Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and scenic beauty. Understanding the current housing market trends is essential for those considering making Stillwater their home.
Current Market Trends
As of April 2026, the average home value in Stillwater is approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a competitive market. The median listing price stands at $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 homes are often selling above their listing prices, underscoring the strong demand in the area.
Rental Market Insights
For those interested in renting, the median rent in Stillwater is $2,550 per month, aligning with the national average. The rental market has remained stable, with no significant year-over-year changes, offering predictability for prospective tenants.
New Developments
Stillwater’s appeal is further enhanced by new residential developments. Several custom home builders are active in the area, offering high-quality residences that blend seamlessly with the city’s historic character. These developments provide additional options for buyers seeking modern amenities within a community rich in history.
Conclusion
Whether you’re looking to buy or rent, Stillwater’s housing market offers a range of opportunities. Staying informed about current trends and developments will help you make the best decision for your housing needs in this vibrant community.