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 dynamics is essential for making informed decisions.
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 that while listing prices have adjusted downward, actual sale prices have increased, suggesting strong buyer demand. Homes are spending a median of 33 days on the market, a 10.81% decrease from the prior year, highlighting a competitive market environment.
Rental Market Insights
For those considering renting in Stillwater, the median rent is approximately $2,550 per month, with no significant change over the past year. This stability offers predictability for renters planning their housing budgets.
Neighborhood Spotlight: Downtown Stillwater
Downtown Stillwater presents unique opportunities for buyers and investors. In March 2026, the median sale price in this area was $430,000, a 21.6% decrease from the previous year. Homes in this neighborhood are spending an average of 75 days on the market, up from 44 days last year, indicating a shift towards a more balanced market.
Looking Ahead
While the market has experienced fluctuations, the enduring appeal of Stillwater’s historic architecture and vibrant community life continues to draw interest. Prospective buyers and renters should stay informed about market trends and consider consulting with local real estate professionals to navigate this evolving landscape effectively.