Is New Ulm, MN 56073 a buyer’s or seller’s market?
New Ulm is a seller’s market. With about 2.4 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2.4Under 4 months = seller’s market
Sold above original list39.6%Share of sales, last 3 months
Median sale-to-list99.7%Sold price ÷ list price
Median days on market15Listing to accepted offer
Median price per sq ft$140▲ +4.0% vs. last year
Run the numbers for 56073
Nearby markets
Comfrey 56019Seller’s market $98 /sq ftHanska 56041Seller’s market $151 /sq ftSleepy Eye 56085Seller’s market $106 /sq ftSpringfield 56087Seller’s market $92 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology