$3,205 Closing Credit*
$269,900
2,326 SqFt
4 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Watertown Township, 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 Township was a Seller's Market.
Key Takeaway
Watertown Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Watertown Township, MN
How much do homes in Watertown Township, MN cost?
Median Sold Price
$378,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,000(+14.2%)
Key Takeaway
Homes in Watertown Township have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Watertown Township was $378,000 in November 2024, up 14.2% from last year, and the median price per square foot was $180.
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 | $384K | +3.7% |
| 5+ Bedrooms | $495K | $415.5K | -16.1% |
Summary: Watertown Township 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 3.7%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
| Watertown Township | $331K | $378K | +14.2% |
| Watertown | $330K | $376.1K | +14.0% |
| Minnetrista | $673.4K | $749K | +11.2% |
| Mayer | $353K | $375K | +6.2% |
Housing Supply in Watertown Township, MN
How many homes are available in Watertown Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The Watertown Township real estate market had 31 homes for sale in November 2024, a 3.3% 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 | 4 | 4 | 0.0% |
Summary: The Watertown Township 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 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were 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 Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Watertown Township in November 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Watertown Township, MN
How long does it take to sell a home in Watertown Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 65 Days | +1409.2% |
Summary: Homes in Watertown Township had an average of 65 days on market in Nov 2024, up by 1409.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Watertown Township has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Watertown Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
