$75,000
0.12 Acres
Land
#1989781, Denis Greatens, Listing Office: Keller Williams Lake Country
Is Watertown, WI 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, WI
How much do homes in Watertown, WI cost?
Median Sold Price
$294,833
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,875(+13.4%)
Key Takeaway
Homes in Watertown have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Watertown was $294,833 in October 2024, up 13.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $146K | -14.1% |
| 2 Bedrooms | $235K | $231.2K | -1.6% |
| 3 Bedrooms | $245K | $309.9K | +26.5% |
| 4 Bedrooms | $299.5K | $325.5K | +8.7% |
| 5+ Bedrooms | $369K | $330K | -10.6% |
Summary: Watertown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Watertown | $259.9K | $294.8K | +13.4% |
| Watertown | $260K | $293.2K | +12.8% |
Housing Supply in Watertown, WI
How many homes are available in Watertown, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 84 | +15.1% |
Summary: The Watertown real estate market had 84 homes for sale in October 2024, a 15.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 18 | 29 | +61.1% |
| 5+ Bedrooms | 4 | 4 | 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 61.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 14 | -39.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Watertown in October 2024, down by 39.1% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% were sold over asking.
Days on Market for Watertown, WI
We’re sorry, we don't have information for this market at the moment
