Is Stillwater, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$447,166
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stillwater have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Stillwater was $447,166 in May 2024, down 6.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $370K | $461K | +24.6% |
| 2 Bedrooms | $321.2K | $308K | -4.1% |
| 3 Bedrooms | $399.9K | $380K | -5.0% |
| 4 Bedrooms | $552K | $570K | +3.3% |
| 5+ Bedrooms | $775K | $854K | +10.2% |
Summary: Stillwater housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Stillwater | $480K | $447.1K | -6.8% |
| Stillwater Township | $480K | $447.1K | -6.8% |
Housing Supply in Stillwater, MN
How many homes are available in Stillwater, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 132 | 164 | +24.2% |
Summary: The Stillwater real estate market had 164 homes for sale in May 2024, a 24.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 31 | 41 | +32.3% |
| 4 Bedrooms | 47 | 58 | +23.4% |
| 5+ Bedrooms | 31 | 38 | +22.6% |
Summary: The Stillwater housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 32.3%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 22.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stillwater, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Stillwater in May 2024, down by 8.8% month-over-month. Of the 31 sold homes, 52% were sold under asking, 16% were sold at asking, and 32% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 31 Days | +11.4% |
Summary: Homes in Stillwater had an average of 31 days on market in May 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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 May 2024, 31 homes were sold in Stillwater; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
