Is Watertown Town, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Watertown Town has remained a Seller's Market.
Key Takeaway
Watertown Town is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Watertown Town, MA
How much do homes in Watertown Town, MA cost?
Median Sold Price
$807,500
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Watertown Town have sold for 1% more than they did a year ago.
Summary: The median home sold price in Watertown Town was $807,500 in March 2024, up 1% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $411.2K | $412K | 0.2% |
| 2 Bedrooms | $602.4K | $542.5K | -10.0% |
| 3 Bedrooms | $845K | $852K | +0.8% |
| 4 Bedrooms | $945.5K | $1.1M | +17.4% |
| 5+ Bedrooms | $1.0M | $1.1M | +14.4% |
Summary: Watertown Town housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 14.4%.
Housing Supply in Watertown Town, MA
How many homes are available in Watertown Town, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 62 | +10.7% |
Summary: The Watertown Town real estate market had 62 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 17 | +70.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Watertown Town housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 70%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown Town, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Watertown Town in March 2024, up by 53.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Watertown Town, MA
How long does it take to sell a home in Watertown Town, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 33 Days | -13.6% |
Summary: Homes in Watertown Town had an average of 33 days on market in Mar 2024, down by 13.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Watertown Town are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Watertown Town; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
