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 listing price is approximately $449,950, with 116 homes currently for sale. Notably, the median sold price has risen by 20.27% year-over-year, reaching $528,000. These figures suggest a dynamic market with active buyer interest.
Rental Market Insights
The rental market in Stillwater remains robust, with the average rent at $2,291 per month as of April 2026. This is slightly above the national average of $1,930. The rental inventory includes 13 properties, and the median rent has remained stable year-over-year, offering predictability for renters.
New Developments
Several new developments are contributing to the growth of Stillwater’s housing market. 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. The project features two-story structures in groups of 4 to 6 attached units, with site work expected to begin in 2026 and construction commencing in the fall of 2026.
Market Outlook
Looking ahead, Stillwater’s housing market is expected to maintain its competitive nature. The combination of rising home values, stable rental rates, and new developments indicates a healthy and evolving market. Prospective buyers and renters should stay informed about these trends to make well-informed decisions.
Understanding the current dynamics of Stillwater’s housing market is essential for anyone considering buying, selling, or renting in the area. Staying updated on market trends and new developments will provide valuable insights for making informed real estate decisions.