Stillwater, Minnesota, offers a unique blend of historic charm and modern amenities, making it an attractive destination for homebuyers and renters alike. Understanding the current real estate landscape is essential for making informed decisions.
Current Housing Market Trends
As of mid-2026, the Stillwater housing market exhibits the following characteristics:
- Median Home Value: The average home value stands at approximately $459,967, reflecting a 3.9% increase over the past year.
- Median Sale Price: Homes have been selling for a median price of $426,000, marking a 10.4% decrease compared to the previous year.
- Days on Market: Properties typically go pending in around 12 days, indicating a brisk market pace.
Rental Market Insights
For those considering renting in Stillwater:
- Average Rent: The median rent is approximately $2,575 per month, reflecting a 21.35% increase year-over-year.
- Rental Inventory: There are currently 12 rental properties available, a 42.86% decrease from the previous year, indicating a tightening rental market.
Local Developments and Neighborhood Highlights
Stillwater’s neighborhoods each offer distinct characteristics:
- Downtown Stillwater: Known for its historic architecture and proximity to the St. Croix River, this area has seen a median sale price of $400,000, a 31.8% decrease from the previous year.
- South Hill: A residential area offering a mix of historic and modern homes, appealing to families and professionals.
- Greeley: Known for its suburban feel and access to local parks, making it ideal for outdoor enthusiasts.
Considerations for Buyers and Renters
Prospective buyers and renters should consider the following:
- Market Competitiveness: With homes selling quickly and rental inventory decreasing, it’s crucial to act promptly when opportunities arise.
- Financial Planning: Given the median home value and rental rates, ensure your budget aligns with current market conditions.
- Neighborhood Preferences: Evaluate which neighborhood aligns best with your lifestyle and needs.
Staying informed about Stillwater’s real estate trends will empower you to make decisions that best suit your housing goals.