Watertown, NY metro area Housing Market

Cool Market

Comprehensive housing market data for the Watertown, NY metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.

Data period: March 2026

Median Sale Price

$238K

25.3% YoY

Days on Market

120 days

42.9% YoY

Active Inventory

316

10.2% YoY

Homes Sold

70

11.1% YoY

Cool Market

Buyer activity is slowing, creating more negotiating room.

Watertown, NY metro area Market Summary

The Watertown, NY metro area housing market is cooling down. As of March 2026, the median home sale price is $238K, up 25.3% year-over-year. Homes are spending a median of 120 days on the market, 42.9% longer than a year ago.

There are 316 homes for sale — 10.2% fewer than last year. With 4.5 months of supply, this is a balanced market. 116 new listings were added during this period, up 17.2% year-over-year.

Homes are selling for 97.8% of their list price on average, suggesting room for negotiation. 34.3% of homes sell above their asking price. 14.6% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

70

Contributing Factors

Months of Supply 4.5
Days on Market 120
Price Drops 14.6%
Sale-to-List Ratio 97.8%
Market Temperature Cool

How This Market Compares

vs. National Median

Median Price (National: $437K) 45.5%
Days on Market (National: 55) 118.2%
Inventory (National: 1,314,690) 100.0%

vs. New York Median

Median Price (New York: $599K) 60.3%
Days on Market (New York: 57) 110.5%

Investor Takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 46% below the national median, which could indicate stronger cash flow potential.

Watertown, NY metro area Market Trends

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Detailed Market Metrics

Median List Price

$259K

Price per Sq Ft

$146

Sale-to-List Ratio

97.8%

Months of Supply

4.5

Sold Above List

34.3%

Price Drops

14.6%

New Listings

116

17.2% YoY

Pending Sales

118

Off Market in 2 Weeks

42.4%

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.