Stillwater, Minnesota, offers a dynamic real estate market characterized by its historic charm and scenic St. Croix River views. Whether you’re considering buying, selling, or renting, understanding the current market trends is essential.
Current Market Overview
As of mid-2026, the median home value in Stillwater stands at approximately $459,967, reflecting a 3.9% increase over the past year. Homes typically go pending in around 12 days, indicating a competitive market. The median sale price is $401,350, with a median list price of $431,650. Notably, 53.2% of sales have been above the list price, underscoring strong buyer demand.
Rental Market Insights
For those interested in renting, the average monthly rent in Stillwater is $2,240, slightly above the national average of $1,965. This suggests a robust rental market, appealing to both tenants and investors.
Neighborhood Highlights
Stillwater boasts diverse neighborhoods, each offering unique living experiences. Downtown Stillwater, for instance, has a median sale price of $400,000, with homes selling after an average of 14 days on the market. This area is known for its vibrant community and proximity to local amenities.
Market Dynamics
The housing market in Stillwater is characterized by limited inventory and sustained buyer interest. With only 1.5 months of supply, sellers are in a favorable position, often receiving multiple offers. The sale-to-list price ratio is 101.94%, indicating that homes are selling above their asking prices.
Looking Ahead
Projections for 2026 suggest a gradual stabilization of the housing market, with home prices expected to rise between 2-4%. This anticipated growth reflects a return to more normalized market conditions, offering opportunities for both buyers and sellers.
In conclusion, Stillwater’s real estate market presents a compelling landscape for prospective homeowners, sellers, and renters. Staying informed about current trends and neighborhood specifics will aid in making well-informed decisions in this dynamic market.