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 pending in around 25 days, indicating a competitive market. 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. This suggests that homes are often selling above their listing prices, underscoring the strong demand in the area.
Rental Market Insights
For those considering renting in Stillwater, the market offers a range of options. The average rent is approximately $2,291 per month, slightly above the national average of $1,930. This stability in rental prices provides predictability for tenants. Currently, there are 13 rental properties available, with a median rent of $2,550 per month. The rental market has seen a 50% increase in available properties year-over-year, offering more choices for prospective renters.
New Developments and Construction
Stillwater’s growth is evident in its new housing developments. Several builders are active in the area, offering custom homes that blend modern amenities with the city’s historic character. These developments cater to a variety of preferences, from riverfront properties to homes nestled in wooded areas, providing options for diverse lifestyles.
Conclusion
Stillwater’s real estate market is dynamic, characterized by rising home values, a competitive buying environment, and a stable rental market. Whether you’re looking to buy or rent, staying informed about these trends will help you make the best decision for your needs. As the city continues to grow and develop, it remains a desirable destination for those seeking a blend of history, community, and modern living.