$8,966 Closing Credit*
$755,000
1,642 SqFt
3 Beds
•2 Full Baths
#73312615, Olena Lyons, Listing Office: Red Tree Real Estate
Is Watertown Town, 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 Town has remained a Seller's Market.
Key Takeaway
Watertown Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Watertown Town, MA
How much do homes in Watertown Town, MA cost?
Median Sold Price
$842,000
$529/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+1.5%)
Key Takeaway
Homes in Watertown Town have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Watertown Town was $842,000 in October 2024, up 1.5% 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 | -7.4% |
| 5+ Bedrooms | $1.1M | $1.2M | +6.2% |
Summary: Watertown Town 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 7.4%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in Watertown Town, MA
How many homes are available in Watertown Town, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 106 | +29.3% |
Summary: The Watertown Town 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 Town 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 Town, 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 Town 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 Town, MA
How long does it take to sell a home in Watertown Town, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +32.5% |
Summary: Homes in Watertown Town 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 Town are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Watertown Town; 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.
