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 September 2023

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.

Housing Prices in Watertown, MA

How much do homes in Watertown, MA cost?

Median Sold Price

$849,900

$526/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$35,525(+4.4%)

Key Takeaway

Homes in Watertown have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Watertown was $849,900 in September 2024, up 4.4% from last year, and the median price per square foot was $526.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $410K$495.6K
+20.9%
2 $515K$627.5K
+21.8%
3 $832.2K$870K
+4.5%
4 $1.1M$1.0M
-6.6%
5+ $1.0M$1.2M
+14.5%

Summary: Watertown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.9%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 14.5%.

Median Sold Price Compared To Nearby Cities

Belmont
+7.9%
Cambridge
+7.8%
Waltham
+6.7%
Watertown
+4.4%
Watertown Town
+4.4%

Housing Supply in Watertown, MA

How many homes are available in Watertown, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6481+26.6%

Summary: The Watertown real estate market had 81 homes for sale in September 2024, a 26.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 56
+20.0%
2 1118
+63.6%
3 1924
+26.3%
4 1620
+25.0%
5+ 1313
0.0%

Summary: The Watertown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2514-44.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 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. 57.1% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Watertown in September 2024, down by 44.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Watertown, MA

How long does it take to sell a home in Watertown, MA?

Average Sale Time

Sep 2023Sep 2024CHANGE
25 Days19 Days-22.4%

Summary: Homes in Watertown had an average of 19 days on market in Sep 2024, down by 22.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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.

Summary: During September 2024, 14 homes were sold in Watertown; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in Watertown, MA

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