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City / Town Overview

Watertown, SD

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

Market Analysis

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

The Watertown, SD real estate market currently shows 140 active listings, with 45 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 58 days on market compared to 46 days last year.

The median listing price has risen 2.3% year-over-year, from $381,150 to $389,900.

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 Context

Market Context

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

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

Included Areas

Watertown: 57201

Area Map

Market Overview

Active Listings
140
⇧ 12% vs 125 last year
Pending
45
32% pending ratio
Median Price
$389,900
⇧ 2.3% vs $381,150 last year
Average Price
$438,527
⇩ 0.1% vs $438,772 last year
Days on Market
58
⇧ 26.1% vs 46 days last year

Price Per Square Foot

Median $/sqft
$157
⇩ 6% vs $167/sqft last year
Median Home Size
2,284 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 %