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 real estate trends is essential for those considering making Stillwater their home.
Current Housing Market Trends
As of April 2026, the average 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. These figures suggest a robust demand for homes in the area.
Rental Market Insights
For those interested in renting, the median rent in Stillwater is approximately $2,550 per month, with 13 rental properties currently available. This stability in rental prices offers predictability for prospective tenants. The average rent is $2,291, slightly above the national average of $1,930, reflecting the area’s desirability.
New Developments and Construction
Stillwater’s appeal has spurred new residential developments. Several builders are actively constructing homes that blend modern amenities with the town’s historic character. These new constructions provide additional options for buyers seeking contemporary living spaces within this picturesque community.
Conclusion
Stillwater’s real estate market is characterized by rising home values, a competitive buying environment, and stable rental rates. Whether you’re looking to purchase a historic home, rent a property, or invest in new construction, understanding these trends will aid in making informed decisions in this vibrant market.