Is Damascus, AR 72039 a buyer’s or seller’s market?
Damascus is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Damascus housing market right now
In the three months ending August 31, 2026, 0% of homes in Damascus, AR 72039 sold above their list price, the typical home went under contract in 89 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 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 33%, homes sold more slowly (30 days then) and the median sale price fell 24% to $249,892. Overall, Damascus is less competitive than a year ago, which gives buyers more room.
Within Faulkner County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Mount Vernon 72111 (67% sold over asking) and Greenbrier 72058 (12% sold over asking) are even more competitive.
Run the numbers for 72039
Nearby markets
Conway 72032Seller’s market $148 /sq ftConway 72034Seller’s market $163 /sq ftEnola 72047Balanced $145 /sq ftGreenbrier 72058Balanced $180 /sq ft Browse all markets →Towns like Damascus nearby
Find towns like Damascus in other states →Where Damascus is
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Questions about Damascus real estate
Is Damascus a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Damascus, AR 72039 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 89 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 97.1% of the list price.
What are property taxes in Damascus?
About 0.54% of a home’s value a year in Faulkner County, or roughly $2,160 on a $400,000 home.
What is the median home price in Damascus?
The median sale price was $249,892 in the three months ending August 31, 2026, about $157 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