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 recent data, the median sale price for homes in Stillwater is approximately $479,000, reflecting a 13.5% increase compared to the previous year. Homes are selling faster, with an average of 21 days on the market, down from 62 days last year. This indicates a competitive market where well-priced homes are in high demand.
Rental Market Insights
For those looking to rent, the average monthly rent in Stillwater is around $2,445. This is higher than the national average of $1,910, highlighting the area’s desirability and the premium associated with its unique offerings.
New Developments
To accommodate growing demand, new housing developments are underway. Notably, the Brixton Townhomes project at the southeast corner of Manning Avenue and Boutwell Road plans to introduce 108 for-sale townhomes. Construction is anticipated to begin in the fall of 2026, offering modern living options in a sought-after location.
Conclusion
Stillwater’s housing market is dynamic, characterized by rising home prices, a competitive rental landscape, and ongoing development projects. Prospective buyers and renters should stay informed and consider acting promptly to secure their desired property in this vibrant community.