Is Watertown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Watertown was a Seller's Market.
Housing Prices in Watertown, NY
How much do homes in Watertown, NY cost?
Median Sold Price
$180,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Watertown was $180,000 in April 2024, down 3.5% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152.5K | $65K | -57.4% |
2 Bedrooms | $117K | $145K | +23.9% |
3 Bedrooms | $184K | $173.9K | -5.5% |
4 Bedrooms | $199K | $195K | -2.0% |
5+ Bedrooms | $274K | $184K | -32.9% |
Summary: Watertown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.4%, 2 bedroom homes increased by 23.9%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 32.9%.
Median Sold Price Compared To Nearby Cities
Watertown | $186.6K | $180K | -3.5% |
Le Ray | $264.9K | $251K | -5.2% |
Housing Supply in Watertown, NY
How many homes are available in Watertown, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
150 | 168 | +12.0% |
Summary: The Watertown real estate market had 168 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 59 | 55 | -6.8% |
4 Bedrooms | 50 | 67 | +34.0% |
5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The Watertown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 18 | -30.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Watertown in April 2024, down by 30.8% month-over-month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for Watertown, NY
How long does it take to sell a home in Watertown, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 41 Days | +5.3% |
Summary: Homes in Watertown had an average of 41 days on market in Apr 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Watertown; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.