Watertown, MA Local Area Information

About Area

Archeological evidence suggests that Watertown was inhabited for thousands of years before the arrival of settlers from England. Two Native American tribes, the Pequossette and the Nonantum, had settlements on the banks of the river later called the Charles.[2] The Pequossette built a fishing weir to trap herring at the site of the current Watertown dam. The annual fish migration, as both alewife and blueback herring swim upstream from their adult home in the sea to spawn in the fresh water where they were hatched, still occurs every spring.[3] Watertown, first known as Saltonstall Plantation, was one of the earliest of the Massachusetts Bay settlements. It was begun early in 1630 by a group of settlers led by Sir Richard Saltonstall and the Rev. George Phillips and officially incorporated that same year. The alternate spelling "Waterton" is seen in some early documents.[4] The first buildings were upon land now included within the limits of Cambridge known as Gerry's Landing. For its first quarter century Watertown ranked next to Boston in population and area. Since then its limits have been greatly reduced. Thrice portions have been added to Cambridge, and it has contributed territory to form the new towns of Weston (1712), Waltham (1738), Belmont (1859), and Lincoln (1754). In 1632 the residents of Watertown protested against being compelled to pay a tax for the erection of a stockade fort at Cambridge; this was the first protest in America against taxation without representation and led to the establishment of representative government in the colony. As early as the close of the 17th century Watertown was the chief horse and cattle market in New England and was known for its fertile gardens and fine estates. Here about 1632 was erected the first grist mill in the colony, and in 1662 one of the first woolen mills in America was built here. Courtesy of http://en.wikipedia.org

Real Estate Market Stats

Zillow Home Value Index: $576,300

Zillow Home Value Index

Owners vs. Renters

Home Size in Square Feet

Year Built

Local National
Zillow Home Value Index $576,300 $216,700
Median Single Family Home Value $676,800 $215,800
Median Condo Value $502,500 $227,800
Median 2-Bedroom Home Value $501,100 $166,300
Median 3-Bedroom Home Value $640,300 $209,300
Median 4-Bedroom Home Value $736,700 $337,000
Percent Homes Decreasing 21.5% 33.5%
Percent Listing Price Reduction 88 0
Median List Price Per Sq Ft $438 $134
Median List Price $559,000 $275,000
Median Sale Price $512,000 $230,800
Homes For Sale 88 2,657,311
Homes Recently Sold 88 2,657,311
Property Tax $5,269 $2,147
Turnover (Sold Within Last Yr.) 0.1% 2.9%
Median Value Per Sq Ft $438 $150
1-Yr. Change 4.6% 6.5%
Homes For Sale By Owner 4 112,180
New Construction 0 210,449
Foreclosures 0 13,769

Neighborhoods in Watertown, MA

Walk Score

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