Is Damascus, MD 20872 a buyer’s or seller’s market?

The Damascus housing market right now

In the three months ending August 31, 2026, 40% of homes in Damascus, MD 20872 sold above their list price, the typical home went under contract in 30 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 46 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold faster (47 days then) and the median sale price fell 2% to $548,763. Overall, Damascus is more competitive than a year ago, so tougher for buyers.

Within Montgomery County, homes here sell faster than in 88% of the county’s ZIP codes, and sell more often over asking than in 76%. On our competition score, Damascus ranks #66 of 241 MD ZIP codes with enough sales (score 75 out of 100).

Nearby, buyers who want less competition could look at Garrett Park 20896 (0% sold over asking) or Washington Grove 20880 (0% sold over asking), while Silver Spring 20905 (74% sold over asking) and Boyds 20841 (51% sold over asking) are even more competitive.