At Platinum Real Estate, we keep a close eye on the market—and one thing is clear: the Stillwater, MN and Somerset, WI area is experiencing exciting growth. Between steady population increases, new construction opportunities, and the highly anticipated Lakeview Hospital expansion, the St. Croix Valley is quickly becoming one of the most desirable regions in the Twin Cities metro.
Here’s what our team is seeing, and why now might be the perfect time to make your move.
Population Growth: Steady & Sustainable
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Stillwater, MN: Population is projected to reach 20,100 by 2029, with consistent year-over-year growth. Families and professionals are drawn to Stillwater for its historic riverfront, vibrant downtown, and proximity to the Twin Cities.
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Somerset, WI: Just across the river, Somerset is experiencing its own surge. Buyers are attracted to affordability, lower property taxes, and brand-new neighborhoods. Growth here has accelerated since the opening of the St. Croix Crossing bridge.
What this means: demand for housing is increasing on both sides of the river, creating strong opportunities for buyers, sellers, and investors.
New Construction Boom
Builders are busy, and new communities are taking shape throughout the Stillwater/Somerset area:
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Stillwater: Neighborhoods like Elliott Crossing, Hills of Spring Creek, and Heifort Hills Estates offer a mix of mid-range homes and luxury estates.
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Prices typically range from $450K to $760K+
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Inventory is tight, and many homes are selling within 30 days.
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Somerset & Hudson, WI: Larger lots, more space, and lower prices make these Wisconsin communities attractive to buyers looking for value without sacrificing convenience.
Bottom line: whether you’re looking for your first home, a move-up property, or a custom build, there are fresh opportunities in the St. Croix Valley.
Game Changer: The New Lakeview Hospital
One of the most exciting developments in the region is the new Lakeview Hospital campus, now under construction at Hwy 36 & Manning Ave in Stillwater.
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A $400 million project bringing world-class healthcare to the area
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Scheduled to open in 2028 with 97 inpatient beds, expanded ER, birthing suites, orthopedic and cancer care, and more
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Designed with walking trails, preserved wetlands, and a community-first approach
Why this matters for real estate:
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More jobs will increase housing demand nearby
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Access to top-notch healthcare boosts the area’s appeal for families and retirees
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Property values near the Manning Avenue corridor are likely to rise
This project isn’t just about healthcare—it’s a long-term growth catalyst for the entire community.
What This Means for You
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Buyers: Now is the time to get ahead of rising demand. Homes near the new hospital and surrounding communities will only become more valuable.
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Sellers: With tight inventory and major new amenities on the way, your home has never been more marketable.
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Investors & Builders: Demand for rentals, senior housing, and mixed-use projects near the hospital site will only grow.
Let’s Plan Your Next Move
The St. Croix Valley is transforming—and being part of it starts with the right strategy.
Whether you’re curious about new construction opportunities, investing in growth areas, or finding out what your current home is worth, our team is here to guide you every step of the way.
Call or text us today, or send us a message to schedule a consultation. Together, we’ll find the perfect home or investment in Stillwater, Somerset, or beyond.
