Stillwater, MN Real Estate Market Update — Week of March 29, 2026 What Every Buyer and Seller Needs to Know Right Now

Spring has arrived in Stillwater, Minnesota — and with it, one of the most dynamic and unpredictable real estate markets I've seen in years. As your local luxury real estate expert with boots on the ground every single week, I want to give you a transparent, data-driven look at exactly what's happening right now in the 55082 zip code — and what it means for you.

Here's what the numbers are telling us this week for single-family homes in Stillwater, MN 55082:

Additionally, this week brought:

🔜 3 Coming Soon listings

🆕 9 New Listings

⏳ 7 Homes Gone Pending

The Market Action Index (MAI) is one of the most reliable indicators I use to gauge real-time supply and demand. This week, Stillwater's MAI sits at 48, up from 41 last month — a meaningful jump that signals the market is heating up, not cooling down.

An MAI above 30 favors sellers. At 48, we are firmly in Strong Seller's Market territory. Inventory has fallen to just 30 homes, and the combination of shrinking supply with sustained buyer demand is keeping upward pressure on prices.

Price per square foot is also trending upward at $278, and when list prices and price-per-square-foot rise in tandem — as they are right now — history shows us this is often a window for short-term opportunity, both for sellers looking to maximize equity and buyers looking to get in before values climb further.

Let me be real with you, because that's what you deserve from your real estate advisor.

We are in the middle of our spring market — typically the most active season in Stillwater real estate — but the backdrop is anything but typical. Interest rates have ticked back up. Fuel prices are climbing. Global economic uncertainty is creating hesitation in some corners of the market.

Could this lead to inflation? Possibly. Could rates go higher? That's a real scenario on the table. But here's what I've learned over my career: the people who wait for "perfect" market conditions often miss the best windows entirely.

Here's the opportunity hiding inside the uncertainty:

Inventory is at just 30 homes. There are buyers in this market right now. If rates rise further, buyer purchasing power shrinks — and so does your pool of qualified buyers. Listing now, before that shift, puts you ahead of the curve and in front of motivated, serious buyers.

Every week you wait is another week of potential appreciation you don't capture. If you've been dreaming about that Stillwater home — the one with the acreage, the views, the character — this spring market, with its current inventory, is giving you real options. Options that may look very different six months from now.

The Stillwater market is beautifully layered, and understanding the segments helps you see where opportunity lives:

The entry-level and lower-mid segments are moving fast — 14 and 49 days on market respectively. The luxury tier is seeing longer market times, which creates negotiating opportunities for well-qualified buyers who are ready to move.

I'm Richard McDonough, Luxury Broker with Lakes Sotheby's International Realty. I've built my career on one principle: Experience that Makes a Difference. In a market this nuanced — where the difference between the right pricing strategy and the wrong one can mean tens of thousands of dollars — having a broker who reads the data, knows the neighborhoods, and tells you the truth matters more than ever.

Sotheby's International Realty gives my clients access to a global network of qualified luxury buyers, unmatched marketing, and a brand that commands attention in every price segment.

Whether you're ready to list, ready to buy, or just want to understand what your Stillwater home is worth in today's market, I'm here.

📞 612-819-3518
📧 [email protected]
🔗 View Current Stillwater Listings

Richard McDonough | Luxury Broker | Lakes Sotheby's International Realty | Stillwater, MN