$4,988 Closing Credit*
$420,000
1,573 SqFt
3 Beds
•3 Full Baths
Debra Sue Brown, Listing Office: Fathom Realty MD, LLC
Is Damascus, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Damascus has remained a Seller's Market.
Key Takeaway
Damascus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Damascus, MD
How much do homes in Damascus, MD cost?
Median Sold Price
$557,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+0.4%)
Key Takeaway
The sold price of homes in Damascus has remained the same since last year.
Summary: The median home sold price in Damascus was $557,000 in November 2024, up 0.4% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $287.5K | +6.5% |
| 3 Bedrooms | $420K | $500K | +19.0% |
| 4 Bedrooms | $605K | $603.5K | -0.2% |
| 5+ Bedrooms | $883.7K | $735K | -16.8% |
Summary: Damascus housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 16.8%.
Housing Supply in Damascus, MD
How many homes are available in Damascus, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The Damascus real estate market had 42 homes for sale in November 2024, a 2.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Damascus housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Damascus, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Damascus in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for Damascus, MD
How long does it take to sell a home in Damascus, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 18 Days | +74.8% |
Summary: Homes in Damascus had an average of 18 days on market in Nov 2024, up by 74.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Damascus are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Damascus; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
