Watertown, MN Home Values & Market Trends

Real estate market trends reflect that there have been 63 transactions over the past year in Watertown. The median value for residential home transactions that occurred over the previous year is $355,978.89. The number of current listings in Watertown is 5, and the percentage of properties for sale in the city is 5.00%. Watertown, MN currently has 3 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 5 properties for sale.

Watertown, MN Real Estate Market Overview

ZipMedian Est. Value
55388

$ 346,428

$ 157/sqft

Housing Market Summary for Watertown, MN

Apr 2023March 2024Change
Median Listing Price$419.9K$361.7K-13.86%
Median Sold Price$298.4K$361.7K21.22%
Homes For Sale74-42.86%
Homes Sold5033-34.00%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Watertown, MN

Watertown home values range from $38,757 to $3,723,536. The median estimated value of a home in Watertown is $355,978.89. The median list price of a home is 345,000, and the total count of properties in the city is 2,209.

Foreclosure
There is 1 zips within Watertown, MN; within this zips, the median estimated home value for homes in foreclosure ranges from $353,840 in 55388 to the lowest value of $282,785 in 55388. Foreclosure homes account for 0.00% of properties in Watertown, MN with 55388 containing 3 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Watertown, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Watertown, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Watertown, MN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Watertown, MN. There is 1 zips within Watertown, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    55388 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Watertown, MN. Auction homes and other auction properties account for 0.14% of all properties in Watertown, MN. There is 1 zips within Watertown, MN; of that zips, the median estimated home value for homes going to auction ranges from $353,840 in 55388 to the lowest value of $282,785 in 55388.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.23% of residential properties in Watertown, MN with 55388 containing 5 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Watertown, MN; homes for sale in that zips, have a range of median values from $625,000 in 55388 to the lowest value of $285,317 in 55388.
    Sold Homes
    The median value for recently sold homes ranges from $1,035,534 in 55388 to the lowest price of $279,688 in 55388. There is 1 zips within Watertown, MN. 55388 has 20 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0.91% of properties in Watertown, MN.

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      Guide for Watertown, MN

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      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
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      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Recently Listed Homes Watertown, MN

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