Market Update: May 2024 | Stillwater and Hudson Area 

Welcome to our May 2024 market update! In this video, we dive into the latest real estate trends in the Stillwater and Hudson areas, focusing on year-to-year data from May 2024 to May 2023, and month-to-month changes from April 2024 to May 2024.

New Listings: We’ve seen a significant increase in new listings, which is great news for buyers. New listings are up 23.30% since May 2023, and we’ve also experienced a 16.04% increase since April 2024. This surge in new listings indicates a healthy, active market with more options available for prospective buyers.

Price Changes: Prices have been on the rise, reflecting the high demand in our market. We’ve observed an 8.08% increase in prices since April 2024. When compared to May 2023, prices have increased by 1.93%. These changes suggest that our market is growing steadily, and property values are appreciating, which is positive news for sellers and investors.

Average Days to Sell in May:

• Stillwater School District: 53 days
• Hudson School District: 44 days
• Combined Average: 48.5 days

The average days to sell a home in May varied between the two school districts, with homes in the Hudson School District selling faster than those in the Stillwater School District. On average, homes are selling in about 48.5 days, which indicates a relatively brisk market.

As we continue to monitor these trends, it’s essential for buyers, sellers, and investors to stay informed and adapt to the evolving market conditions. This data provides a valuable snapshot of our local real estate market. Whether you’re looking to buy, sell, or invest, understanding these trends will help you make informed decisions.

We are here to guide you every step of the way. If you need specific statistics or have any questions about your area, please reach out to us. We’re dedicated to providing you with the most accurate and up-to-date information.