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Starting 2025: Insights into Stillwater's Real Estate Market

Richard McDonough
Jan 6 4 minutes read

As we step into the new year, the Stillwater real estate market offers a unique mix of opportunities and challenges, reflecting both stability and subtle shifts that are worth noting for buyers, sellers, and investors.

Current Market Snapshot

The median list price for single-family homes in Stillwater, MN, stands at $633,750, with inventory levels decreasing to 40 homes—a sign of tightening supply. The Market Action Index (MAI) hovers at 43, signaling a slight seller's advantage. While this isn’t a full-blown seller’s market, it's clear that demand continues to outpace supply.

Median days on the market (DOM) are 74, indicating moderate movement in the market, while higher-end properties are seeing extended timelines due to their unique positioning.

$633,750 

Median List Price

40 homes

Inventory

43

Market Action Index

74

Days on Market

Key Trends to Watch

1. Flat Pricing with Subtle Variations

While overall prices remain steady, the top quartile is experiencing some positive momentum. Conversely, the lower quartiles are showing slight pricing weaknesses. This divergence signals opportunities for buyers and sellers depending on their target market segment.

2. Price Per Square Foot Rising

At $255 per square foot, smaller homes have been pulling average values up despite stagnant overall prices. This is a result of limited inventory rather than widespread price increases.

3. Inventory Challenges

Declining inventory levels point to growing scarcity, particularly in certain price ranges. However, it's important to monitor the MAI and DOM trends closely to determine whether buyer interest aligns with available properties.

4. Market Segments Performing Differently

Properties priced over $1 million dominate the higher quartile, averaging 192 DOM, while more affordable homes are moving much faster. These dynamics highlight the importance of tailored strategies for buyers and sellers in different segments.

What This Means for Buyers and Sellers


For Sellers:

Leverage the slight seller’s advantage to price your home strategically. With demand strong across the board, particularly for move-in-ready properties, there’s potential for upward pricing pressure in the coming months.

For Buyers:

Don’t be discouraged by the seller's advantage. Inventory might be tight, but opportunities still exist, especially in lower quartiles where pricing adjustments could work in your favor.

For Investors:

Keep a close eye on the high-end market for signs of shifting trends. Extended DOM for luxury properties may present unique opportunities for negotiation.

Read More

Looking Ahead 

As 2025 unfolds, the Stillwater market is poised for continued evolution. Whether you're buying, selling, or investing, staying informed and working with an experienced real estate professional is key to navigating these conditions.

For a detailed report or personalized market insights, reach out anytime. I’m here to guide you through every step of your real estate journey.

Let's Talk!