Knowledge of soil water content (SWC) dynamics within soil profiles is crucial for the effective management of water and soil resources. This study aims to clarify the temporal variability and stability of SWC in a forested critical-zone experimental catchment, and further to improve the understanding of the temporal and spatial distribution of soil water in a typical hilly catchment in eastern China. The selected Nandadish (NDD) catchment covering 0.79 ha was instrumented with 34 SWC monitoring sites using Frequency Domain Reflectometry. The consecutive high-resolution monitoring data of soil water at different depths of the sites were collected from January 2017 to December 2019. The results showed that the SWC of the shallow layer (0–30 cm) had the strongest variability over time during the three hydrologic years. The interannual variability of SWC showed the opposite regularity with that of the seasonal variability. Specifically, the spatial variability of SWC in the dry years was greater than that in wet years; whilst the temporal stability of SWC in dry seasons was greater than that in rainy seasons. Precipitation and temperature were the two dominant factors influencing the temporal variation of SWC. Precipitation controlled the interannual variation of SWC, while temperature controlled the seasonal variation of SWC. Additionally, soil water had high temporal stability throughout the observation period in NDD catchment, and the most representative point was located at a relatively flat and central place, which can be used to simulate the variability of SWC under different rainfall conditions in the study area. The temporal stability of SWC patterns was controlled by topography, geographic location, throughfall, and the groundwater level in the study area, which was characterized by sloping terrain and forested cover. This research provides scientific bases for the optimum design of ground sampling, and the temporal and spatial prediction for soil moisture in a typical eastern hilly area with forest land uses.