Is Watertown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Watertown was a Seller's Market.
Key Takeaway
Watertown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Watertown, NY
How much do homes in Watertown, NY cost?
Median Sold Price
$177,826
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Watertown have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Watertown was $177,826 in March 2024, down 5.5% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $132.4K | +26.1% |
| 2 Bedrooms | $121K | $144.5K | +19.4% |
| 3 Bedrooms | $184K | $171.7K | -6.7% |
| 4 Bedrooms | $199.5K | $190K | -4.8% |
| 5+ Bedrooms | $280K | $185K | -33.9% |
Summary: Watertown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.1%, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 33.9%.
Median Sold Price Compared To Nearby Cities
| Watertown | $188.2K | $177.8K | -5.5% |
| Le Ray | $267.5K | $244.5K | -8.6% |
Housing Supply in Watertown, NY
How many homes are available in Watertown, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 146 | 158 | +8.2% |
Summary: The Watertown real estate market had 158 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 58 | 62 | +6.9% |
| 4 Bedrooms | 48 | 53 | +10.4% |
| 5+ Bedrooms | 33 | 34 | +3.0% |
Summary: The Watertown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 24 | -20.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Watertown in March 2024, down by 20.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% were sold over asking.
Days on Market for Watertown, NY
How long does it take to sell a home in Watertown, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 46 Days | -6.0% |
Summary: Homes in Watertown had an average of 46 days on market in Mar 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Watertown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in Watertown; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
