Is Damascus, PA 18415 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Damascus is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list97%Sold price ÷ list price
Median days on market29Listing to accepted offer
Median price per sq ft$264▲ +21.3% vs. last year

The Damascus housing market right now

In the three months ending August 31, 2026, 14% of homes in Damascus, PA 18415 sold above their list price, the typical home went under contract in 29 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (10 days then) and the median sale price rose 18% to $398,827. Overall, Damascus is more competitive than a year ago, so tougher for buyers.

Within Wayne County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 67%.

Nearby, buyers who want less competition could look at Starrucca 18462 (0% sold over asking) or Starlight 18461 (0% sold over asking), while Pleasant Mount 18453 (43% sold over asking) and Honesdale 18431 (31% sold over asking) are even more competitive.

Nearby markets

Beach Lake 18405Seller’s market $146 /sq ftEquinunk 18417Seller’s market $179 /sq ftHonesdale 18431Seller’s market $207 /sq ftLake Ariel 18436Balanced $188 /sq ft Browse all markets →

Where Damascus is

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Questions about Damascus real estate

Is Damascus a buyer’s or seller’s market?

A balanced market: there were 5 months of supply in Damascus, PA 18415 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Damascus?

The typical home went under contract in 29 days in the latest three months.

Do homes in Damascus sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.

What are property taxes in Damascus?

About 1.26% of a home’s value a year in Wayne County, or roughly $5,040 on a $400,000 home.

What is the median home price in Damascus?

The median sale price was $398,827 in the three months ending August 31, 2026, about $264 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology