Is Watertown, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Watertown has remained a Seller's Market.
Housing Prices in Watertown, CT
How much do homes in Watertown, CT cost?
Median Sold Price
$335,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Watertown was $335,000 in May 2024, up 13.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133.7K | $156.4K | +17.0% |
2 Bedrooms | $249K | $270K | +8.4% |
3 Bedrooms | $292.5K | $336.1K | +14.9% |
4 Bedrooms | $385K | $446K | +15.8% |
5+ Bedrooms | $325K | $440K | +35.4% |
Summary: Watertown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 35.4%.
Housing Supply in Watertown, CT
How many homes are available in Watertown, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 71 | +14.5% |
Summary: The Watertown real estate market had 71 homes for sale in May 2024, a 14.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 36 | 39 | +8.3% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Watertown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 21 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Watertown in May 2024, up by 75.0% month-over-month. Of the 21 sold homes, 19% were sold under asking, 14% were sold at asking, and 67% were sold over asking.
Days on Market for Watertown, CT
We’re sorry, we don't have information for this market at the moment