Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract a diverse range of homebuyers and renters. Understanding the current real estate market dynamics is essential for those looking to navigate this evolving landscape.
Current Market Trends
As of April 2026, the median listing price for homes 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 market where well-priced homes are in demand, often selling above the asking price. The median price per square foot is $239, a slight decrease of 2.45% from last year. Homes are spending a median of 33 days on the market, suggesting a relatively brisk pace of sales.
Inventory and Demand
The housing inventory in Stillwater comprises 116 active listings, marking a 15% increase from the previous year. This uptick provides buyers with more options, yet the market remains competitive. The average home value is $450,923, up 3.7% over the past year, with properties typically going pending in around 25 days.
Rental Market Insights
For those considering renting in Stillwater, the median rent is approximately $2,550 per month, with no significant change from the previous year. This stability offers renters predictable housing costs in a market that has seen fluctuations in home prices.
Neighborhood Highlights
Downtown Stillwater presents unique opportunities for buyers and renters alike. The median sale price in this area is $430,000, a 21.6% decrease from the previous year. Homes here have a median price per square foot of $291 and typically spend 75 days on the market.
Looking Ahead
While the Stillwater real estate market has experienced shifts in listing and sale prices, the overall demand remains strong. Buyers may find opportunities in the increased inventory and adjusted prices, while sellers can benefit from the continued interest in the area. Renters can appreciate the stability in rental costs. As always, consulting with local real estate professionals can provide personalized insights tailored to individual needs.