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 $426,000, reflecting a 10.4% decrease compared to the same period last year. Despite this dip, the market remains highly 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 monthly rent in Stillwater is approximately $2,218, which is higher than the national average of $1,951. This suggests a robust demand for rental properties in the area.
New Developments and Community Growth
Stillwater’s appeal is further enhanced by ongoing developments. For instance, the acclaimed Latin restaurant El Sazon expanded with a new location in Stillwater, opening on January 21, 2025. Such additions contribute to the town’s vibrant community and can influence local real estate dynamics.
Conclusion
Whether you’re considering purchasing a home or seeking rental opportunities, staying informed about Stillwater’s real estate trends is crucial. The town’s unique blend of historical significance and modern amenities continues to make it a desirable place to live.