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Featured local agent — New Ulm, MN
Sarah Mitchell
Compass Real Estate · New Ulm, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Ulm, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$251,650median sale price
How is the New Ulm, MN housing market right now?
The median home sale price in New Ulm, MN is $251,650, up 19.8% year-over-year. Homes sell in an average of 27 days with 23 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Ulm a buyer's or seller's market?
New Ulm, MN is currently a seller's market, based on 1.6 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
27
Average pace
Active listings
23
1.6 months supply
Sale-to-list
98.7%
Below asking
What does the New Ulm housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $251,650 |
| Median list price | $299,900 |
| Year-over-year price change | +19.8% |
| Average days on market | 27 days |
| Active inventory | 23 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $128/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 18 |
| Listings with a price cut | 8.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Ulm by property type?
How the New Ulm, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $251,650 | $128/sq ft | 14 | 27 days |
Source: Redfin · Updated monthly
The New Ulm housing market is currently classified as a seller's market with a median sale price of $251,650. Prices have risen 19.8% compared to last year, with homes spending an average of 27 days on market, indicating 1.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in New Ulm
There are currently 23 homes listed for sale in New Ulm, Minnesota. The median listing price is $300K.
Active listings
23
Homes on market
Median list price
$300K
Avg. days on market
27
Days until sale
New this week
18
Newly listed
Who lives in New Ulm?
Population
14,066
Median income
$63,984/yr
Median age
40.3 years
Owner-occupied
74.6%
College grads
27.2%
Avg commute
12.5 min
Source: U.S. Census Bureau ACS
What are homes worth in New Ulm?
Zillow home value
$256,003
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in New Ulm?
New Ulm is a community of approximately 14K residents with a median age of 40.3 years.The median household income is $63,984, which represents a working-class community with solid middle-income opportunities. 27.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 12.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, New Ulm offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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.
Which cities are near New Ulm, MN?
Want a head-to-head view? Compare New Ulm side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in New Ulm?
The median home sale price in New Ulm is $251,650, up 19.8% from last year.
How long do homes stay on market in New Ulm?
Homes typically spend 27 days on market before going under contract.
What is the median income in New Ulm?
The median household income is $63,984 per year.
Is New Ulm a buyer's or seller's market?
With 1.6 months of supply, New Ulm is currently a seller's market.
What is the Zillow home value estimate for New Ulm?
The Zillow Home Value Index (ZHVI) for New Ulm is $256,003, representing the typical home value in the area.
How much does a single-family home cost in New Ulm?
The median single-family home price in New Ulm, MN is $251,650 (about $128 per square foot).
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