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

Housing Market Conditions



Gauge showing Watertown is a seller's market


Difference Since May 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



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Watertown have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Watertown was $815,000 in May 2024, up 2.2% from last year, and the median price per square foot was $504.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $433.7K$386.2K
2 $575K$560K
3 $845K$837K
4 $940.5K$1.1M
5+ $1.0M$1.2M

Summary: Watertown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 15.4%.

Median Sold Price Compared To Nearby Cities

Watertown Town

Housing Supply in Watertown, MA

How many homes are available in Watertown, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Watertown real estate market had 86 homes for sale in May 2024, a 13.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
2 1620
3 3128
4 1019
5+ 1717

Summary: The Watertown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 90%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 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. 55% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Watertown in May 2024, down by 4.8% month-over-month. Of the 20 sold homes, 35% were sold under asking, 10% were sold at asking, and 55% 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

May 2023May 2024CHANGE
29 Days16 Days-44.2%

Summary: Homes in Watertown had an average of 16 days on market in May 2024, down by 44.2% compared to last year.

Breakdown of Home Sale Times

18 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 May 2024, 20 homes were sold in Watertown; 90% of homes were sold within 30 days, 10% 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 16 Days Ago

Newest Listings in Watertown, MA

Nearby Markets to Watertown, MA

What housing markets are near Watertown, MA?