Is Watertown, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Watertown has remained a Seller's Market.
Housing Prices in Watertown, MA
How much do homes in Watertown, MA cost?
Median Sold Price
$813,333
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Watertown was $813,333 in April 2024, up 1.6% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $387.5K | -7.7% |
2 Bedrooms | $615K | $550K | -10.6% |
3 Bedrooms | $847K | $852K | +0.6% |
4 Bedrooms | $941K | $1.1M | +18.2% |
5+ Bedrooms | $1.0M | $1.1M | +16.3% |
Summary: Watertown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
Waltham | $706.6K | $780K | +10.4% |
Belmont | $1.2M | $1.2M | +3.3% |
Watertown | $800.8K | $813.3K | +1.6% |
Watertown Town | $800K | $812.5K | +1.6% |
Cambridge | $1.1M | $1.0M | -8.7% |
Housing Supply in Watertown, MA
How many homes are available in Watertown, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 76 | +20.6% |
Summary: The Watertown real estate market had 76 homes for sale in April 2024, a 20.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 9 | 18 | +100.0% |
Summary: The Watertown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 24%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Watertown in April 2024, the same as the previous month. Of the 21 sold homes, 19% were sold under asking, 0% were sold at asking, and 81% were sold over asking.
Days on Market for Watertown, MA
How long does it take to sell a home in Watertown, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 21 Days | +11.3% |
Summary: Homes in Watertown had an average of 21 days on market in Apr 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Watertown; 90% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.