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ZIP 57201 in Watertown, SD: housing market trends

The median home sale price in ZIP 57201 in Watertown, SD was $315,407 for the three-month period ending September 2026. Sale prices were 13.9% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$315,407
three-month period ending September 2026
Median sale price per sq ft
$146.02
three-month period ending September 2026
Active listings
244
three-month period ending September 2026
Typical monthly rent
$1,115
Rent index · August 2026

How is housing inventory changing?

There were 244 active listings for the three-month period ending September 2026. Active listings were 0.8% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 63 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 57201 in Watertown, SD
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$315,407$146.02123
Single-familySeptember 2026$304,923$138.75104
TownhousesSeptember 2026$353,750$164.738 · small sample
Condos / co-opsSeptember 2026$355,189$195.084 · small sample
Multifamily (2–4 units)September 2026$380,000$207.087 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 57201 in Watertown, SD
MarketMedian sale priceReporting period / source
Watertown, SD$291,3613 months ending September 2026 · Redfin
Goodwin, SD$214,8983 months ending September 2026 · Redfin
South Shore, SD$169,9003 months ending December 2025 · Redfin
Florence, SD$171,0003 months ending August 2025 · Redfin
Castlewood, SD$345,8353 months ending September 2026 · Redfin
Henry, SD$49,8763 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 57201 in Watertown, SD
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$315,407$146.02244
August 2026$332,900$142.98264
July 2026$319,000$142.98266
June 2026$327,000$143.70246
May 2026$301,500$140.14232
April 2026$280,000$128.82208
March 2026$280,000$133.79169
February 2026$285,000$123.62160
January 2026$286,500$121.81169
December 2025$285,000$127.75188
November 2025$266,250$141.03222
October 2025$277,900$136.36233
September 2025$276,950$135.89242
August 2025$296,000$131.68249
July 2025$293,200$136.25256
June 2025$299,900$143.86235
May 2025$289,000$141.37191
April 2025$265,000$133.64164
March 2025$235,500$120.87145
February 2025$251,500$133.80147
January 2025$297,950$138.43165
December 2024$299,900$137.15177
November 2024$279,900$133.68192
October 2024$290,000$133.96215

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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