57201, SD Housing Market
The 57201 housing market is somewhat competitive. The median sale price of a home in 57201 was $333K over the last 3 months, up 12.5% since the same period last year. The median sale price per square foot in 57201 is $157, up 15.4% since last year.
57201 Housing Market Trends
Over the three months ending August 2026, 57201 home prices were up 12.5% compared to the same period last year, selling for a median price of $333K. On average, homes in 57201 sell after 58 days on the market compared to 52 days last year. There were 124 homes sold in August this year, up from 111 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 57201 housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 59 days.
- Hot homescan sell for around list price and go pending in around 37 days.
View houses in 57201 that sold recently
Recently sold homes
- $770,978 Last Sold Price3 beds2 baths2,056 sq ft816 N Lake Dr, Watertown, SD 57201List Price$779,900Sale to List1% under listDays on Market100 days816 N Lake Dr, Watertown, SD 57201
- $416,000 Last Sold Price4 beds3 baths3,104 sq ft1123 13th Ave NE, Watertown, SD 57201List Price$425,000Sale to List2% under listDays on Market43 days1123 13th Ave NE, Watertown, SD 57201
- $119,900 Last Sold Price4 beds2 baths1,782 sq ft3425 11th Ave SW, Watertown, SD 57201List Price$119,900Sale to List0% over listDays on Market31 days3425 11th Ave SW, Watertown, SD 57201
- $350,000 Last Sold Price—beds—baths—sq ft202 27th St NE, Watertown, SD 57201List Price$350,000Sale to List0% over listDays on Market1 day202 27th St NE, Watertown, SD 57201
- $285,000 Last Sold Price4 beds2 baths1,992 sq ft130 15th St NE, Watertown, SD 57201List Price$298,900Sale to List5% under listDays on Market50 days130 15th St NE, Watertown, SD 57201
- $100,000 Last Sold Price2 beds1 bath1,832 sq ft17 4th Ave SW, Watertown, SD 57201List Price$110,000Sale to List9% under listDays on Market4 days17 4th Ave SW, Watertown, SD 57201
- $995,000 Last Sold Price3 beds2.5 baths4,460 sq ft1313 10th St NW, Watertown, SD 57201List Price$1,190,000Sale to List16% under listDays on Market175 days1313 10th St NW, Watertown, SD 57201
- $199,900 Last Sold Price2 beds1 bath1,129 sq ft318 2nd St SE, Watertown, SD 57201List Price$199,900Sale to List0% over listDays on Market35 days318 2nd St SE, Watertown, SD 57201
See all recently sold homes in 57201.
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Schools in 57201
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Watertown Intermediate School Public • 5-6 | 496 Students | N/A |
5/10 Waverly-South Shore Elementary - 02 Public • PreK-5 | 112 Students | 1 reviews |
5/10 Jefferson Elementary - 09 Public • 1-4 | 318 Students | 1 reviews |
4/10 Lincoln Elementary - 05 Public • 1-4 | 311 Students | N/A |
3/10 Mellette Elementary - 07 Public • 1-4 | 250 Students | 2 reviews |
Climate's impact on 57201 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 57201.
Flood Factor - Minor
Flood Factor

Fire Factor - Moderate
Fire Factor

Wind Factor - Minor
Wind Factor

Heat Factor - Minimal
Heat Factor

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