Stillwater’s housing market is experiencing notable changes, with shifts in home prices, rental rates, and new developments shaping the landscape.
Home Prices and Market Trends
As of April 2026, the average home value in Stillwater stands at $450,923, reflecting a 3.7% increase over the past year. Homes are typically going pending in around 25 days, indicating a competitive market. The median sale price has seen a 20.27% year-over-year increase, reaching $528,000. However, the median listing price has decreased by 24.94% over the same period, now at $449,950. This suggests that while homes are selling for higher prices, initial listing prices have become more conservative.
Rental Market Insights
The rental market in Stillwater remains stable, with the median rent at $2,550 per month as of April 2026. This figure has remained unchanged year-over-year, providing predictability for renters. The number of rental properties available has increased by 50% compared to the previous year, now totaling 13 listings. This rise in availability may offer more options for prospective tenants.
New Developments
Several new developments are underway, contributing to the evolving housing landscape. Notably, the Brixton Townhomes project is set to add 108 for-sale townhome units on 15 acres at the southeast corner of Manning Avenue and Boutwell Road. Construction is anticipated to begin in the fall of 2026, with site work commencing earlier in the year. This development aims to provide additional housing options to meet the growing demand in the area.
Understanding these trends is crucial for both buyers and sellers navigating Stillwater’s dynamic real estate market. Staying informed about market conditions and upcoming developments can aid in making well-informed decisions.