Are home prices going up or down in Watertown, SD?
In Watertown, SD, the typical home sold for $298,250 during May 2026 — about the same as a year ago. Prices are flat, not rising or falling.
Over the last 36 months the typical sale price in Watertown, SD went from $309,900 to $298,250 — down 4%.
The high point was $351,950, reached in May 2024. Today's typical sale is 15% below that.
Measured by size, homes in Watertown, SD are selling for about $142 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Watertown, SD area, through May 2026.
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More about the Watertown, SD market
- When is the best month to sell a house in Watertown, SD?
- How long does it take to sell a house in Watertown, SD?
- Do homes sell above asking price in Watertown, SD?
- Is Watertown, SD a buyer's market or a seller's market?
- How many homes are for sale in Watertown, SD?
- All Watertown, SD housing numbers
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Figures come from Redfin's published market data for the Watertown, SD area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.