Stillwater, Minnesota, continues to be a focal point for homebuyers and investors, with its unique blend of historic charm and modern amenities. Understanding the current real estate trends is essential for those looking to navigate this dynamic market.
Current Market Trends
As of mid-2026, the Stillwater housing market exhibits notable activity:
- Median Sale Price: The median sale price of homes in Stillwater is approximately $426,000, reflecting a 10.4% decrease compared to the previous year. This decline may present opportunities for buyers seeking value in the market.
- Days on Market: Homes are selling faster, averaging 20 days on the market, down from 21 days last year. This indicates a competitive environment where well-priced properties move quickly.
- Inventory Levels: The market has tightened, with only 1.5 months of supply available. This limited inventory can lead to increased competition among buyers.
Neighborhood Highlights
Different areas within Stillwater are experiencing varied trends:
- Downtown Stillwater: The median sale price here is around $400,000, a significant 31.8% decrease from the previous year. Homes in this area are selling in approximately 14 days, indicating strong demand despite the price drop.
- Staples & Mays: This neighborhood has seen a remarkable 60.3% increase in median sale price, reaching $469,000. Such growth suggests a rising interest in this area.
New Developments
Stillwater is witnessing new residential developments, particularly along the McKusick Road and Neal Avenue corridor. These areas offer build-on-your-lot opportunities and proximity to natural amenities like McKusick Lake, appealing to those seeking custom homes in growing neighborhoods.
Market Outlook
Looking ahead, the Stillwater housing market is expected to stabilize, with modest price increases projected as mortgage rates ease and inventory conditions improve. The market’s fundamentals, including sustained buyer demand and strong homeowner equity, suggest continued resilience.
For prospective buyers and sellers, staying informed about these trends is crucial. Engaging with local real estate professionals can provide personalized insights and guidance tailored to individual needs.