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City / Town Overview

Watertown, SD

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

Market Analysis

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

The Watertown, SD real estate market 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%

Included Areas

Watertown: 57201

Area Map

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

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 %