Stillwater’s housing market is experiencing notable shifts, presenting both challenges and opportunities for residents and prospective buyers.
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, averaging 21 days on the market compared to 62 days last year. Additionally, 20 homes were sold in March, up from 18 in the same month last year.
Rental Market Insights
The rental market in Stillwater has also seen changes. The average rent stands at $2,445 per month, with a month-over-month increase of 1.5%. This is higher than the national average rent of $1,910.
Upcoming Developments
New developments are on the horizon. The Brixton Townhomes project, located at the southeast corner of Manning Avenue and Boutwell Road, plans to introduce 108 for-sale townhomes. Site work is expected to begin in 2026, with construction commencing in the fall.
These developments aim to address the growing demand for housing in Stillwater, offering more options for potential homeowners.
Conclusion
Stillwater’s real estate landscape is dynamic, with rising home prices, a competitive rental market, and new developments underway. Staying informed about these trends is essential for making well-informed decisions in this evolving market.