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 to $528,000, suggesting strong demand in the area.
Rental Market Insights
For those interested in renting, the median rent in Stillwater is $2,550 per month, with 13 rental properties currently available. This stability in rental prices offers predictability for prospective tenants.
Local Development Projects
Stillwater is experiencing growth with new developments enhancing the community. For instance, the acclaimed Latin restaurant El Sazon expanded to Stillwater, opening a new location in January 2025. Such developments contribute to the town’s appeal and can influence housing demand.
Conclusion
Whether you’re looking to buy or rent, staying informed about Stillwater’s housing market is crucial. With rising home values, stable rental rates, and ongoing developments, the town offers a dynamic environment for residents and newcomers alike.