Market Overview for Zip Code 78737

There are 76 active listings in Zip Code 78737 with a median list price of $977K and a median sold price of $810K.

Homes average 62 days on market.

Over the past 30 days, 27 homes have sold, with 361 sales in the past 12 months.

The average price per square foot is $352.

About Zip Code 78737

Zip code 78737 covers a rapidly growing area in southern Travis County and northern Hays County, roughly 18 to 24 miles southwest of downtown Austin. The area includes the master-planned communities of Belterra and Ledge Stone, as well as the Bear Creek and Thomas Springs areas along Highway 290 between Oak Hill and Dripping Springs. The terrain is classic Hill Country with rolling limestone hills, seasonal creek beds, scattered live oaks, and open grassland. The area has transitioned from predominantly ranch land to residential development over the past two decades, with national homebuilders opening multiple subdivisions along the 290 corridor.

Real estate in 78737 is heavily weighted toward newer construction in master-planned communities. Belterra, the largest community, has approximately 2,500 homes and lots, with single-family houses from 1,800 to 4,000 square feet. Prices in Belterra range from $425K for smaller three-bedroom homes to $800K for larger five-bedroom properties on premium lots. Ledge Stone features homes from $450K to $750K with views of the surrounding Hill Country. Older ranch properties and custom homes on 2 to 20 acre tracts are also available, ranging from $500K to $1.5 million. The median home price across 78737 is approximately $550K. The community continues to add new sections with active builder inventory.

Students in 78737 attend Dripping Springs ISD, a district serving approximately 8,000 students across multiple campuses. Belterra has Rooster Springs Elementary within the community, and other elementary campuses include Sycamore Springs Elementary. Dripping Springs Middle School covers 6th through 8th grade. Dripping Springs High School, the sole high school in the district, enrolls approximately 2,000 students and has earned recognition for academic performance, with above-average SAT and ACT scores and competitive UIL programs in academics, athletics, and fine arts.

Highway 290 is the primary transportation corridor through 78737, connecting east to Austin and west to Dripping Springs and Johnson City. The drive to downtown Austin is typically 30 to 45 minutes depending on traffic, with the highway widening projects along 290 aimed at reducing congestion. The Thomas Springs Road and Nutty Brown Road intersections along 290 provide local access. Commercial development within 78737 is growing but still limited, with the Belterra Village shopping center providing an H-E-B, CVS, restaurants, and local retail. The Hill Country Galleria in Bee Cave is about 15 minutes north on Highway 71.

Living in Zip Code 78737