Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and renters alike. Understanding the current real estate market dynamics is essential for those considering a move or investment in the area.
Current Market Trends
As of April 2026, the median home value in Stillwater stands at approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a competitive market. The median listing price is $449,950, with 116 homes currently available for sale. Notably, the median sold price has risen by 20.27% year-over-year, reaching $528,000. This suggests that homes are often selling above their listing prices, underscoring strong demand.
Rental Market Insights
For those considering renting in Stillwater, the market offers stability. The median rent is approximately $2,550 per month, with a 0% change year-over-year. This consistency provides renters with predictable housing costs, making Stillwater an attractive option for long-term tenancy.
Neighborhood Highlights
Stillwater boasts a variety of neighborhoods, each with its unique appeal. Downtown Stillwater, for instance, offers a blend of historic architecture and modern amenities. As of March 2026, the median sale price in this area was $430,000, a 21.6% decrease from the previous year. Homes here typically spend about 75 days on the market, suggesting a more balanced market compared to other parts of the city.
New Developments and Builders
For those interested in new constructions, Stillwater has several active builders specializing in high-quality residences that complement the city’s distinctive character. With five active builders currently operating in the area, buyers have focused but premium options for new construction homes.
Conclusion
Stillwater’s real estate market presents opportunities for both buyers and renters. With rising home values and a stable rental market, the city continues to be a desirable location for many. Prospective buyers and renters are encouraged to stay informed about market trends and consider their long-term goals when making housing decisions in this vibrant community.