Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and scenic beauty. Understanding the current housing market trends is essential for those considering a move or investment in the area.
Current Market Overview
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 relatively brisk market. The median listing price stands at $449,950, with 116 homes currently available for sale. The median sold price is notably higher at $528,000, suggesting that well-priced properties are in demand and often sell above the asking price.
Inventory and Sales Dynamics
The market has seen a 15% increase in active listings compared to the previous year, providing more options for buyers. However, the median days on market have decreased by 10.81% year-over-year to 33 days, highlighting the competitive nature of the market. In March 2026, 20 homes were sold, up from 18 in the same month last year, indicating steady demand.
Rental Market Insights
For those considering renting in Stillwater, the median rent is approximately $2,550 per month, with 13 rental properties currently available. This stability in rental prices offers predictability for tenants, while the limited number of rentals underscores the competitive nature of the rental market.
Neighborhood Spotlight: Downtown Stillwater
Downtown Stillwater offers a unique blend of historic architecture and modern amenities. As of March 2026, the median sale price in this area was $430,000, a 21.6% decrease from the previous year. Homes in Downtown Stillwater typically sell after 75 days on the market, compared to 44 days last year, indicating a shift towards a more balanced market in this neighborhood.
Conclusion
Stillwater’s housing market presents opportunities for both buyers and renters. With increasing inventory and stable rental prices, prospective residents can find options that suit their needs. Staying informed about local market trends will aid in making well-informed decisions in this dynamic real estate landscape.