Is New Ulm, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Ulm is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, New Ulm was a Buyer's Market.

Key Takeaway

New Ulm is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in New Ulm, TX

How much do homes in New Ulm, TX cost?

Median Sold Price

$738,750

$547/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,406,250(-65.6%)

Key Takeaway

Homes in New Ulm have sold for 65.6% less than they did a month ago.

Summary: The median home sold price in New Ulm was $738,750 in October 2024, down 65.6% from last month, and the median price per square foot was $547.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$738.7K
N/A
3 --
N/A
4 --
N/A
5+ $2.1M-
N/A

Summary: New Ulm housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cat Spring
+46.0%
New Ulm
-65.6%

Housing Supply in New Ulm, TX

How many homes are available in New Ulm, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1213+8.3%

Summary: The New Ulm real estate market had 13 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 46
+50.0%
4 22
0.0%
5+ 10
-100.0%

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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Ulm, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in New Ulm in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for New Ulm, TX

How long does it take to sell a home in New Ulm, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
81 Days118 Days+46.3%

Summary: Homes in New Ulm had an average of 118 days on market in Oct 2024, up by 46.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in New Ulm are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 2 homes were sold in New Ulm; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in New Ulm, TX

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