Stillwater, Minnesota, renowned for its historic charm and scenic beauty along the St. Croix River, has experienced notable shifts in its real estate market. Understanding these changes is essential for prospective buyers, sellers, and renters.
Current Housing Market Trends
As of April 2026, the average home value in Stillwater stands at approximately $450,923, reflecting a 3.7% increase over the past year. Homes typically go 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 upward trajectory suggests strong demand and limited inventory.
Rental Market Insights
For renters, the median rent in Stillwater is approximately $2,550 per month, with 13 properties available for rent. This stability offers predictability for those considering leasing options in the area.
New Developments and Construction
Stillwater continues to attract new construction projects, with five active builders currently operating in the area. These developments aim to meet the growing demand for housing while preserving the city’s unique character. Prospective buyers interested in new homes have focused but premium options to consider.
Conclusion
Stillwater’s real estate market is characterized by rising home values, a competitive buying environment, and stable rental rates. Whether you’re looking to buy, sell, or rent, staying informed about these trends will help you make well-informed decisions in this dynamic market.