Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, offers a dynamic real estate market. This guide provides an overview of current housing trends, rental insights, and local developments to assist prospective buyers and renters.
Housing Market Overview
As of May 2026, the median sale price for homes in Stillwater is approximately $426,000, reflecting a 10.4% decrease compared to the previous year. Despite this decline, the market remains competitive, with homes typically selling in about 20 days. Notably, 56.3% of homes sold above the listing price, indicating strong buyer interest.
Rental Market Insights
The rental market in Stillwater is robust, with the average rent standing at $2,218 per month as of May 2026. This figure surpasses the national average of $1,951, highlighting the area’s desirability among renters.
Local Developments
Recent developments have further enhanced Stillwater’s appeal. For instance, the acclaimed Latin restaurant El Sazon expanded its presence by opening a new location in Stillwater in January 2025, contributing to the city’s vibrant culinary scene.
Conclusion
Stillwater’s real estate market offers a blend of historic charm and modern amenities. Whether you’re considering purchasing a home or seeking rental opportunities, staying informed about market trends and local developments is essential for making well-informed decisions.