$2,672 Closing Credit*
$225,000
1,440 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Preferred Rlty
Is Freeborn County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$161,966
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,670(-2.2%)
Key Takeaway
Homes in Freeborn County have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Freeborn County was $161,966 in November 2024, down 2.2% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $59K | -44.9% |
| 2 Bedrooms | $132.5K | $130K | -1.9% |
| 3 Bedrooms | $157.9K | $163K | +3.2% |
| 4 Bedrooms | $220K | $215.9K | -1.8% |
| 5+ Bedrooms | $315K | $303.5K | -3.7% |
Summary: Freeborn County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.9%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Counties
| Steele County | $263.9K | $280K | +6.1% |
| Mower County | $179.7K | $185.5K | +3.2% |
| Waseca County | $237.5K | $234.5K | -1.3% |
| Freeborn County | $165.6K | $161.9K | -2.2% |
Housing Supply in Freeborn County, MN
How many homes are available in Freeborn County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 119 | 128 | +7.6% |
Summary: The Freeborn County real estate market had 128 homes for sale in November 2024, a 7.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 49 | 53 | +8.2% |
| 4 Bedrooms | 34 | 37 | +8.8% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Freeborn County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 29 | +20.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 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. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Freeborn County in November 2024, up by 20.8% month-over-month. Of the 29 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 38 Days | -39.9% |
Summary: Homes in Freeborn County had an average of 38 days on market in Nov 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 29 homes were sold in Freeborn County; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
