Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, offers a dynamic real estate market that appeals to a diverse range of buyers and renters. This guide provides an overview of current market trends, rental insights, and neighborhood highlights to assist those considering making Stillwater their home.
Current Market Trends
As of mid-2026, Stillwater’s housing market exhibits a blend of stability and competitiveness. The median home value stands at approximately $452,749, reflecting a 3.9% increase over the past year. Homes typically go pending in around 11 days, indicating a brisk market pace. The median sale price is $404,683, with a median list price of $423,283, suggesting that properties are selling close to their asking prices. Notably, 37.2% of sales have been above the list price, underscoring strong buyer demand.
Rental Market Insights
For those interested in renting, Stillwater offers a variety of options. The average rent is approximately $2,218 per month, slightly above the national average of $1,951. This indicates a healthy demand for rental properties in the area, providing opportunities for both renters and investors.
Neighborhood Highlights
Stillwater boasts several neighborhoods, each with its unique character:
Downtown Stillwater
Known for its historic architecture and vibrant community, Downtown Stillwater has a median sale price of $400,000. Homes in this area typically sell after 14 days on the market, reflecting a competitive environment.
South Hill
South Hill offers a mix of historic and modern homes, appealing to those seeking a blend of old-world charm and contemporary amenities.
Pine Street West
This neighborhood is characterized by its tree-lined streets and family-friendly atmosphere, making it a popular choice for those seeking a suburban feel within close proximity to downtown.
Conclusion
Stillwater’s real estate market presents opportunities for both buyers and renters. With its rich history, diverse neighborhoods, and strong market indicators, Stillwater continues to be an attractive destination for those looking to call Minnesota home.