Stillwater, Minnesota, continues to attract homebuyers and renters with its unique blend of historic charm and modern amenities. Understanding the current real estate landscape is essential for those considering making this vibrant community their home.
Current Housing Market Trends
The housing market in Stillwater has shown notable activity. As of April 2026, the average home value 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. These figures suggest a dynamic market where properties are appreciating in value and selling relatively quickly.
Rental Market Insights
For those interested in renting, Stillwater offers a range of options. The average rent is approximately $2,291 per month, slightly above the national average of $1,930. The rental market has remained stable, with a month-over-month change of 0.9% as of April 2026. This stability provides renters with predictable housing costs in a desirable location.
Upcoming Developments
Looking ahead, Stillwater is set to welcome new residential developments that will further enhance the community’s appeal. 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 site work anticipated to begin in 2026 and construction commencing in the fall of the same year. Such developments are expected to provide additional housing options and contribute to the growth of the local real estate market.
In summary, Stillwater’s real estate market is characterized by rising home values, a competitive buying environment, stable rental prices, and promising new developments. Whether you’re looking to buy or rent, staying informed about these trends will help you make well-informed decisions in this dynamic market.