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WATERTOWN, SD 57201

Real Estate Market Report  ·  Codington County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The WATERTOWN, SD real estate market (57201) currently shows 118 active listings, with 38 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62 days on market compared to 57 days last year.

The median listing price has fallen 0.8% year-over-year, from $391,950 to $389,000.

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%

Market Overview

Active Listings
118
⇧ 28.3% vs 92 last year
Pending
38
32% pending ratio
Median Price
$389,000
⇩ 0.8% vs $391,950 last year
Average Price
$411,631
⇩ 14.7% vs $482,697 last year
Days on Market
62
⇧ 8.8% vs 57 days last year

Price Per Square Foot

Median $/sqft
$166
⇩ 13.5% vs $192/sqft last year
Median Home Size
1,900 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 118 this year vs 92 last year
  • Days on market: 62 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $389,000 (-0.8% YoY)
  • Average: $411,631 (-14.7% 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 40.0 miles — 138 listings ($45,596,139 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
57201Watertown, SD 572010.0 mi93$33,174,123$329,400$356,711
57263South Shore, SD 5726314.9 mi1$169,900$169,900$169,900
57243Henry, SD 5724316.1 mi1$184,900$184,900$184,900
57241Hayti, SD 5724117.4 mi3$958,350$319,450$319,450
57248Lake Norden, SD 5724824.9 mi7$2,528,036$319,875$361,148
57259Revillo, SD 5725926.1 mi1$183,900$183,900$183,900
57273Waubay, SD 5727329.0 mi4$1,709,916$465,950$427,479
57252Milbank, SD 5725230.1 mi8$2,387,264$295,725$298,408
57225Clark, SD 5722531.2 mi2$287,000$143,500$143,500
57274Webster, SD 5727434.3 mi11$2,279,750$210,175$207,250
57278Willow Lake, SD 5727835.1 mi1$239,000$239,000$239,000
57216Big Stone City, SD 5721637.5 mi4$1,156,000$289,000$289,000
56212Bellingham, MN 5621240.0 mi2$338,000$169,000$169,000

Frequently Asked Questions

How many homes are for sale in WATERTOWN, SD 57201?

As of April 2026, there are 118 active listings in WATERTOWN, SD (zip code 57201), compared to 92 the prior year.

What is the median home price in WATERTOWN, SD 57201?

The median listing price in WATERTOWN, SD 57201 is $389,000 as of April 2026, a 0.8% decrease from $391,950 the prior year.

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

Homes in WATERTOWN, SD 57201 spend an average of 62 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in WATERTOWN, SD 57201?

Based on current inventory and days-on-market data as of April 2026, WATERTOWN, SD 57201 is currently a Buyer's Market. Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 62 days on market compared to 57 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WATERTOWN, SD 57201 save an estimated $7,780 compared to a typical 5% commission on the median listing price of $389,000. 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.