Stillwater, Minnesota, renowned for its historic charm and scenic beauty along the St. Croix River, 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
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 are typically going under contract in about 25 days, indicating a competitive market. The median listing price is around $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 robust demand for homes in the area.
Rental Market Insights
For those considering renting, the average monthly rent in Stillwater is approximately $2,291, slightly above the national average of $1,930. The rental market has seen a modest month-over-month increase of 0.9%, indicating steady demand for rental properties.
New Developments and Construction
Stillwater’s appeal has spurred new residential developments. Currently, there are five active builders in the area, offering a range of new construction homes that blend modern amenities with the city’s historic character. These developments provide prospective buyers with additional options to consider.
Conclusion
Whether you’re looking to buy or rent, Stillwater’s real estate market offers a variety of opportunities. Staying informed about market trends and new developments can help you make well-informed decisions in this dynamic landscape.