$414 Closing Credit*
$34,900
842 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Leland Realty
Is Freeborn County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$159,966
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,145(-3.1%)
Key Takeaway
Homes in Freeborn County have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Freeborn County was $159,966 in October 2024, down 3.1% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.5K | $59K | -38.9% |
| 2 Bedrooms | $132.5K | $130K | -1.9% |
| 3 Bedrooms | $156.4K | $159.9K | +2.2% |
| 4 Bedrooms | $220K | $225.9K | +2.7% |
| 5+ Bedrooms | $319.9K | $269.9K | -15.6% |
Summary: Freeborn County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Counties
| Steele County | $263.4K | $280K | +6.3% |
| Mower County | $178.7K | $184K | +3.0% |
| Freeborn County | $165.1K | $159.9K | -3.1% |
| Waseca County | $238.2K | $230K | -3.5% |
Housing Supply in Freeborn County, MN
How many homes are available in Freeborn County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 136 | 131 | -3.7% |
Summary: The Freeborn County real estate market had 131 homes for sale in October 2024, a 3.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 33 | 29 | -12.1% |
| 3 Bedrooms | 59 | 55 | -6.8% |
| 4 Bedrooms | 34 | 36 | +5.9% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Freeborn County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 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. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Freeborn County in October 2024, down by 17.2% month-over-month. Of the 24 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 33 Days | -30.2% |
Summary: Homes in Freeborn County had an average of 33 days on market in Oct 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Freeborn County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Freeborn County; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
