$4,988 Closing Credit*
$420,000
2,036 SqFt
5 Beds
•2 Full Baths
Ken Demirs, Listing Office: Regency Real Estate, LLC
Is Watertown, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Watertown has remained a Seller's Market.
Key Takeaway
Watertown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Watertown, CT
How much do homes in Watertown, CT cost?
Median Sold Price
$350,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+14.8%)
Key Takeaway
Homes in Watertown have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Watertown was $350,000 in October 2024, up 14.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.2K | $176.4K | +23.2% |
| 2 Bedrooms | $265K | $305K | +15.1% |
| 3 Bedrooms | $303.5K | $350K | +15.3% |
| 4 Bedrooms | $432.5K | $425K | -1.7% |
| 5+ Bedrooms | $363.2K | $507.5K | +39.7% |
Summary: Watertown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.2%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 39.7%.
Housing Supply in Watertown, CT
How many homes are available in Watertown, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 72 | -1.4% |
Summary: The Watertown real estate market had 72 homes for sale in October 2024, a 1.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 39 | 38 | -2.6% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Watertown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Watertown in October 2024, down by 5.6% month-over-month. Of the 17 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% were sold over asking.
Days on Market for Watertown, CT
We’re sorry, we don't have information for this market at the moment
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