Freeport currently leans toward sellers, with the market gauge reading 25 and labeled a seller's market. Months of supply sit at 3.2, which is relatively tight and helps support seller leverage. At the same time, an average sale-to-list ratio of about 95 percent shows buyers still have some room to negotiate.
Looking at this rolling three-month view, prices have moved down from a year ago even as asking prices have climbed. The typical home value is just under $120,000, with the median sale price down more than 20 percent year over year, while the median list price is up nearly 40 percent compared with last year, highlighting a gap between seller expectations and closed sale prices. Inventory has expanded, with active listings up more than 40 percent annually, yet homes are taking longer to sell, as median days on market have risen about 51 percent to 102 days.
Sales activity shows a slower pace, with homes sold down about 42 percent and pending sales down roughly 33 percent from a year earlier in this rolling period. Months of supply have more than doubled year over year, indicating that, despite the seller-leaning gauge, buyers have more options than they did previously. No recent sales closed above asking price, further underscoring a shift in negotiating power toward buyers even within a seller-labeled market. Both buyers and sellers in Freeport can benefit from Agent Pronto’s help connecting them with an experienced local agent who understands these dynamics.
