Home Values

Watertown Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$238,800

  • 4.9% 1-year change
  • None 1-year forecast

The median home value in Watertown is $238,800. Watertown home values have gone up 4.9% over the past year. The median list price per square foot in Watertown is $147, which is lower than the Torrington Metro average of $152. The median price of homes currently listed in Watertown is $239,900 while the median price of homes that sold is $192,308. The median rent price in Watertown is $1,400, which is higher than the Torrington Metro median of $1,300.

Foreclosures will be a factor impacting home values in the next several years. In Watertown 1.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Watertown is 6.0%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Watertown homeowners underwater on their mortgage is 15.4%.

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Relative ZHVI
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Watertown Market Overview

Data through Jan 31, 2015
  • $238,800 ZHVI
  • No data 1-yr forecast
  • $239,900 Median listing price
  • $192,308 Median sale price (Dec 31, 2014)
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Watertown Market Health

Data through Jan 31, 2015
  • 5.9/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 15.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes(Dec 31, 2014) Watertown
4 homes United States
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Nearby Cities

Name Median ZHVI
Morris $301,900
Woodbury $289,500
Middlebury $283,400
Name Median ZHVI
Bethlehem $278,200
Oakville $174,100
Plymouth $167,300
Name Median ZHVI
Thomaston $164,400
Terryville $149,900
Waterbury $103,200

Listings & Sales

Data through Jan 31, 2015
  • $147 Median list price / sq ft
  • $128 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
49.0%
Sold below listing
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Watertown Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,567 Watertown
    $1,560 Torrington Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,400 Rent list price
  • No data Rent list price / sq ft
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