Is Watson, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Watson has remained a Neutral Market.
Key Takeaway
Watson is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Watson, NY
How much do homes in Watson, NY cost?
Median Sold Price
$156,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Watson have sold for 1% more than they did a year ago.
Summary: The median home sold price in Watson was $156,000 in May 2024, up 1% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $40K | -46.7% |
| 2 Bedrooms | $76.5K | $72.5K | -5.2% |
| 3 Bedrooms | $235.4K | $192.4K | -18.3% |
| 4 Bedrooms | $228.7K | $207.5K | -9.3% |
| 5+ Bedrooms | $285K | $144.5K | -49.3% |
Summary: Watson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.7%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 49.3%.
Median Sold Price Compared To Nearby Cities
| Watson | $154.5K | $156K | +1.0% |
| New Bremen | $169.2K | $167K | -1.3% |
Housing Supply in Watson, NY
How many homes are available in Watson, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Watson real estate market had 7 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Watson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watson, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Watson in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Watson, NY
How long does it take to sell a home in Watson, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 79 Days | 2 Days | -97.5% |
Summary: Homes in Watson had an average of 2 days on market in May 2024, down by 97.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Watson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Watson; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
