New Ulm, MN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in New Ulm, MN is $186,661, down 28.2% year-over-year. Homes sell in an average of 51 days with 17 active listings. The market is currently a seller's market.
$186,661median sale price
Is New Ulm a buyer's or seller's market?
New Ulm, MN is currently a seller's market, based on 1.9 months of supply and homes selling in about 51 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
51
Average pace
Active listings
17
1.9 months supply
Sale-to-list
96.1%
Below asking
New Ulm, MN market data
| Metric | Value |
|---|---|
| Median sale price | $186,661 |
| Median list price | $262,400 |
| Year-over-year price change | -28.2% |
| Average days on market | 51 days |
| Active inventory | 17 listings |
| Months of supply | 1.9 months |
| Sale-to-list price ratio | 96.1% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The New Ulm housing market is currently classified as a seller's market with a median sale price of $186,661. Prices have fallen 28.2% compared to last year, with homes spending an average of 51 days on market, indicating 1.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in New Ulm
There are currently 17 homes listed for sale in New Ulm, Minnesota. The median listing price is $262K.
Active listings
17
Homes on market
Median list price
$262K
Avg. days on market
51
Days until sale
New this week
6
Newly listed
Top public schools in New Ulm
12 schools tracked · 2,320 students
The largest public schools serving New Ulm, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
NEW ULM HIGH SCHOOL
Grades 9-12 · 712 students
JEFFERSON ELEMENTARY
Grades 1-4 · 624 students
NEW ULM MIDDLE SCHOOL
Grades 5-8 · 609 students
Washington Learning Center
Grades PK-K · 190 students
RIVER BEND EARLY CHILDHOOD PROG.
Grades PK · 70 students
RIVER BEND AREA LEARNING CENTER
Grades 7-12 · 60 students
IMPRINTS PROGRAM
Grades K-12 · 25 students
Raptor Program
Grades 2-12 · 13 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in New Ulm?
The median home sale price in New Ulm is $186,661, down 28.2% from last year.
How long do homes stay on market in New Ulm?
Homes typically spend 51 days on market before going under contract.
Is New Ulm a buyer's or seller's market?
With 1.9 months of supply, New Ulm is currently a seller's market.
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