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City / Town Overview

Watertown, SD

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

Market Analysis

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

The Watertown, SD real estate market currently shows 130 active listings, with 41 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 61 days on market compared to 41 days last year.

The median listing price has risen 6.3% year-over-year, from $374,900 to $398,675.

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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
⇩ 3.7% vs 135 last year
Pending
41
32% pending ratio
Median Price
$398,675
⇧ 6.3% vs $374,900 last year
Average Price
$455,943
⇧ 7.1% vs $425,567 last year
Days on Market
61
⇧ 48.8% vs 41 days last year

Price Per Square Foot

Median $/sqft
$165
⇩ 5.2% vs $174/sqft last year
Median Home Size
2,264 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 %