Is Watertown, MA 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.
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
$815,000
$504/sqft
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
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $433.7K | $386.2K | -11.0% |
| 2 Bedrooms | $575K | $560K | -2.6% |
| 3 Bedrooms | $845K | $837K | -0.9% |
| 4 Bedrooms | $940.5K | $1.1M | +18.3% |
| 5+ Bedrooms | $1.0M | $1.2M | +15.4% |
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
| Waltham | $712.5K | $788K | +10.6% |
| Belmont | $1.2M | $1.3M | +5.7% |
| Watertown Town | $796K | $815K | +2.4% |
| Watertown | $797.5K | $815K | +2.2% |
| Cambridge | $1.1M | $1.0M | -2.6% |
Housing Supply in Watertown, MA
How many homes are available in Watertown, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 86 | +13.2% |
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
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 20 | +25.0% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 10 | 19 | +90.0% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
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 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
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 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 16 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
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.
