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Featured local agent — Watertown, WI
Sarah Mitchell
Compass Real Estate · Watertown, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Watertown, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$315,200median sale price
How is the Watertown, WI housing market right now?
The median home sale price in Watertown, WI is $315,200, down 7.0% year-over-year. Homes sell in an average of 19 days with 59 active listings. The market is currently a 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, WI is currently a seller's market, based on 3.1 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
19
Fast-moving
Active listings
59
3.1 months supply
Sale-to-list
102.7%
Above asking
What does the Watertown housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $315,200 |
| Median list price | $339,000 |
| Year-over-year price change | -7.0% |
| Average days on market | 19 days |
| Active inventory | 59 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 102.7% |
| Median price per sq ft | $207/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 43 |
| Listings with a price cut | 17.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Watertown by property type?
How the Watertown, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $315,200 | $210/sq ft | 15 | 32 days |
| Condo / Co-op | $340,000 | $210/sq ft | 1 | 19 days |
| Townhouse | $350,000 | $134/sq ft | 1 | 63 days |
Source: Redfin · Updated monthly
The Watertown housing market is currently classified as a seller's market with a median sale price of $315,200. Prices have fallen 7.0% compared to last year, with homes spending an average of 19 days on market, indicating 3.1 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 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Watertown
There are currently 59 homes listed for sale in Watertown, Wisconsin. The median listing price is $339K.
Active listings
59
Homes on market
Median list price
$339K
Avg. days on market
19
Days until sale
New this week
43
Newly listed
Who lives in Watertown?
Population
22,873
Median income
$68,333/yr
Median age
40.4 years
Owner-occupied
59.8%
College grads
19.0%
Avg commute
23.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Watertown?
Zillow home value
$331,081
Zillow rent index
$1,166/mo
Price-to-rent ratio
23.7x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Watertown?
Watertown is a community of approximately 23K residents with a median age of 40.4 years.The median household income is $68,333, which represents a working-class community with solid middle-income opportunities. 19.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 59.8%, showing a blend of owner and renter-occupied properties. The average commute time is 23.7 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?
10 schools tracked · 3,231 students
The largest public schools serving Watertown, WI 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
Grades 9-12 · 1,087 students
Riverside Middle
Grades 6-8 · 649 students
Webster Elementary
Grades PK-5 · 373 students
Douglas Elementary
Grades PK-5 · 324 students
Schurz Elementary
Grades PK-5 · 236 students
Watertown 4 Kids
Grades PK · 172 students
Lincoln Elementary
Grades K-5 · 146 students
eCampus Academy Charter School
Grades PK-12 · 142 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, WI?
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 23.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.0% 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 $315,200, down 7.0% from last year.
How long do homes stay on market in Watertown?
Homes typically spend 19 days on market before going under contract.
What is the median income in Watertown?
The median household income is $68,333 per year.
Is Watertown a buyer's or seller's market?
With 3.1 months of supply, Watertown is currently a seller's market.
What is the Zillow home value estimate for Watertown?
The Zillow Home Value Index (ZHVI) for Watertown is $331,081, 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, WI is $340,000, compared to $315,200 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, WI is $315,200 (about $210 per square foot).
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