Stillwater, MN Housing Market Report

This week at a glance

Eight properties went pending this week — including the Penthouse at 501 Main Street — while twelve new listings and four coming-soon properties entered the pipeline. In a zip code with 62 active listings, that pace tells you buyers aren't browsing; they're acting when the right property appears.

The Market Action Index eased to 46 from 51 last month. That's a slight cooling from peak intensity, but 46 remains solidly in seller's territory: demand continues to outpace supply, and well-prepared, well-priced homes are moving. Meanwhile, across the Twin Cities, closed sales of homes at $1 million and above are up 31% year-to-date — the buyer pool at the top of the market has deepened, and those buyers are closing.

Market segments at a glance

Not every price tier behaves the same way. Here's where each segment stands right now:

Understanding the Market Action Index

The Market Action Index (MAI), produced by Altos Research, measures the balance between demand — the rate at which homes are selling — and supply, the available inventory. A reading above 30 indicates a seller's market; below 30, a buyer's market. Because it moves before prices do, the MAI is one of the earliest reliable signals of where a market is heading. When the MAI climbs persistently, prices typically follow; when it falls into the buyer's zone and stays there, downward price pressure usually follows.

Stillwater's MAI has held in seller's territory throughout 2026, even as it has moderated from spring highs — a pattern consistent with a market that is normalizing in tempo without surrendering its fundamental supply-demand imbalance.

Frequently asked questions

Is Stillwater, MN a seller's market or a buyer's market right now?

As of August 10, 2026, Stillwater is a seller's market. The Market Action Index stands at 46 — comfortably above the 30 threshold — though it has eased from 51 a month ago.

What is the median home price in Stillwater, MN?

The median list price for single-family homes in Stillwater 55082 is $980,000, at $255 per square foot. New listings are entering at a median of $570,000.

How long do homes take to sell in Stillwater?

Median days on market is 49, with an average of 67. The fastest-moving tier — homes around $657,500 — is selling in a median of just 35 days.

How many homes are for sale in Stillwater right now?

There are 62 active single-family listings in the 55082 zip code. Inventory has risen through the summer, giving buyers more selection while conditions remain in seller's territory.

Is now a good time to sell a luxury home in the St. Croix Valley?

Conditions favor sellers of upper-bracket properties: Twin Cities closed sales of $1M+ homes are up 31% year-to-date, and Stillwater's MAI of 46 confirms a seller's market. An accurate, current valuation is the essential first step — most owners are working from a number that is more than a year old.

Weekly market update archive

Every weekly report is preserved here. Each includes the full segment analysis and that week's pending, new, and coming-soon activity.

• Stillwater Market Update — August 2, 2026Nine pendings · MAI 47 · RRising inventory alone does not signal a weakening market.
• Stillwater Market Update — July 26, 2026Eight pendings · MAI 47 · Right now, the honest reading of the data is: almost, but not quite
• Stillwater Market Update — July 19, 2026Nine pendings · MAI 48 · Twin Cities luxury closings up 31% YTD