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 trends is essential for those considering making Stillwater their home.
Current Housing Market Trends
The housing market in Stillwater has experienced notable shifts. As of May 2026, the median sale price of homes was $426,000, reflecting a 10.4% decrease compared to the previous year. Despite this decline, the market remains competitive, with homes typically selling after 20 days on the market, a slight improvement from 21 days the previous year. Additionally, the number of homes sold in May increased to 75 from 69 the prior year, indicating sustained buyer interest.
Rental Market Dynamics
For those considering renting in Stillwater, the market presents its own set of dynamics. The average rent stands at $2,218 per month, which is above the national average of $1,951. This suggests a strong demand for rental properties in the area, likely influenced by Stillwater’s desirable amenities and community atmosphere.
New Developments and Construction
Stillwater is witnessing growth in new home construction, with several builders actively developing properties that blend modern amenities with the city’s historic character. Notably, areas along the Highway 36 corridor and the Stillwater–Oak Park Heights border are seeing increased residential development, offering residents convenient access to both local attractions and the broader Twin Cities metro area.
Conclusion
Whether you’re looking to buy or rent, staying informed about Stillwater’s real estate trends is crucial. The city’s blend of historical significance and modern development continues to make it a sought-after location in Minnesota’s housing market.