$4,026 Closing Credit*
$339,000
1,500 SqFt
3 Beds
•2 Full Baths
James (Jamie) Petty, Listing Office: Heartland Real Estate & Auction, Inc.
Is Watertown, TN 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 Buyer's Market.
Key Takeaway
Watertown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Watertown, TN
How much do homes in Watertown, TN cost?
Median Sold Price
$472,400
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,600(-0.5%)
Key Takeaway
Homes in Watertown have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Watertown was $472,400 in October 2024, down 0.5% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174.9K | $557K | +218.5% |
| 3 Bedrooms | $460K | $425K | -7.6% |
| 4 Bedrooms | $701.3K | $530K | -24.4% |
| 5+ Bedrooms | $729K | $685K | -6.0% |
Summary: Watertown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 218.5%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes decreased by 6%.
Housing Supply in Watertown, TN
How many homes are available in Watertown, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The Watertown real estate market had 37 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Watertown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Watertown in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Watertown, TN
How long does it take to sell a home in Watertown, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 41 Days | -23.3% |
Summary: Homes in Watertown had an average of 41 days on market in Oct 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Watertown has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Watertown; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.