Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, 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 brisk market pace. The median listing price is $449,950, with 116 homes currently available for sale. This reflects a 15% increase in active listings compared to the previous year, suggesting a growing inventory that may offer more options for prospective buyers.
Rental Market Dynamics
For those interested in renting, Stillwater presents a stable market. The median rent is approximately $2,550 per month, with 13 rental properties currently available. This stability offers predictability for renters planning their housing budgets.
New Developments and Construction
Stillwater’s appeal is further enhanced by new residential developments. Several custom home builders are active in the area, offering high-quality residences that complement the city’s historic character. These developments provide opportunities for buyers seeking modern amenities within a community rich in history.
Conclusion
Whether you’re considering purchasing a home or exploring rental options, staying informed about Stillwater’s real estate trends is crucial. The combination of a competitive housing market, stable rental prices, and new developments makes Stillwater an attractive destination for many.