Stillwater, Minnesota, renowned for its historic charm and scenic beauty along the St. Croix River, continues to attract homebuyers and investors. Understanding the current real estate landscape is essential for those considering entering this vibrant market.
Current Market Trends
The Stillwater housing market has experienced notable changes. As of April 2026, the average home value stands at $450,923, reflecting 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 with rising property values.
Rental Market Dynamics
For those considering renting in Stillwater, the market offers stability. The median rent is approximately $2,550 per month, with a 0% year-over-year change, providing predictable housing costs for renters. This stability is beneficial for both tenants and landlords, ensuring a balanced rental environment.
New Developments and Construction
Stillwater’s appeal has spurred new residential developments. Currently, there are five active builders in the area, offering custom homes that blend modern amenities with the city’s historic character. These new constructions provide prospective buyers with diverse options, from traditional designs to contemporary styles, catering to various preferences and needs.
Conclusion
Stillwater’s real estate market presents opportunities for buyers, sellers, and renters alike. With rising home values, a stable rental market, and ongoing developments, the city continues to be a desirable location for those seeking a blend of history, community, and modern living.