Charles River Properties LLC

Watertown, MA

Condos/Townhomes

Massachusetts Broker License Number 9043



Watertown, MA

Mon Jun 21 2021
This week the median list price for Watertown, MA is $597,000 with the market action index hovering around 70. This is an increase over last month's market action index of 69. Inventory has increased to 38. Click here to stay informed with the Watertown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Watertown, MA

Mon Jun 21 2021
This week the median list price for Watertown, MA is $597,000 with the market action index hovering around 70. This is an increase over last month's market action index of 69. Inventory has increased to 38. Click here to stay informed with the Watertown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Watertown market.
Median List Price $597,000
Median Price of New Listings $644,000
Per Square Foot $474
Average Days on Market 52
Median Days on Market 25
Price Decreased 29%
Price Increased 3%
Relisted 5%
Inventory 38
Median Rent $2,400
Market Action 70
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$799,000 1,882 6,500 - 8,000 sqft 3 2 96 3 3 35
$649,000 1,375 0 - 4,500 sqft 2 2 46 2 3 28
$569,000 1,272 4,500 - 6,500 sqft 2 1 43 3 5 7
$395,000 711 10 - 20 acres 1 1 48 2 3 87