Watertown, MA Area Market Review 2016 - 2020 As of October 28, 2020 Prepared by Colleen Barry on Wednesday, October 28, 2020
Single Family Listing Inventory on October 28
2016
2017
2018
2019
2020
Listing Units
10
14
11
13
9
Average Days on Market
31
45
35
46
68
Average List Price
$811,989.90
$853,542.86
$1,001,063.64
$774,615.31
$899,055.56
Average List $ / SqFt
$373.36
$350.01
$398.48
$421.13
$424.99
Approximate Absorption Rate
75.83%
51.79%
73.48%
69.23%
83.33%
Approximate Months Supply of Inventory
1.32
1.93
1.36
1.44
1.20
Listed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Taken)
102
103
107
118
112
Average Original List Price
$685,316.67
$722,931.76
$785,283.15
$762,255.06
$844,639.18
Average Original List $ / SqFt
$360.45
$367.35
$386.01
$413.73
$447.67
Went Pending (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Went Pending)
93
86
94
97
88
Average List Price
$656,823.66
$692,140.38
$727,237.10
$737,978.34
$764,832.82
Average List $ / SqFt
$352.34
$370.88
$383.67
$404.24
$436.37
Average Days to Offer
21
17
17
19
18
Listed & Price Changed (Year to Date)
2016
2017
2018
2019
2020
Listing Units (Price Changed)
19
20
17
31
30
Average Original List Price
$734,347.37
$766,604.25
$755,747.06
$834,151.58
$928,866.60
Average Original List $ / SqFt
$381.01
$353.37
$392.34
$423.69
$457.51
Sold (Year to Date)
2016
2017
2018
2019
2020
Closed Units (Sold)
78
69
80
88
78
Average Days on Market
32
25
26
30
31
Average Days to Offer
22
17
17
20
22
Average Sale Price
$678,238.46
$662,194.93
$764,113.50
$748,255.20
$768,366.67
Average Sale $ / SqFt
$357.81
$387.60
$390.61
$403.51
$426.82
Average List Price
$663,428.19
$644,624.25
$752,592.34
$747,725.00
$764,388.45
Average List $ / SqFt
$350.26
$377.66
$384.33
$403.07
$423.07
Average Original List Price
$671,914.09
$649,683.67
$763,299.95
$763,884.09
$773,966.65
Average Original List $ / SqFt
$354.92
$380.61
$390.02
$410.73
$428.44
Average Sale Price as % of List Price
102.25%
102.70%
101.80%
100.18%
100.80%
Average Sale Price as % of Original List Price
101.09%
101.91%
100.52%
98.40%
99.66%
Average Sale Price as % of Assessed Price
N/A
130.54%
134.08%
N/A
586.25%
Sold Units - Short Sale
0
0
0
0
0
Sold Units - Lender-Owned
1
0
1
0
0
12-Month Activity as of October 28
2016
2017
2018
2019
2020
Units Listed
108
110
115
126
119
Units Price Changed
21
22
18
33
30
Units Went Pending
99
99
108
109
103
Units Sold
91
87
97
108
90
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