Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and investors alike. Understanding the current real estate market dynamics is essential for those considering entering this vibrant community.
Current Market Overview
As of April 2026, the median listing price in Stillwater stands at approximately $449,950, reflecting a 24.94% decrease from the previous year. Despite this decline, the median sold price has risen by 20.27% year-over-year, reaching $528,000. This indicates a competitive market where well-priced homes are in demand. Homes typically spend around 33 days on the market, a 10.81% decrease from the previous year, suggesting a brisk pace of sales.
Home Values and Sales Trends
The average home value in Stillwater is $450,923, marking a 3.7% increase over the past year. Homes generally go pending in about 25 days, underscoring the market’s competitiveness.
Rental Market Insights
For those considering renting, the average rent in Stillwater is $2,291 per month, slightly above the national average of $1,930. This represents a 0.9% month-over-month increase, indicating a stable rental market.
Neighborhood Highlights
Downtown Stillwater offers a unique blend of historic architecture and modern amenities. The median sale price in this area is $430,000, with homes spending an average of 75 days on the market.
Market Forecast
Looking ahead, the Stillwater housing market is expected to experience modest appreciation, with home prices forecasted to increase by 2-4% in 2026. Inventory growth of 5-10% is anticipated, providing improved selection without oversupply.
Conclusion
Whether you’re considering buying, selling, or renting in Stillwater, staying informed about market trends is crucial. The current landscape offers opportunities for both buyers and sellers, with a balanced market that caters to diverse needs. Engaging with local real estate professionals can provide personalized insights to navigate this evolving market effectively.