Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and vibrant community. Understanding the current real estate landscape is essential for those considering a move or investment in the area.
Current Market Trends
As of April 2026, the median listing price in Stillwater is approximately $449,950, reflecting a 24.94% decrease from the previous year. Despite this decline, the median sold price has risen by 20.27% year-over-year, reaching $528,000. Homes are spending an average of 33 days on the market, indicating a relatively brisk pace of sales.
Rental Market Insights
For renters, the median rent in Stillwater stands at $2,550 per month, with no significant change over the past year. This stability offers predictability for those seeking rental properties in the area.
Upcoming Developments
Several new developments are on the horizon, contributing to the city’s growth. Notably, the Brixton Townhomes project is set to commence site work in 2026, with townhome construction beginning in the fall. This development will add 108 for-sale townhomes on 15 acres at the southeast corner of Manning Avenue and Boutwell Road.
Staying informed about these trends and developments is crucial for making well-informed decisions in Stillwater’s dynamic real estate market.