Stillwater, MN Real Estate Market Update – March 10, 2025

Community Spotlight: Congrats to the Ponies Hockey Team!

Before diving into this week’s Stillwater MN real estate market update, let’s take a moment to celebrate the Stillwater Ponies Hockey Team for their outstanding performance in the Minnesota State Hockey Tournament! Your hard work, determination, and sportsmanship have made the entire community proud.

With last week’s midweek snowstorm bringing 11 inches of snow and the excitement of the state hockey tournament, we saw a lower influx of new listings in the Stillwater housing market. However, activity remains steady, and sellers still hold a slight advantage.

Stillwater MN Housing Market Trends - March 2025

If you've been asking, "How’s the housing market in Stillwater MN?", here’s what you need to know:

📌 Median List Price: $949,000

📌 Median Price of New Listings: $700,000

📌 Price per Sq. Ft.: $264

📌 Average Days on Market: 86

📌 Median Days on Market: 42

📌 Price Decreases: 20% of listings

📌 Price Increases: 0%

📌 Relisted Homes: 16%

📌 Current Inventory: 45 homes

📌 Median Rent: $3,000

📌 Market Action Index: 43 (Slight Seller’s Advantage)

🏡 Market Segments: Stillwater Homes for Sale

Each quartile of the market presents unique opportunities for buyers and sellers:

🏡 Luxury Homes in Stillwater MN ($1.8M+) – Expansive estates on 2.5–5 acres, averaging 6,055 sq. ft., with 5 beds & 5 baths.

🏡 Upper Market ($1.1M–$1.8M) – Spacious homes on 0.5–1 acre lots, featuring 4 beds, 4 baths, and modern designs.

🏡 Mid-Range Market ($685K–$1.1M) – Homes around 3,200 sq. ft., often with larger lots, great for families looking for space.

🏡 Entry-Level Homes ($432K–$685K) – More affordable options with 1,734 sq. ft. homes on smaller lots, ideal for first-time buyers or downsizers.

📊 Looking Ahead: What’s Next for the Stillwater MN Real Estate Market?

📉 The Market Action Index dropped slightly from 46 to 43, signaling a possible shift toward a neutral market. While we're still in a Slight Seller’s Market, if demand continues to cool, home prices may adjust downward in the coming months.

📈 However, Stillwater home values remain strong, particularly in the luxury home segment, where demand remains steady. If you’ve been waiting to make a move, now is the time to get ahead of the market changes.

📢 Thinking About Selling? Get a Free Home Valuation Today!

🏡 Stillwater home prices remain high, but a market shift is on the horizon. If you’re wondering, “How much is my Stillwater MN home worth?”, let’s schedule a quick chat!

📞 Call/Text: 612-819-3518

📧 Email: [email protected]

💻 Visit: www.richardmcdonough.com