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 landscape is essential for those considering making Stillwater their home.
Current Market Trends
The housing market in Stillwater has experienced notable changes. As of March 2026, the median sale price of homes reached $479,000, marking a 13.5% increase from the previous year. Homes are selling more swiftly, averaging 21 days on the market compared to 62 days last year. Additionally, the number of homes sold rose to 20 in March, up from 18 the previous year.
Rental Market Insights
For those exploring rental options, the average rent in Stillwater stands at $2,445 per month, surpassing the national average of $1,910. This reflects a 1.5% month-over-month increase as of March 31, 2026.
New Developments on the Horizon
Stillwater is witnessing new residential developments aimed at accommodating the growing demand. A notable project is the Brixton Townhomes, a 108-unit for-sale townhome development located at the southeast corner of Manning Avenue and Boutwell Road. Construction is anticipated to commence in the fall of 2026.
Considerations for Prospective Buyers and Renters
Given the competitive nature of the market, prospective buyers should be prepared for swift decision-making and potential bidding scenarios. Engaging with local real estate professionals can provide valuable insights and assistance. Renters should anticipate higher-than-average rental rates and may need to act promptly when suitable properties become available.
Staying informed about market trends and upcoming developments will empower individuals to make well-informed decisions in Stillwater’s dynamic real estate environment.