As the weather starts to thaw and the deep freeze loosens its grip, it’s the perfect time to check in on the local real estate market. Will the warmth outside spark some heat in the market? With low inventory levels and a slight seller’s advantage, 2025 could be the year for strategic moves in our local market .Let’s dive into the latest data and see what’s happening.
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:
$759,900
Median List Price
39 homes
Inventory
43
Market Action Index
77
Median DOM
Key Market Metrics
- Median List Price: $759,900
- Median Price of New Listings: $694,900
- Price Per Square Foot: $264
- Median Days on Market: 77
- Inventory: 39 single-family homes
- Market Action Index (MAI): 43 (Slight Seller’s Advantage)
The Market Action Index, which measures buyer demand relative to supply, has ticked up slightly from last month (42 to 43), signaling ongoing stability with a tilt toward sellers. However, inventory continues to shrink, a trend worth watching closely as it could drive further price increases if demand persists.
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What’s Happening by Market Segment?
- High-End Homes: Median price of $1,843,000, averaging 126 days on the market.
- Mid-Tier Homes (Quartile 2): Median price of $1,044,000, with an average of 70 days on the market.
- Affordable Homes (Quartile 4): Median price of $364,950, with faster absorption rates compared to higher-priced tiers.
Market Narrative
The current market has reached a relative balance, with low inventory keeping sellers in control. While pricing remains steady for now, any uptick in demand could push prices higher.
Conversely, longer days on market in higher price tiers might indicate caution among buyers at the top end.
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What Does This Mean for You?
For Sellers:
Now’s the time to take advantage of low inventory. Proper pricing and professional marketing can help you stand out and attract motivated buyers.
For Buyers:
The slight seller’s market means competition, but opportunities exist—especially in the mid to lower price ranges. Staying informed and prepared is key.
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