Housing in Watertown, SD
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$300,000
Median List Price
$254,900
Price Per Sq Ft
$165
Days on Market
87
Active Inventory
75
Months of Supply
6.8
Buyer's market
Zillow Home Value
$297,053
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
9.1%
Off Market in 2 Weeks
14.3%
Sale-to-List Ratio
95.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
11
New Listings
22
Pending Sales
28
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$165
Median List $/SF
$130
Watertown vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Watertown is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$212,300
Median Rent
$904
Total Housing Units
10,984
Vacancy Rate
6.8%
Owner Occupied
62.7%
Renter Occupied
37.3%
Median Property Tax
$2,349
per year
Monthly Cost (w/ Mortgage)
$996
Housing Types
The current median sale price in Watertown, SD is $300,000 according to Redfin data. Homes spend a median of 87 days on the market. 9.1% of homes sold above asking price. The market has 6.8 months of supply. The median price per square foot is $165. The median rent is $904 per month (Census ACS). About 62.7% of housing units are owner-occupied. The median year homes were built is 1980. There are 10,984 total housing units.