New Listing
12
$539,000
38 Grant Ave Unit 38
Watertown Town, MA 02472
2 bd1 ba1,311 sqft$411/ft²
Condo
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Watertown Town, MA Housing Market
Seller's market-20.7% YoY
Redfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $812,500, -20.7% year over year (through May 2026). With 2.1 months of supply and homes going under contract in about 19 days, Watertown Town is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $812,500 home is about $4,338/mo in principal and interest.
Key numbers for Watertown Town, MA
Median sale price
$812,500
-20.7% year over year
Redfin, through May 2026
Days on market
19
Fast-moving
Redfin, through May 2026
Active listings
66
2.1 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$123,422
Home costs 6.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.7%
Selling above asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Watertown Town a buyer's or seller's market?
Seller's market2.1 months of supply19 days on market100.7% of asking
Watertown Town, MA is a seller's market, based on 2.1 months of supply and homes selling in about 19 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Watertown Town housing market data show?
Every row below is Redfin's final published month for Watertown Town, MA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $812,500 |
| Median list price | $945,000 |
| Year-over-year price change | -20.7% |
| Median price per sq ft | $507/sq ft |
| Median days on market | 19 days |
| Active inventory | 66 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 100.7% |
| Homes sold (that month) | 32 |
| New listings (that month) | 43 |
| Listings with a price cut | 30.3% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Watertown Town is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Watertown Town is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Watertown Town home prices moved?
Over the last three years the median sale price in Watertown Town, MA rose 4.2%, from $780,000 to $812,500. 30.3% of Watertown Town listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.1 months while the sale-to-list ratio slips below its current 100.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Watertown Town?
Priced off the median sale price of $812,500 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $162,500 | $650,000 | $4,338/mo |
| 5% | $40,625 | $771,875 | $5,151/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $4,338, that implies roughly $185,896 a year before you add taxes and insurance. The median household in Watertown Town earns $123,422, about $62,474 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 6.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Watertown Town in the next 12 months?
Tell us your timeline. We send the Watertown Town market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Watertown Town?
Zillow does not publish a rent index (ZORI) for Watertown Town, MA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Watertown Town?
Active listings in Watertown Town, MA went from 87 in May 2025 to 66 in May 2026, a -24.1% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 88 | 51 |
| July 2025 | 72 | 31 |
| August 2025 | 53 | 21 |
| September 2025 | 84 | 58 |
| October 2025 | 80 | 47 |
| November 2025 | 59 | 16 |
| December 2025 | 33 | 9 |
| January 2026 | 43 | 27 |
| February 2026 | 46 | 32 |
| March 2026 | 60 | 53 |
| April 2026 | 66 | 56 |
| May 2026 | 66 | 43 |
Redfin, through May 2026
How does Watertown Town compare to Massachusetts and the U.S.?
Watertown Town homes sell for $812,500 — 18% above the Massachusetts median of $688,100. Against the national median of $410,700, Watertown Town runs 98% higher. Year-over-year, Watertown Town moved -20.7% against Massachusetts's +0.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Watertown Town, MA | $812,500 | -20.7% | 19 days |
| Massachusetts statewide | $688,100 | +0.8% | 21 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Watertown Town
What buyers should watch
- Months of supply, currently 2.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 30.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $813 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $812,500 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Watertown Town listing goes under contract in 19 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.7% of asking. Price at the number you want and let competition do the rest.
- In the last published month Watertown Town added 43 new listings against 32 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Watertown Town varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Watertown Town
There are currently 66 homes listed for sale in Watertown Town, Massachusetts. The median listing price is $945K. Featured listings range from $539,000 to $1,995,000.
New Listing
26
$659,000
151 Coolidge Ave Apt 404
Watertown Town, MA 02472
2 bd2 ba1,270 sqft$519/ft²
Condo
View photos & details
New Listing
28
$739,900
396 School St Unit 396
Watertown Town, MA 02472
3 bd1 ba1,694 sqft$437/ft²
Condo5,645 sqft lot
View photos & details
New Listing
42
$850,000
53-55 Bates Rd Unit 55B
Watertown Town, MA 02472
3 bd2 ba1,350 sqft$630/ft²
Condo4,592 sqft lot
View photos & details
New Listing
39
$899,000
86 Cypress St Unit 86-1
Watertown Town, MA 02472
4 bd4 ba2,185 sqft$411/ft²
Condo
View photos & details
New Listing
29
$899,900
20 Hall Ave
Watertown Town, MA 02472
4 bd2 ba1,610 sqft$559/ft²
House4,500 sqft lot
View photos & details
New Listing
16
$950,000
50 Carroll St Unit 50
Watertown Town, MA 02472
3 bd2 ba1,808 sqft$525/ft²
Condo7,405 sqft lot
View photos & details
New Listing
42
$1,125,000
63 Boyd St Unit 63
Watertown Town, MA 02472
3 bd3 ba2,066 sqft$545/ft²
Condo
View photos & details
New Listing
28
$1,250,000
33-35 Rose Ave
Watertown Town, MA 02472
6 bd2 ba2,255 sqft$554/ft²
Multi-family5,000 sqft lot
View photos & details
New Listing
36
$1,275,000
10 Stoneleigh Cir
Watertown Town, MA 02472
4 bd3 ba3,089 sqft$413/ft²
House14,709 sqft lot
View photos & details
New Listing
25
$1,275,000
24 Otis St Unit 24
Watertown Town, MA 02472
4 bd2 ba2,096 sqft$608/ft²
Condo
View photos & details
New Listing
34
$1,995,000
23 Columbia St
Watertown Town, MA 02472
4 bd3 ba3,135 sqft$636/ft²
House10,501 sqft lot
View photos & details
Looking to buy in Watertown Town?
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Active listings
66
Homes on market
Median list price
$945K
Avg. days on market
19
Days until sale
New this week
43
Newly listed
Price drops:30.3%of listings
Sale-to-list:100.7%
How much do homes cost in Watertown Town by property type?
How the Watertown Town, MA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.00M | $550/sq ft | 6 | 15 days |
| Condo / co-op | $660,000 | $523/sq ft | 15 | 19 days |
| Townhouse | $745,000 | $408/sq ft | 7 | 19 days |
Who lives in Watertown Town?
American Community Survey estimates for Watertown Town. U.S. Census ACS, 2023
Population
35,270
Households
16,210
Median income
$123,422/yr
Median age
38.8 years
Owner-occupied
48.8%
Median home value
$737,600
Median gross rent
$2,357/mo
Mean commute
26.2 min
48.8% of occupied homes in Watertown Town are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Watertown Town, MA?
Ordered by distance from Watertown Town, not by size. Compare Watertown Town side by side with any of them.
Which ZIP codes are in Watertown Town?
These are the ZIP codes we see on active Watertown Town listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Watertown Town housing market FAQ
Is Watertown Town a buyer's or seller's market?
Watertown Town, MA is currently a seller's market. That read comes from 2.1 months of supply, homes going under contract in about 19 days, and sellers getting 100.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Watertown Town?
The median sale price in the last month Redfin published was $812,500, about $507 per square foot.
Is Watertown Town cheaper than the rest of Massachusetts?
Watertown Town's median sale price of $812,500 is 18% higher than the Massachusetts statewide median of $688,100, and 98% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Watertown Town?
Homes in Watertown Town, MA spent a median of 19 days on market before going under contract, versus 21 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Watertown Town?
At the current 30-year fixed rate of 7.03%, 20% down on a $812,500 home is about $4,338 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $185,896 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $123,422.
Are home prices rising in Watertown Town?
Redfin's last published year-over-year change for Watertown Town, MA was -20.7%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Watertown Town?
Watertown Town ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Watertown Town?
That depends on your timeline, not on a headline. What the data says today: Watertown Town, MA is a seller's market with 2.1 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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