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 3 lenders originated 10 USDA loans during 2022. The total origination value was $1,890,000, with an average USDA loan value of $189,000.

Pittsfield USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Pittsfield averaged 5.64% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Pittsfield's average USDA mortgage closing costs are $5,432.

The average rate for the prior week (2024-02-23) was 5.59% and one month ago for the week of 2024-01-26, the average rate was 5.65%.

The average rate one year ago was 5.21%.

For refis of the same type during the week of 2024-03-01, the average rate was 4.94%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
ACADEMY MORTGAGE CORPORATION 7 4.70% $7,264
Adams Community Bank 2 3.63% $3,821
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $7,316

The top Pittsfield USDA lender as defined by loan originations is ACADEMY MORTGAGE CORPORATION, with 7 USDA loans originated. Their average total fees are $7,264, which is $3,443 higher than the next largest lender, Adams Community 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
Pittsfield's median listing price for 2024-01-01 was $450,000, a difference of $-20,725 (-4.4%) versus the prior year and $-32,000 versus the prior month.

Pittsfield's median listing price comes in at 110% of the national average.

Pittsfield's average listing price for 2024-01-01 was $937,190, a difference of $-121,810 (-11.5%) versus the prior year and $-3,053 versus the prior month.

For the 2024-01-01 period, Pittsfield had 270 MLS listings, a difference of -60 listings (-18%) versus the prior month and 57 listings (27%) 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
Pittsfield's median listing age (time on market) for 2024-01-01 was 87 days. This is -11% shorter than the same period one year ago.

Pittsfield's median square footage for active listings during the 2024-01-01 period was 1,849 sqft. One year prior, the average listing was 1,908 sqft.