$414 Closing Credit*
$34,900
1,046 SqFt
3 Beds
•1 Full Bath
Listing Office: EXIT Realty - Great Plains Mankato
Housing Prices in New Ulm, MN
How much do homes in New Ulm, MN cost?
Median List Price
$229,900
$118/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
+$2,500(+1.1%)
Key Takeaway
The list price of homes in New Ulm has increased by 1.1% since last year.
Summary: The median home list price in New Ulm was $229,900 in October 2024, up 1.1% from the previous year, and the median price per square foot was $118.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $171.1K | $199K | +16.3% |
| 3 Bedrooms | $187.4K | $189.9K | +1.3% |
| 4 Bedrooms | $242.4K | $269K | +11.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Ulm housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 11%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Cottonwood Township | $197.4K | $260.7K | +32.1% |
| Lafayette Township | $180.9K | $184.9K | +2.2% |
| New Ulm | $227.4K | $229.9K | +1.1% |
Housing Supply in New Ulm, MN
How many homes are available in New Ulm, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The New Ulm real estate market had 17 homes for sale in October 2024, a 30.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Ulm housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Days on Market for New Ulm, MN
How long does it take to sell a home in New Ulm, MN?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 107 Days | 57 Days | -46.4% |
Summary: Homes in New Ulm had an average listing age of 57 days in Oct 2024, down by 46.4% compared to the previous year.
