Is Stillwater, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Stillwater has remained a Seller's Market.
Key Takeaway
Stillwater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stillwater, MN
How much do homes in Stillwater, MN cost?
Median Sold Price
$433,825
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Stillwater have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in Stillwater was $433,825 in April 2024, down 11.5% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $458K | +10.4% |
| 2 Bedrooms | $330K | $295K | -10.6% |
| 3 Bedrooms | $400K | $380K | -5.0% |
| 4 Bedrooms | $557.5K | $558.5K | 0.2% |
| 5+ Bedrooms | $827.5K | $800K | -3.3% |
Summary: Stillwater housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Saint Joseph | $500K | $506.3K | +1.3% |
| Oak Park Heights | $367.2K | $339.9K | -7.4% |
| Stillwater Township | $488.5K | $434.9K | -11.0% |
| Stillwater | $490K | $433.8K | -11.5% |
Housing Supply in Stillwater, MN
How many homes are available in Stillwater, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 110 | 134 | +21.8% |
Summary: The Stillwater real estate market had 134 homes for sale in April 2024, a 21.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 26 | 32 | +23.1% |
| 4 Bedrooms | 37 | 49 | +32.4% |
| 5+ Bedrooms | 24 | 31 | +29.2% |
Summary: The Stillwater housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 29.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 34 | +30.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stillwater, expect to pay close to the asking price. 38.2% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in Stillwater in April 2024, up by 30.8% month-over-month. Of the 34 sold homes, 35% were sold under asking, 38% were sold at asking, and 26% were sold over asking.
Days on Market for Stillwater, MN
How long does it take to sell a home in Stillwater, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 32 Days | -4.6% |
Summary: Homes in Stillwater had an average of 32 days on market in Apr 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stillwater are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in Stillwater; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
