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 recent developments to assist those considering making Stillwater their home.
Current Housing Market Trends
As of mid-2026, Stillwater’s housing market exhibits a blend of stability and competitiveness. The median sale price of homes stands at approximately $426,000, reflecting a 10.4% decrease compared to the previous year. Despite this dip, the market remains active, with homes typically selling within 20 days. Notably, 56.3% of homes sold above the listing price, indicating strong buyer interest.
Rental Market Insights
For those exploring rental options, Stillwater presents a range of opportunities. The average monthly rent is around $2,218, slightly above the national average. This suggests a steady demand for rental properties, making it an attractive market for both tenants and investors.
Short-Term Rental Dynamics
Short-term rentals have also gained traction in Stillwater. With 115 active listings, the average annual revenue per listing is approximately $36,400. These properties maintain an average daily rate of $399 and an occupancy rate of 45%, highlighting the city’s appeal to visitors and the viability of short-term rental investments.
Local Development and Neighborhood Highlights
Stillwater’s neighborhoods each offer unique characteristics. Downtown Stillwater, for instance, has experienced a 31.8% decrease in median sale prices, now at $400,000. Homes in this area sell quickly, averaging 14 days on the market, underscoring the neighborhood’s desirability.
Recent developments, such as the expansion of acclaimed Latin restaurant El Sazon into Stillwater, reflect the city’s growing appeal and vibrant community life.
Conclusion
Whether you’re considering purchasing a home, seeking rental opportunities, or exploring investment options, Stillwater’s real estate market offers a variety of possibilities. Staying informed about market trends and local developments is essential for making well-informed decisions in this dynamic environment.