Stillwater Real Estate Market Update – February 3, 2025
Richard McDonough
This past week, Stillwater's real estate market has shown steady momentum with continued signs of strength for sellers. The Market Action Index, a key gauge of market conditions, rose to 44, signaling a slight seller's advantage. This increase reflects sustained high demand relative to limited supply.
Warming Temps and Market Trends: A Fresh Start for Real Estate?
As we emerge from the deep freeze, the Stillwater real estate market is showing signs of activity—and perhaps a hint of thawing. With low inventory levels and a slight seller’s advantage, 2025 could be the year for strategic moves in our local market.
Here’s this week’s breakdown of market activity in Stillwater, MN 55082:
$674,900
Median List Price
33 homes
Inventory
$270
Price per sqft
127
Median DOM
Key Market Metrics
Median Prices:
- The median list price stands at $674,900.
- New listings came in slightly lower at a median price of $611,950.
- Price per square foot reached $270, reflecting solid property value retention.
Inventory:
Active inventory dropped to just 33 homes, highlighting tight supply conditions.
Days on Market (DOM):
The average DOM is now 127 days, with a median of 70 days. Properties are moving more slowly in higher-priced segments but remain competitive overall.
What’s Happening by Market Segment?
Higher-priced homes in the market are showing resilience, possibly setting the stage for price gains across all segments if the upward pressure persists. Lower-priced homes, however, have yet to reflect this momentum fully. Historically, a strong top-tier market often trickles down to other segments in the weeks ahead.
Pricing Trends:
A significant portion (36%) of properties saw price decreases, while there were no price increases reported. Relistings accounted for 9% of inventory turnover.
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