Stillwater’s housing market is experiencing notable changes, with shifts in home prices, rental rates, and new developments shaping the landscape.
Home Prices and Market Trends
As of April 2026, the average home value in Stillwater stands at $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a competitive market. The median listing price is $449,950, with 116 homes currently for sale. Notably, the median sold price has risen by 20.27% year-over-year to $528,000, suggesting strong demand among buyers.
Rental Market Insights
The rental market in Stillwater remains stable, with the median rent at $2,550 per month. This figure has remained unchanged year-over-year, providing predictability for renters. The city currently has 13 rental properties available, offering a range of options for prospective tenants.
New Developments and Community Growth
Stillwater continues to attract new developments that enhance the community’s appeal. For instance, El Sazon, a renowned Latin restaurant, expanded its presence by opening a new location in Stillwater in January 2025. Such additions contribute to the city’s vibrant atmosphere and can influence local real estate dynamics.
Understanding these trends is crucial for residents and potential buyers or renters navigating Stillwater’s evolving housing market. Staying informed about market conditions and community developments can aid in making well-informed decisions.