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Featured local agent — Watertown, MN
Sarah Mitchell
Compass Real Estate · Watertown, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Watertown, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$405,000median sale price
How is the Watertown, MN housing market right now?
The median home sale price in Watertown, MN is $405,000, up 19.1% year-over-year. Homes sell in an average of 17 days with 11 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, MN is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
17
Fast-moving
Active listings
11
1.4 months supply
Sale-to-list
101.4%
Above asking
What does the Watertown housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $405,000 |
| Median list price | $349,900 |
| Year-over-year price change | +19.1% |
| Average days on market | 17 days |
| Active inventory | 11 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 101.4% |
| Median price per sq ft | $188/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 7 |
| Listings with a price cut | 18.2% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Watertown by property type?
How the Watertown, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $405,000 | $188/sq ft | 8 | 17 days |
| Townhouse | $425,000 | $150/sq ft | 1 | 4 days |
Source: Redfin · Updated monthly
The Watertown housing market is currently classified as a strong seller's market with a median sale price of $405,000. Prices have risen 19.1% compared to last year, with homes spending an average of 17 days on market, indicating 1.4 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Watertown
There are currently 11 homes listed for sale in Watertown, Minnesota. The median listing price is $350K.
Active listings
11
Homes on market
Median list price
$350K
Avg. days on market
17
Days until sale
New this week
7
Newly listed
Who lives in Watertown?
Population
4,747
Median income
$93,008/yr
Median age
34.5 years
Owner-occupied
79.3%
College grads
22.2%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Watertown?
Zillow home value
$381,380
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Watertown?
Watertown is a community of approximately 5K residents with a median age of 34.5 years.The median household income is $93,008, which reflects a relatively affluent area with strong earning potential. 22.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.9 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?
5 schools tracked · 1,465 students
The largest public schools serving Watertown, MN 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-MAYER ELEMENTARY SCHOOL
Grades K-4 · 513 students
WATERTOWN MAYER HIGH
Grades 9-12 · 499 students
WATERTOWN-MAYER MIDDLE
Grades 5-8 · 425 students
Watertown-Mayer Cmty Learning Cntr
Grades PK · 28 students
WM - Connections
Grades 9-12
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, MN?
Want a head-to-head view? Compare Watertown side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Watertown?
The median home sale price in Watertown is $405,000, up 19.1% from last year.
How long do homes stay on market in Watertown?
Homes typically spend 17 days on market before going under contract.
What is the median income in Watertown?
The median household income is $93,008 per year.
Is Watertown a buyer's or seller's market?
With 1.4 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 $381,380, representing the typical home value in the area.
How much does a single-family home cost in Watertown?
The median single-family home price in Watertown, MN is $405,000 (about $188 per square foot).
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