Is Watertown, MN 55388 a buyer’s or seller’s market?
Watertown is a seller’s market. With about 1.8 months of supply and 39% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score77/ 100
More competitive than 82% of U.S. ZIP codes, and #82 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply1.8Under 4 months = seller’s market
Sold above original list39.3%Share of sales, last 3 months
Median sale-to-list100.1%Sold price ÷ list price
Median days on market29Listing to accepted offer
Median price per sq ft$191▲ +7.7% vs. last year
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Nearby markets
Carver 55315Seller’s market $208 /sq ftChanhassen 55317Seller’s market $227 /sq ftChaska 55318Seller’s market $211 /sq ftCologne 55322Seller’s market $181 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology