Alamogordo Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Alamogordo averaged 6.39% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.19% and one month ago for the week of 2024-09-05, the average rate was 6.32%.

Alamogordo's average rate one year ago was 7.66%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.52%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Alamogordo 30 Year Fixed Rate 2024-10-10 6.39%
Alamogordo 30 Year Fixed Rate Refi 2024-10-10 6.52%
Alamogordo 15 Year Fixed Rate 2024-10-10 5.21%
Alamogordo 15 Year Fixed Rate Refi 2024-10-10 5.71%
Alamogordo 30 Year FHA 2024-10-10 5.9%
Alamogordo 30 Year FHA Refi 2024-10-10 6.1%
Alamogordo 30 Year USDA 2024-10-10 6.28%
Alamogordo 30 Year USDA Refi 2024-10-10 6.28%
Alamogordo 30 Year VA 2024-10-10 5.75%
Alamogordo 30 Year VA Refi 2024-10-10 5.75%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alamogordo, NM.

Alamogordo Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Alamogordo, NM market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Gateway First Bank 31 6.77% $5,516
MID AMERICA MORTGAGE, INC. 19 6.77% $7,197
QUICKEN LOANS, LLC 18 6.87% $5,821
HOMEOWNERS FINANCIAL GROUP USA, LLC 12 7.22% $8,094
UNITED WHOLESALE MORTGAGE, LLC 10 7.19% $6,092
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.98% $3,737
Wells Fargo Bank 7 6.86% $5,363
CMG MORTGAGE, INC. 6 7.08% $6,653
21ST MORTGAGE CORPORATION 5 7.72% $6,313
Sierra Pacific Mortgage Company, Inc. 4 6.91% $5,166
JPMorgan Chase Bank 4 6.63% $5,289
MUTUAL OF OMAHA MORTGAGE, INC. 4 7.50% $4,528
Waterstone Mortgage Corporation 4 6.34% $4,817
Washington Federal Bank 3 6.71% $7,509
First American Bank 3 6.88% $8,366
Bank of America 3 7.58% $7,743
LOANDEPOT.COM, LLC 3 6.96% $5,712
MANN FINANCIAL INC. 2 7.31% $5,011
VANDERBILT MORTGAGE AND FINANCE, INC. 2 9.25% $5,593
BROKER SOLUTIONS, INC. 2 7.63% $5,147
Armed Forces Bank 2 6.75% $2,435
GECU 2 7.56% $3,937
Mortgage Research Center, LLC 2 7.13% $8,544
Del Norte Credit Union 2 6.38% $4,111
NUSENDA 2 6.25% $2,773
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.63% $9,718
HOMESIDE FINANCIAL, LLC 1 7.13% $7,884
LOANPAL, LLC 1 7.88% $4,204
MEMBER FIRST MORTGAGE, LLC 1 6.50% $5,175
AMERISAVE MORTGAGE CORPORATION 1 6.25% $7,974
MORIA DEVELOPMENT, INC. 1 6.13% $2,746
Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $5,114
ALLIANT CREDIT UNION 1 6.13% $3,350
NBKC BANK 1 7.63% $3,837
PENNYMAC LOAN SERVICES, LLC 1 6.13% $4,193
PENTAGON FEDERAL CREDIT UNION 1 5.88% $1,520
PLAZA HOME MORTGAGE, INC. 1 6.63% $10,214
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.00% $4,737
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.38% $7,056
AMERICAN FINANCIAL RESOURCES, INC. 1 7.38% $10,044
ROYAL UNITED MORTGAGE LLC 1 8.13% $3,923
SANDIA LABORATORY 1 5.38% $1,751
AMERICA FIRST 1 7.00% $2,598
Stifel Bank and Trust 1 6.38% $2,183
Ally Bank 1 5.88% $6,839
U.S. Bank 1 6.99% $1,958
BOKF 1 6.88% $3,830
Chicago Mortgage Solutions LLC 1 5.63% $6,547
CARDINAL FINANCIAL 1 5.99% $5,600
City Bank 1 6.88% $5,733
City National Bank of Florida 1 5.88% $2,623
BMO Harris Bank 1 6.25% $4,219
DEEPHAVEN MORTGAGE LLC 1 8.88% $6,657
DRAPER AND KRAMER MORTGAGE CORP. 1 6.75% $2,651
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $6,193
Flagstar Bank, FSB 1 6.88% $3,518
Axos Bank 1 7.00% $15,190
GENISYS 1 6.88% $2,656
GUARANTEED RATE, INC. 1 6.63% $3,812
GUILD MORTGAGE COMPANY 1 8.50% $8,247

Alamogordo Average Closing Costs & Other Stats

Alamogordo, NM's 60 lenders originated 859 loans during 2023. The total origination value was $171,115,000, with an average loan value of $199,203.

Alamogordo's average closing costs are $5,283.

The top Alamogordo lender as defined by loan originations is Gateway First Bank, with 31 loans originated. Their average total fees are $5,516, which is $1,680 lower than the next largest lender, MID AMERICA MORTGAGE, INC..

The lowest fee Alamogordo lenders (with over 10 loans originated) are Gateway First Bank ($5,516), QUICKEN LOANS, LLC ($5,821), UNITED WHOLESALE MORTGAGE, LLC ($6,092), MID AMERICA MORTGAGE, INC. ($7,197) and HOMEOWNERS FINANCIAL GROUP USA, LLC ($8,094).

The lowest rate Alamogordo lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. (6.77%), Gateway First Bank (6.77%), QUICKEN LOANS, LLC (6.87%), UNITED WHOLESALE MORTGAGE, LLC (7.19%) and HOMEOWNERS FINANCIAL GROUP USA, LLC (7.22%).

Alamogordo, NM Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
MID AMERICA MORTGAGE, INC. $28,605,000 $21,005,000 -26.6% 12.3%
Mortgage Research Center, LLC $19,310,000 $17,405,000 -9.9% 10.2%
Gateway First Bank $23,165,000 $16,430,000 -29.1% 9.6%
QUICKEN LOANS, LLC $12,670,000 $8,300,000 -34.5% 4.9%
HOMEOWNERS FINANCIAL GROUP USA, LLC $12,915,000 $7,720,000 -40.2% 4.5%
CMG MORTGAGE, INC. $6,380,000 $7,515,000 17.8% 4.4%
UNITED WHOLESALE MORTGAGE, LLC $3,990,000 $6,095,000 52.8% 3.6%
USAA Federal Savings Bank $5,980,000 $5,995,000 0.3% 3.5%
NBKC BANK $7,540,000 $5,545,000 -26.5% 3.2%
21ST MORTGAGE CORPORATION $4,380,000 $4,900,000 11.9% 2.9%
NAVY FEDERAL CREDIT UNION $7,565,000 $4,690,000 -38.0% 2.7%
Armed Forces Bank $2,515,000 $3,400,000 35.2% 2.0%
NUSENDA $160,000 $3,395,000 2,021.9% 2.0%
First American Bank $1,745,000 $2,990,000 71.3% 1.7%
Waterstone Mortgage Corporation $1,580,000 $2,785,000 76.3% 1.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $555,000 $2,675,000 382.0% 1.6%
PENNYMAC LOAN SERVICES, LLC $3,825,000 $2,140,000 -44.1% 1.3%
Wells Fargo Bank $6,395,000 $1,985,000 -69.0% 1.2%
First Savings Bank $1,585,000 $1,835,000 15.8% 1.1%
PENTAGON FEDERAL CREDIT UNION $1,410,000 $1,760,000 24.8% 1.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,205,000 $1,730,000 -21.5% 1.0%
Sierra Pacific Mortgage Company, Inc. $1,515,000 n/a 0.9%
NEW DAY FINANCIAL, LLC $735,000 $1,350,000 83.7% 0.8%
FREEDOM MORTGAGE CORPORATION $1,910,000 $1,325,000 -30.6% 0.8%
MANN FINANCIAL INC. $2,650,000 $1,185,000 -55.3% 0.7%
Bank of America $1,380,000 $1,150,000 -16.7% 0.7%
Washington Federal Bank $2,450,000 $1,100,000 -55.1% 0.6%
BROKER SOLUTIONS, INC. $2,690,000 $1,040,000 -61.3% 0.6%
WaterStone Bank, SSB $965,000 n/a 0.6%
AMERISAVE MORTGAGE CORPORATION $3,625,000 $875,000 -75.9% 0.5%
LOANDEPOT.COM, LLC $3,815,000 $845,000 -77.9% 0.5%
Sunflower Bank $685,000 $810,000 18.2% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $910,000 $805,000 -11.5% 0.5%
Magnolia Bank $400,000 $795,000 98.8% 0.5%
Equity Prime Mortgage LLC $185,000 $770,000 316.2% 0.4%
GECU $805,000 $760,000 -5.6% 0.4%
LENDINGONE, LLC $185,000 $735,000 297.3% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $360,000 $730,000 102.8% 0.4%
BNC National Bank $235,000 $680,000 189.4% 0.4%
ACADEMY MORTGAGE CORPORATION $540,000 $670,000 24.1% 0.4%
JPMorgan Chase Bank $1,015,000 $660,000 -35.0% 0.4%
CARDINAL FINANCIAL $1,275,000 $650,000 -49.0% 0.4%
SOUTHWEST STAGE FUNDING, LLC $225,000 $650,000 188.9% 0.4%
PLAZA HOME MORTGAGE, INC. $645,000 n/a 0.4%
Axos Bank $615,000 n/a 0.4%
Chicago Mortgage Solutions LLC $435,000 $615,000 41.4% 0.4%
LOANPAL, LLC $1,845,000 $610,000 -66.9% 0.4%
PLANET HOME LENDING, LLC $7,145,000 $605,000 -91.5% 0.4%
LIMA ONE CAPITAL, LLC $105,000 $585,000 457.1% 0.3%
Del Norte Credit Union $580,000 n/a 0.3%
U.S. Bank $650,000 $575,000 -11.5% 0.3%
AMCAP MORTGAGE, LTD. $580,000 $525,000 -9.5% 0.3%
GUILD MORTGAGE COMPANY $1,390,000 $520,000 -62.6% 0.3%
UNION HOME MORTGAGE CORP. $285,000 $500,000 75.4% 0.3%
BMO Harris Bank $490,000 n/a 0.3%
GUARANTEED RATE, INC. $2,040,000 $490,000 -76.0% 0.3%
Brighton Bank $485,000 n/a 0.3%
Carrington Mortgage Services, LLC $180,000 $480,000 166.7% 0.3%
Flagstar Bank, FSB $715,000 $475,000 -33.6% 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,055,000 $465,000 -55.9% 0.3%
TRIAD FINANCIAL SERVICES, INC. $460,000 n/a 0.3%
Mr. Cooper ( Nationstar Mortgage ) $1,925,000 $440,000 -77.1% 0.3%
MOVEMENT MORTGAGE, LLC $285,000 $380,000 33.3% 0.2%
The Federal Savings Bank $215,000 $335,000 55.8% 0.2%
HOMEXPRESS MORTGAGE CORP. $330,000 n/a 0.2%
NEWREZ LLC $310,000 $320,000 3.2% 0.2%
Western Commerce Bank $135,000 $315,000 133.3% 0.2%
First Savings Bank $1,585,000 $310,000 -80.4% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $285,000 n/a 0.2%
PNC Bank $890,000 $285,000 -68.0% 0.2%
FIRST COMMUNITY MORTGAGE, INC. $295,000 $280,000 -5.1% 0.2%
Pioneer Bank $205,000 $275,000 34.1% 0.2%
BOKF $275,000 $265,000 -3.6% 0.2%
Citizens Bank $135,000 $265,000 96.3% 0.2%
HOMETRUST MORTGAGE COMPANY $265,000 n/a 0.2%
GENISYS $255,000 n/a 0.1%
VERITAS FUNDING, LLC $255,000 n/a 0.1%
City Bank $3,235,000 $250,000 -92.3% 0.1%
AMWEST FUNDING CORP. $215,000 $245,000 14.0% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $225,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $660,000 $215,000 -67.4% 0.1%
MORIA DEVELOPMENT, INC. $210,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $735,000 $210,000 -71.4% 0.1%
Ally Bank $245,000 $205,000 -16.3% 0.1%
Ameris Bank $205,000 n/a 0.1%
TJC Mortgage, Inc. $205,000 n/a 0.1%
Bank of England $195,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $185,000 n/a 0.1%
City National Bank of Florida $185,000 n/a 0.1%
First Federal Bank $185,000 n/a 0.1%
NOVA FINANCIAL & INVESTMENT CORPORATION $275,000 $185,000 -32.7% 0.1%
MOUNTAIN AMERICA $110,000 $175,000 59.1% 0.1%
LIBERTY HOME MORTGAGE CORPORATION $165,000 n/a 0.1%
Stifel Bank and Trust $565,000 $165,000 -70.8% 0.1%
ALLIANT CREDIT UNION $155,000 n/a 0.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $155,000 n/a 0.1%
POLARIS HOME FUNDING CORP. $155,000 n/a 0.1%
V.I.P. MORTGAGE, INC. $350,000 $155,000 -55.7% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $145,000 n/a 0.1%
Discover Bank $90,000 $145,000 61.1% 0.1%
Service Federal Credit Union $75,000 $145,000 93.3% 0.1%
Nations Lending Corporation $275,000 $135,000 -50.9% 0.1%
MEMBER FIRST MORTGAGE, LLC $125,000 n/a 0.1%
NFM, INC. $125,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $115,000 n/a 0.1%
First National Bank Texas $115,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $260,000 $115,000 -55.8% 0.1%
VAN DYK MORTGAGE CORPORATION $115,000 n/a 0.1%
DEEPHAVEN MORTGAGE LLC $105,000 n/a 0.1%
Secured Investment Corp. $410,000 $105,000 -74.4% 0.1%
Citizens Bank of Las Cruces $1,580,000 $95,000 -94.0% 0.1%
Figure Lending LLC $390,000 $95,000 -75.6% 0.1%
AMERICA FIRST $75,000 n/a 0.0%
FirstLight Federal Credit Union $95,000 $75,000 -21.1% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $75,000 n/a 0.0%
SANDIA LABORATORY $65,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $85,000 $45,000 -47.1% 0.0%
Coastal Community Bank $35,000 n/a 0.0%

Alamogordo's top lender by overall market share is MID AMERICA MORTGAGE, INC., with 12.3% market share. In second place, with 10.2%, is Mortgage Research Center, LLC, having originated $17,405,000 in loans. In third place, with 9.6%, is Gateway First Bank, having originated $16,430,000 in loans. In fourth place, with 4.9%, is QUICKEN LOANS, LLC, having originated $8,300,000 in loans. In fifth place, with 4.5%, is HOMEOWNERS FINANCIAL GROUP USA, LLC, having originated $7,720,000 in loans.


Alamogordo Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Alamogordo (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 $178,250 (11.7%) $203,193 (7.9%) 0.00 646
2018-02-01 $179,375 (12.4%) $204,550 (8.0%) 0.00 636
2018-03-01 $179,600 (12.3%) $206,979 (5.6%) 0.00 613
2018-04-01 $183,250 (11.1%) $209,998 (5.7%) 0.00 602
2018-05-01 $180,000 (9.1%) $211,078 (6.6%) 0.00 589
2018-06-01 $177,000 (3.0%) $213,520 (1.1%) 0.00 578
2018-07-01 $178,875 (4.2%) $219,803 (2.7%) 0.00 572
2018-08-01 $179,700 (5.8%) $223,910 (4.6%) 0.00 569
2018-09-01 $179,800 (5.8%) $222,914 (4.1%) 0.00 537
2018-10-01 $179,250 (2.6%) $223,419 (9.5%) 0.00 506
2018-11-01 $173,574 (-0.5%) $221,456 (11.0%) 0.00 473
2018-12-01 $174,900 (0.5%) $224,783 (13.4%) 0.00 450
2019-01-01 $182,450 (2.4%) $230,514 (13.5%) 0.00 425
2019-02-01 $185,155 (3.2%) $229,014 (12.0%) 0.00 401
2019-03-01 $190,106 (5.9%) $228,638 (10.5%) 0.00 404
2019-04-01 $198,000 (8.1%) $229,094 (9.1%) 0.00 422
2019-05-01 $198,000 (10.0%) $229,142 (8.6%) 0.00 445
2019-06-01 $194,200 (9.7%) $228,173 (6.9%) 0.00 447
2019-07-01 $189,950 (6.2%) $227,316 (3.4%) 0.00 447
2019-08-01 $189,827 (5.6%) $226,965 (1.4%) 0.00 421
2019-09-01 $189,643 (5.5%) $224,988 (0.9%) 0.00 410
2019-10-01 $188,725 (5.3%) $221,139 (-1.0%) 0.00 398
2019-11-01 $178,750 (3.0%) $212,890 (-3.9%) 0.00 389
2019-12-01 $183,800 (5.1%) $217,780 (-3.1%) 0.00 367
2020-01-01 $188,150 (3.1%) $219,385 (-4.8%) 0.00 359
2020-02-01 $198,950 (7.5%) $229,727 (0.3%) 0.00 353
2020-03-01 $197,375 (3.8%) $229,001 (0.2%) 0.00 329
2020-04-01 $191,900 (-3.1%) $224,013 (-2.2%) 0.00 319
2020-05-01 $198,500 (0.3%) $231,280 (0.9%) 0.00 281
2020-06-01 $208,850 (7.5%) $244,059 (7.0%) 0.00 221
2020-07-01 $216,200 (13.8%) $245,058 (7.8%) 0.00 198
2020-08-01 $219,900 (15.8%) $257,050 (13.3%) 0.00 172
2020-09-01 $219,225 (15.6%) $258,885 (15.1%) 0.00 178
2020-10-01 $220,000 (16.6%) $285,813 (29.3%) 0.00 174
2020-11-01 $215,625 (20.6%) $277,890 (30.5%) 0.00 163
2020-12-01 $217,950 (18.6%) $317,098 (45.6%) 0.00 167
2021-01-01 $209,450 (11.3%) $309,082 (40.9%) 0.00 164
2021-02-01 $197,175 (-0.9%) $303,038 (31.9%) 0.00 138
2021-03-01 $187,150 (-5.2%) $309,051 (35.0%) 0.00 123
2021-04-01 $201,600 (5.1%) $332,885 (48.6%) 0.00 112
2021-05-01 $229,850 (15.8%) $351,157 (51.8%) 0.00 115
2021-06-01 $225,475 (8.0%) $338,535 (38.7%) 0.00 143
2021-07-01 $239,700 (10.9%) $355,242 (45.0%) 0.00 149
2021-08-01 $222,500 (1.2%) $366,797 (42.7%) 0.00 150
2021-09-01 $213,625 (-2.6%) $382,434 (47.7%) 0.00 145
2021-10-01 $239,250 (8.8%) $397,242 (39.0%) 0.00 136
2021-11-01 $255,850 (18.7%) $378,293 (36.1%) 0.00 132
2021-12-01 $267,250 (22.6%) $414,254 (30.6%) 0.00 119
2022-01-01 $264,950 (26.5%) $386,791 (25.1%) 0.00 107
2022-02-01 $267,375 (35.6%) $371,089 (22.5%) 0.00 87
2022-03-01 $288,475 (54.1%) $380,333 (23.1%) 0.00 85
2022-04-01 $269,000 (33.4%) $416,193 (25.0%) 0.00 98
2022-05-01 $257,225 (11.9%) $390,462 (11.2%) 0.00 119
2022-06-01 $266,250 (18.1%) $378,214 (11.7%) 0.00 134
2022-07-01 $270,000 (12.6%) $358,677 (1.0%) 0.00 160
2022-08-01 $273,450 (22.9%) $365,389 (-0.4%) 0.00 152
2022-09-01 $286,000 (33.9%) $372,690 (-2.6%) 0.00 130
2022-10-01 $284,500 (18.9%) $375,021 (-5.6%) 0.00 131
2022-11-01 $299,500 (17.1%) $394,317 (4.2%) 0.00 133
2022-12-01 $299,500 (12.1%) $396,434 (-4.3%) 0.00 135
2023-01-01 $304,750 (15.0%) $400,508 (3.6%) 0.00 130
2023-02-01 $316,635 (18.4%) $415,975 (12.1%) 0.00 114
2023-03-01 $325,225 (12.7%) $413,678 (8.8%) 0.00 112
2023-04-01 $299,700 (11.4%) $391,887 (-5.8%) 0.00 119
2023-05-01 $297,075 (15.5%) $371,935 (-4.7%) 0.00 135
2023-06-01 $334,725 (25.7%) $405,377 (7.2%) 0.00 137
2023-07-01 $319,350 (18.3%) $386,561 (7.8%) 0.00 148
2023-08-01 $335,750 (22.8%) $401,771 (10.0%) 0.00 142
2023-09-01 $319,600 (11.8%) $392,861 (5.4%) 0.00 153
2023-10-01 $315,000 (10.7%) $392,120 (4.6%) 0.00 166
2023-11-01 $299,600 (0.0%) $388,351 (-1.5%) 0.00 173
2023-12-01 $299,000 (-0.2%) $394,834 (-0.4%) 0.00 182
2024-01-01 $293,450 (-3.7%) $391,045 (-2.4%) 0.00 174
2024-02-01 $295,650 (-6.6%) $380,322 (-8.6%) 0.00 180
2024-03-01 $329,720 (1.4%) $393,278 (-4.9%) 0.00 175
2024-04-01 $328,000 (9.4%) $400,364 (2.2%) 0.00 177
2024-05-01 $320,008 (7.7%) $375,990 (1.1%) 0.00 195
2024-06-01 $315,000 (-5.9%) $381,128 (-6.0%) 0.00 241
2024-07-01 $304,475 (-4.7%) $378,620 (-2.1%) 0.00 240
2024-08-01 $315,500 (-6.0%) $383,942 (-4.4%) 0.00 251
2024-09-01 $306,250 (-4.2%) $394,502 (0.4%) 0.00 244
Alamogordo's median listing price for 2024-09-01 was $306,250, a difference of $-13,350 (-4.2%) versus the prior year and $-9,250 versus the prior month.

Alamogordo's median listing price comes in at 0% of the national average.

Alamogordo's average listing price for 2024-09-01 was $394,502, a difference of $1,641 (0.4%) versus the prior year and $10,560 versus the prior month.

For the 2024-09-01 period, Alamogordo had 244 MLS listings, a difference of -7 listings (-3%) versus the prior month and 91 listings (59%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Alamogordo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,752 sqft
2018-02-01 0 days 1,750 sqft
2018-03-01 0 days 1,757 sqft
2018-04-01 0 days 1,782 sqft
2018-05-01 0 days 1,793 sqft
2018-06-01 0 days 1,775 sqft
2018-07-01 0 days 1,794 sqft
2018-08-01 0 days 1,812 sqft
2018-09-01 0 days 1,816 sqft
2018-10-01 0 days 1,818 sqft
2018-11-01 0 days 1,814 sqft
2018-12-01 0 days 1,820 sqft
2019-01-01 0 days 1,829 sqft
2019-02-01 0 days 1,840 sqft
2019-03-01 0 days 1,842 sqft
2019-04-01 0 days 1,858 sqft
2019-05-01 0 days 1,851 sqft
2019-06-01 0 days 1,844 sqft
2019-07-01 0 days 1,825 sqft
2019-08-01 0 days 1,818 sqft
2019-09-01 0 days 1,805 sqft
2019-10-01 0 days 1,792 sqft
2019-11-01 0 days 1,777 sqft
2019-12-01 0 days 1,803 sqft
2020-01-01 0 days 1,816 sqft
2020-02-01 0 days 1,853 sqft
2020-03-01 0 days 1,811 sqft
2020-04-01 0 days 1,801 sqft
2020-05-01 0 days 1,800 sqft
2020-06-01 0 days 1,827 sqft
2020-07-01 0 days 1,826 sqft
2020-08-01 0 days 1,875 sqft
2020-09-01 0 days 1,808 sqft
2020-10-01 0 days 1,803 sqft
2020-11-01 0 days 1,785 sqft
2020-12-01 0 days 1,780 sqft
2021-01-01 0 days 1,776 sqft
2021-02-01 0 days 1,767 sqft
2021-03-01 0 days 1,693 sqft
2021-04-01 0 days 1,778 sqft
2021-05-01 0 days 1,936 sqft
2021-06-01 0 days 1,871 sqft
2021-07-01 0 days 1,819 sqft
2021-08-01 0 days 1,786 sqft
2021-09-01 0 days 1,750 sqft
2021-10-01 0 days 1,860 sqft
2021-11-01 0 days 1,794 sqft
2021-12-01 0 days 1,901 sqft
2022-01-01 0 days 1,809 sqft
2022-02-01 0 days 1,801 sqft
2022-03-01 0 days 1,946 sqft
2022-04-01 0 days 1,942 sqft
2022-05-01 0 days 1,824 sqft
2022-06-01 0 days 1,818 sqft
2022-07-01 0 days 1,822 sqft
2022-08-01 0 days 1,854 sqft
2022-09-01 0 days 1,882 sqft
2022-10-01 0 days 1,900 sqft
2022-11-01 0 days 2,005 sqft
2022-12-01 0 days 2,008 sqft
2023-01-01 0 days 1,986 sqft
2023-02-01 0 days 2,019 sqft
2023-03-01 0 days 1,991 sqft
2023-04-01 0 days 1,945 sqft
2023-05-01 0 days 1,865 sqft
2023-06-01 0 days 1,951 sqft
2023-07-01 0 days 1,940 sqft
2023-08-01 0 days 1,971 sqft
2023-09-01 0 days 1,936 sqft
2023-10-01 0 days 1,915 sqft
2023-11-01 0 days 1,900 sqft
2023-12-01 0 days 1,895 sqft
2024-01-01 0 days 1,912 sqft
2024-02-01 0 days 1,907 sqft
2024-03-01 0 days 1,921 sqft
2024-04-01 0 days 1,906 sqft
2024-05-01 0 days 1,871 sqft
2024-06-01 0 days 1,853 sqft
2024-07-01 0 days 1,839 sqft
2024-08-01 0 days 1,848 sqft
2024-09-01 0 days 1,860 sqft
Alamogordo's median listing age (time on market) for 2024-09-01 was 0 days.

Alamogordo's median square footage for active listings during the 2024-09-01 period was 1,860 sqft. One year prior, the average listing was 1,936 sqft.

Alamogordo, NM Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 698 $147,300,000 $211,032
Cash Out Refi 89 $14,055,000 $157,921
Refi 29 $4,695,000 $161,897
Other 27 $2,985,000 $110,556
Home Improvement 16 $2,080,000 $130,000

Alamogordo's most frequently cited loan purpose was Home Purchase, with 698 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 349 $75,635,000 $216,719
7-8% 173 $32,245,000 $186,387
5-6% 170 $41,290,000 $242,882
Over 8% 137 $14,085,000 $102,810
4-5% 8 $2,280,000 $285,000
3-4% 3 $575,000 $191,667
2.5-3% 2 $260,000 $130,000
<2.5% 2 $710,000 $355,000

During 2023, Alamogordo's most frequently originated rate bucket was 6-7%, with 349 originations.

Loan Sizing (Alamogordo, NM MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 368 $55,840,000 $151,739
$200k-400k 306 $84,460,000 $276,013
$100,000 or less 149 $8,155,000 $54,732
$400k-600k 23 $10,445,000 $454,130
$600k-1000k 10 $7,270,000 $727,000
$Over $1MM 3 $4,945,000 $1,648,333

Alamogordo's loan sizing saw the bucket of loans from $100k-200k with 368 originations, totaling $55,840,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 473 $101,705,000 $215,021
60-80% 129 $25,855,000 $200,426
Over 100% 95 $26,165,000 $275,421
40-60% 61 $8,685,000 $142,377
Under 20% 55 $1,195,000 $21,727
20-40% 28 $2,890,000 $103,214

Alamogordo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 473 originations, totaling $101,705,000 in origination value.