Is Watertown, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Watertown has remained a Seller's Market.
Housing Prices in Watertown, MA
How much do homes in Watertown, MA cost?
Median Sold Price
$810,000
$511/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Watertown was $810,000 in June 2024, up 0.5% from last year, and the median price per square foot was $511.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $421.2K | $386.2K | -8.3% |
2 Bedrooms | $537.5K | $575K | +7.0% |
3 Bedrooms | $835K | $833.5K | -0.2% |
4 Bedrooms | $955K | $1.1M | +15.2% |
5+ Bedrooms | $1.0M | $1.2M | +15.7% |
Summary: Watertown housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
Waltham | $717.3K | $788K | +9.9% |
Belmont | $1.2M | $1.3M | +5.4% |
Watertown Town | $803.7K | $810K | +0.8% |
Watertown | $805.8K | $810K | 0.5% |
Cambridge | $1.1M | $1.1M | -0.5% |
Housing Supply in Watertown, MA
How many homes are available in Watertown, MA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
90 | 100 | +11.1% |
Summary: The Watertown real estate market had 100 homes for sale in June 2024, a 11.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The Watertown housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
23 | 28 | +21.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Watertown in June 2024, up by 21.7% month-over-month. Of the 28 sold homes, 18% were sold under asking, 4% were sold at asking, and 79% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 24 Days | +17.4% |
Summary: Homes in Watertown had an average of 24 days on market in Jun 2024, up by 17.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 28 homes were sold in Watertown; 82% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.