Damascus, VA—24236

As of Aug '25, the median home price in Damascus, VA is $206,000, with a year-over-year change of -3.1%. This indicates that home prices in Damascus, VA are decreasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Damascus, VA is 63. This is an decrease of -7.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Damascus, VA in that year was 56. 86.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 62.0%. Of those, 23.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Damascus, VA. Investor activity in Damascus, VA is low, as 5.0% of all loans are originated by investors. In 2023, 23.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.