I've tried static and dynamic. I've been using build all to get the error and I've tried just build sfml graphics.
How do I make sure libfreetype linked properly
I would guess adding the contents of:
SFMLDIR/extlibs/libs-mingw/*
To the list of libraries to link. The list is found by rightclick project->build options->choose tab linker settings ->the list to the left.
Make sure it goes for the target "All"(found in list to most-left).
If you run into problems, You should also add
SFMLDIR/extlibs/headers
To the "Tab search directories "-> "compiler" list.