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 landscape is essential for those considering making Stillwater their home.
Current Housing Market Trends
The Stillwater housing market remains competitive. As of March 2026, the median sale price for homes reached $479,000, marking a 13.5% increase from the previous year. Homes are selling faster, averaging 21 days on the market compared to 62 days last year. Additionally, 50% of homes sold above the listing price, indicating strong demand.
Rental Market Insights
For those exploring rental options, the average rent in Stillwater stands at $2,291 per month, slightly above the national average of $1,930. This reflects the area’s desirability and the quality of available rental properties.
New Developments and Construction
Stillwater is experiencing growth with new residential developments. Five active builders are currently offering new construction homes, providing prospective buyers with modern housing options that complement the city’s historic character.
Conclusion
Whether you’re looking to buy or rent, Stillwater’s real estate market offers a blend of historic charm and modern amenities. Staying informed about market trends and new developments will help you make the best decision for your housing needs.