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City / Town Overview

Watertown, SD

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

Market Analysis

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

The Watertown, SD real estate market currently shows 130 active listings, with 34 pending sales. Homes are averaging 55 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 55 days on market compared to 66 days last year.

The median listing price has risen 5.5% year-over-year, from $339,175 to $357,900.

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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
130
⇩ 10.3% vs 145 last year
Pending
34
26% pending ratio
Median Price
$357,900
⇧ 5.5% vs $339,175 last year
Average Price
$408,206
⇧ 10.1% vs $370,597 last year
Days on Market
55
⇩ 16.7% vs 66 days last year

Price Per Square Foot

Median $/sqft
$158
⇩ 2.5% vs $162/sqft last year
Median Home Size
2,190 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 %