57201, SD Housing Market
The 57201 housing market is somewhat competitive. The median sale price of a home in 57201 was $266K last month, down 4.5% since last year. The median sale price per square foot in 57201 is $145, up 5.8% since last year.
57201 Housing Market Trends
In November 2025, 57201 home prices were down 4.5% compared to last year, selling for a median price of $266K. On average, homes in 57201 sell after 62 days on the market compared to 67 days last year. There were 100 homes sold in November this year, up from 96 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 3% below list price and go pending in around 72 days.
- Hot homescan sell for around list price and go pending in around 46 days.
View houses in 57201 that sold recently
Recently sold homes
- $148,000 Last Sold Price2 beds2 baths704 sq ft112 7th Ave SE, Watertown, SD 57201List Price$154,900Sale to List4% under listDays on Market197 days112 7th Ave SE, Watertown, SD 57201
- $299,900 Last Sold Price4 beds2 baths2,728 sq ft1012 18th St NE, Watertown, SD 57201List Price$299,900Sale to List0% over listDays on Market45 days1012 18th St NE, Watertown, SD 57201
- $160,000 Last Sold Price2 beds1 bath1,731 sq ft606 S Maple --, Watertown, SD 57201List Price$160,000Sale to List0% over listDays on Market31 days606 S Maple --, Watertown, SD 57201
- $221,000 Last Sold Price4 beds2 baths2,272 sq ft117 1st St SW, Watertown, SD 57201List Price$220,000Sale to List0% over listDays on Market92 days117 1st St SW, Watertown, SD 57201
- $685,000 Last Sold Price3 beds2.5 baths5,362 sq ft2335 Grant Dr NW, Watertown, SD 57201List Price$695,000Sale to List1% under listDays on Market314 days2335 Grant Dr NW, Watertown, SD 57201
- $195,000 Last Sold Price3 beds2 baths2,412 sq ft224 5th Ave SW, Watertown, SD 57201List Price$204,900Sale to List5% under listDays on Market143 days224 5th Ave SW, Watertown, SD 57201
- $285,000 Last Sold Price3 beds2 baths2,720 sq ft908 2nd St NE, Watertown, SD 57201List Price$289,000Sale to List1% under listDays on Market108 days908 2nd St NE, Watertown, SD 57201
- $180,500 Last Sold Price3 beds1.5 baths1,956 sq ft509 5th St SE, Watertown, SD 57201List Price$174,900Sale to List3% over listDays on Market23 days509 5th St SE, Watertown, SD 57201
See all recently sold homes in 57201.
See listings
Schools in 57201
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Lincoln Elementary - 05 Public • K-4 | 338 Students | N/A |
7/10 Jefferson Elementary - 09 Public • K-4 | 361 Students | 1 reviews |
7/10 McKinley Elementary - 06 Public • PreK-4 | 234 Students | 3 reviews |
6/10 Watertown Intermediate School Public • 5-6 | 548 Students | N/A |
4/10 Waverly-South Shore Elementary - 02 Public • PreK-5 | 122 Students | 1 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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