Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and vibrant community. 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 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 competitive market. 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 demand.
Rental Market Insights
For renters, the median rent in Stillwater is approximately $2,550 per month, with 13 rental properties currently available. The rental market has remained stable, with no significant year-over-year changes in median rent. This stability offers predictability for those considering renting in the area.
Neighborhood Highlights
Downtown Stillwater offers a unique blend of historic architecture and modern amenities. The median sale price in this neighborhood is $430,000, with homes selling after an average of 75 days on the market. While this reflects a 21.6% decrease in median sale price compared to the previous year, it may present opportunities for buyers seeking value in a desirable location.
Market Outlook
The Stillwater real estate market is characterized by steady demand and competitive conditions. With homes selling relatively quickly and prices appreciating, both buyers and sellers should be prepared for a dynamic market environment. Prospective buyers are advised to act promptly when they find a suitable property, while sellers can anticipate favorable conditions to list their homes.
Whether you’re looking to buy, sell, or rent in Stillwater, staying informed about market trends will help you make well-informed decisions in this evolving landscape.