New Listing
18
$45,000
121 18th Ave SW
Watertown, SD 57201
3 bd1 ba1,216 sqft$37/ft²
House
Jay Schmidt · JP REAL ESTATE
View photos & details
Brokers — List your Company Here
Featured local agent — Watertown, SD
Example placement
Sarah Mitchell
CNESRESABR
Compass Real Estate · Watertown, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Watertown, SD(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Watertown, SD Housing Market & Real Estate
Balanced market+3.4% YoY
Housing market overview · Updated monthly ·
$301,500median sale price
How is the Watertown, SD housing market right now?
The median home sale price in Watertown, SD is $301,500, up 3.4% year-over-year. Homes sell in an average of 44 days with 120 active listings. The market is currently a balanced 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?
Balanced market3.9 months of supply44 avg. days on market
Watertown, SD is currently a balanced market, based on 3.9 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
31
Last 12 weeks
Days on market
44
Average pace
Active listings
120
3.9 months supply
Sale-to-list
98.4%
Below asking
What does the Watertown housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $301,500 |
| Median list price | $340,000 |
| Year-over-year price change | +3.4% |
| Average days on market | 44 days |
| Active inventory | 120 listings |
| Months of supply | 3.9 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $141/sq ft |
| Homes sold (latest month) | 31 |
| New listings (latest month) | 41 |
| Listings with a price cut | 17.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Watertown by property type?
How the Watertown, SD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $329,600 | $140/sq ft | 27 | 44 days |
| Condo / Co-op | $273,500 | $201/sq ft | 1 | 9 days |
| Townhouse | $389,000 | $249/sq ft | 1 | 232 days |
Source: Redfin · Updated monthly
The Watertown housing market is currently classified as a balanced market with a median sale price of $301,500. Prices have risen 3.4% compared to last year, with homes spending an average of 44 days on market, indicating 3.9 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 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Watertown
There are currently 120 homes listed for sale in Watertown, South Dakota. The median listing price is $340K. Featured listings range from $45,000 to $799,000.
14
$129,900
601 S Maple
Watertown, SD 57201
3 bd1 ba1,994 sqft$65/ft²
House8,276 sqft lot
Anna Ammann · DIAMOND REALTY
View photos & details
New Listing
14
$149,999
313 9th St SE
Watertown, SD 57201
3 bd1 ba1,672 sqft$90/ft²
House7,405 sqft lot
Noel Solum · EXIT REALTY CONNECTION
View photos & details
New Listing
26
$199,000
110 112 3rd Ave NE
Watertown, SD 57201
4 bd2 ba3,114 sqft$64/ft²
Multi-family3,920 sqft lot
Dorette Clark · PLATINUM REALTY, INC.
View photos & details
New Listing
$225,000
1000 19th St SE
Watertown, SD 57201
Land
Joy Nelson · HAUGAN NELSON REALTY, INC
View photos & details
New Listing
25
$250,000
107 5th Ave NW
Watertown, SD 57201
6 bd3 ba2,892 sqft$86/ft²
House4,792 sqft lot
Joy Nelson · HAUGAN NELSON REALTY, INC
View photos & details
New Build
25
$295,000
19 27th St SW
Watertown, SD 57201
3 bd2 ba1,100 sqft$268/ft²
House6,970 sqft lot
Carley Stewart · MAINSTREAM REALTY
View photos & details
New Build
27
$295,000
15 27th St SW
Watertown, SD 57201
3 bd2 ba1,160 sqft$254/ft²
House6,970 sqft lot
Carley Stewart · MAINSTREAM REALTY
View photos & details
New Listing
30
$334,900
1112 22nd St NE
Watertown, SD 57201
4 bd2 ba2,352 sqft$142/ft²
House9,583 sqft lot
Andy Mahowald · INSIGHT REALTY GROUP
View photos & details
New Listing
33
$379,900
44712 173rd St
Watertown, SD 57201
4 bd2 ba2,464 sqft$154/ft²
House37,026 sqft lot
Joe Snyder · DIAMOND REALTY
View photos & details
New Listing
35
$619,000
1348 16th St NE
Watertown, SD 57201
5 bd3 ba4,152 sqft$149/ft²
House17,860 sqft lot
Lisa Kieso · HOFTIEZER REAL ESTATE
View photos & details
New Listing
35
$799,000
828 Hidden Valley Dr
Watertown, SD 57201
3 bd2 ba2,421 sqft$330/ft²
House29,185 sqft lot
Joy Nelson · HAUGAN NELSON REALTY, INC
View photos & details
Looking to buy in Watertown?
Get connected with a local real estate expert — free, no obligation.
Active listings
120
Homes on market
Median list price
$340K
Avg. days on market
44
Days until sale
New this week
41
Newly listed
Price drops:17.5%of listings
Sale-to-list:98.4%
Who lives in Watertown?
Population
22,859
Median income
$62,721/yr
Median age
39.4 years
Owner-occupied
62.7%
College grads
21.2%
Avg commute
13.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Watertown?
Zillow home value
$318,757
Zillow rent index
$1,212/mo
Price-to-rent ratio
21.9x
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Watertown?
Watertown is a community of approximately 23K residents with a median age of 39.4 years.The median household income is $62,721, which represents a working-class community with solid middle-income opportunities. 21.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.7%, showing a blend of owner and renter-occupied properties. The average commute time is 13.7 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?
8 schools tracked · 3,673 students
The largest public schools serving Watertown, SD 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 - 01
Grades 9-12 · 1,222 students
Watertown Middle School - 02
Grades 7-8 · 587 students
Watertown Intermediate School - 13
Grades 5-6 · 556 students
Lincoln Elementary - 05
Grades PK-4 · 338 students
Jefferson Elementary - 09
Grades PK-4 · 332 students
McKinley Elementary - 06
Grades PK-4 · 255 students
Mellette Elementary - 07
Grades PK-4 · 235 students
Roosevelt Elementary - 08
Grades PK-4 · 148 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, SD?
Want a head-to-head view? Compare Watertown side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Watertown?
Is Watertown a good real estate investment market?
For investors evaluating Watertown, the price-to-rent ratio of 21.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 3.4% year-over-year, reflecting ongoing demand and value growth.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 $301,500, up 3.4% from last year.
How long do homes stay on market in Watertown?
Homes typically spend 44 days on market before going under contract.
What is the median income in Watertown?
The median household income is $62,721 per year.
Is Watertown a buyer's or seller's market?
With 3.9 months of supply, Watertown is currently a balanced market.
How many homes are for sale in Watertown?
There are currently 120 homes listed for sale in Watertown, SD.
What is the Zillow home value estimate for Watertown?
The Zillow Home Value Index (ZHVI) for Watertown is $318,757, 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, SD is $273,500, compared to $329,600 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, SD is $329,600 (about $140 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Watertown, SD
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Watertown market alerts
Weekly updates on prices, inventory, and trends. Free forever.