Stillwater, Minnesota, renowned for its historic charm and scenic riverfront, continues to attract homebuyers and renters alike. Understanding the current real estate landscape is essential for those considering a move or investment in the area.
Current Housing Market Trends
As of mid-2026, the median home value in Stillwater stands at approximately $452,749, reflecting a 3.9% increase over the past year. Homes typically go pending in around 11 days, indicating a competitive market. The median sale price is $404,683, with a median list price of $423,283. Notably, 37.2% of sales have been above the list price, underscoring strong demand.
Rental Market Insights
For those considering renting, the average monthly rent in Stillwater is $2,218, which is higher than the national average of $1,951. This represents a 2.4% month-over-month increase, suggesting a steady rise in rental costs. Approximately 44% of apartments fall within the $1,501 to $2,000 per month range, offering a variety of options for prospective tenants.
New Developments and Housing Options
Stillwater’s housing landscape is diverse, featuring everything from historic Victorian homes to modern developments. For instance, Zvago Stillwater, a cooperative housing community for adults aged 62 and up, offers accessible single-level floor plans and over 6,000 square feet of common gathering spaces. This development caters to those seeking a vibrant and engaging lifestyle in their later years.
Additionally, the city has seen an increase in short-term rental listings, with 110 active listings averaging $38,200 in annual revenue. This indicates a growing interest in vacation rentals, which can be both an opportunity and a consideration for residents.
Conclusion
Stillwater’s real estate market is dynamic, with rising home values and rental rates reflecting its desirability. Whether you’re looking to buy, rent, or invest, staying informed about these trends will help you make the best decisions in this evolving market.