Stillwater, Minnesota, renowned for its historic charm and scenic St. Croix River views, continues to attract homebuyers and investors alike. Understanding the current real estate trends is essential for those considering entering this vibrant market.
Current Market Trends
As of April 2026, the average home value in Stillwater stands at approximately $450,923, marking a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a brisk market pace. The median listing price is $449,950, with 116 homes currently available for sale. Notably, the median sold price has risen by 20.27% year-over-year, reaching $528,000. These figures suggest a competitive market where well-priced homes are in high demand.
Rental Market Insights
For those considering renting in Stillwater, the median rent is approximately $2,550 per month. This stability offers predictability for renters, with the rental market showing a 0% year-over-year change. Currently, there are 13 rental properties available, providing a range of options for prospective tenants.
New Developments and Construction
Stillwater’s appeal is further enhanced by new residential developments. The city boasts five active builders specializing in high-quality residences that complement the area’s distinctive character. These new constructions offer modern amenities while preserving the historic charm that defines Stillwater.
Conclusion
Whether you’re looking to buy, rent, or invest, Stillwater’s real estate market presents a dynamic landscape. Staying informed about current trends and developments will empower you to make well-informed decisions in this ever-evolving market.