Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and renters alike. Understanding the current real estate landscape is essential for those considering a move or investment in the area.
Current Housing Market Trends
The Stillwater housing market remains competitive. As of March 2026, the median sale price for homes reached $479,000, marking a 13.5% increase from the previous year. Homes are selling faster, with an average of 21 days on the market, down from 62 days last year. Additionally, 50% of homes sold above the listing price, indicating strong demand.
Rental Market Dynamics
For renters, the average monthly rent in Stillwater stands at $2,291, slightly above the national average of $1,930. This reflects the area’s desirability and limited rental inventory.
New Developments and Neighborhood Insights
Downtown Stillwater has experienced a shift, with the median sale price decreasing by 21.6% to $430,000 as of March 2026. Homes in this area now average 75 days on the market, up from 44 days the previous year.
Prospective buyers and renters should consider these trends when exploring options in Stillwater. Engaging with local real estate professionals can provide personalized insights and guidance tailored to individual needs.