Stillwater’s real estate market is experiencing notable shifts, presenting both challenges and opportunities for buyers, sellers, and renters.
Current Market Trends
As of June 2026, the median listing price for homes in Stillwater stands at $632,450, reflecting a 9.08% increase over the past year. However, the median sold price has decreased by 12.57% to $476,500, indicating a potential gap between seller expectations and buyer willingness. Homes are spending an average of 37 days on the market, a slight improvement from the previous year. The market remains competitive, with 151 active listings and 12 homes available for rent. The median rent has risen to $2,575 per month, a 21.35% increase year-over-year, suggesting strong demand in the rental sector.
Neighborhood Spotlight: Downtown Stillwater
In Downtown Stillwater, the housing market has seen significant changes. Over the three months ending May 2026, the median sale price was $400,000, a 31.8% decrease compared to the same period last year. Homes in this area are selling faster, with an average of 14 days on the market, down from 49 days the previous year. This rapid turnover indicates a high demand for properties in the downtown area.
Rental Market Insights
The rental market in Stillwater is also evolving. The average rent is $2,240 as of June 30, 2026, slightly above the national average of $1,965. This represents a month-over-month decrease of 0.9%, suggesting a potential stabilization in rental prices after a period of growth.
Looking Ahead
While the market presents opportunities, it’s essential for participants to stay informed and adapt to the changing landscape. Consulting with local real estate professionals can provide valuable insights tailored to individual needs.