Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and renters alike. Understanding the current real estate landscape is essential for those considering making Stillwater their home.
Current Market Trends
As of April 2026, the median home value in Stillwater stands at approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a competitive market. The median listing price is $449,950, with active listings totaling 116, marking a 15% increase year-over-year. Notably, the median sold price has risen by 20.27% to $528,000, suggesting strong demand and potential for sellers.
Rental Market Insights
For renters, the average monthly rent in Stillwater is $2,291, slightly above the national average of $1,930. This stability offers predictability for those seeking rental properties in the area.
Upcoming Developments
Looking ahead, Stillwater is set to welcome new housing developments aimed at accommodating the growing demand. 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. Construction is anticipated to begin in the fall of 2026, providing additional housing options for prospective buyers.
Conclusion
Stillwater’s real estate market remains dynamic, with rising home values and a steady rental market. Upcoming developments like the Brixton Townhomes signal continued growth and opportunities for both buyers and renters. Staying informed about these trends is crucial for making well-informed housing decisions in this vibrant community.