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Is New Ulm, TX 78950 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

New Ulm is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list86.3%Sold price ÷ list price
Median days on market94Listing to accepted offer
Median price per sq ft$181▼ −37.6% vs. last year

The New Ulm housing market right now

In the three months ending August 31, 2026, 0% of homes in New Ulm, TX 78950 sold above their list price, the typical home went under contract in 94 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (16 days then) and the median sale price fell 57% to $364,842. Overall, New Ulm is less competitive than a year ago, which gives buyers more room.

Within Austin County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Sealy 77474 (10% sold over asking) is even more competitive.

Run the numbers for 78950

Prefilled for 78950Can I win this house?Multiple-offer likelihood for a listing Prefilled for 78950Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bellville 77418Buyer’s market $174 /sq ftIndustry 78944Seller’s market $64 /sq ftSealy 77474Buyer’s market $173 /sq ftWallis 77485Buyer’s market $157 /sq ft Browse all markets →

Towns like New Ulm nearby

Find towns like New Ulm in other states →
Washington, TX77880 · 32 miles away90% similar7 min longer commute Fayetteville, TX78940 · 9 miles away85% similarpricier homes ($45K more) · older residents Burton, TX77835 · 19 miles away76% similarpricier homes ($147K more) Weimar, TX78962 · 22 miles away71% similarlarger · older homes

Where New Ulm is

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Questions about New Ulm real estate

Is New Ulm a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in New Ulm, TX 78950 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in New Ulm?

The typical home went under contract in 94 days in the latest three months.

Do homes in New Ulm sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 86.3% of the list price.

What are property taxes in New Ulm?

About 1.16% of a home’s value a year in Austin County, or roughly $4,640 on a $400,000 home.

What is the median home price in New Ulm?

The median sale price was $364,842 in the three months ending August 31, 2026, about $181 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology