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
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 typically go pending in around 25 days, indicating a brisk market pace.
In March 2026, the median sale price was $479,000, marking a 13.5% rise compared to the previous year. Homes sold after an average of 21 days on the market, a significant decrease from 62 days the prior year.
Rental Market Insights
For those considering renting in Stillwater, the market offers various options. The average rent is approximately $2,291 per month, slightly above the national average of $1,930.
New Developments and Neighborhoods
Stillwater’s appeal is enhanced by its diverse neighborhoods and ongoing developments. Areas like Liberty on the Lake and South Hill are particularly popular among families, offering a blend of modern amenities and community atmosphere.
For those interested in new constructions, several builders are active in the area, providing options that cater to various preferences and budgets.
Conclusion
Whether you’re looking to buy, rent, or invest, Stillwater’s real estate market offers a dynamic environment with opportunities to suit diverse needs. Staying informed about market trends and developments will aid in making well-informed decisions in this vibrant community.