Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and proximity to the Twin Cities. Understanding the current housing market trends is essential for those considering a move to this vibrant community.
Current Market Trends
As of April 2026, the median sale price for homes in Stillwater is approximately $479,000, reflecting 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 competitive market where properties are in high demand.
Rental Market Insights
For those looking to rent, the average monthly rent in Stillwater is around $2,291, slightly above the national average of $1,930. The rental market has remained stable, offering consistent options for prospective tenants.
New Developments
Several new housing developments are underway to accommodate the growing demand. Notably, the Brixton Townhomes project at the southeast corner of Manning Avenue and Boutwell Road is set to introduce 108 for-sale townhomes. Construction is anticipated to begin in the fall of 2026, providing additional housing options for residents.
Conclusion
Stillwater’s housing market is experiencing growth and competitiveness, making it an opportune time for both buyers and renters to explore available options. Staying informed about market trends and upcoming developments will aid in making well-informed decisions in this dynamic environment.