$2,731 Closing Credit*
$230,000
1,718 SqFt
4 Beds
•2 Full Baths
Mark Taylor, Listing Office: Keller Williams Northern New York
Is Watertown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Watertown was a Seller's Market.
Key Takeaway
Watertown 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, NY
How much do homes in Watertown, NY cost?
Median Sold Price
$185,600
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,905(+3.3%)
Key Takeaway
Homes in Watertown have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Watertown was $185,600 in October 2024, up 3.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $159.9K | +88.1% |
| 2 Bedrooms | $133K | $149.9K | +12.7% |
| 3 Bedrooms | $181.4K | $174.9K | -3.6% |
| 4 Bedrooms | $187.9K | $213.7K | +13.7% |
| 5+ Bedrooms | $187.8K | $206.7K | +10.1% |
Summary: Watertown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.1%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Pamelia | $263.7K | $299K | +13.4% |
| Le Ray | $243K | $275K | +13.2% |
| Watertown | $179.6K | $185.6K | +3.3% |
Housing Supply in Watertown, NY
How many homes are available in Watertown, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 237 | 248 | +4.6% |
Summary: The Watertown real estate market had 248 homes for sale in October 2024, a 4.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 90 | 101 | +12.2% |
| 4 Bedrooms | 83 | 76 | -8.4% |
| 5+ Bedrooms | 46 | 55 | +19.6% |
Summary: The Watertown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 19.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Watertown in October 2024, down by 5.3% month-over-month. Of the 36 sold homes, 47% were sold under asking, 11% were sold at asking, and 42% were sold over asking.
Days on Market for Watertown, NY
How long does it take to sell a home in Watertown, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 38 Days | +51.7% |
Summary: Homes in Watertown had an average of 38 days on market in Oct 2024, up by 51.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Watertown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Watertown; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
