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 a move or investment in the area.
Current 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 typically go pending in around 25 days, indicating a moderately 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 while listing prices have remained stable, actual sale prices have experienced significant growth, possibly due to high demand and competitive bidding.
Rental Market Insights
For renters, the median rent in Stillwater is approximately $2,550 per month, with 13 properties currently available for rent. This stability in rental prices offers predictability for those considering leasing options in the area.
New Developments and Construction
Stillwater’s appeal has spurred new residential developments. Currently, there are five active builders in the area, focusing on custom homes that blend modern amenities with the city’s historic character. These developments provide prospective buyers with a range of options, from traditional designs to contemporary layouts.
Conclusion
Stillwater’s real estate market presents opportunities for both buyers and renters. With rising home values and stable rental rates, the city remains an attractive destination. Prospective residents are encouraged to stay informed about market trends and consider engaging with local real estate professionals to navigate this dynamic landscape effectively.