Is Watertown, NY 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, NY
How much do homes in Watertown, NY cost?
Median Sold Price
$182,333
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Watertown have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Watertown was $182,333 in May 2024, down 1.1% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $132.4K | +26.1% |
| 2 Bedrooms | $117K | $145K | +23.9% |
| 3 Bedrooms | $184K | $175K | -4.9% |
| 4 Bedrooms | $197K | $195K | -1.0% |
| 5+ Bedrooms | $246.4K | $184K | -25.3% |
Summary: Watertown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.1%, 2 bedroom homes increased by 23.9%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 25.3%.
Median Sold Price Compared To Nearby Cities
| Le Ray | $257.3K | $257.5K | 0.0% |
| Watertown | $184.3K | $182.3K | -1.1% |
| Pamelia | $270K | $260K | -3.7% |
Housing Supply in Watertown, NY
How many homes are available in Watertown, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 166 | 194 | +16.9% |
Summary: The Watertown real estate market had 194 homes for sale in May 2024, a 16.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 56 | 70 | +25.0% |
| 4 Bedrooms | 66 | 76 | +15.2% |
| 5+ Bedrooms | 33 | 34 | +3.0% |
Summary: The Watertown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 40 | +100.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watertown, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Watertown in May 2024, up by 100.0% month-over-month. Of the 40 sold homes, 50% were sold under asking, 23% were sold at asking, and 28% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 44 Days | +67.1% |
Summary: Homes in Watertown had an average of 44 days on market in May 2024, up by 67.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 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, 40 homes were sold in Watertown; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
