Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and scenic views along the St. Croix River. Understanding the current housing market trends is essential for those considering making Stillwater their home.
Current Market Trends
As of early 2026, the Stillwater housing market exhibits a competitive landscape. The median sale price of homes has seen a notable increase, with reports indicating a rise to $479,000, marking a 13.5% increase compared to the previous year. Homes are selling more quickly, averaging 21 days on the market, a significant decrease from 62 days the prior year. This trend suggests a strong demand for properties in the area.
Rental Market Insights
For those interested in renting, the market remains robust. The average rent in Stillwater is approximately $2,445 per month, reflecting a 1.5% month-over-month increase. This rate is higher than the national average, indicating a premium for residing in this desirable community.
Upcoming Developments
New developments are on the horizon, aiming to accommodate the growing demand for housing. One notable project is the Brixton Townhomes, a 108-unit for-sale townhome development located at the southeast corner of Manning Avenue and Boutwell Road. Construction is anticipated to begin in the fall of 2026, offering additional housing options for prospective buyers.
Conclusion
Stillwater’s housing market reflects a dynamic environment with rising home prices and rental rates, coupled with new developments to meet demand. Prospective buyers and renters should stay informed about these trends to make well-informed decisions in this evolving market.