Is Damascus, OR 97089 a buyer’s or seller’s market?
Damascus is a seller’s market. With about 3.3 months of supply and 26% 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.
More competitive than 68% of U.S. ZIP codes, and #38 of 170 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Damascus housing market right now
In the three months ending August 31, 2026, 26% of homes in Damascus, OR 97089 sold above their list price, the typical home went under contract in 25 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 43 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (39 days then) and the median sale price rose 7% to $667,211. Overall, Damascus is more competitive than a year ago, so tougher for buyers.
Within Clackamas County, homes here sell faster than in 52% of the county’s ZIP codes, and sell more often over asking than in 74%. On our competition score, Damascus ranks #38 of 170 OR ZIP codes with enough sales (score 65 out of 100).
Nearby, buyers who want less competition could look at Government Camp 97028 (0% sold over asking) or Beavercreek 97004 (0% sold over asking), while Clackamas 97015 (35% sold over asking) and Portland 97222 (35% sold over asking) are even more competitive.
Run the numbers for 97089
Nearby markets
Beavercreek 97004Balanced $425 /sq ftBoring 97009Seller’s market $335 /sq ftBrightwood 97011Buyer’s market $345 /sq ftCanby 97013Seller’s market $317 /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 3.3 months of supply in Damascus, OR 97089 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 25 days in the latest three months.
Do homes in Damascus sell over asking?
26% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What are property taxes in Damascus?
About 0.85% of a home’s value a year in Clackamas County, or roughly $3,400 on a $400,000 home.
What is the median home price in Damascus?
The median sale price was $667,211 in the three months ending August 31, 2026, about $300 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