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
As of April 2026, the average home value in Stillwater stands at $450,923, reflecting a 3.7% increase over the past year. Homes typically go pending in around 25 days, indicating a moderately competitive market. The median listing price is approximately $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. This suggests that while listing prices have remained relatively stable, actual sale prices have seen significant growth, possibly due to competitive bidding among buyers.
Rental Market Insights
For those considering renting in Stillwater, the median rent is approximately $2,550 per month. This figure has remained stable over the past year, offering predictability for renters. However, with only 13 rental properties currently available, the rental market is tight, and prospective tenants may need to act swiftly when suitable properties become available.
New Developments and Construction
Stillwater’s appeal has spurred new residential developments. Several builders are actively constructing homes that blend modern amenities with the city’s historic aesthetic. These new constructions offer potential buyers additional options, from custom-built homes to townhouses, catering to diverse preferences and budgets.
Conclusion
Stillwater’s real estate market presents opportunities for both buyers and renters. With rising home values and a competitive market, prospective buyers should be prepared for swift transactions. Renters, facing limited availability, should also be ready to make quick decisions. Staying informed about market trends and new developments will aid in making well-informed housing choices in this vibrant community.