County market report · FIPS 46029
Codington County, SD
Watertown, SD · Population 28,186 (Census V2020 est.)
Typical value
$335,543
Sep 2026
1M
-0.3%
3M
-0.4%
12M
+3.1%
5Y
+18.1%
10Y
+57.1%
From peak
-0.8%
Peak $338,226 · Apr 2026
Rank US / state
1427 / 25
by 12M change
Zillow Home Value Index
Source: Zillow Home Value Index (ZHVI), all homes, smoothed & seasonally adjusted · data through Sep 2026.
Inflection signal
Price-OnlyB · Early Warning
r3-0.37%p3-0.27%Acceleration-0.10ppMonths persisting4Evidence (Price-Only)59/100
Inventory, sales & days on market — Phase 2
Supply and demand confirmation is not yet available.
Yearly values (December)
| Year | ZHVI (Dec) | YoY change |
|---|---|---|
| 2025 | $330,530 | -0.7% |
| 2024 | $333,003 | +2.9% |
| 2023 | $323,621 | +0.3% |
| 2022 | $322,698 | +10.0% |
| 2021 | $293,341 | +15.8% |
| 2020 | $253,306 | +7.1% |
| 2019 | $236,577 | +4.7% |
| 2018 | $226,030 | +2.1% |
| 2017 | $221,326 | +2.4% |
| 2016 | $216,152 | +5.7% |
| 2015 | $204,583 | — |