Stillwater, Minnesota, renowned for its historic charm and scenic views along the St. Croix River, continues to attract homebuyers seeking a blend of tradition and modern amenities. Understanding the current real estate market is essential for both prospective buyers and sellers.
Current Market Overview
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 brisk market pace. The median listing price is $449,950, with 116 homes currently available for sale. Notably, the median sold price has risen by 20.27% year-over-year, reaching $528,000. These figures suggest a competitive market where well-priced homes are in demand.
Inventory and Demand
The market shows 116 homes for sale, supporting a balanced supply that helps buyers find suitable options without an overcrowded market. The median days on market have decreased by 10.81% year-over-year, now averaging 33 days. This trend underscores the importance of timely decision-making for buyers and strategic pricing for sellers.
Rental Market Insights
For those considering renting, the median rent in Stillwater is approximately $2,550 per month, with 13 rental properties currently available. The rental market has remained stable, offering predictable housing costs for renters.
Neighborhood Spotlight: Downtown Stillwater
Downtown Stillwater offers a unique blend of historic architecture and modern conveniences. The median sale price in this area is $430,000, with homes spending an average of 75 days on the market. This neighborhood provides opportunities for buyers seeking a vibrant community atmosphere.
Looking Ahead
While the market remains competitive, the slight increase in inventory and stable rental prices suggest a gradual move toward equilibrium. Prospective buyers should be prepared to act swiftly, and sellers can benefit from the current demand by pricing their homes appropriately.
Whether you’re looking to buy, sell, or rent in Stillwater, staying informed about market trends will help you make the best decisions in this dynamic real estate landscape.