Metropolitan market · South Dakota · June 2026 data

Watertown Real Estate Market

The Watertown, SD housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Watertown report in a click.

Median listing price
$389,450
▲ 1.5% YoY
Median $ / sq ft
$155
2,269 sq ft median
Median days on market
58
June 2026
Active listings
99
For sale now
New listings
38
June 2026
Listings with price cuts
19%
Share of active
Median sale price (closed)
$298,250
▼ 0.6% YoY · closed sales
Sale-to-list ratio
98.5%
Closed sales
Homes sold / month
44
Closed sales
Median listing price trend
$389K$372K$356K$339K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Watertown SD · trailing 8 quarters · source: public records and industry data.

The 10-year view
$389K$349K$308K$267K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Watertown SD · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
99
New this month
38
Pending
46
Price-reduced
19

As of June 2026, the median home listed in Watertown, SD asks $389,450 — up 1.5% from a year ago. Homes are taking a median of 58 days to go under contract, and 19% of the 99 active listings have taken a price cut, which points to a balanced market. Figures cover the Watertown, SD metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
46/100
#538 of 932 covered metros
12-month outlook
+1.2%
Flat · model output, not advice
Momentum
53
Value
29
Rental yield
14
Supply risk
21
Market heat
54

Watertown scores 46/100 on our composite Investor Score (#538 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 58% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 1.5% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Watertown ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$1,755/mo
−$200/mo vs today
At today's rate · 6.43%
$1,955/mo
National weekly average
If rates rise 1% · 7.43%
$2,164/mo
+$209/mo vs today

Principal & interest on the $389,450 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
142
▼ 11.3% vs 2024
5.0 per 1,000 residents
Net migration (2022–2023)
+114
▲ people, via tax-return records
net income flow +$11.3M/yr
Natural-hazard risk
Relatively Low
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Watertown market FAQs

What is the median home price in Watertown?
As of June 2026, the median listing price in Watertown, SD is $389,450, up 1.5% year over year (source: public records and industry data). Figures cover the Watertown, SD metro area.
How fast are homes selling in Watertown?
The median property in Watertown spends 58 days on the market, with 99 homes actively listed and 19% of them carrying a price cut — a balanced market by pace.
Who are the top real estate agents in Watertown?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Watertown and the wider South Dakota market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Watertown, SD metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.