House Prices

House Prices & Home Values Watertown, MN 2026


Average Data

average house price$441,076
average size per house2231 ft²
average price per ft²198 $ / ft²

04/16/2026 - The value range (VR) for house prices in Watertown, MN is $179/ sqft to $179/ sqft. An average home with 2231 sqft costs approximately $399,349 to $399,349. Watertown, MN includes 1 ZIP codes and it is located in Carver county. The lowest prices are found in ZIP 55388, while the highest are in ZIP 55388. The average price per sqare feet is $198. Our analysis is based on 19 property listings.

Avergage prices by ZIP codes Watertown

55388167 $ / ft²




Historical development of home values in Watertown

Year Estimated value (USD) Change vs. 2025
2010 $204,844 -53.6%
2011 $196,922 -55.4%
2012 $196,392 -55.5%
2013 $203,733 -53.8%
2014 $213,863 -51.5%
2015 $224,840 -49.0%
2016 $236,573 -46.4%
2017 $249,342 -43.5%
2018 $263,127 -40.3%
2019 $275,328 -37.6%
2020 $289,561 -34.4%
2021 $329,344 -25.3%
2022 $383,941 -13.0%
2023 $404,884 -8.2%
2024 $428,307 -2.9%
2025 $441,076 0.0%

Graph: estimated home values in Watertown over time (USD)



Example: 100% financing house in Watertown

Loan amount: $441,076

Interest rate: 6.00%

Fixed monthly payment: $2,644.47

Breakdown in the 1st month:
Interest portion: $2,205.38  –  Principal portion: $439.09

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $26,317.22 $5,416.46 $435,659.54
2 $25,983.14 $5,750.54 $429,908.99
3 $25,628.46 $6,105.22 $423,803.77
4 $25,251.90 $6,481.78 $417,321.99
5 $24,852.12 $6,881.56 $410,440.43
6 $24,427.68 $7,306.00 $403,134.44
7 $23,977.06 $7,756.62 $395,377.82
8 $23,498.65 $8,235.03 $387,142.79
9 $22,990.73 $8,742.95 $378,399.84
10 $22,451.49 $9,282.19 $369,117.65
11 $21,878.98 $9,854.70 $359,262.95
12 $21,271.17 $10,462.51 $348,800.43
13 $20,625.86 $11,107.82 $337,692.61
14 $19,940.76 $11,792.93 $325,899.69
15 $19,213.39 $12,520.29 $313,379.40
16 $18,441.17 $13,292.51 $300,086.89
17 $17,621.32 $14,112.36 $285,974.52
18 $16,750.90 $14,982.78 $270,991.74
19 $15,826.79 $15,906.89 $255,084.85
20 $14,845.69 $16,887.99 $238,196.86
21 $13,804.08 $17,929.61 $220,267.25
22 $12,698.22 $19,035.47 $201,231.79
23 $11,524.15 $20,209.53 $181,022.25
24 $10,277.67 $21,456.01 $159,566.24
25 $8,954.31 $22,779.37 $136,786.87
26 $7,549.33 $24,184.35 $112,602.52
27 $6,057.69 $25,675.99 $86,926.53
28 $4,474.05 $27,259.63 $59,666.90
29 $2,792.74 $28,940.94 $30,725.96
30 $1,007.72 $30,725.96 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Watertown, MN


1500 sqft3900 sqft
Ø selling price$359,370$764,479
Ø fast selling$326,700$688,031
Ø high price sale$392,041$840,926

In 2026, houses in Watertown, MN will be offered at an average price of $198 per square foot. A 1,500 sqft home priced at $359,370 is 21.44% more expensive per square foot than a 3,900 sqft home priced at $764,479. Home prices in Watertown, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $529,254. Sellers who can wait longer may achieve a higher price of up to $646,866.


Discover Watertown, MN

Location & Overview

Watertown, MN is a welcoming Carver County city set along the South Fork of the Crow River, about 30 miles west of Minneapolis.
This small-town community blends scenic natural beauty with convenient access via Minnesota State Highway 25 and nearby regional routes.

Outdoor Recreation

Outdoor enthusiasts enjoy riverside parks and multi-use trails, including easy connections to the Luce Line State Trail for biking, walking, and winter recreation.
Anglers, birders, and paddlers find four-season things to do in Watertown, Minnesota, with quiet stretches of water and prairie landscapes close to home.

Downtown & Local Flavor

Historic downtown Watertown features locally owned shops, cafes, and services that make strolling Main Street a charming, everyday experience.
Seasonal community gatherings and family-friendly events add to the small-town feel while supporting local businesses and artisans.

Schools & Community

Watertown-Mayer Public Schools serve the area with a strong mix of academics, arts, and athletics that engage students from elementary through high school.
Neighborhood parks, youth programs, and volunteer organizations create a connected, welcoming culture for residents of all ages.

Housing & Economy

Real estate in Watertown, MN ranges from classic river-area homes to newer neighborhoods, offering affordable options compared with the Twin Cities market.
A diverse local economy anchored by small enterprises, light industry, and agribusiness provides employment opportunities while keeping the city?s character intact.



FAQ – Home Values in Watertown

What is the median home value in Watertown in 2026?

In 2026, the typical home value in Watertown is about $441,076 for an average home size of 2231 square feet. This corresponds to an average price of roughly $198 per square foot.

What is the average cost per square foot in Watertown?

In 2026, homes in Watertown sell for an average of around $198 per square foot, with a typical range between $179 and $179 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Watertown is about 2231 square feet, with an estimated 2026 value around $441,076.



Locations close to Watertown, MN

Watkins, MN224 $ / ft²
Waverly, MN163 $ / ft²
Wayzata, MN384 $ / ft²
Waconia, MN225 $ / ft²
Victoria, MN168 $ / ft²
Stewart, MN104 $ / ft²
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