Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and investors alike. Understanding the current real estate market trends is essential for those considering buying, selling, or investing in the area.
Current Market Overview
As of mid-2026, Stillwater’s housing market exhibits a blend of stability and competitiveness. The average home value stands at approximately $459,967, reflecting a 3.9% increase over the past year. Homes typically go pending in around 12 days, indicating a brisk market pace.
In the Downtown Stillwater neighborhood, the median sale price is $400,000, marking a 31.8% decrease compared to the previous year. Despite this decline, homes in this area sell faster, averaging 14 days on the market, down from 49 days last year.
Inventory and Sales Dynamics
The market currently favors sellers, with inventory tightening compared to the previous year. There are 138 active listings and 59 pending sales, with homes averaging 30 days on the market before going under contract.
New Developments and Construction
Stillwater’s appeal is further enhanced by new construction projects. Several builders are active in the area, offering custom homes that blend modern amenities with the city’s historic character.
Conclusion
Stillwater’s real estate market presents opportunities for both buyers and sellers. Staying informed about market trends and developments is crucial for making well-informed decisions in this dynamic environment.