Pittsfield USDA Loan Rates, Closing Costs & Stats
PITTSFIELD, MA
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Pittsfield's 2 lenders originated 4 USDA loans during 2023. The total origination value was $1,100,000, with an average USDA loan value of $275,000.
Pittsfield USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Pittsfield
averaged
6.03%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Pittsfield's average USDA mortgage closing costs are $5,615.
The average rate for the prior week (2024-04-12) was
6.18% and
one month ago for the week of 2024-03-15, the
average rate was 5.77%.
The average rate one year ago was 5.81%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.31%.
Pittsfield USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Pittsfield level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| ACADEMY MORTGAGE CORPORATION | 3 | 7.17% | $12,220 |
| CIBM Bank | 1 | 6.38% | $6,224 |
The top Pittsfield USDA lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with
3 USDA loans originated. Their average total fees are
$12,220, which is $5,996
higher than the next largest lender,
CIBM Bank.
The lowest fee Pittsfield USDA lenders (with over 10 loans originated) are
.
The lowest rate Pittsfield USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Pittsfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $352,250 (17.5%) | $526,672 (-4.7%) | 1.31 | 854 |
| 2018-02-01 | $364,450 (12.1%) | $527,727 (-9.0%) | 1.32 | 850 |
| 2018-03-01 | $379,250 (13.3%) | $554,002 (-6.6%) | 1.33 | 844 |
| 2018-04-01 | $389,125 (12.8%) | $564,965 (-3.4%) | 1.32 | 884 |
| 2018-05-01 | $396,500 (13.5%) | $562,723 (-2.1%) | 1.32 | 946 |
| 2018-06-01 | $379,000 (8.0%) | $551,844 (-3.7%) | 1.26 | 1,037 |
| 2018-07-01 | $369,000 (5.4%) | $534,923 (-5.4%) | 1.23 | 1,119 |
| 2018-08-01 | $366,500 (4.7%) | $532,574 (-4.2%) | 1.23 | 1,144 |
| 2018-09-01 | $359,000 (2.6%) | $528,740 (-4.0%) | 1.21 | 1,138 |
| 2018-10-01 | $357,000 (2.0%) | $549,234 (0.9%) | 1.21 | 1,128 |
| 2018-11-01 | $369,450 (-1.4%) | $573,651 (5.2%) | 1.25 | 1,029 |
| 2018-12-01 | $374,900 (1.6%) | $582,366 (8.7%) | 1.29 | 943 |
| 2019-01-01 | $361,000 (2.5%) | $588,845 (11.8%) | 1.25 | 827 |
| 2019-02-01 | $370,225 (1.6%) | $600,562 (13.8%) | 1.25 | 805 |
| 2019-03-01 | $374,943 (-1.1%) | $606,219 (9.4%) | 1.23 | 809 |
| 2019-04-01 | $374,993 (-3.6%) | $601,617 (6.5%) | 1.19 | 853 |
| 2019-05-01 | $369,000 (-6.9%) | $600,885 (6.8%) | 1.15 | 936 |
| 2019-06-01 | $369,000 (-2.6%) | $579,866 (5.1%) | 1.15 | 1,051 |
| 2019-07-01 | $372,175 (0.9%) | $576,932 (7.9%) | 1.17 | 1,113 |
| 2019-08-01 | $373,364 (1.9%) | $578,296 (8.6%) | 1.18 | 1,091 |
| 2019-09-01 | $370,909 (3.3%) | $575,053 (8.8%) | 1.19 | 1,051 |
| 2019-10-01 | $369,000 (3.4%) | $574,532 (4.6%) | 1.19 | 1,011 |
| 2019-11-01 | $369,250 (-0.1%) | $602,672 (5.1%) | 1.21 | 923 |
| 2019-12-01 | $383,450 (2.3%) | $694,079 (19.2%) | 1.28 | 777 |
| 2020-01-01 | $391,500 (8.5%) | $713,809 (21.2%) | 1.31 | 668 |
| 2020-02-01 | $389,000 (5.1%) | $724,616 (20.7%) | 1.27 | 645 |
| 2020-03-01 | $399,450 (6.5%) | $724,527 (19.5%) | 1.25 | 677 |
| 2020-04-01 | $404,113 (7.8%) | $737,263 (22.6%) | 1.27 | 671 |
| 2020-05-01 | $425,000 (15.2%) | $736,884 (22.6%) | 1.29 | 708 |
| 2020-06-01 | $449,725 (21.9%) | $752,378 (29.8%) | 1.32 | 704 |
| 2020-07-01 | $430,000 (15.5%) | $763,395 (32.3%) | 1.25 | 653 |
| 2020-08-01 | $449,000 (20.3%) | $785,575 (35.8%) | 1.29 | 613 |
| 2020-09-01 | $454,500 (22.5%) | $784,607 (36.4%) | 1.30 | 590 |
| 2020-10-01 | $449,000 (21.7%) | $839,892 (46.2%) | 1.29 | 545 |
| 2020-11-01 | $422,000 (14.3%) | $936,397 (55.4%) | 1.23 | 477 |
| 2020-12-01 | $409,500 (6.8%) | $952,918 (37.3%) | 1.22 | 420 |
| 2021-01-01 | $432,500 (10.5%) | $1,025,096 (43.6%) | 1.29 | 334 |
| 2021-02-01 | $501,875 (29.0%) | $948,451 (30.9%) | 1.46 | 271 |
| 2021-03-01 | $529,000 (32.4%) | $995,601 (37.4%) | 1.50 | 242 |
| 2021-04-01 | $525,000 (29.9%) | $1,026,983 (39.3%) | 1.42 | 251 |
| 2021-05-01 | $499,450 (17.5%) | $988,820 (34.2%) | 1.33 | 294 |
| 2021-06-01 | $475,000 (5.6%) | $951,161 (26.4%) | 1.25 | 360 |
| 2021-07-01 | $472,450 (9.9%) | $942,275 (23.4%) | 1.25 | 400 |
| 2021-08-01 | $487,000 (8.5%) | $890,220 (13.3%) | 1.30 | 437 |
| 2021-09-01 | $475,000 (4.5%) | $905,162 (15.4%) | 1.27 | 447 |
| 2021-10-01 | $449,000 (0.0%) | $831,550 (-1.0%) | 1.20 | 431 |
| 2021-11-01 | $426,175 (1.0%) | $822,829 (-12.1%) | 1.14 | 377 |
| 2021-12-01 | $422,475 (3.2%) | $831,083 (-12.8%) | 1.14 | 302 |
| 2022-01-01 | $430,950 (-0.4%) | $911,018 (-11.1%) | 1.17 | 242 |
| 2022-02-01 | $439,225 (-12.5%) | $977,742 (3.1%) | 1.14 | 201 |
| 2022-03-01 | $449,900 (-15.0%) | $1,011,135 (1.6%) | 1.13 | 195 |
| 2022-04-01 | $425,000 (-19.1%) | $998,477 (-2.8%) | 1.01 | 199 |
| 2022-05-01 | $447,225 (-10.5%) | $881,658 (-10.8%) | 1.02 | 244 |
| 2022-06-01 | $461,250 (-2.9%) | $915,448 (-3.8%) | 1.03 | 281 |
| 2022-07-01 | $449,450 (-4.9%) | $877,778 (-6.8%) | 1.01 | 350 |
| 2022-08-01 | $458,225 (-5.9%) | $927,374 (4.2%) | 1.06 | 336 |
| 2022-09-01 | $439,500 (-7.5%) | $936,813 (3.5%) | 1.03 | 349 |
| 2022-10-01 | $449,000 (0.0%) | $904,402 (8.8%) | 1.06 | 348 |
| 2022-11-01 | $447,000 (4.9%) | $930,557 (13.1%) | 1.07 | 300 |
| 2022-12-01 | $447,000 (5.8%) | $963,607 (16.0%) | 1.10 | 255 |
| 2023-01-01 | $470,725 (9.2%) | $1,059,000 (16.2%) | 1.17 | 213 |
| 2023-02-01 | $476,675 (8.5%) | $1,159,235 (18.6%) | 1.15 | 205 |
| 2023-03-01 | $509,500 (13.3%) | $1,121,234 (10.9%) | 1.20 | 203 |
| 2023-04-01 | $485,000 (14.1%) | $932,455 (-6.6%) | 1.13 | 249 |
| 2023-05-01 | $507,450 (13.5%) | $1,022,174 (15.9%) | 1.15 | 269 |
| 2023-06-01 | $496,000 (7.5%) | $1,004,764 (9.8%) | 1.11 | 308 |
| 2023-07-01 | $525,000 (16.8%) | $1,036,142 (18.0%) | 1.19 | 337 |
| 2023-08-01 | $519,675 (13.4%) | $1,011,323 (9.1%) | 1.19 | 365 |
| 2023-09-01 | $522,450 (18.9%) | $992,913 (6.0%) | 1.22 | 365 |
| 2023-10-01 | $522,000 (16.3%) | $964,990 (6.7%) | 1.23 | 356 |
| 2023-11-01 | $524,975 (17.4%) | $952,578 (2.4%) | 1.25 | 355 |
| 2023-12-01 | $482,000 (7.8%) | $940,243 (-2.4%) | 1.18 | 330 |
| 2024-01-01 | $450,000 (-4.4%) | $937,190 (-11.5%) | 1.10 | 270 |
| 2024-02-01 | $469,975 (-1.4%) | $981,238 (-15.4%) | 1.13 | 251 |
| 2024-03-01 | $499,000 (-2.1%) | $1,030,653 (-8.1%) | 1.17 | 244 |
Pittsfield's median listing price comes in at 117% of the national average.
Pittsfield's average listing price for 2024-03-01 was $1,030,653, a difference of $-90,581 (-8.1%) versus the prior year and $49,415 versus the prior month.
For the 2024-03-01 period, Pittsfield had 244 MLS listings, a difference of -7 listings (-3%) versus the prior month and 41 listings (20%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Pittsfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 128 days | 2,036 sqft |
| 2018-02-01 | 134 days | 2,028 sqft |
| 2018-03-01 | 134 days | 2,040 sqft |
| 2018-04-01 | 119 days | 2,060 sqft |
| 2018-05-01 | 84 days | 2,060 sqft |
| 2018-06-01 | 68 days | 2,009 sqft |
| 2018-07-01 | 66 days | 2,000 sqft |
| 2018-08-01 | 73 days | 2,023 sqft |
| 2018-09-01 | 84 days | 1,997 sqft |
| 2018-10-01 | 93 days | 1,973 sqft |
| 2018-11-01 | 104 days | 2,035 sqft |
| 2018-12-01 | 115 days | 2,043 sqft |
| 2019-01-01 | 119 days | 1,990 sqft |
| 2019-02-01 | 128 days | 2,003 sqft |
| 2019-03-01 | 118 days | 2,009 sqft |
| 2019-04-01 | 97 days | 2,004 sqft |
| 2019-05-01 | 72 days | 2,014 sqft |
| 2019-06-01 | 67 days | 2,003 sqft |
| 2019-07-01 | 72 days | 2,001 sqft |
| 2019-08-01 | 80 days | 2,007 sqft |
| 2019-09-01 | 89 days | 1,993 sqft |
| 2019-10-01 | 97 days | 1,979 sqft |
| 2019-11-01 | 101 days | 2,001 sqft |
| 2019-12-01 | 112 days | 2,023 sqft |
| 2020-01-01 | 122 days | 2,021 sqft |
| 2020-02-01 | 130 days | 2,016 sqft |
| 2020-03-01 | 118 days | 2,106 sqft |
| 2020-04-01 | 107 days | 2,127 sqft |
| 2020-05-01 | 95 days | 2,136 sqft |
| 2020-06-01 | 86 days | 2,126 sqft |
| 2020-07-01 | 59 days | 2,088 sqft |
| 2020-08-01 | 58 days | 2,086 sqft |
| 2020-09-01 | 50 days | 2,052 sqft |
| 2020-10-01 | 57 days | 2,086 sqft |
| 2020-11-01 | 71 days | 2,030 sqft |
| 2020-12-01 | 86 days | 2,013 sqft |
| 2021-01-01 | 98 days | 2,050 sqft |
| 2021-02-01 | 101 days | 2,210 sqft |
| 2021-03-01 | 72 days | 2,221 sqft |
| 2021-04-01 | 38 days | 2,183 sqft |
| 2021-05-01 | 36 days | 2,152 sqft |
| 2021-06-01 | 37 days | 2,138 sqft |
| 2021-07-01 | 41 days | 2,148 sqft |
| 2021-08-01 | 46 days | 2,105 sqft |
| 2021-09-01 | 51 days | 2,102 sqft |
| 2021-10-01 | 61 days | 1,992 sqft |
| 2021-11-01 | 69 days | 1,921 sqft |
| 2021-12-01 | 79 days | 1,846 sqft |
| 2022-01-01 | 103 days | 1,854 sqft |
| 2022-02-01 | 95 days | 1,865 sqft |
| 2022-03-01 | 64 days | 1,882 sqft |
| 2022-04-01 | 40 days | 1,842 sqft |
| 2022-05-01 | 35 days | 1,899 sqft |
| 2022-06-01 | 34 days | 1,897 sqft |
| 2022-07-01 | 38 days | 1,844 sqft |
| 2022-08-01 | 49 days | 1,905 sqft |
| 2022-09-01 | 53 days | 1,805 sqft |
| 2022-10-01 | 61 days | 1,843 sqft |
| 2022-11-01 | 70 days | 1,882 sqft |
| 2022-12-01 | 82 days | 1,906 sqft |
| 2023-01-01 | 98 days | 1,908 sqft |
| 2023-02-01 | 95 days | 1,875 sqft |
| 2023-03-01 | 72 days | 1,895 sqft |
| 2023-04-01 | 44 days | 1,932 sqft |
| 2023-05-01 | 45 days | 2,016 sqft |
| 2023-06-01 | 42 days | 1,966 sqft |
| 2023-07-01 | 46 days | 1,997 sqft |
| 2023-08-01 | 50 days | 1,985 sqft |
| 2023-09-01 | 53 days | 1,935 sqft |
| 2023-10-01 | 68 days | 1,927 sqft |
| 2023-11-01 | 68 days | 1,885 sqft |
| 2023-12-01 | 73 days | 1,891 sqft |
| 2024-01-01 | 87 days | 1,849 sqft |
| 2024-02-01 | 92 days | 1,867 sqft |
| 2024-03-01 | 74 days | 1,863 sqft |
Pittsfield's median square footage for active listings during the 2024-03-01 period was 1,863 sqft. One year prior, the average listing was 1,895 sqft.