Is Watertown, WI 53098 a buyer’s or seller’s market?
Watertown is a seller’s market. With about 1.5 months of supply and 66% 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.
More competitive than 92% of U.S. ZIP codes, and #15 of 319 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
The Watertown housing market right now
In the three months ending August 31, 2026, 66% of homes in Watertown, WI 53098 sold above their list price, the typical home went under contract in 36 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 45 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 56%, homes sold faster (38 days then) and the median sale price fell 2% to $348,571. Overall, Watertown is more competitive than a year ago, so tougher for buyers.
Within Dodge County, homes here sell faster than in 87% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Watertown ranks #15 of 319 WI ZIP codes with enough sales (score 88 out of 100).
Nearby, buyers who want less competition could look at Rubicon 53078 (0% sold over asking) or Brownsville 53006 (0% sold over asking), while Neosho 53059 (100% sold over asking) and Lowell 53557 (100% sold over asking) are even more competitive.
Run the numbers for 53098
Nearby markets
Beaver Dam 53916Seller’s market $190 /sq ftBrownsville 53006Balanced $232 /sq ftBurnett 53922Seller’s market $253 /sq ftFox Lake 53933Seller’s market $205 /sq ft Browse all markets →Towns like Watertown nearby
Find towns like Watertown in other states →Where Watertown is
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Questions about Watertown real estate
Is Watertown a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Watertown, WI 53098 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 36 days in the latest three months.
Do homes in Watertown sell over asking?
66% of homes sold above their original list price, and the typical sale closed at 102.8% of the list price.
What are property taxes in Watertown?
About 1.48% of a home’s value a year in Dodge County, or roughly $5,920 on a $400,000 home.
What is the median home price in Watertown?
The median sale price was $348,571 in the three months ending August 31, 2026, about $216 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