Is Freeborn County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Freeborn County has remained a Seller's Market.
Key Takeaway
Freeborn County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Freeborn County, MN
How much do homes in Freeborn County, MN cost?
Median Sold Price
$161,950
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Freeborn County have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Freeborn County was $161,950 in March 2024, up 2.6% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $105.5K | +20.6% |
| 2 Bedrooms | $130K | $125K | -3.8% |
| 3 Bedrooms | $156K | $154K | -1.3% |
| 4 Bedrooms | $234.5K | $206.5K | -11.9% |
| 5+ Bedrooms | $245K | $315K | +28.6% |
Summary: Freeborn County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Counties
| Waseca County | $215K | $241K | +12.1% |
| Mower County | $171.3K | $185.1K | +8.1% |
| Freeborn County | $157.7K | $161.9K | +2.6% |
| Steele County | $261.9K | $264.5K | +1.0% |
Housing Supply in Freeborn County, MN
How many homes are available in Freeborn County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 84 | +10.5% |
Summary: The Freeborn County real estate market had 84 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Freeborn County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Freeborn County, you may be able to get a good deal. 77.3% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Freeborn County in March 2024, up by 22.2% month-over-month. Of the 22 sold homes, 77% were sold under asking, 9% were sold at asking, and 14% were sold over asking.
Days on Market for Freeborn County, MN
How long does it take to sell a home in Freeborn County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 74 Days | +3.7% |
Summary: Homes in Freeborn County had an average of 74 days on market in Mar 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Freeborn County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Freeborn County; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
