Watergate is currently tilted toward sellers, with the market gauge indicating a seller's market. Active listings in the latest rolling three-month period are very limited at just three homes. New listings are also modest, with only three properties brought to market during this window.
Looking at prices, the median list price over the latest rolling three months reached about $623,700, up more than 11 percent compared with a year earlier. This follows a longer pattern of rising values, with median sale prices climbing from around $400,000–$440,000 in late 2022 and early 2023 to the mid-$500,000s and $600,000s more recently.
Inventory and transaction counts have fluctuated over the past few years, moving from five or six active listings at times down to just one, and home sales per quarter ranging from one to four. Days on market have also varied, at times stretching well over 70 days and at other points sitting closer to a month, showing how quickly conditions can shift in a small market like this. Because new and pending listings in the latest period match year-ago levels even as prices have risen, both buyers and sellers can benefit from an Agent Pronto–recommended agent to help them navigate today’s numbers and negotiate effectively.
