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 20 Days Ago

Newest Listings in New Ulm, TX

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