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Featured local agent — New Ulm, TX
Sarah Mitchell
Compass Real Estate · New Ulm, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Ulm, TX Housing Market
The typical home in New Ulm, TX is worth $599,440, fell 0.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $285,000 (through May 2026). With 3.0 months of supply and homes going under contract in about 15 days, New Ulm is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $599,440 home is about $3,200/mo in principal and interest.
Key numbers for New Ulm, TX
Typical home value
$599,440
-0.8% in 12 months
Zillow, August 2026
Median sale price
$285,000
Last published period
Redfin, through February 2026
Days on market
15
Fast-moving
Redfin, through February 2026
Active listings
3
3.0 months of supply
Redfin, through February 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$89,010
Home costs 6.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
89.1%
Selling below asking
Redfin, through February 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is New Ulm a buyer's or seller's market?
New Ulm, TX is a balanced market, based on 3.0 months of supply and homes selling in about 15 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the New Ulm housing market data show?
Every row below is Redfin's final published month for New Ulm, TX. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $285,000 |
| Median list price | $315,000 |
| Median price per sq ft | $191/sq ft |
| Median days on market | 15 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 89.1% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for New Ulm is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in New Ulm is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have New Ulm home prices moved?
Across the 17 months we hold for New Ulm, TX, the median sale price rose 12.9%, from $252,500 in May 2021 to $285,000. The live Zillow value series has fell 0.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 3.0 months while the sale-to-list ratio slips below its current 89.1%. Watch those two together — they move before the median does.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in New Ulm?
Priced off the typical home value of $599,440 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $119,888 | $479,552 | $3,200/mo |
| 5% | $29,972 | $569,468 | $3,800/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,200, that implies roughly $137,149 a year before you add taxes and insurance. The median household in New Ulm earns $89,010, about $48,139 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 6.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in New Ulm in the next 12 months?
Tell us your timeline. We send the New Ulm market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in New Ulm?
Zillow does not publish a rent index (ZORI) for New Ulm, TX, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in New Ulm?
Active listings in New Ulm, TX went from 3 in June 2022 to 3 in February 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| December 2022 | 3 | not published |
| May 2023 | 2 | 1 |
| June 2023 | 1 | not published |
| January 2024 | 3 | 1 |
| February 2024 | 4 | 1 |
| July 2024 | 3 | not published |
| October 2024 | 1 | not published |
| March 2025 | 3 | 1 |
| May 2025 | 4 | 1 |
| November 2025 | 5 | not published |
| December 2025 | 3 | not published |
| February 2026 | 3 | 1 |
Redfin, through February 2026
How does New Ulm compare to Texas and the U.S.?
New Ulm homes sell for $285,000 — 20% below the Texas median of $356,100. Against the national median of $410,700, New Ulm runs 31% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| New Ulm, TX | $285,000 | not published | 15 days |
| Texas statewide | $356,100 | +2.1% | 56 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in New Ulm
What buyers should watch
- Months of supply, currently 3.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $600 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $599,440 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median New Ulm listing goes under contract in 15 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 89.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month New Ulm added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -0.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside New Ulm varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in New Ulm
There are currently 3 homes listed for sale in New Ulm, Texas. The median listing price is $315K.
Active listings
3
Homes on market
Median list price
$315K
Avg. days on market
15
Days until sale
New this week
1
Newly listed
How much do homes cost in New Ulm by property type?
How the New Ulm, TX market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $285,000 | $191/sq ft | 1 | 15 days |
Who lives in New Ulm?
American Community Survey estimates for New Ulm. U.S. Census ACS, 2023
Population
322
Households
127
Median income
$89,010/yr
Median age
40.7 years
Owner-occupied
81.9%
81.9% of occupied homes in New Ulm are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near New Ulm, TX?
Ordered by distance from New Ulm, not by size. Compare New Ulm side by side with any of them.
New Ulm housing market FAQ
Is New Ulm a buyer's or seller's market?
New Ulm, TX is currently a balanced market. That read comes from 3.0 months of supply, homes going under contract in about 15 days, and sellers getting 89.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in New Ulm?
The typical home in New Ulm, TX is worth $599,440 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $285,000, about $191 per square foot.
Is New Ulm cheaper than the rest of Texas?
New Ulm's median sale price of $285,000 is 20% lower than the Texas statewide median of $356,100, and 31% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in New Ulm?
Homes in New Ulm, TX spent a median of 15 days on market before going under contract, versus 56 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in New Ulm?
At the current 30-year fixed rate of 7.03%, 20% down on a $599,440 home is about $3,200 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $137,149 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $89,010.
Are home prices rising in New Ulm?
The typical home value in New Ulm, TX fell 0.8% over the last 12 months, from $604,319 to $599,440 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in New Ulm?
New Ulm ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in New Ulm?
That depends on your timeline, not on a headline. What the data says today: New Ulm, TX is a balanced market with 3.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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