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, with 13 rental properties currently available. This stability in rental prices offers predictability for prospective tenants. The average rent is slightly higher than the national average, reflecting the desirability of the area.
New Developments
Stillwater is experiencing growth with new residential developments. Five active builders are currently constructing homes that blend modern amenities with the town’s historic character. These new constructions provide additional options for buyers seeking contemporary living spaces within this charming community.
Conclusion
Whether you’re looking to buy or rent, Stillwater’s housing market offers a range of opportunities. Staying informed about market trends and new developments can help you make the best decision for your housing needs in this vibrant community.