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City / Town Overview

Watertown, SD

Aggregate real estate market report across all ZIPs in scope
Seller's Market
January 2026  ·  Source: Realtor.com

Market Analysis

Data as of January 2026. Source: Realtor.com.

The Watertown, SD real estate market currently shows 92 active listings, with 16 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are selling faster, averaging 85 days on market compared to 107 days last year.

The median listing price has fallen 8.7% year-over-year, from $361,250 to $329,900.

Whether you are buying or selling in Watertown, SD, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Temperature & Context

Hotness Score
52.9 / 100
Ranked #691 nationally   ▲ 744 vs. last year
Supply vs. Demand
Demand 68% Supply 32%
High buyer demand — homes moving quickly
57% more page views per listing vs. national avg
Market Context

Population: 26,119  ·  Density: 31.6/mi²  ·  Median household income: $65,761

Typical home value: $214,756  ·  Homeownership: 65.6%

Market temperature data: Realtor.com Research

Included Areas

Watertown: 57201

Area Map

Market Overview

Active Listings
92
⇧ 29.6% vs 71 last year
Pending
16
17% pending ratio
Median Price
$329,900
⇩ 8.7% vs $361,250 last year
Average Price
$354,349
⇩ 16.1% vs $422,195 last year
Days on Market
85
⇩ 20.6% vs 107 days last year

Price Per Square Foot

Median $/sqft
$157
⇩ 23.8% vs $206/sqft last year
Median Home Size
1,730 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %