Stillwater, MN Real Estate Listings & Homes for Sale

In November 2024, Stillwater experienced a notable surge in home prices, rising 20.0% year-over-year to a median price of $422K. Homes sold significantly faster, with an average of just 28 days on the market compared to 54 days in November 2023. Sales activity also increased, with 24 homes sold this November compared to 22 the previous year. These trends highlight strong buyer demand and a competitive market, where properties are moving quickly and fetching higher prices. This combination of rising values and faster sales underscores Stillwater's growing appeal among homebuyers.

The Stillwater housing market is moderately competitive. On average, homes sell within 27 days, typically for about 1% below the list price. Some properties receive multiple offers, and "hot homes"—those in high demand—can sell for approximately 1% above the asking price and go pending in as little as 14 days. This reflects a market where well-priced and desirable homes move quickly, while other properties may take slightly longer to find the right buyer.

In November 2024, Stillwater, MN, is a seller's market, indicating that the demand for homes exceeds the available inventory. This competitive environment benefits sellers, as buyers often face limited options and may need to make stronger offers to secure a property. For buyers, acting quickly and decisively is essential in navigating this high-demand market.