Stillwater, Minnesota, continues to be a focal point for both homebuyers and renters, with its unique blend of historic charm and modern amenities. Understanding the current housing market trends is essential for those looking to make informed decisions.
Current Home Prices and Market Trends
As of June 2026, the median listing price for homes in Stillwater stands at $632,450, reflecting a 9.08% increase from the previous year. The median sold price is $476,500, indicating a 12.57% decrease year-over-year. Homes are selling at approximately $241 per square foot, a 2.35% rise compared to last year. The median days on the market have decreased to 37 days, suggesting a brisk market pace.
Rental Market Insights
The rental sector in Stillwater is also experiencing notable changes. The median rent has risen to $2,575 per month, marking a 21.35% increase from the previous year. This uptick underscores a strong demand for rental properties in the area.
Inventory and Market Dynamics
Currently, there are 151 homes listed for sale in Stillwater, representing a 20.75% increase from the previous year. This rise in inventory provides more options for potential buyers. Despite the increased listings, the market remains competitive, with homes selling close to their listing prices.
Conclusion
Stillwater’s housing market is characterized by rising home values, increasing rental rates, and a competitive environment. Prospective buyers and renters should stay informed about these trends to make strategic decisions. Consulting with local real estate professionals can provide personalized insights tailored to individual needs.