Is Freeport, MN 56331 a buyer’s or seller’s market?
Freeport is a seller’s market. With about 0.3 months of supply and 9% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Freeport housing market right now
In the three months ending August 31, 2026, 9% of homes in Freeport, MN 56331 sold above their list price, the typical home went under contract in 61 days and there were 0.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 75%, homes sold more slowly (9 days then) and the median sale price rose 11% to $329,857. Overall, Freeport is less competitive than a year ago, which gives buyers more room.
Within Stearns County, homes here sell more slowly than in 95% of the county’s ZIP codes, and sell less often over asking than in 80%.
Nearby, buyers who want less competition could look at Saint Stephen 56375 (0% sold over asking) or New Munich 56356 (0% sold over asking), while Holdingford 56340 (38% sold over asking) and Cold Spring 56320 (36% sold over asking) are even more competitive.
Run the numbers for 56331
Nearby markets
Albany 56307Seller’s market $179 /sq ftAvon 56310Balanced $180 /sq ftBelgrade 56312Seller’s market $177 /sq ftClearwater 55320Seller’s market $188 /sq ft Browse all markets →Towns like Freeport nearby
Find towns like Freeport in other states →Where Freeport is
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Questions about Freeport real estate
Is Freeport a buyer’s or seller’s market?
A seller’s market: there were 0.3 months of supply in Freeport, MN 56331 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 Freeport?
The typical home went under contract in 61 days in the latest three months.
Do homes in Freeport sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Freeport?
About 1.00% of a home’s value a year in Stearns County, or roughly $4,000 on a $400,000 home.
What is the median home price in Freeport?
The median sale price was $329,857 in the three months ending August 31, 2026, about $169 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