Stillwater’s housing market is experiencing notable shifts, presenting both challenges and opportunities for buyers and sellers alike.
Current Market Trends
As of April 2026, the median listing price in Stillwater stands at approximately $449,950, reflecting a 24.94% decrease from the previous year. Conversely, the median sold price has risen by 20.27% year-over-year to $528,000, indicating strong demand and competitive bidding among buyers. Homes are spending a median of 33 days on the market, a 10.81% decrease from last year, suggesting a brisk market pace.
Inventory and Sales Activity
The market currently offers 116 homes for sale, marking a 15% increase in active listings compared to the previous year. This uptick in inventory provides buyers with more options, though the competitive nature of the market persists. Notably, the number of homes sold in March 2026 was 20, up from 18 in the same month last year, indicating steady sales activity.
Rental Market Insights
For renters, the median rent in Stillwater is approximately $2,550 per month, with no significant change from the previous year. This stability offers predictability for those considering renting in the area.
Implications for Buyers and Sellers
For prospective buyers, the combination of increased inventory and competitive pricing necessitates prompt decision-making and thorough market research. Sellers, on the other hand, can capitalize on the rising median sold prices and reduced days on market by strategically positioning their properties to attract motivated buyers.
Staying informed about these evolving trends is crucial for making well-informed real estate decisions in Stillwater’s dynamic market.