Stillwater, MN Weekly Market Update - February 10, 2025
Richard McDonough
This week, the Stillwater real estate market continues to demonstrate resilience despite the fresh snowfall interest rates are not the problem lack of inventory is holding everyone back. Here's a summary of key highlights and trends:
$674,900
Median List Price
33 homes
Inventory
$270
Price per sqft
70
Median DOM
Inventory constraints remain the dominant market driver. Newly listed properties are selling quickly, showing that buyer demand is still outpacing supply. As the spring market nears, this momentum is likely to increase, leading to upward pressure on prices if the trend holds steady.
Key Market Metrics
- Median List Price: $674,900
- Median Price for New Listings: $611,950
- Inventory: Only 33 single-family homes available
- Market Action Index: 44, indicating a slight seller's advantage
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What’s Happening by Market Segment?
- Price per Square Foot: $270
- Average Days on Market: 127
- Median Days on Market: 70
Overall, we’re seeing strength in the upper price tiers, which could signal growth opportunities across all market segments. Homeowners considering selling this spring might want to act soon to capitalize on these conditions.
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