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NEW ULM, MN 56073

Real Estate Market Report  ·  Brown County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
33
⇧ 50% vs 22 last year
Pending
9
27% pending ratio
Median Price
$299,900
⇧ 21.2% vs $247,425 last year
Average Price
$324,815
⇧ 30.3% vs $249,235 last year
Days on Market
66
⇩ 34.7% vs 101 days last year

Market Context

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

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

Market Analysis

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

The NEW ULM, MN real estate market (56073) currently shows 33 active listings, with 9 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 66 days on market compared to 101 days last year.

The median listing price has risen 21.2% year-over-year, from $247,425 to $299,900.

Whether you are buying or selling in NEW ULM, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 22 last year
  • Days on market: 66 now vs 101 last year

Median & Average Pricing

Year over Year
  • Median: $299,900 (+21.2% YoY)
  • Average: $324,815 (+30.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.9 miles — 154 listings ($51,816,149 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56073New Ulm, MN 560730.0 mi33$10,718,895$299,900$324,815
56054Lafayette, MN 5605410.1 mi4$872,000$220,000$218,000
56074Nicollet, MN 5607413.2 mi5$1,839,875$381,950$367,975
56055Lake Crystal, MN 5605516.7 mi17$4,326,194$219,900$254,482
56062Madelia, MN 5606218.1 mi4$1,064,600$309,900$266,150
56003Mankato, MN 5600319.9 mi27$11,610,000$359,900$430,000
56082Saint Peter, MN 5608221.7 mi25$8,276,975$325,000$331,079
56266Morgan, MN 5626623.2 mi5$1,004,375$230,500$200,875
56022Darfur, MN 5602225.5 mi0$0$159,000$159,000
56050Kasota, MN 5605026.0 mi3$1,192,200$397,400$397,400
55307Arlington, MN 5530726.9 mi10$2,741,860$224,000$274,186
55312Brownton, MN 5531228.4 mi5$1,480,375$277,150$296,075
56058Le Sueur, MN 5605828.9 mi16$6,688,800$400,000$418,050

Frequently Asked Questions

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

As of January 2026, there are 33 active listings in NEW ULM, MN (zip code 56073), compared to 22 the prior year.

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

The median listing price in NEW ULM, MN 56073 is $299,900 as of January 2026, a 21.2% increase from $247,425 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 66 days on the market before going under contract, compared to 101 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 January 2026, NEW ULM, MN 56073 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 66 days on market compared to 101 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 $5,998 compared to a typical 5% commission on the median listing price of $299,900. 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.