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WATERTOWN, MN 55388

Real Estate Market Report  ·  Carver County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WATERTOWN, MN real estate market (55388) currently shows 31 active listings, with 12 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 41 days on market compared to 19 days last year.

The median listing price has risen 5.7% year-over-year, from $410,000 to $433,400.

Whether you are buying or selling in WATERTOWN, MN, 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: 5,997  ·  Density: 61.5/mi²  ·  Median household income: $96,198

Typical home value: $305,003  ·  Homeownership: 83.9%

Market Overview

Active Listings
31
⇧ 14.8% vs 27 last year
Pending
12
39% pending ratio
Median Price
$433,400
⇧ 5.7% vs $410,000 last year
Average Price
$470,946
⇧ 6.8% vs $440,965 last year
Days on Market
41
⇧ 115.8% vs 19 days last year

Price Per Square Foot

Median $/sqft
$228
⇩ 14.3% vs $266/sqft last year
Median Home Size
1,868 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 31 this year vs 27 last year
  • Days on market: 41 now vs 19 last year

Median & Average Pricing

Year over Year
  • Median: $433,400 (+5.7% YoY)
  • Average: $470,946 (+6.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.0 miles — 424 listings ($530,398,414 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55388Watertown, MN 553880.0 mi30$13,791,030$421,900$459,701
55328Delano, MN 553286.0 mi73$49,944,337$482,248$684,169
55363Montrose, MN 553637.2 mi28$10,499,720$394,924$374,990
55367New Germany, MN 553677.4 mi3$2,124,924$784,975$708,308
55364Mound, MN 553648.5 mi68$72,876,484$489,975$1,071,713
55390Waverly, MN 5539010.4 mi24$11,802,792$379,675$491,783
55384Spring Park, MN 5538410.6 mi13$10,432,734$550,000$802,518
55373Rockford, MN 5537311.3 mi19$9,410,130$435,480$495,270
55331Excelsior, MN 5533112.2 mi124$286,156,412$1,740,239$2,307,713
55356Long Lake, MN 5535613.1 mi26$47,349,822$1,024,175$1,821,147
55357Loretto, MN 5535713.8 mi9$9,603,009$887,250$1,067,001
55368Norwood Young America, MN 5536814.3 mi5$5,957,020$1,012,450$1,191,404
55370Plato, MN 5537015.0 mi2$450,000$225,000$225,000

Frequently Asked Questions

How many homes are for sale in WATERTOWN, MN 55388?

As of March 2026, there are 31 active listings in WATERTOWN, MN (zip code 55388), compared to 27 the prior year.

What is the median home price in WATERTOWN, MN 55388?

The median listing price in WATERTOWN, MN 55388 is $433,400 as of March 2026, a 5.7% increase from $410,000 the prior year.

How long do homes stay on the market in WATERTOWN, MN?

Homes in WATERTOWN, MN 55388 spend an average of 41 days on the market before going under contract, compared to 19 days the prior year.

Is it a seller's or buyer's market in WATERTOWN, MN 55388?

Based on current inventory and days-on-market data as of March 2026, WATERTOWN, MN 55388 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 41 days on market compared to 19 days last year.

How much can I save on real estate commission in WATERTOWN, MN?

With SELL123.com's maximum 3% commission, sellers in WATERTOWN, MN 55388 save an estimated $8,668 compared to a typical 5% commission on the median listing price of $433,400. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.