The real estate market in Stillwater, MN continues to show strong seller activity, with new listings coming on and selling quickly. Although inventory appears to be holding steady at 32 active listings, this number represents what is left over, as many homes are selling soon after hitting the market. Here's a summary of key highlights and trends:
$692,500
Median List Price
32 homes
Inventory
$46
Market Action Index
67
Median DOM
Driving the Market Action Index higher for several weeks and with the market favoring sellers, prices may continue to rise if this trend continues.
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Key Market Metrics
- Median List Price: $692,500
- Median Price for New Listings: $449,950
- Average Days on Market: 113 (Median: 67)
- Market Action Index: 46 (Strong Sellers Market)
What’s Happening by Market Segment?
Price Stability: Prices in Stillwater have remained steady, but with inventory tightening, we could see appreciation continue.
Market Strength: The Market Action Index has increased from 43 to 46, showing stronger demand.
Inventory Movement: New listings are being absorbed rapidly, meaning the properties still available are those that have been on the market longer.
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What Does This Mean for You?
For Sellers: With demand continuing to outpace supply, this remains a great time to list your home. Pricing remains steady, and as the Market Action Index continues to rise, we may see upward pressure on prices.
For Buyers: The market is moving quickly, and well-priced homes are getting snapped up. With median new listing prices at $449,950, buyers should be prepared to act fast when they find the right property.
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