Stillwater’s housing market is experiencing notable shifts, presenting both challenges and opportunities for buyers, sellers, and renters.
Home Prices and Sales 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 around 25 days, indicating a brisk market pace. The median listing price is $449,950, reflecting a 24.94% decrease year-over-year, while the median sold price has risen by 20.27% to $528,000. This divergence suggests that homes are selling above their listing prices, underscoring strong buyer demand.
Inventory and Market Dynamics
The market currently features 116 homes for sale, with active listings increasing by 15% compared to the previous year. Despite this uptick, inventory remains relatively tight, contributing to competitive conditions. The median days on market have decreased by 10.81% year-over-year to 33 days, further highlighting the market’s dynamism.
Rental Market Insights
For renters, the median rent in Stillwater is $2,550 per month, with no significant change over the past year. This stability offers predictability for those considering renting in the area.
Implications for Stakeholders
For prospective buyers, the competitive market necessitates prompt decision-making and readiness to act swiftly. Sellers can leverage the strong demand to potentially secure favorable sale prices. Renters benefit from stable rental rates, providing a consistent housing cost environment.
Staying informed about these evolving trends is crucial for making well-informed real estate decisions in Stillwater’s dynamic market.