Stillwater, Minnesota, renowned for its historic charm and scenic beauty along the St. Croix River, continues to attract homebuyers and renters alike. Understanding the current real estate landscape is essential for those considering making Stillwater their home.
Current Market Trends
The housing market in Stillwater has experienced notable changes. As of April 2026, the average home value stands at approximately $450,923, marking a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a competitive market. The median sale price has risen to $479,000, reflecting a 13.5% year-over-year increase. Additionally, homes are selling for about 1% above the list price, with some properties receiving multiple offers and going pending in as few as 10 days.
Rental Market Insights
For those considering renting in Stillwater, the market offers a range of options. The average rent is approximately $2,291 per month, slightly above the national average of $1,930. This stability provides renters with predictable housing costs in a desirable community.
New Developments on the Horizon
Stillwater is witnessing new developments aimed at accommodating its growing population. 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. This project features two-story structures in groups of 4 to 6 attached units, with construction anticipated to begin in the fall of 2026.
Conclusion
Stillwater’s real estate market presents opportunities for both buyers and renters. With rising home values, a competitive market, and new developments underway, it’s an opportune time to explore housing options in this vibrant community.