$6,293 Closing Credit*
$529,900
1,740 SqFt
3 Beds
•2 Full Baths
Julie Murray, Listing Office: Realty ONE Group Prestige
Is Damascus, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$694,250
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,250(+6.0%)
Key Takeaway
Homes in Damascus have sold for 6% more than they did a year ago.
Summary: The median home sold price in Damascus was $694,250 in October 2024, up 6% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $605K | +39.1% |
| 3 Bedrooms | $579.9K | $574.9K | -0.9% |
| 4 Bedrooms | $749K | $725K | -3.2% |
| 5+ Bedrooms | $682.7K | $721K | +5.6% |
Summary: Damascus housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Damascus | $655K | $694.2K | +6.0% |
| Gresham | $465K | $484.2K | +4.2% |
| Boring | $750K | $750K | 0.0% |
| Happy Valley | $659.9K | $658.9K | -0.2% |
| Clackamas | $585K | $579.9K | -0.9% |
Housing Supply in Damascus, OR
How many homes are available in Damascus, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 67 | -6.9% |
Summary: The Damascus real estate market had 67 homes for sale in October 2024, a 6.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 23 | 27 | +17.4% |
| 4 Bedrooms | 30 | 25 | -16.7% |
| 5+ Bedrooms | 19 | 15 | -21.1% |
Summary: The Damascus housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 21.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Damascus, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Damascus in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 37 Days | +41.0% |
Summary: Homes in Damascus had an average of 37 days on market in Oct 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Damascus are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Damascus; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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