Is Watertown, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watertown is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Watertown has remained a Seller's Market.

Key Takeaway

Watertown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Watertown, MA cost?

Median Sold Price

$785,833

$489/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$79,500(+11.3%)

Key Takeaway

Homes in Watertown have sold for 11.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $395K$441.2K
+11.7%
2 $530K$594.5K
+12.2%
3 $741.1K$831.2K
+12.2%
4 $870K$920K
+5.7%
5+ $1.0M$1.0M
+0.7%

Median Sold Price Compared To Nearby Cities

Cambridge
+19.5%
Watertown
+11.3%
Watertown Town
+11.3%
Waltham
+6.7%
Belmont
+5.8%

How many homes are available in Watertown, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
8883-5.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 54
-20.0%
2 1913
-31.6%
3 2930
+3.4%
4 2324
+4.3%
5+ 1212
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1934+78.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watertown, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
33 Days32 Days-3.2%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Watertown are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Watertown, MA

Number of homes for sale in Watertown, MA real estate market have reached 83. In November 2022 in Watertown, MA there were 5.7% less homes for sale than in October 2022. Listings spent 32 days on the market in November 2022, and had a median list price of $785,833 during the same period. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties increased by 11.7%, prices of 2 bedrooms properties increased by 12.2%, prices of 3 bedrooms properties increased by 12.2%, 4 bedrooms properties became 5.7% more expensive, the cost of 5 bedrooms properties went up by 0.7%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 20%, 2 bedrooms homes became 31.6% less available, 3 bedrooms homes became 3.4% more available, 4 bedrooms homes inventory increased by 4.3%, 5 bedrooms homes did not move. In November 2022 more than 17 listings in Watertown, MA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 15 were sold below.

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