Is New Ulm, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Ulm has remained a Buyer's Market.
Housing Prices in New Ulm, TX
How much do homes in New Ulm, TX cost?
Median Sold Price
$500,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Ulm was $500,000 in April 2024, down 7% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | - | N/A |
2 Bedrooms | $567.5K | $1.0M | +76.2% |
3 Bedrooms | $515K | $450K | -12.6% |
4 Bedrooms | $771.7K | $675K | -12.5% |
5+ Bedrooms | $4.6M | $3.5M | -25.4% |
Summary: New Ulm housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 76.2%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25.4%.
Housing Supply in New Ulm, TX
How many homes are available in New Ulm, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Summary: The New Ulm real estate market had 16 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The New Ulm housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in New Ulm in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
93 Days | 2 Days | -97.8% |
Summary: Homes in New Ulm had an average of 2 days on market in Apr 2024, down by 97.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in New Ulm; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.