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All market snapshots / 57201

Watertown, SD 57201 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Watertown, SD inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 5555PendingPending sales: 66
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): $320k$320kSoldMedian sold price (last 6 months): $330k$330k
What homes actually sell for in Watertown, SD
Distribution of 202 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $220k to $427k
$83k to $155k: 12 sales$83k$155k to $227k: 31 sales$227k to $299k: 31 sales$227k$299k to $372k: 50 sales50sales$372k to $444k: 25 sales$372k$444k to $516k: 15 sales$516k to $588k: 10 sales$516k$588k to $660k: 7 salesMedian $330k

What the numbers say

As of September 14, 2026, Resideline is tracking 55 active listings and 6 pending sales in ZIP code 57201. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $319,900, while the median of the 202 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 67 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 202 closed sales tracked by Resideline. The middle half of those sales ranged from $220,000 to $427,000.

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

Resideline is currently tracking 6 pending sales against 55 active listings in 57201, a pending-to-active ratio of 0.11. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 57201 currently looks like a balanced market.

Nearby ZIP code market data

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