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 housing market trends is essential for those considering making Stillwater their home.
Current Market Overview
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 are typically going pending in around 25 days, indicating a competitive market. The median listing price is $449,950, with 116 homes currently available for sale. Notably, the median sold price has risen by 20.27% year-over-year, reaching $528,000. This suggests that homes are often selling above their listing prices, underscoring the strong demand in the area.
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 in rental prices provides predictability for tenants. Currently, there are 13 rental properties available, with a median rent of $2,550 per month. The rental market has seen a 50% increase in available properties year-over-year, offering more choices for prospective renters.
New Developments and Construction
Stillwater’s appeal is further enhanced by ongoing new construction projects. The city boasts five active builders specializing in high-quality residences that complement the area’s distinctive character. These developments provide prospective buyers with modern amenities while preserving the historic charm that defines Stillwater.
Conclusion
Whether you’re looking to buy or rent, Stillwater’s housing market offers a blend of historic allure and modern convenience. Staying informed about current trends and developments will aid in making well-informed decisions in this dynamic market.