Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and renters alike. Understanding the current housing market trends is essential for those considering making Stillwater their home.
Current Market Trends
As of March 2026, the median sale price for homes in Stillwater reached $479,000, marking a 13.5% increase from the previous year. Homes are selling faster, with an average of 21 days on the market compared to 62 days last year. This indicates a highly competitive market where properties are in demand. [1]
In terms of rental properties, the average rent in Stillwater is approximately $2,445 per month, reflecting a 1.5% month-over-month increase as of March 31, 2026. This suggests a steady demand for rental housing in the area. [2]
New Developments
To accommodate the growing demand, new housing developments are underway. One notable project is the Brixton Townhomes, a 108-unit for-sale townhome development located at the southeast corner of Manning Avenue and Boutwell Road. Construction is anticipated to begin in the fall of 2026, offering additional housing options for prospective buyers. [3]
Market Outlook
Looking ahead, the Stillwater housing market is expected to maintain its competitiveness. With limited inventory and sustained buyer interest, particularly in neighborhoods near the river or with updated amenities, homes are likely to continue selling close to or above the asking price. Prospective buyers should be prepared for a dynamic market environment. [4]
For those considering purchasing or renting in Stillwater, staying informed about market trends and upcoming developments is crucial. Engaging with local real estate professionals can provide valuable insights and assistance in navigating this evolving market.
[1] Source: Redfin
[2] Source: Zillow
[3] Source: City of Stillwater
[4] Source: OK.com