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All market snapshots / 57201

Watertown, SD 57201 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Watertown, SD inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 5151PendingPending sales: 44
Watertown, SD: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $350k$350kSoldMedian sold price (last 6 months): $330k$330k
What homes actually sell for in Watertown, SD
Distribution of 218 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $225k to $440k
$100k to $174k: 13 sales$100k$174k to $248k: 42 sales$248k to $321k: 41 sales$248k$321k to $395k: 44 sales44sales$395k to $469k: 25 sales$395k$469k to $542k: 16 sales$542k to $616k: 7 sales$542k$616k to $690k: 9 salesMedian $330k

What the numbers say

As of October 26, 2026, Resideline is tracking 51 active listings and 4 pending sales in ZIP code 57201. That pending-to-active ratio of 0.08 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $349,900, while the median of the 218 closed sales Resideline tracked over the last six months was $329,600. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 57201 for 82 days.

Frequently asked questions

What is the median home price in 57201?

The median closed sale price in Watertown, SD 57201 was $329,600 over the last six months, based on 218 closed sales tracked by Resideline. The middle half of those sales ranged from $225,000 to $439,900.

Is 57201 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 51 active listings in 57201, a pending-to-active ratio of 0.08. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 57201 is currently a typical-pace market.

Nearby ZIP code market data

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