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 trends is essential for those considering making Stillwater their home.
Current Housing Market Trends
As of May 2026, the median sale price for homes in Stillwater stands at approximately $426,000, reflecting a 10.4% decrease compared to the same period last year. Despite this dip, the market remains competitive, with homes typically selling in about 20 days. Notably, 56.3% of homes sold above the listing price, indicating strong buyer interest.
Rental Market Insights
For those exploring rental options, the average rent in Stillwater is around $2,218 per month, slightly above the national average of $1,951. This suggests a steady demand for rental properties in the area.
New Developments and Community Growth
Stillwater’s appeal is further enhanced by ongoing developments. For instance, El Sazon, a renowned Latin restaurant, expanded its presence by opening a new location in Stillwater in January 2025, adding to the city’s vibrant culinary scene.
Additionally, the housing inventory remains tight, with only 51 homes available for sale as of May 2026. This limited supply underscores the importance of acting swiftly for prospective buyers.
Conclusion
Whether you’re considering purchasing a home or seeking rental opportunities, staying informed about Stillwater’s real estate trends is crucial. The city’s blend of historical allure and modern amenities continues to make it a desirable place to live.