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Is Damascus, VA 24236 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Damascus is a buyer’s market. With about 13.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply13.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list91.3%Sold price ÷ list price
Median days on market26Listing to accepted offer
Median price per sq ft$221▲ +48.0% vs. last year

The Damascus housing market right now

In the three months ending August 31, 2026, 0% of homes in Damascus, VA 24236 sold above their list price, the typical home went under contract in 26 days and there were 13.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (57 days then) and the median sale price rose 73% to $278,879. Overall, Damascus is less competitive than a year ago, which gives buyers more room.

Within Washington County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Nearby, Mendota 24270 (100% sold over asking) and Abingdon 24211 (18% sold over asking) are even more competitive.

Run the numbers for 24236

Prefilled for 24236Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24236Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Abingdon 24210Balanced $176 /sq ftAbingdon 24211Buyer’s market $176 /sq ftBristol 24202Balanced $161 /sq ftGlade Spring 24340Buyer’s market $140 /sq ft Browse all markets →

Towns like Damascus nearby

Find towns like Damascus in other states →
Hampton, TN37658 · 35 miles away80% similarcheaper homes ($29K less) · younger residents Cleveland, VA24225 · 29 miles away75% similarcheaper homes ($37K less) · smaller Elk Park, NC28622 · 34 miles away66% similarpricier homes ($31K more) · younger residents Sparta, NC28675 · 37 miles away66% similarpricier homes ($76K more) · larger

Where Damascus is

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Questions about Damascus real estate

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

A buyer’s market: there were 13.9 months of supply in Damascus, VA 24236 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 26 days in the latest three months.

Do homes in Damascus sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 91.3% of the list price.

What are property taxes in Damascus?

About 0.50% of a home’s value a year in Washington County, or roughly $2,000 on a $400,000 home.

What is the median home price in Damascus?

The median sale price was $278,879 in the three months ending August 31, 2026, about $221 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