Spring has arrived in Stillwater, Minnesota, bringing warmer weather, melting ice on the St. Croix River, and increased real estate activity. Families are enjoying Spring Break adventures on ski slopes, sunny beaches, and other exciting destinations.
This week's Stillwater real estate market continues to favor sellers strongly, with a median list price of $1,055,000, slightly up from last week's figures. Current market activity indicates an inventory increase, now standing at 41 active listings, signaling that home sellers are preparing for a busy spring home-selling season.
Notable real estate metrics in Stillwater include:
•Median price of new listings: $1,077,500
•Average price per square foot: $286
•Median days on market: 49 days
•Percentage of homes with price decreases: 24%
•Homes relisted: 15%
What Does This Mean for You?
Market activity remains robust, reflected in the Altos Research Market Action Index at 46, firmly in the strong seller's market territory. Although the market is experiencing slight cooling, prices remain stable. Buyers should act swiftly to capitalize on current market conditions before potential future price adjustments.
Stay informed about upcoming listings and real estate trends in Stillwater, MN, as we enter an active spring season. Whether buying or selling, market knowledge makes a difference in today's competitive real estate landscape.
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