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 cooling 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 housing market exhibits cooling conditions, with a pending ratio of 0.36, indicating moderate demand absorption relative to available inventory. Active listings have contracted by 10.1% year-over-year, while new listings saw a more significant decrease of 36.8% over the same period.
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.
Inventory dynamics reveal a contraction in supply, with active listings down 10.1% and new listings down 36.8% year-over-year. Despite this, the median listing price registered a 5.4% increase year-over-year, although it experienced a 2.0% month-over-month decline. The share of price reductions has increased by 11.6% year-over-year, suggesting some price resistance. Median days on market decreased by 15.8% year-over-year, yet demand as measured by the pending ratio remains at a level indicative of a slower absorption rate.
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
In this environment, demand absorption is trailing supply, leading to a slower pace of transactions. While overall inventory is contracting, the declining pending ratio and increasing price reduction share suggest less urgency among prospective buyers. This scenario allows for more considered negotiations, placing pressure on price discipline for properties that remain on the market longer than average.
The average listing price increased by 10.3% year-over-year, while the median $/sqft declined by 2.6% over the same period. This divergence, coupled with a median price decline of 2.0% month-over-month, signals potential softness within the higher-priced segments of the market.
99 active listings represent the current floor, with new supply arriving at roughly 24 per month.
of active listings carry a price reduction, +11.6% from prior period.
Median price per square foot has moved -2.6% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Watertown, SD? Homes here are taking 10 days less to sell than last year.
Buyers have leverage in Watertown, SD. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 36%
- Median Days on Market
- 55 days
- Inventory YoY
- −10%
In a buyer's market, strategy beats timing. See how your home scores in Watertown, SD and what moves the number.
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Metro Demographics
ZIPs in Watertown, SD
57201
watertown
$358K
95 active · 55 DOM
57252
milbank
$356K
14 active · 65 DOM
57212
arlington
$286K
13 active · 44 DOM
57231
de smet
$175K
13 active · 92 DOM
57274
webster
$330K
12 active · 53 DOM
57249
lake preston
$550K
7 active · 77 DOM
57226
clear lake
$241K
7 active · 70 DOM
57241
hayti
$255K
7 active · 57 DOM
57225
clark
$224K
6 active · 61 DOM
57247
lake city
$485K
5 active · 107 DOM
57221
bryant
$230K
5 active · 70 DOM
57223
castlewood
$640K
4 active · 22 DOM
57262
sisseton
$478K
4 active · 91 DOM
57248
lake norden
$386K
4 active · 78 DOM
57220
bruce
$542K
4 active · 47 DOM
57273
waubay
$502K
3 active · 89 DOM
57227
corona
$442K
3 active · 84 DOM
57234
estelline
$349K
3 active · 63 DOM
Sorted by active inventory · click a ZIP for its full report