Stillwater’s housing market is experiencing notable shifts, presenting both challenges and opportunities for residents and prospective buyers.
Current Market Trends
As of April 2026, the average home value in Stillwater stands at $450,923, marking a 3.7% increase over the past year. Homes are typically going pending in approximately 25 days, indicating a brisk market pace. The median listing price is $449,950, with 116 homes currently available for sale. Notably, the median sold price has risen by 20.27% year-over-year to $528,000, suggesting strong demand and competitive bidding among buyers.
Rental Market Insights
For renters, the median rent in Stillwater is $2,550 per month, reflecting stability with no significant year-over-year change. This consistency offers predictability for those considering renting in the area.
Market Dynamics
The market is characterized by a balanced supply, with 116 active listings and 13 rental properties. Homes are selling faster, averaging 33 days on the market, a 10.81% decrease from the previous year. This trend underscores the importance of timely decision-making for buyers and sellers alike.
Looking Ahead
While the market remains competitive, the steady increase in home values and stable rental rates suggest a healthy real estate environment. Prospective buyers should be prepared for swift transactions, and sellers can anticipate favorable conditions. Staying informed about local market trends will be crucial for making well-informed decisions in Stillwater’s dynamic housing landscape.