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 market is essential for those considering a move or investment in the area.
Current Market Trends
As of April 2026, the median home value in Stillwater stands at approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a competitive market. The median listing price is $449,950, with active listings totaling 116, marking a 15% increase year-over-year. Notably, the median sold price has risen by 20.27% to $528,000, suggesting strong demand and potential for sellers.
Rental Market Insights
For renters, the average monthly rent in Stillwater is $2,291, slightly above the national average of $1,930. This stability offers predictability for those seeking rental properties in the area.
Neighborhood Highlights
Downtown Stillwater presents a unique market dynamic. In March 2026, the median sale price was $430,000, a 21.6% decrease from the previous year. Homes in this area average 75 days on the market, up from 44 days last year, indicating a shift towards a more balanced market in this neighborhood.
Market Outlook
Looking ahead, the Stillwater housing market is expected to stabilize, with modest growth projected as mortgage rates ease and inventory conditions improve. Home prices are forecasted to rise by 2-4% in 2026, reflecting a return to more normalized market conditions. Affordability is improving as wage growth outpaces home price appreciation, and strong homeowner equity supports price stability.
For prospective buyers and renters, staying informed about these trends is crucial. Engaging with local real estate professionals can provide personalized insights and guidance tailored to individual needs.