Stillwater, Minnesota, offers a dynamic real estate market characterized by steady growth and evolving opportunities for buyers, sellers, and renters alike.
Current Market Trends
As of early 2026, the median sale price for homes in Stillwater has experienced a notable increase. According to Redfin, the median sale price reached $479,000 in March 2026, marking a 13.5% rise compared to the previous year. Homes are selling faster, with an average of 21 days on the market, down from 62 days the prior year. This indicates a competitive market where properties are in high demand.
Similarly, Zillow reports an average home value of $445,501 as of March 31, 2026, reflecting a 3.4% increase over the past year. Homes typically go pending in around 42 days, suggesting a brisk pace in property transactions.
Rental Market Insights
For those considering renting in Stillwater, the market offers a range of options. Zillow notes that the average rent stands at $2,445 per month as of March 31, 2026. This is higher than the national average rent of $1,910, indicating a premium rental market in the area.
Upcoming Developments
Stillwater is also witnessing new developments that promise to enhance the housing landscape. 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. The project features two-story structures in groups of 4 to 6 attached units. Site work is anticipated to begin in 2026, with townhome construction commencing in the fall of the same year.
Conclusion
Whether you’re looking to buy, rent, or invest, staying informed about Stillwater’s real estate trends and upcoming developments is essential. The market’s competitiveness underscores the importance of timely decision-making and thorough research to navigate the opportunities available in this vibrant community.