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 landscape is essential for those considering making Stillwater their home.
Current Housing Market Trends
The Stillwater housing market has experienced notable shifts. As of June 2026, the median listing price stands at $632,450, reflecting a 9.08% increase year-over-year. However, the median sold price has decreased by 12.57% to $476,500, indicating a potential gap between seller expectations and buyer willingness. Homes are spending a median of 37 days on the market, suggesting a balanced pace in transactions.
Rental Market Dynamics
For those exploring rental options, Stillwater offers a range of choices. The median rent is $2,575 per month, marking a 21.35% increase from the previous year. This uptick underscores the growing demand for rental properties in the area.
New Developments and Community Growth
Stillwater’s commitment to community growth is evident in recent developments. Notably, El Sazon, a renowned Latin restaurant, expanded its presence by opening a new location in Stillwater in January 2025. This addition enhances the city’s culinary scene and reflects its evolving cultural landscape.
Conclusion
Stillwater’s real estate market presents a dynamic environment for both buyers and renters. Staying informed about market trends and community developments is crucial for making well-informed decisions in this vibrant city.