Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and scenic riverfront. Understanding the current real estate trends is essential for those considering entering this dynamic market.
Current Housing Market Trends
As of May 2026, the median sale price for homes in Stillwater was approximately $426,000, reflecting a 10.4% decrease compared to the same period last year. Despite this decline, the market remains competitive, with homes typically selling after 20 days on the market. Notably, 56.3% of homes sold above the listing price, indicating strong demand among buyers.
Rental Market Insights
The rental sector in Stillwater is also experiencing notable activity. The median rent stands at $2,600 per month, suggesting sustained demand for rental properties. This trend underscores the city’s appeal to a diverse range of residents, from young professionals to retirees.
New Developments and Housing Options
Recent developments are expanding housing options in Stillwater. For instance, Zvago Stillwater, a cooperative community for adults aged 62 and up, offers accessible single-level floor plans and over 6,000 square feet of common gathering spaces. Opened in January 2022, this community caters to those seeking a vibrant and engaging lifestyle in their later years.
Conclusion
Stillwater’s real estate market presents opportunities for both buyers and renters. With a range of housing options and a competitive market environment, prospective residents are encouraged to stay informed about current trends to make well-informed decisions.