Is Watertown, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, WI
How much do homes in Watertown, WI cost?
Median Sold Price
$280,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Watertown have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Watertown was $280,000 in April 2024, up 7.4% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $126K | -25.9% |
| 2 Bedrooms | $185K | $240K | +29.7% |
| 3 Bedrooms | $250K | $280K | +12.0% |
| 4 Bedrooms | $310K | $304.9K | -1.6% |
| 5+ Bedrooms | $374.5K | $369K | -1.5% |
Summary: Watertown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 29.7%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Watertown | $260.6K | $280K | +7.4% |
| Watertown | $265K | $280K | +5.7% |
Housing Supply in Watertown, WI
How many homes are available in Watertown, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 64 | +23.1% |
Summary: The Watertown real estate market had 64 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 17 | 25 | +47.1% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Watertown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 47.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Watertown in April 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% were sold over asking.
Days on Market for Watertown, WI
We’re sorry, we don't have information for this market at the moment
