Is Freeborn, MN 56032 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Freeborn is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Freeborn housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Freeborn County, MN

Population	407
Median income	$50,000
Average income	$64,751
Median home value	$103,100
Median rent	$820/month
Owner-occupied	83% of homes
Median year built	1949

Natural hazard riskTornadoes (relatively high), winter storms (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 56032; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56032

Prefilled for 56032Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56032Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Albert Lea 56007Seller’s market $131 /sq ft Alden 56009Balanced $108 /sq ft Clarks Grove 56016Seller’s market $121 /sq ft Emmons 56029Balanced $145 /sq ft Browse all markets →

Where Freeborn is

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Questions about Freeborn real estate

What are property taxes in Freeborn?

About 1.11% of a home’s value a year in Freeborn County, or roughly $4,440 on a $400,000 home.

Local agents

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More tools for 56032

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Freeborn County property taxes Freeborn County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

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