Is Watertown, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Watertown has remained a Seller's Market.
Housing Prices in Watertown, MN
How much do homes in Watertown, MN cost?
Median Sold Price
$355,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Watertown was $355,000 in April 2024, up 7.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $269.7K | $266.4K | -1.2% |
3 Bedrooms | $295K | $341.5K | +15.8% |
4 Bedrooms | $390K | $380K | -2.6% |
5+ Bedrooms | $440K | $445K | +1.1% |
Summary: Watertown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Watertown Township | $328.7K | $360K | +9.5% |
Watertown | $330K | $355K | +7.6% |
Housing Supply in Watertown, MN
How many homes are available in Watertown, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 37 | +12.1% |
Summary: The Watertown real estate market had 37 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Watertown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Watertown in April 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 43 Days | +128.2% |
Summary: Homes in Watertown had an average of 43 days on market in Apr 2024, up by 128.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Watertown; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.