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Foreclosure Homes in New Ulm, MN 56073

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New Ulm, MN Foreclosures

How much do homes sell for in New Ulm, MN?
The average home price is currently $295,017.
In New Ulm, MN, how many homes are available?
There are currently 28 active home listings available in New Ulm.
What’s the average rental cost in New Ulm, MN?
The average rental price in New Ulm is $1,364.
What is the most expensive home in New Ulm?
The most expensive home sold in New Ulm had a price of $3,605,712.
What is currently the cheapest priced home in New Ulm, MN?
The cheapest home for sale in New Ulm is priced at $18,632.

Living in New Ulm, MN

New Ulm, MN is a picturesque community celebrated for its German heritage and vibrant local culture. Boasting a range of outdoor activities alongside robust educational facilities, it offers an enviable quality of life for families and individuals alike. The city's beautiful parks and recreational areas further enhance its appeal, making it a great place to live and explore.

Current Market Conditions in New Ulm, MN

The real estate market in New Ulm remains stable with a steady demand for housing. Recent trends show a moderate increase in property values, driven by continued interest in the community's charm and amenities. Buyers are attracted to the variety of homes available, from historic properties to new builds.

There is a balanced supply and demand dynamic, with homes selling within a reasonable timeframe due to competitive pricing. The market is appealing to both first-time buyers and those looking to invest, resulting in a lively yet manageable market environment.

Home Value Estimator For New Ulm, MN

There are currently 6,048 real estate properties in New Ulm, MN, with a median automated valuation model (AVM) price of $240,021.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Ulm, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New Ulm, MN, is $295,017.00, with the most expensive house in New Ulm, MN, topping out at $3,605,712.00 and the cheapest home in New Ulm, MN, clocking in at $18,632.00. In other words, there’s something for every potential homebuyer or savvy investor in New Ulm, MN!

Rent Prices In New Ulm, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Ulm, MN, is on a rollercoaster ride. The average rent price in New Ulm, MN, is $1,364.00. Indeed, when looking to rent in New Ulm, MN, you can expect to pay as little as $570.00 or as much as $3,200.00, with the average rent median estimated to be $1,310.00. The good news is that finding an affordable and desirable property to rent in New Ulm, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

New Ulm, MN 56073 Foreclosures

Market Trend for New Ulm, MN

Total Listings Available: 28

Market Values:

Home Prices from $18,632 to $3,605,712

Average Sales Price: $295,017

Rental Values:

Rental from $570 to $3,200

Average Rent Value: $1,364 / month

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