Watertown, WI Real Estate

Nestled on the banks of the Rock River, Watertown is conveniently located between Milwaukee and Madison. It is a quaint town surrounded by beautiful farms and scenic farmland. But while Watertown is rooted in agriculture, it also has a solid industrial and commercial base – its new West Side Industrial Park is now up and running. The Wis-Pak/Pepsi packing plant and River City/Budweiser shipping plant are also both located in Watertown.

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Watertown is a great place to raise a family. Its public school system is top notch, employing only the best teachers and providing top notch education to the students. In addition to its public school system, Watertown also offers a wide variety of Parochial Schools from elementary to college. Its collegiate offerings boast the fine Watertown campus of Madison Area Technical College. Watertown is also proud to have founded the first kindergarten, an educational system brought to the United States by one the city’s German immigrants in 1856.

There is a Watertown transit system which offers residents a reasonably priced option for transportation within the city limits. It provides curb to curb services with cars, vans and small buses. Handicap accessible vehicles are also available. For youth, a “corner service” is available for pick ups and drop offs at pre-designated corners within Watertown.

Watertown offers various activities for residents to partake in. As the name suggests, the city’s abundance of water provides fun for everybody. Fishing, canoeing and boating are some of the more popular activities in the area. Watertown also has two 18-hole golf courses and an extensive park system consisting of numerous neighborhood parks and three large community parks. And in the winter months, the city accommodates locals with two ice rinks and cross country ski trails.

Every year, Watertown hosts Riverfest, a four-day festival at Riverside Park that is completely based on volunteer effort. It attracts over 35,000 people to Watertown and features live music, a carnival, food, 5k runs, raft races and much more.
Architecturally significant, Watertown features the historic eight-sided home. Known as the “Octagon House,” the home is one of Wisconsin’s most popular landmarks. It is a 57-room house that features a long spiral staircase and an ingenious cistern system. A treasure of the city, the “Octagon House” carries a bit of Watertown History.

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Watertown was first explored in 1836 due to its valuable rapids and springs. It is formerly known as Johnson’s Rapids (named after its first settler Timothy Johnson) and was at one time the second largest city in Wisconsin.

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Watertown properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Douglas Elementary School (Watertown) Watertown School District Public 425 16 DOUGLAS ELEMENTARY SCHOOL GreatSchools Rating
Endeavor Charter School (Watertown) Watertown School District Public 60 Not Reported ENDEAVOR CHARTER SCHOOL GreatSchools Rating
Lebanon Elementary School (Watertown) Watertown School District Public 60 14 LEBANON ELEMENTARY SCHOOL GreatSchools Rating
Riverside Middle School (Watertown) Watertown School District Public 750 16 RIVERSIDE MIDDLE SCHOOL GreatSchools Rating
Schurz Elementary School (Watertown) Watertown School District Public 315 11 SCHURZ ELEMENTARY SCHOOL GreatSchools Rating
Watertown High School (Watertown) Watertown School District Public 1468 17 WATERTOWN HIGH SCHOOL GreatSchools Rating
Webster Elementary School (Watertown) Watertown School District Public 400 17 WEBSTER ELEMENTARY SCHOOL GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 31,233 85,836 5,852,878
Total Households 12,008 32,960 2,349,819
Total Families 8,425 22,458 1,516,725
Percent Male 49% 50% 50%
Percent Female 51% 50% 50%
White Collar Jobs 50% 52% 58%
Blue Collar Jobs 51% 48% 42%

Top Occupations

Professions Population Employed
Professional Services 2,352
Sales 1,464
Manufacturing 1,323
Healthcare 1,292
Food 1,014
Maintenance 962
Transportation 942
Management 555
Construction 403
Social Services 325

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units
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Owner Occupied Housing Units 8,008 23,399 1,601,729
Renter Occupied Housing Units 3,998 9,561 748,090
Vacant Housing Units 728 2,821 311,518
Occupancy Rate 94% 91% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 929 2,663 135,725
5 - 15 minutes 6,041 13,980 877,463
15 - 30 minutes 3,808 10,968 975,154
30 - 45 minutes 1,811 5,791 370,565
45-60 minutes 1,053 2,720 120,537
Over 60 minutes 655 1,812 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 1,292 3,043 224,571
High School Graduate 7,932 20,526 1,256,597
Some College 4,511 12,282 833,955
Associates Degree 2,152 6,212 410,260
Bachelors Degree 2,926 9,467 747,113
Graduate Degree 1,427 4,148 384,121

Education Attainment


Market Conditions
Market Conditions for Watertown - December 2019 | Shorewest Realtors®
December 2019

Market Conditions for Watertown

Median Sale Price Graph

Median Sale Price

The median sale price for homes in December was $195,000. The median sales price for homes in December rose by $45,500 compared to last month. This represents a 30.43% increase from November. Compared to the same month last year, the median price of homes rose by $55,050 representing a 39.33% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 16 in December to 47. This represents 25.39% decrease from November when 63 homes were on the market. Compared to the same month last year when there were 59 homes for sale, the inventory of homes for sale has fallen by 12 representing a -20.33% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 23 homes sold in December was 7 more than in November. This represents a 43.75% increase in sales from November. Compared to the same month last year, the number of homes sold increased by 8, a 53.33% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in December (36) decreased by 14 days compared to November. This represents a 28% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 2, a 5.88% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 95.35% in December fell by 0.37% compared to November and decreased 0.03% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in December (7) fell by 9 compared to November, a 56.25% change. Compared to December 2018, the number of new listings decreased by 11, a -61.11% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in December was $159,900. The median list price for homes in December fell by ($12,500) compared to last month. This represents a 7.25% decrease from November. Compared to the same month last year, the median list price of homes increased $13,950 representing a 9.55% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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