Morning light off the St. Croix River, coffee shops opening along Main Street, and a short drive up Highway 36 toward St. Paul. That’s the daily rhythm buyers picture when they start looking at living in Stillwater. The housing inventory reflects that pace, too—historic Victorians close to downtown, riverfront properties with water views, and newer Craftsman-style homes in growing areas like Liberty on the Lake.
Active MLS listings here change quickly. New listings can appear overnight, open houses fill weekend calendars, and price reductions tend to show up on homes that miss the first wave of interest. A quick check of on-market properties each morning makes a difference. Especially here.
Search live homes for sale using a constantly refreshed NorthstarMLS feed. Active listings update throughout the day, so you’ll see new listings as soon as they hit the market, along with open houses, price changes, and full MLS listing details. From historic homes near Main Street to newer construction in Liberty on the Lake, the inventory spans multiple price points and architectural styles.
As you narrow options, focusing on specific neighborhoods often helps buyers compare pricing patterns, lot sizes, and how quickly homes tend to move.
Listings are subject to the Fair Housing Act and NorthstarMLS rules.
Richard McDonough is a Global Real Estate Advisor with Lakes Sotheby’s International Realty, based at 124 N Main St in downtown Stillwater. A fourth-generation resident with over 33 years of experience, he brings deep local context to buyers navigating everything from riverfront estates along the St. Croix to properties inside the Historic Residential District.
Richard has closed more than 450 career transactions and specializes in historic homes, luxury waterfront properties, and executive residences throughout the St. Croix Valley. Buyers working with him benefit from long-standing relationships, clear guidance on zoning and preservation rules, and insight into how specific streets and neighborhoods perform when new listings come to market.
With inventory sitting at 1.8 months, the Stillwater housing market continues to favor sellers, but the details matter. Homes that are well-priced and show well tend to move inside the 35-day average, while listings lingering past 40 days often see price reductions. Buyers who tour early, watch MLS listings daily, and focus on one or two target areas usually spot the best opportunities before competition stacks up. Watching how sellers price and respond to early showing traffic can also signal which listings may hold firm versus where flexibility could appear.
Stillwater’s appeal shows up in small, practical ways. Main Street keeps errands walkable, the St. Croix River frames evening walks, and Brown’s Creek State Trail gives residents an easy outlet for biking or jogging. Many buyers weigh commute time carefully; Highway 36 provides a direct route toward St. Paul while keeping riverfront living within reach.
Lakeview Hospital and the Stillwater Area Public Schools provide a steady employment base, which helps keep demand strong for homes close to downtown and long-established neighborhoods. When buyers scan active listings, practical details like lot size, off-street parking, and access to trails often matter just as much as the home’s square footage.
Stillwater Area Public Schools (ISD 834) serve the community.
Notable schools include Rutherford Elementary and Stonebridge Elementary, along with Stillwater Middle School and Stillwater Area High School. Demand inside these school boundaries often influences which neighborhoods see faster sales and fewer price reductions.
The Stillwater Police Department reports a violent crime rate of 1.2 per 1,000 residents and a property crime rate of 14.5 per 1,000 residents. Both figures sit below national and Minnesota averages.
Community policing efforts, including the SafeCam program, support a strong sense of security for residents and buyers evaluating long-term neighborhood stability.
How competitive is the market for homes in Stillwater?
With average DOM at 35 days, most homes don’t sit long. The strongest listings attract attention quickly, especially near downtown and along the river. See the good ones early and have your pre-approval ready so you can write the day you find a fit.
What should I know about buying a historic home here?
Homes inside the Historic Residential District fall under specific preservation guidelines. Exterior changes may require approval from the Heritage Preservation Commission, so buyers should review restrictions carefully before making an offer.
Do price reductions happen often?
They do, but they usually show up after the first month. Homes priced above recent sales, or listings that need updates, are the most likely to adjust. If you’re watching listing alerts, you’ll often spot those changes quickly and can schedule a showing while the home is getting fresh attention.
How do property taxes factor into affordability?
Washington County’s average effective property tax rate is about 1.12% of assessed value. Your exact bill can shift based on the specific property, the local school levies, and city assessments, so it’s worth checking tax estimates early and comparing a few addresses side-by-side before you fall in love with a home.
I’m buying now, but what if I need to sell my current home first?
That’s common in Stillwater, especially when buyers are trying to line up timing around school boundaries or a specific neighborhood. The key is understanding your sale options early—whether you list first, negotiate a closing timeline that fits your move, or structure your offer with clear terms. If selling becomes part of your plan, start with what selling a home in Stillwater typically looks like so you can map out the cleanest sequence.