Stillwater, Minnesota, continues to experience a dynamic real estate market characterized by rising home values, competitive sales, and new developments that cater to a growing community.
Current 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 are typically going pending in around 25 days, indicating a brisk market pace. The median listing price is approximately $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 upward trend underscores the strong demand and limited inventory in the area.
Rental Market Insights
For those considering renting in Stillwater, the market offers stability. The median rent is $2,550 per month, with a 0% change year-over-year. This consistency provides renters with predictable housing costs, aligning with the national average rent of $1,930 as of April 2026.
Upcoming Developments
To accommodate the growing demand, new housing developments are underway. One notable project is the Brixton Townhomes, located at the southeast corner of Manning Avenue and Boutwell Road. This development will feature 108 for-sale townhome units spread across 15 acres, with construction anticipated to begin in the fall of 2026. Such projects aim to provide additional housing options and alleviate some of the market’s competitiveness.
Conclusion
Stillwater’s real estate market remains robust, with increasing home values and a steady rental landscape. Prospective buyers and renters should stay informed about market trends and upcoming developments to make well-informed decisions in this evolving environment.