$3,561 Closing Credit*
$299,900
1,972 SqFt
3 Beds
•2 Full Baths
Julie Ablan-Woodrow, Listing Office: Marble Key Realty LLC
Is Watertown, NY 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, NY
How much do homes in Watertown, NY cost?
Median Sold Price
$185,111
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,111(+2.8%)
Key Takeaway
Homes in Watertown have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Watertown was $185,111 in November 2024, up 2.8% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $159.9K | +146.0% |
| 2 Bedrooms | $128K | $149.9K | +17.1% |
| 3 Bedrooms | $178K | $175K | -1.7% |
| 4 Bedrooms | $195K | $214.3K | +9.9% |
| 5+ Bedrooms | $187.8K | $200.7K | +6.9% |
Summary: Watertown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 146%, 2 bedroom homes increased by 17.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Le Ray | $243K | $275K | +13.2% |
| Pamelia | $263.7K | $295K | +11.8% |
| Watertown | $180K | $185.1K | +2.8% |
Housing Supply in Watertown, NY
How many homes are available in Watertown, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 242 | 238 | -1.7% |
Summary: The Watertown real estate market had 238 homes for sale in November 2024, a 1.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 21 | +31.3% |
| 3 Bedrooms | 95 | 87 | -8.4% |
| 4 Bedrooms | 77 | 75 | -2.6% |
| 5+ Bedrooms | 53 | 54 | +1.9% |
Summary: The Watertown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.3%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 1.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 29 | -25.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Watertown in November 2024, down by 25.6% month-over-month. Of the 29 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 44 Days | -17.4% |
Summary: Homes in Watertown had an average of 44 days on market in Nov 2024, down by 17.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 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 November 2024, 29 homes were sold in Watertown; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
