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Featured local agent — Watertown, CT
Sarah Mitchell
Compass Real Estate · Watertown, CT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Watertown, CT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$433,000median sale price
How is the Watertown, CT housing market right now?
The median home sale price in Watertown, CT is $433,000, down 18.3% year-over-year. Homes sell in an average of 49 days with 23 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Watertown a buyer's or seller's market?
Watertown, CT is currently a strong seller's market, based on 2.9 months of supply and homes selling in about 49 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
49
Average pace
Active listings
23
2.9 months supply
Sale-to-list
103.2%
Above asking
What does the Watertown housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $433,000 |
| Median list price | $424,950 |
| Year-over-year price change | -18.3% |
| Average days on market | 49 days |
| Active inventory | 23 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 103.2% |
| Median price per sq ft | $245/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 14 |
| Listings with a price cut | 21.7% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Watertown by property type?
How the Watertown, CT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $492,500 | $234/sq ft | 6 | 49 days |
| Condo / Co-op | $347,000 | $250/sq ft | 2 | 40 days |
Source: Redfin · Updated monthly
The Watertown housing market is currently classified as a strong seller's market with a median sale price of $433,000. Prices have fallen 18.3% compared to last year, with homes spending an average of 49 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Watertown
There are currently 23 homes listed for sale in Watertown, Connecticut. The median listing price is $425K.
Active listings
23
Homes on market
Median list price
$425K
Avg. days on market
49
Days until sale
New this week
14
Newly listed
Who lives in Watertown?
Population
4,215
Median income
$98,003/yr
Median age
42.5 years
Owner-occupied
75.0%
College grads
40.4%
Avg commute
21.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Watertown?
Zillow home value
$396,281
Zillow rent index
$1,898/mo
Price-to-rent ratio
17.4x
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Watertown?
Watertown is a community of approximately 4K residents with a median age of 42.5 years.The median household income is $98,003, which reflects a relatively affluent area with strong earning potential. 40.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 75.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Watertown offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Watertown?
2 schools tracked · 1,004 students
The largest public schools serving Watertown, CT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Watertown High School
Grades 9-12 · 715 students
Fletcher W. Judson School
Grades 3-5 · 289 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Watertown, CT?
Want a head-to-head view? Compare Watertown side-by-side with any other U.S. city using our market-comparison tool.
Is Watertown a good real estate investment market?
For investors evaluating Watertown, the price-to-rent ratio of 17.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 18.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Watertown's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Watertown's median home price.
Frequently asked questions
What is the average home price in Watertown?
The median home sale price in Watertown is $433,000, down 18.3% from last year.
How long do homes stay on market in Watertown?
Homes typically spend 49 days on market before going under contract.
What is the median income in Watertown?
The median household income is $98,003 per year.
Is Watertown a buyer's or seller's market?
With 2.9 months of supply, Watertown is currently a strong seller's market.
What is the Zillow home value estimate for Watertown?
The Zillow Home Value Index (ZHVI) for Watertown is $396,281, representing the typical home value in the area.
What is the median condo price in Watertown?
The median condo/co-op sale price in Watertown, CT is $347,000, compared to $492,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Watertown?
The median single-family home price in Watertown, CT is $492,500 (about $234 per square foot).
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