$3,205 Closing Credit*
$269,900
2,326 SqFt
4 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Watertown, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Watertown was a Seller's Market.
Key Takeaway
Watertown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Watertown, MN
How much do homes in Watertown, MN cost?
Median Sold Price
$376,118
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,118(+14.0%)
Key Takeaway
Homes in Watertown have sold for 14% more than they did a year ago.
Summary: The median home sold price in Watertown was $376,118 in November 2024, up 14% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $265.9K | $250K | -6.0% |
| 3 Bedrooms | $300.4K | $372.4K | +24.0% |
| 4 Bedrooms | $370.2K | $377.6K | +2.0% |
| 5+ Bedrooms | $440K | $402.7K | -8.5% |
Summary: Watertown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Watertown Township | $331K | $378K | +14.2% |
| Watertown | $330K | $376.1K | +14.0% |
Housing Supply in Watertown, MN
How many homes are available in Watertown, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Watertown real estate market had 29 homes for sale in November 2024, a 3.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Watertown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Watertown in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Watertown, MN
How long does it take to sell a home in Watertown, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 60 Days | +1301.9% |
Summary: Homes in Watertown had an average of 60 days on market in Nov 2024, up by 1301.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Watertown has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Watertown; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
