Is Damascus, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Damascus has remained a Seller's Market.
Housing Prices in Damascus, OR
How much do homes in Damascus, OR cost?
Median Sold Price
$670,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Damascus was $670,000 in April 2024, up 1.5% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $466K | $545K | +17.0% |
3 Bedrooms | $599K | $579K | -3.3% |
4 Bedrooms | $681.2K | $749K | +9.9% |
5+ Bedrooms | $750K | $660K | -12.0% |
Summary: Damascus housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Cities
Boring | $635K | $775K | +22.0% |
Clackamas | $580K | $599.9K | +3.4% |
Damascus | $660K | $670K | +1.5% |
Gresham | $469.9K | $475K | +1.1% |
Happy Valley | $700.2K | $649.9K | -7.2% |
Housing Supply in Damascus, OR
How many homes are available in Damascus, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 51 | +37.8% |
Summary: The Damascus real estate market had 51 homes for sale in April 2024, a 37.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 12 | 19 | +58.3% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Damascus housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 58.3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Damascus in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 56 Days | +63.6% |
Summary: Homes in Damascus had an average of 56 days on market in Apr 2024, up by 63.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Damascus; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.