Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and investors alike. Understanding the current real estate market dynamics is essential for those considering buying, selling, or renting in the area.
Current Market Trends
As of April 2026, the median home value in Stillwater stands at approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a brisk market pace. The median listing price is $449,950, with 116 homes currently available for sale. Notably, the median sold price has risen by 20.27% year-over-year, reaching $528,000. This suggests that homes are often selling above their listing prices, underscoring strong buyer demand.
Rental Market Insights
For those considering renting in Stillwater, the market offers a range of options. The average rent is approximately $2,291 per month, aligning closely with the national average of $1,930. This stability provides renters with predictable housing costs. Currently, there are 13 rental properties available, offering a variety of choices for prospective tenants.
Neighborhood Spotlight: Downtown Stillwater
Downtown Stillwater presents a unique real estate landscape. In March 2026, the median sale price for homes in this area was $430,000, marking a 21.6% decrease from the previous year. Homes in Downtown Stillwater typically spend about 75 days on the market, longer than the citywide average. This trend may offer opportunities for buyers seeking properties in this historic district.
Market Outlook
Looking ahead, the Stillwater housing market is expected to experience gradual stabilization. Home prices are forecasted to rise by 2-4% in 2026, reflecting a return to more normalized market conditions. Factors such as easing mortgage rates and improving inventory conditions contribute to this outlook. Additionally, strong homeowner equity supports price stability and strategic listing decisions.
In summary, Stillwater’s real estate market remains dynamic, characterized by rising home values and a competitive environment. Whether you’re considering buying, selling, or renting, staying informed about these trends will help you make well-informed decisions in this vibrant community.