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 trends is essential for those considering making Stillwater their home.
Current Housing Market Trends
The Stillwater housing market remains competitive. 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 2026, up from 18 in the same month the previous year.
Rental Market Insights
For those considering renting in Stillwater, the market offers a range of options. The average rent 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.
New Developments and Construction
Stillwater’s growth is evident in its new housing developments. Several builders are actively constructing homes that blend modern amenities with the town’s historic aesthetic. These developments cater to diverse preferences, from single-family homes to townhouses, providing options for various buyers.
Conclusion
Stillwater’s real estate market is dynamic, characterized by rising home prices, a competitive rental landscape, and ongoing development projects. 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.