Is Watertown, TN 37184 a buyer’s or seller’s market?
Watertown is a balanced market. With about 5.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 19% of U.S. ZIP codes, and #202 of 315 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 July 31, 2026. See the breakdown
The Watertown housing market right now
In the three months ending August 31, 2026, 7% of homes in Watertown, TN 37184 sold above their list price, the typical home went under contract in 45 days and there were 5.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold faster (51 days then) and the median sale price fell 21% to $374,338. Overall, Watertown is less competitive than a year ago, which gives buyers more room.
Within Wilson County, homes here sell faster than in any other ZIP code in the county, and sell less often over asking than in 75%.
Nearby, buyers who want less competition could look at Auburntown 37016 (0% sold over asking), while Mount Juliet 37122 (15% sold over asking) and Lebanon 37090 (12% sold over asking) are even more competitive.
Run the numbers for 37184
Nearby markets
Auburntown 37016Buyer’s market $200 /sq ftLebanon 37087Balanced $217 /sq ftLebanon 37090Seller’s market $206 /sq ftMount Juliet 37122Balanced $236 /sq ft Browse all markets →Towns like Watertown nearby
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Questions about Watertown real estate
Is Watertown a buyer’s or seller’s market?
A balanced market: there were 5.7 months of supply in Watertown, TN 37184 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Watertown?
The typical home went under contract in 45 days in the latest three months.
Do homes in Watertown sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Watertown?
About 0.42% of a home’s value a year in Wilson County, or roughly $1,680 on a $400,000 home.
What is the median home price in Watertown?
The median sale price was $374,338 in the three months ending August 31, 2026, about $238 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology