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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What Does This Mean for You?
For sellers, this is still an opportune time to capitalize on the market conditions. Buyers, on the other hand, may want to act soon, as declining inventory could lead to increased competition and upward pricing pressure in the near future.
I'll continue to monitor these trends closely. If you're interested in exploring how these conditions affect your buying or selling opportunities, don’t hesitate to reach out.
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