Stillwater, Minnesota, offers a dynamic real estate market characterized by its historic charm and proximity to the St. Croix River. Whether you’re considering buying, selling, or renting, understanding the current market trends is essential.
Current Market Trends
As of mid-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 are selling above the list price, indicating strong buyer interest.
Rental Market Insights
For those exploring rental options, the average monthly rent in Stillwater stands at $2,240, which is higher than the national average of $1,965. This suggests a robust demand for rental properties in the area.
Local Developments
Stillwater continues to evolve with new developments enhancing its appeal. For instance, the acclaimed Latin restaurant El Sazon expanded to Stillwater, opening a new location in January 2025. Such additions contribute to the city’s vibrant community and can influence local real estate dynamics.
Conclusion
Whether you’re looking to buy, sell, or rent in Stillwater, staying informed about market trends and local developments is crucial. The city’s unique blend of historic allure and modern amenities makes it a compelling choice for many.