Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers seeking a blend of tradition and modern amenities. The local real estate market reflects this appeal, with notable trends and developments shaping the housing landscape.
Current Market Trends
As of March 2026, the median sale price for homes in Stillwater 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, 50% of homes sold above the listing price, indicating strong buyer competition.
New Housing Developments
To accommodate growing demand, new housing projects are underway. The Brixton Townhomes development, located at the southeast corner of Manning Avenue and Boutwell Road, plans to introduce 108 for-sale townhomes. Construction is slated to begin in the fall of 2026, offering modern living spaces in a desirable location.
Rental Market Insights
For those considering renting, Stillwater offers a range of options. The median rent stands at $2,550 per month, with 13 rental properties currently available. This stability provides renters with predictable housing costs in a competitive market.
Neighborhood Highlights
Downtown Stillwater remains a focal point for buyers seeking historic homes and proximity to local amenities. However, the median sale price in this area has decreased by 21.6% year-over-year, now at $430,000. Homes here average 75 days on the market, suggesting a more balanced market dynamic.
Looking Ahead
The Stillwater real estate market is poised for continued growth, driven by its unique blend of history, community, and natural beauty. Whether you’re looking to buy, sell, or rent, staying informed about local trends and developments will help you make the best decisions in this evolving market.