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 trends is essential for those considering entering this vibrant market.
Current Market Trends
As of April 2026, the median home value in Stillwater stands at approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a brisk market pace. The median listing price is $449,950, with active listings totaling 116, marking a 15% increase year-over-year. Notably, the median sold price has risen by 20.27% to $528,000, suggesting strong demand and competitive bidding among buyers.
Rental Market Dynamics
For renters, the median rent in Stillwater is approximately $2,550 per month, with 13 rental properties currently available. This stability offers predictability for tenants, while landlords benefit from consistent demand in the area.
New Developments and Construction
Stillwater’s appeal is further enhanced by ongoing new home constructions. With five active builders in the area, prospective buyers have access to modern residences that complement the city’s historic character. These developments cater to diverse preferences, from custom-built homes to contemporary designs, enriching the local housing landscape.
Conclusion
Stillwater’s real estate market presents a dynamic environment for buyers, sellers, and renters. With rising home values, a stable rental market, and new developments underway, the city continues to offer opportunities for those looking to invest or settle in this picturesque community.