How to Buy a Luxury Home in Dripping Springs
- Plan your financing early. Depending on your down payment, a loan at this level may exceed the conforming limit and require a jumbo loan, which can have different down payment, reserve and appraisal requirements. Our Austin home buyer guide covers the steps and costs.
- Compare the community and the land, not just the house. Master-planned communities and acreage tracts differ on dues, utilities, lot sizes and restrictions, so read the neighborhood guide for each one.
- Check the school district. Homes at this level in Dripping Springs are zoned to Dripping Springs ISD, Lake Travis ISD or Johnson City ISD, depending on the address.
- Expect fewer comparable sales. With about 9 sales a month across the whole area at this level, pricing an acreage property takes careful analysis based on the same community and similar lot types.
- Inspect thoroughly. On acreage and larger homes, add specialized inspections for septic or wells, pools, roofs and foundations as needed.
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Dripping Springs Luxury Homes for Sale: Frequently Asked Questions
How many luxury homes are for sale in Dripping Springs, TX?
As of October 31, 2026, 82 single-family homes are for sale in Dripping Springs at $1,000,000 and above.
What is the median sale price of Dripping Springs luxury homes?
In the past 12 months, 110 Dripping Springs homes sold at $1,000,000 and above at a median of $1,240,000, or $355 per square foot. The median home was 3,648 square feet.
How long do Dripping Springs luxury homes take to sell?
The median home sold in 40 days over the past 12 months, at an average of 96.3% of the final list price and 92.7% of the original list price, so buyers often negotiate.
Which Dripping Springs neighborhoods have the most luxury sales?
The most sales at $1,000,000 and above in the past 12 months were in Bunker Ranch (14), Caliterra (14), Sunset Canyon (7), Headwaters (4) and Saddletree Ranch (4).
How many Dripping Springs homes sell for $2 million or more?
14 homes sold at $2,000,000 and above in the past 12 months, and 6 sold at $3,000,000 and above. The highest sale was $8,000,000.
Are there Dripping Springs luxury homes on an acre or more?
Yes. 79 of the 110 homes that sold at $1,000,000 and above in the past 12 months were on one acre or more, 37 were on five acres or more and 27 were on ten acres or more.
How much of the Dripping Springs luxury market is new construction?
17 of the 110 homes that sold at $1,000,000 and above were built in 2025 or later, and 10 of the 82 homes for sale today were built in 2025 or later.
Why does the property tax bill vary in Dripping Springs?
Dripping Springs ZIP 78620 includes homes inside the city and in the surrounding Hill Country, so the taxing districts differ by address. We can look up the exact taxing units for any address.
Which school districts serve Dripping Springs luxury homes?
Sales at $1,000,000 and above in the past 12 months were zoned to Dripping Springs ISD (95 sales), Lake Travis ISD (9) and Johnson City ISD (6). Confirm the zoned schools for a specific address with the district.
Is it a buyer’s market for luxury homes in Dripping Springs?
With about 9 months of supply, a median of 40 days on the market and homes closing at an average of 92.7% of the original list price, buyers have more room to negotiate than they did in 2022, when the median home at this level sold in 20.5 days.
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