$9,488 Closing Credit*
$799,000
1,832 SqFt
3 Beds
•2 Full Baths
#73320455, Ari Koufos, Listing Office: Realty Executives
Is Watertown, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$842,500
$527/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,166(+0.7%)
Key Takeaway
Homes in Watertown have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Watertown was $842,500 in November 2024, up 0.7% from last year, and the median price per square foot was $527.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $417K | $511K | +22.5% |
| 2 Bedrooms | $530K | $630K | +18.9% |
| 3 Bedrooms | $845K | $849.9K | +0.6% |
| 4 Bedrooms | $1.1M | $1.0M | -6.8% |
| 5+ Bedrooms | $1.1M | $1.2M | +4.3% |
Summary: Watertown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Cambridge | $1.0M | $1.1M | +9.1% |
| Belmont | $1.2M | $1.3M | +8.9% |
| Waltham | $750.3K | $800K | +6.6% |
| Watertown Town | $835.3K | $842.5K | +0.9% |
| Watertown | $836.3K | $842.5K | +0.7% |
Housing Supply in Watertown, MA
How many homes are available in Watertown, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 106 | 88 | -17.0% |
Summary: The Watertown real estate market had 88 homes for sale in November 2024, a 17.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 28 | 22 | -21.4% |
| 3 Bedrooms | 37 | 28 | -24.3% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 17 | 13 | -23.5% |
Summary: The Watertown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 24.3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 19 | -32.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Watertown in November 2024, down by 32.1% month-over-month. Of the 19 sold homes, 42% were sold under asking, 5% were sold at asking, and 53% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 35 Days | +33.2% |
Summary: Homes in Watertown had an average of 35 days on market in Nov 2024, up by 33.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Watertown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Watertown; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
