Watertown, SD
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's stabilizing Watertown market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Watertown, SD.
The Watertown, SD market is currently in a stabilizing phase, with a pending ratio of 0.46, indicating a balanced demand absorption relative to available inventory. Active listings have contracted by 15.0% year-over-year, alongside a significant year-over-year decrease of 39.1% in new listings.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Watertown market right now.
Median listing prices have experienced a 5.3% increase over the past year, reaching $394,950, while median price per square foot declined by 5.4%. The contraction in active and new listings suggests a tightening supply environment. However, the median days on market increased by 59.4% year-over-year, indicating a slower pace of transactions. The share of price-reduced listings rose by 9.4% compared to the prior year, suggesting some price adjustments are occurring.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
Current market dynamics suggest a moderating negotiating landscape. The year-over-year decline in active listings places some inventory pressure on prospective buyers, yet the prolonged median days on market implies a less urgent transaction pace. Price discipline may be observed through the increased share of price reductions, offering more opportunities for negotiation.
No distinct luxury-segment signal in this dataset.
91 active listings represent the current floor, with new supply arriving at roughly 28 per month.
of active listings carry a price reduction, +9.4% from prior period.
Median price per square foot has moved -5.4% year-over-year.
Pending-to-active ratio — Stabilizing.
Recommended For This Market
StabilizingSelling in Watertown, SD? Homes here are taking 24 days longer to sell than last year.
Watertown, SD is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.
- Buyer Demand Index
- 46%
- Median Days on Market
- 64 days
- Inventory YoY
- −15%
Watertown, SD is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.
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Metro Demographics
ZIPs in Watertown, SD
57201
watertown
$399K
89 active · 61 DOM
57212
arlington
$319K
11 active · 78 DOM
57231
de smet
$332K
10 active · 98 DOM
57274
webster
$234K
9 active · 34 DOM
57252
milbank
$408K
9 active · 89 DOM
57248
lake norden
$270K
7 active · 51 DOM
57226
clear lake
$245K
7 active · 156 DOM
57247
lake city
$659K
6 active · 130 DOM
57262
sisseton
$490K
6 active · 63 DOM
57225
clark
$212K
6 active · 28 DOM
57249
lake preston
$640K
5 active · 76 DOM
57278
willow lake
$310K
4 active · 102 DOM
57273
waubay
$487K
4 active · 60 DOM
57241
hayti
$236K
4 active · 39 DOM
57223
castlewood
$418K
4 active · 50 DOM
57239
grenville
$625K
3 active · 94 DOM
57227
corona
$444K
3 active · 76 DOM
57221
bryant
$240K
3 active · 50 DOM
Sorted by active inventory · click a ZIP for its full report