Stillwater, Minnesota, continues to attract homebuyers and renters with its historic charm and scenic St. Croix River views. Understanding the current real estate market is essential for those considering a move or investment in the area.
Current Market Trends
The housing market in Stillwater has shown notable activity. As of March 2026, the median sale price for homes 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 the previous year.
Rental Market Insights
For those considering renting, the average rent in Stillwater stands at $2,291 per month, slightly above the national average of $1,930. This reflects the area’s desirability and the quality of available rental properties.
Upcoming Developments
New developments are on the horizon to accommodate the growing demand. The Brixton Townhomes project, located 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 housing options for prospective buyers.
Conclusion
Stillwater’s real estate market is dynamic, with rising home prices, a competitive rental landscape, and new developments underway. Whether you’re looking to buy, rent, or invest, staying informed about these trends will help you make well-informed decisions in this vibrant community.