By Isabella Carlson
Home Prices & Sales Activity
The typical home in Stillwater is selling for about $460,000, reflecting a modest annual gain around 3–4%. Homes spend about 12–19 days on the market—fast for this area—suggesting that buyers still need to move quickly.
However, sales volume is mixed. While the number of homes sold in recent months is up slightly, overall inventory remains tight, putting pressure on price growth.
Rents & Rental Demand
For renters, the average rate across Stillwater properties ranges between $2,200 and $2,600 per month, depending on property type and size. Some apartments fall below that, but single-family homes and townhomes tend to fetch higher rents.
Year over year, rents are rising—by roughly 5% in many segments—though there have also been monthly adjustments downward in some neighborhoods. Availability is lower than last year, adding competition among renters.
Local Development and Infrastructure
Stillwater has several ongoing public works and residential projects underway. Infrastructure improvements—streets, water lines, and intersection studies—are active in the city. In addition, developers are proposing new townhouse communities on the edges of the city, such as the planned “Brixton” development at Manning Avenue and 80th Street.
These developments respond in part to growing demand for housing diversity—more multifamily, townhomes, and accessible rental options. Stillwater’s city agencies are considering streamlining processes for infill and mixed-use projects to help ease supply constraints.
What It Means for Buyers and Renters
Buyers: Be prepared to act swiftly and expect significant competition. It may help to have financing lined up, a clear sense of what neighborhoods balance price and character, and openness to less common property types (like smaller infills or fixer-uppers).
Renters: Smaller units are in demand and tend to move faster. If you’re hunting for a townhome or house, budget for higher rent and set alerts in neighborhoods you prefer. Be ready for fewer fresh listings.
For both buyers and renters: Keep an eye on local planning decisions. New townhome plats and infrastructure upgrades can signal areas that will become more attractive—or more congested—in coming years.