$10,000 Closing Credit*
$2,500,000
3,800 SqFt
10 Beds
•7 Full Baths
#73314399, Niko Stafford, Listing Office: CRG Commercial
Is Watertown, MA 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, MA
How much do homes in Watertown, MA cost?
Median Sold Price
$842,000
$529/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+1.2%)
Key Takeaway
Homes in Watertown have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Watertown was $842,000 in October 2024, up 1.2% from last year, and the median price per square foot was $529.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $417K | $480.2K | +15.2% |
| 2 Bedrooms | $525K | $630K | +20.0% |
| 3 Bedrooms | $833.7K | $857.4K | +2.8% |
| 4 Bedrooms | $1.0M | $1.0M | -8.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +6.2% |
Summary: Watertown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Belmont | $1.2M | $1.3M | +10.9% |
| Cambridge | $1.0M | $1.1M | +6.6% |
| Waltham | $753K | $781K | +3.7% |
| Watertown Town | $829.5K | $842K | +1.5% |
| Watertown | $832K | $842K | +1.2% |
Housing Supply in Watertown, MA
How many homes are available in Watertown, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 106 | +29.3% |
Summary: The Watertown real estate market had 106 homes for sale in October 2024, a 29.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 19 | 28 | +47.4% |
| 3 Bedrooms | 26 | 38 | +46.2% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
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 increased by 47.4%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 26 | +73.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Watertown in October 2024, up by 73.3% month-over-month. Of the 26 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Watertown, MA
How long does it take to sell a home in Watertown, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +32.5% |
Summary: Homes in Watertown had an average of 25 days on market in Oct 2024, up by 32.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Watertown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Watertown; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
