Watertown, SD
Housing market overview · Updated weekly
$275,000median sale price
Homes sold
27
Last 12 weeks
Days on market
88
Average pace
Active listings
69
2.6 months supply
Sale-to-list
95.2%
Below asking
The Watertown housing market is currently classified as a balanced market with a median sale price of $275,000. Prices have risen 28.6% compared to last year, with homes spending an average of 88 days on market, indicating 2.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Watertown?
The median home sale price in Watertown is $275,000, up 28.6% from last year.
How long do homes stay on market in Watertown?
Homes typically spend 88 days on market before going under contract.
Is Watertown a buyer's or seller's market?
With 2.6 months of supply, Watertown is currently a balanced market.
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