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NEW ULM, MN 56073

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The NEW ULM, MN real estate market (56073) currently shows 64 active listings, with 20 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 45 days on market compared to 30 days last year.

The median listing price has fallen 4.4% year-over-year, from $263,900 to $252,400.

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Market Context

Market Context

Population: 17,418  ·  Density: 33.5/mi²  ·  Median household income: $67,047

Typical home value: $184,180  ·  Homeownership: 76.9%

Market Overview

Active Listings
64
⇧ 52.4% vs 42 last year
Pending
20
31% pending ratio
Median Price
$252,400
⇩ 4.4% vs $263,900 last year
Average Price
$297,873
⇩ 4.1% vs $310,486 last year
Days on Market
45
⇧ 50% vs 30 days last year

Price Per Square Foot

Median $/sqft
$128
⇧ 11.3% vs $115/sqft last year
Median Home Size
2,175 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 64 this year vs 42 last year
  • Days on market: 45 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $252,400 (-4.4% YoY)
  • Average: $297,873 (-4.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 29.0 miles — 218 listings ($69,975,439 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56073New Ulm, MN 560730.0 mi36$11,559,744$299,450$321,104
56085Sleepy Eye, MN 5608513.2 mi8$1,848,200$213,650$231,025
55335Gibbon, MN 5533515.8 mi5$816,315$164,925$163,263
55396Winthrop, MN 5539617.1 mi8$1,663,768$206,175$207,971
55332Fairfax, MN 5533218.7 mi3$904,200$301,400$301,400
55334Gaylord, MN 5533420.3 mi6$1,392,000$232,000$232,000
56081Saint James, MN 5608123.1 mi29$6,002,159$190,950$206,971
56019Comfrey, MN 5601924.8 mi3$249,000$83,000$83,000
56060Lewisville, MN 5606026.0 mi1$159,950$159,950$159,950
56090Vernon Center, MN 5609026.8 mi2$450,000$225,000$225,000
56001Mankato, MN 5600127.2 mi107$42,479,535$319,900$397,005
56120Butterfield, MN 5612028.8 mi6$1,070,700$186,000$178,450
56037Good Thunder, MN 5603729.0 mi4$1,379,868$406,900$344,967

Frequently Asked Questions

How many homes are for sale in NEW ULM, MN 56073?

As of September 2026, there are 64 active listings in NEW ULM, MN (zip code 56073), compared to 42 the prior year.

What is the median home price in NEW ULM, MN 56073?

The median listing price in NEW ULM, MN 56073 is $252,400 as of September 2026, a 4.4% decrease from $263,900 the prior year.

How long do homes stay on the market in NEW ULM, MN?

Homes in NEW ULM, MN 56073 spend an average of 45 days on the market before going under contract, compared to 30 days the prior year.

Is it a seller's or buyer's market in NEW ULM, MN 56073?

Based on current inventory and days-on-market data as of September 2026, NEW ULM, MN 56073 is currently a Buyer's Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 45 days on market compared to 30 days last year.

How much can I save on real estate commission in NEW ULM, MN?

With SELL123.com's maximum 3% commission, sellers in NEW ULM, MN 56073 save an estimated $5,048 compared to a typical 5% commission on the median listing price of $252,400. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.