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 making Stillwater their home.
Current Housing Market Trends
As of May 2026, the median sale price for homes in Stillwater stands at approximately $426,000, reflecting a 10.4% decrease compared to the same period last year. Despite this dip, the market remains competitive, with homes typically selling after 20 days on the market. Notably, 56.3% of homes sold above the list price, indicating strong buyer interest. [1]
Rental Market Insights
The rental sector in Stillwater also shows significant activity. The average rent is around $2,218 per month, slightly above the national average of $1,951. This suggests a steady demand for rental properties, making it a viable option for those not ready to purchase a home. [2]
Local Development Projects
Stillwater is witnessing several development initiatives aimed at enhancing the community’s appeal. New residential projects are underway, offering modern amenities while preserving the town’s historic character. These developments cater to a diverse range of residents, from young professionals to retirees, contributing to the town’s dynamic growth.
Conclusion
Stillwater’s real estate market presents a blend of opportunities and challenges. While home prices have seen a recent decline, the market’s competitiveness and the town’s ongoing development projects underscore its enduring appeal. Prospective buyers and renters should stay informed about these trends to make well-informed decisions in this evolving landscape.