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
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The Watertown market is stabilizing, with a pending ratio of 0.47 indicating balanced demand absorption relative to inventory. However, significant inventory expansion, up 22.8% year-over-year, suggests pressure on this equilibrium.
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.
Active listings have expanded considerably, seeing a 22.8% increase over the past year. Concurrently, new listings also rose by 22.2% year-over-year. While the pending ratio experienced a 9.4% increase over the past year, the decline in median listing prices by 9.8% year-over-year suggests prevailing price adjustments.
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
With a pending ratio of 0.47, the current environment suggests a more even distribution of negotiating leverage. The expansion of active listings indicates that buyers have more options, potentially fostering a more deliberate pace in transactional activity. Price adjustments observed over the past year underscore the importance of disciplined pricing strategies for market participants.
Average listing prices declined by 12.1% year-over-year, a steeper reduction than the 9.8% decline in median listing prices. This wider spread suggests a disproportionate softening in the higher-priced segments of the market.
97 active listings represent the current floor, with new supply arriving at roughly 44 per month.
of active listings carry a price reduction, -2.7% from prior period.
Median price per square foot has moved -9.2% year-over-year.
Pending-to-active ratio — Stabilizing.
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Metro Demographics
ZIPs in Watertown, SD
57201
watertown
$384K
95 active · 51 DOM
57252
milbank
$365K
12 active · 39 DOM
57212
arlington
$400K
11 active · 47 DOM
57226
clear lake
$315K
9 active · 110 DOM
57262
sisseton
$400K
7 active · 67 DOM
57274
webster
$216K
7 active · 82 DOM
57231
de smet
$295K
6 active · 49 DOM
57248
lake norden
$305K
6 active · 42 DOM
57247
lake city
$695K
5 active · 102 DOM
57241
hayti
$245K
4 active · 17 DOM
57273
waubay
$372K
4 active · 48 DOM
57249
lake preston
$700K
4 active · 34 DOM
57234
estelline
$550K
3 active · 28 DOM
57223
castlewood
$359K
3 active · 39 DOM
57278
willow lake
$270K
3 active · 66 DOM
57279
wilmot
$1.68M
3 active · 26 DOM
57259
revillo
$72K
2 active · 7 DOM
57243
henry
$175K
2 active · 47 DOM
Sorted by active inventory · click a ZIP for its full report