$8,668 Closing Credit*
$729,900
2,976 SqFt
4 Beds
•3 Full Baths
Kevin Riley, Listing Office: Vantage Point Brokers, LLC
Is Damascus, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Damascus was a Seller's Market.
Key Takeaway
Damascus is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Damascus, OR
How much do homes in Damascus, OR cost?
Median Sold Price
$693,500
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,250(+5.4%)
Key Takeaway
Homes in Damascus have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Damascus was $693,500 in November 2024, up 5.4% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | $665K | +35.7% |
| 3 Bedrooms | $579K | $592.4K | +2.3% |
| 4 Bedrooms | $749.5K | $700K | -6.6% |
| 5+ Bedrooms | $660K | $765K | +15.9% |
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 35.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Damascus | $658.2K | $693.5K | +5.4% |
| Gresham | $465K | $485.1K | +4.3% |
| Boring | $750K | $757.5K | +1.0% |
| Happy Valley | $655K | $659.9K | +0.8% |
| Clackamas | $590K | $585K | -0.8% |
Housing Supply in Damascus, OR
How many homes are available in Damascus, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 52 | -16.1% |
Summary: The Damascus real estate market had 52 homes for sale in November 2024, a 16.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
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 remained the same, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Damascus, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Damascus in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Damascus, OR
How long does it take to sell a home in Damascus, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 43 Days | +23.8% |
Summary: Homes in Damascus had an average of 43 days on market in Nov 2024, up by 23.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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, 8 homes were sold in Damascus; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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