Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and investors alike. Understanding the current real estate landscape is essential for those considering entering this dynamic market.
Current Market Trends
As of early 2026, Stillwater’s housing market exhibits notable activity. The median sale price of homes has experienced a year-over-year increase, reflecting sustained demand. Homes are selling more swiftly, with the average days on market decreasing compared to the previous year. This trend indicates a competitive environment where well-priced properties are quickly secured by buyers.
Home Values and Inventory
The average home value in Stillwater has appreciated over the past year, underscoring the area’s desirability. Inventory levels have seen slight fluctuations, with a moderate number of homes available for sale. This balance suggests a market that offers opportunities for both buyers and sellers, with neither party holding a significant advantage.
New Developments
Several new residential projects are underway, contributing to the city’s growth. Notably, the Brixton Townhomes development, located at the southeast corner of Manning Avenue and Boutwell Road, plans to introduce 108 for-sale townhome units. Construction is anticipated to commence in the fall of 2026, providing additional housing options for prospective residents.
Rental Market Insights
For those considering renting in Stillwater, the market offers a range of options. The median rent has remained relatively stable, providing predictability for tenants. The number of rental properties has seen slight variations, indicating a steady demand for rental housing in the area.
Conclusion
Stillwater’s real estate market presents a blend of historic appeal and modern development. Whether you’re looking to buy, sell, or rent, staying informed about market trends and upcoming projects is crucial. Engaging with local real estate professionals can provide personalized insights to navigate this evolving landscape effectively.