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City / Town Overview

Watertown, SD

Aggregate real estate market report across all ZIPs in scope
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The Watertown, SD real estate market currently shows 93 active listings, with 27 pending sales. Homes are averaging 89 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 89 days on market compared to 94 days last year.

The median listing price has fallen 11% year-over-year, from $369,950 to $329,400.

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
93
⇧ 12% vs 83 last year
Pending
27
29% pending ratio
Median Price
$329,400
⇩ 11% vs $369,950 last year
Average Price
$356,711
⇩ 21.1% vs $451,861 last year
Days on Market
89
⇩ 5.3% vs 94 days last year

Price Per Square Foot

Median $/sqft
$154
⇩ 28% vs $214/sqft last year
Median Home Size
1,723 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 %