Photo: Schwerdf · CC BY 4.0144 homes sold in New Ulm in the last year, at a typical $248K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where New Ulm homes are listed.
Every place New Ulm homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to New Ulm.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 99% of New Ulm’s sales, at a typical $249K
144 homes sold in the year to May 2026.
typical sale · 143 sold in 12 months
- Per square foot
- $132MN $191
- Days to sell
- 28
- Sold over asking
- 34%
- Listings with a price cut
- 24%
Multi-family (2–4 units): 1 sold, typical $163K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 1.9 times the 2016 price
144 sales in the last year, against 227 in 2018 and a low of 131 in 2023. The typical sale went from $131K in 2016 to $248K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in New Ulm
Check a listing against what New Ulm homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in New Ulm are more common than before the pandemic, but 56% fewer homes come up for sale
We read every month of New Ulm’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 144 sales.
If you’re buying in New Ulm
- Shop in April. It brings about 21 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- You can negotiate. 24% of listings have cut their price, against 4% before the pandemic.
- Bid near asking. Buyers paid 98.9% of the list price on average; 33% paid over.
- You’ll usually have time. Only 43% of homes go under contract within two weeks; the typical one takes 28 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 24 a month), but July is the most competitive: 39% of July sales close over asking. February has the least competition (22%) but only about 9 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Minnesota as a whole
| New Ulm now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 33% | 28% | 46% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 43% | 2% | 3% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 24% | 4% | 4% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.9% | 98.2% | 100.3% | 99.2% |
| Days to sellMedian days from listing to contract | 28 | 68 | 61 | 35 |
22 homes for sale on a typical day
That’s 56% fewer than in 2017–19 and well under 2013’s 77.
1 in 4 listings has cut its price
24% in the last year, against 4% in 2017–19 and 28% across Minnesota. More sellers are pricing high and coming down.
New Ulm ranks 71st of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. New Ulm is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical New Ulm home costs about $1,530 a month
Price: New Ulm’s typical sale, last 12 months. Property tax at New Ulm’s 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether New Ulm is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 6.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $248K home, about $2,830 a year.
Taxes vs. neighborsSchools
The schools grade for New Ulm, from test results, graduation and how much students grow.
Schools in New UlmCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to New Ulm, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to New Ulm. People who follow the town see it, and so do people comparing New Ulm with their own town. No commission, no listing fee.
Questions about buying a home in New Ulm
What do homes sell for in New Ulm, MN?
144 homes sold in the year to May 2026 at a typical $248K, $132 a square foot.
Is New Ulm a buyer’s or seller’s market?
A seller’s market: 23 homes were for sale in May 2026 and 14 sold, about 1.6 months of supply. Buyers paid 98.9% of asking on average, and 24% of listings cut their price.
When is the best time to buy in New Ulm?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in New Ulm?
About 1.1% of a home’s value a year. On a $248K home that’s near $2,830.
Where can I see homes for sale in New Ulm?
Zillow, Redfin, Realtor.com and Homes.com all carry New Ulm’s MLS listings; the search links above open each one filtered to New Ulm.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).