Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and scenic views along the St. Croix River. Understanding the current real estate market is essential for those considering a move or investment in the area.
Current Market Trends
As of April 2026, the average home value in Stillwater is approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a competitive market. The median listing price stands at $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 potential for sellers.
Rental Market Insights
For renters, the median rent in Stillwater is $2,550 per month, with 13 properties available for lease. This stability in rental prices offers predictability for those seeking housing in the area.
Market Dynamics
The Stillwater housing market is characterized by balanced supply and evolving pricing dynamics. With homes selling faster and inventory tightening compared to previous years, both buyers and sellers should be prepared for a competitive environment. Prospective buyers are advised to secure pre-approval and be ready to act swiftly, while sellers can benefit from the current demand by pricing their properties appropriately.
Staying informed about these trends will help individuals make well-informed decisions in Stillwater’s dynamic real estate market.