Albemarle Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Albemarle averaged 5.84% 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 5.64% and one month ago for the week of 2024-09-05, the average rate was 5.97%.

Albemarle's average rate one year ago was 7.31%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.92%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Albemarle 30 Year Fixed Rate 2024-10-10 5.84%
Albemarle 30 Year Fixed Rate Refi 2024-10-10 6.92%
Albemarle 15 Year Fixed Rate 2024-10-10 5.31%
Albemarle 15 Year Fixed Rate Refi 2024-10-10 5.91%
Albemarle 30 Year FHA 2024-10-10 5.49%
Albemarle 30 Year FHA Refi 2024-10-10 6.3%
Albemarle 30 Year USDA 2024-10-10 6.18%
Albemarle 30 Year USDA Refi 2024-10-10 5.98%
Albemarle 30 Year VA 2024-10-10 5.58%
Albemarle 30 Year VA Refi 2024-10-10 5.95%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Albemarle, NC.

Albemarle 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 Albemarle, NC 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
STATE EMPLOYEES' 195 5.93% $4,290
Uwharrie Bank 52 6.90% $3,389
DHI MORTGAGE COMPANY, LTD. 42 5.55% $498
MOVEMENT MORTGAGE, LLC 42 6.88% $6,813
LOCAL GOVERNMENT FEDERAL CREDIT UNION 29 5.99% $4,414
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 6.92% $6,157
QUICKEN LOANS, LLC 26 6.78% $7,211
UNITED WHOLESALE MORTGAGE, LLC 24 6.80% $6,677
Wells Fargo Bank 20 6.66% $6,354
Pinnacle Bank 17 6.33% $3,997
Truist 11 6.49% $4,296
FOUNDERS FEDERAL CREDIT UNION 11 6.50% $4,518
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 11 7.03% $6,652
First-Citizens Bank & Trust Company 9 6.42% $5,125
American Security Mortgage Corp. 8 6.87% $4,331
CORNERSTONE HOME LENDING, INC. 7 6.71% $5,807
Ameris Bank 7 6.60% $4,926
CROSSCOUNTRY MORTGAGE, LLC 7 6.52% $7,838
LOANDEPOT.COM, LLC 6 6.13% $4,838
HOMEOWNERS FINANCIAL GROUP USA, LLC 6 6.98% $5,666
CARDINAL FINANCIAL 6 6.88% $7,512
Alcova Mortgage LLC 6 6.96% $5,237
NAVY FEDERAL CREDIT UNION 5 6.18% $5,493
Atlantic Coast Mortgage, LLC 5 6.80% $5,256
Northpointe Bank 4 7.03% $6,427
SeaTrust Mortgage Company 4 6.56% $8,234
VANDERBILT MORTGAGE AND FINANCE, INC. 4 8.00% $8,196
First Bank 4 6.22% $4,928
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.63% $4,258
GUARANTEED RATE, INC. 3 7.19% $8,651
TD Bank 3 6.29% $6,089
ROYAL UNITED MORTGAGE LLC 3 7.54% $5,643
Flagstar Bank, FSB 3 6.95% $5,383
PROVIDENT FUNDING ASSOCIATES, L.P. 2 6.56% $4,043
CMG MORTGAGE, INC. 2 6.13% $6,861
Deere Employees Credit Union 2 5.81% $3,563
FREEDOM MORTGAGE CORPORATION 2 6.81% $9,598
GUARANTEED RATE AFFINITY, LLC 2 7.23% $4,696
HOMESIDE FINANCIAL, LLC 2 7.19% $8,573
JPMorgan Chase Bank 2 7.06% $7,194
LATINO COMMUNITY CREDIT UNION 2 6.63% $5,102
Mr. Cooper ( Nationstar Mortgage ) 2 6.56% $6,479
ACADEMY MORTGAGE CORPORATION 2 7.31% $17,555
Regions Bank 2 7.06% $5,618
UNION HOME MORTGAGE CORP. 2 7.06% $5,449
U.S. Bank 2 6.75% $3,221
Warsaw Federal Savings and Loan Association 2 6.24% $7,416
ZILLOW HOME LOANS, LLC 2 7.31% $5,107
BETTER MORTGAGE CORPORATION 1 5.25% $6,008
Fifth Third Bank 1 6.13% $4,401
LOANPAL, LLC 1 6.63% $3,289
FBC MORTGAGE, LLC 1 5.63% $1,895
MICHIGAN MUTUAL, INC. 1 6.75% $2,289
Mid-Continent Funding, Inc. 1 6.50% $5,764
Mortgage Assurance Inc. 1 6.00% $8,482
Mortgage Research Center, LLC 1 6.50% $2,574
EVERETT FINANCIAL, INC. 1 7.13% $9,909
Allen Tate Mortgage Partners, LLC 1 7.63% $4,286
M&T Bank 1 6.25% $7,394
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.88% $6,562
Encompass Lending Group, LP 1 7.88% $5,799
NBKC BANK 1 6.50% $2,693
NexBank 1 7.38% $10,194
North American Savings Bank, F.S.B. 1 7.50% $8,448
CORNING 1 7.00% $2,876
PENNYMAC LOAN SERVICES, LLC 1 6.88% $7,876
Peoples Bank 1 5.95% $3,338
CONTOUR MORTGAGE CORPORATION 1 6.50% $5,124
PLAZA HOME MORTGAGE, INC. 1 7.38% $13,631
PREMIER LENDING, INC. 1 7.38% $5,960
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $3,314
Prosperity Home Mortgage, LLC 1 6.50% $3,578
Bank of America 1 5.38% $5,102
COMMUNITYAMERICA 1 6.13% $3,242
RAPID MORTGAGE COMPANY 1 7.50% $6,256
ARC HOME LLC 1 9.13% $4,105
RESOURCE FINANCIAL SERVICES, INC. 1 6.50% $3,806
COASTAL Federal Credit Union 1 5.38% $3,066
Citadel Servicing Corporation 1 9.13% $9,216
South State Bank 1 9.00% $12,235
Carter Bank & Trust 1 6.88% $3,292
T2 FINANCIAL LLC 1 6.50% $4,925
CAPITAL CENTER, L.L.C. 1 5.63% $5,720
The Loan Store, Inc. 1 6.88% $8,996
TJC Mortgage, Inc. 1 7.13% $4,053
TOP FLITE FINANCIAL, INC. 1 6.38% $7,060
Towne Bank 1 6.50% $7,464
GENEVA FINANCIAL, LLC 1 7.50% $7,228
GUILD MORTGAGE COMPANY 1 6.88% $4,296
Gulf Coast Bank and Trust Company 1 6.00% $3,752
First Reliance Bank 1 6.38% $5,255
First National Bank of Pennsylvania 1 5.25% $2,869
Blue Ridge Bank 1 6.38% $6,625
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.88% $3,917
Integrity Home Mortgage Corp 1 8.00% $6,217
INTERCOASTAL MORTGAGE COMPANY 1 7.75% $3,554
Wolfe Financial, Inc 1 6.63% $7,267

Albemarle Average Closing Costs & Other Stats

Albemarle, NC's 97 lenders originated 1,916 loans during 2023. The total origination value was $394,830,000, with an average loan value of $206,070.

Albemarle's average closing costs are $4,884.

The top Albemarle lender as defined by loan originations is STATE EMPLOYEES', with 195 loans originated. Their average total fees are $4,290, which is $900 higher than the next largest lender, Uwharrie Bank.

The lowest fee Albemarle lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($498), Uwharrie Bank ($3,389), Pinnacle Bank ($3,997), STATE EMPLOYEES' ($4,290) and Truist ($4,296).

The lowest rate Albemarle lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.55%), STATE EMPLOYEES' (5.93%), LOCAL GOVERNMENT FEDERAL CREDIT UNION (5.99%), Pinnacle Bank (6.33%) and Truist (6.49%).

Albemarle, NC 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
STATE EMPLOYEES' $101,710,000 $69,920,000 -31.3% 17.7%
MOVEMENT MORTGAGE, LLC $32,590,000 $32,870,000 0.9% 8.3%
Uwharrie Bank $44,555,000 $31,895,000 -28.4% 8.1%
DHI MORTGAGE COMPANY, LTD. $27,080,000 $26,800,000 -1.0% 6.8%
UNITED WHOLESALE MORTGAGE, LLC $10,440,000 $16,285,000 56.0% 4.1%
QUICKEN LOANS, LLC $23,100,000 $13,775,000 -40.4% 3.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $14,430,000 $12,675,000 -12.2% 3.2%
LOCAL GOVERNMENT FEDERAL CREDIT UNION $18,925,000 $11,670,000 -38.3% 3.0%
LOANDEPOT.COM, LLC $12,330,000 $9,395,000 -23.8% 2.4%
First-Citizens Bank & Trust Company $7,075,000 $9,125,000 29.0% 2.3%
Pinnacle Bank $9,925,000 $8,655,000 -12.8% 2.2%
CORNERSTONE HOME LENDING, INC. $7,030,000 $8,190,000 16.5% 2.1%
Wells Fargo Bank $6,135,000 $7,070,000 15.2% 1.8%
First Bank $17,770,000 $5,880,000 -66.9% 1.5%
Mortgage Research Center, LLC $5,440,000 $5,745,000 5.6% 1.5%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $6,110,000 $5,360,000 -12.3% 1.4%
Ameris Bank $6,140,000 $4,920,000 -19.9% 1.2%
Truist $6,470,000 $4,815,000 -25.6% 1.2%
CROSSCOUNTRY MORTGAGE, LLC $5,570,000 $4,810,000 -13.6% 1.2%
American Security Mortgage Corp. $7,100,000 $3,595,000 -49.4% 0.9%
Sound Bank $3,555,000 n/a 0.9%
CARDINAL FINANCIAL $2,685,000 $3,335,000 24.2% 0.8%
SeaTrust Mortgage Company $2,085,000 $3,220,000 54.4% 0.8%
NAVY FEDERAL CREDIT UNION $2,520,000 $3,115,000 23.6% 0.8%
FOUNDERS FEDERAL CREDIT UNION $2,605,000 $3,100,000 19.0% 0.8%
CMG MORTGAGE, INC. $215,000 $2,575,000 1,097.7% 0.7%
PENNYMAC LOAN SERVICES, LLC $4,050,000 $2,355,000 -41.9% 0.6%
ACADEMY MORTGAGE CORPORATION $205,000 $2,230,000 987.8% 0.6%
AgFirst Farm Credit Bank $2,225,000 $2,200,000 -1.1% 0.6%
VANDERBILT MORTGAGE AND FINANCE, INC. $3,055,000 $2,115,000 -30.8% 0.5%
Northpointe Bank $1,935,000 $2,075,000 7.2% 0.5%
TD Bank $270,000 $2,030,000 651.9% 0.5%
Regions Bank $1,010,000 $1,875,000 85.6% 0.5%
South State Bank $1,410,000 $1,875,000 33.0% 0.5%
Bank of America $1,650,000 $1,700,000 3.0% 0.4%
U.S. Bank $805,000 $1,660,000 106.2% 0.4%
Alcova Mortgage LLC $4,260,000 $1,645,000 -61.4% 0.4%
Flagstar Bank, FSB $2,685,000 $1,360,000 -49.3% 0.3%
First National Bank of Pennsylvania $2,570,000 $1,345,000 -47.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $2,115,000 $1,310,000 -38.1% 0.3%
FREEDOM MORTGAGE CORPORATION $3,295,000 $1,305,000 -60.4% 0.3%
Atlantic Coast Mortgage, LLC $1,215,000 n/a 0.3%
Fifth Third Bank $2,790,000 $1,175,000 -57.9% 0.3%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $195,000 $1,120,000 474.4% 0.3%
LIMA ONE CAPITAL, LLC $1,095,000 n/a 0.3%
GUILD MORTGAGE COMPANY $1,035,000 $1,080,000 4.3% 0.3%
GUARANTEED RATE, INC. $2,095,000 $1,075,000 -48.7% 0.3%
Truliant Federal Credit Union $1,905,000 $1,020,000 -46.5% 0.3%
HOMEOWNERS FINANCIAL GROUP USA, LLC $695,000 $1,005,000 44.6% 0.3%
TJC Mortgage, Inc. $1,065,000 $995,000 -6.6% 0.3%
Carrington Mortgage Services, LLC $1,245,000 $980,000 -21.3% 0.2%
GUARANTEED RATE AFFINITY, LLC $970,000 n/a 0.2%
LATINO COMMUNITY CREDIT UNION $435,000 $965,000 121.8% 0.2%
NEW DAY FINANCIAL, LLC $810,000 $940,000 16.0% 0.2%
BROKER SOLUTIONS, INC. $2,110,000 $920,000 -56.4% 0.2%
HOMESIDE FINANCIAL, LLC $885,000 n/a 0.2%
NEWREZ LLC $620,000 $880,000 41.9% 0.2%
First Federal Bank $500,000 $825,000 65.0% 0.2%
CHARLOTTE METRO FEDERAL CREDIT UNION $860,000 $820,000 -4.7% 0.2%
FBC MORTGAGE, LLC $570,000 $805,000 41.2% 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $225,000 $795,000 253.3% 0.2%
INTERCOASTAL MORTGAGE COMPANY $1,740,000 $710,000 -59.2% 0.2%
Prosperity Home Mortgage, LLC $645,000 n/a 0.2%
Blue Ridge Bank $135,000 $640,000 374.1% 0.2%
EVERETT FINANCIAL, INC. $430,000 $635,000 47.7% 0.2%
T2 FINANCIAL LLC $275,000 $635,000 130.9% 0.2%
Towne Bank $2,725,000 $630,000 -76.9% 0.2%
ZILLOW HOME LOANS, LLC $355,000 $625,000 76.1% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $415,000 $595,000 43.4% 0.2%
AMERISAVE MORTGAGE CORPORATION $2,915,000 $585,000 -79.9% 0.1%
Equity Prime Mortgage LLC $260,000 $580,000 123.1% 0.1%
NexBank $565,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,485,000 $560,000 -62.3% 0.1%
JPMorgan Chase Bank $800,000 $555,000 -30.6% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $325,000 $540,000 66.2% 0.1%
Farmers & Merchants Bank $530,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $390,000 $530,000 35.9% 0.1%
RELIANCE FIRST CAPITAL, LLC $1,185,000 $515,000 -56.5% 0.1%
The Fidelity Bank $95,000 $510,000 436.8% 0.1%
American National Bank and Trust Company $485,000 n/a 0.1%
CONTOUR MORTGAGE CORPORATION $485,000 n/a 0.1%
Deere Employees Credit Union $85,000 $485,000 470.6% 0.1%
COASTAL Federal Credit Union $1,325,000 $475,000 -64.2% 0.1%
MID AMERICA MORTGAGE, INC. $265,000 $460,000 73.6% 0.1%
UNION HOME MORTGAGE CORP. $505,000 $460,000 -8.9% 0.1%
North American Savings Bank, F.S.B. $455,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $325,000 $450,000 38.5% 0.1%
Warsaw Federal Savings and Loan Association $450,000 n/a 0.1%
RAPID MORTGAGE COMPANY $1,310,000 $440,000 -66.4% 0.1%
RESOURCE FINANCIAL SERVICES, INC. $435,000 n/a 0.1%
Discover Bank $565,000 $420,000 -25.7% 0.1%
Carter Bank & Trust $415,000 n/a 0.1%
HOMESTAR FINANCIAL CORPORATION $405,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $945,000 $405,000 -57.1% 0.1%
PNC Bank $365,000 $380,000 4.1% 0.1%
A&D Mortgage LLC $375,000 n/a 0.1%
C & F Mortgage Corporation $225,000 $375,000 66.7% 0.1%
USAA Federal Savings Bank $795,000 $375,000 -52.8% 0.1%
ROYAL UNITED MORTGAGE LLC $105,000 $370,000 252.4% 0.1%
Renasant Bank $670,000 $365,000 -45.5% 0.1%
LENDINGHOME FUNDING CORPORATION $595,000 $360,000 -39.5% 0.1%
Magnolia Bank $185,000 $345,000 86.5% 0.1%
CALCON MUTUAL MORTGAGE LLC $340,000 n/a 0.1%
BAY EQUITY LLC $335,000 n/a 0.1%
Nations Lending Corporation $880,000 $325,000 -63.1% 0.1%
OPEN MORTGAGE, LLC $325,000 n/a 0.1%
Encompass Lending Group, LP $305,000 n/a 0.1%
Mid-Continent Funding, Inc. $300,000 n/a 0.1%
NBKC BANK $345,000 $295,000 -14.5% 0.1%
VERITAS FUNDING, LLC $295,000 n/a 0.1%
Ixonia Bank $155,000 $285,000 83.9% 0.1%
Peoples Bank $385,000 $285,000 -26.0% 0.1%
Citizens Bank $800,000 $280,000 -65.0% 0.1%
Paramount Residential Mortgage Group, Inc. $275,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $260,000 $275,000 5.8% 0.1%
SELF-HELP Credit Union $275,000 n/a 0.1%
United Bank $2,805,000 $265,000 -90.6% 0.1%
SOUTHWEST STAGE FUNDING, LLC $260,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $330,000 $260,000 -21.2% 0.1%
Bank of England $255,000 n/a 0.1%
FORT FINANCIAL Federal Credit Union $485,000 $255,000 -47.4% 0.1%
COMMUNITYAMERICA $245,000 n/a 0.1%
FIDELITY DIRECT MORTGAGE, LLC $245,000 n/a 0.1%
Towne Mortgage of the Carolinas, LLC $240,000 n/a 0.1%
Citadel Servicing Corporation $135,000 $235,000 74.1% 0.1%
CLEARPATH LENDING $205,000 $235,000 14.6% 0.1%
CORNING $15,000 $235,000 1,466.7% 0.1%
First Reliance Bank $560,000 $235,000 -58.0% 0.1%
Integrity Home Mortgage Corp $235,000 n/a 0.1%
Gateway First Bank $1,245,000 $230,000 -81.5% 0.1%
Figure Lending LLC $265,000 $225,000 -15.1% 0.1%
The Federal Savings Bank $285,000 $225,000 -21.1% 0.1%
The Loan Store, Inc. $225,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $590,000 $215,000 -63.6% 0.1%
Mortgage Assurance Inc. $215,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $400,000 $205,000 -48.8% 0.1%
CAPITAL CENTER, L.L.C. $815,000 $205,000 -74.8% 0.1%
CHURCHILL MORTGAGE CORPORATION $165,000 $205,000 24.2% 0.1%
DIRECT MORTGAGE LOANS, LLC $205,000 n/a 0.1%
Wolfe Financial, Inc $225,000 $205,000 -8.9% 0.1%
BETTER MORTGAGE CORPORATION $980,000 $195,000 -80.1% 0.0%
BMO Harris Bank $195,000 n/a 0.0%
GENEVA FINANCIAL, LLC $475,000 $195,000 -58.9% 0.0%
MICHIGAN MUTUAL, INC. $565,000 $195,000 -65.5% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $185,000 n/a 0.0%
Commerce Home Mortgage, Inc. $185,000 n/a 0.0%
M&T Bank $155,000 $175,000 12.9% 0.0%
MTC Federal Credit Union $170,000 n/a 0.0%
Allen Tate Mortgage Partners, LLC $635,000 $165,000 -74.0% 0.0%
Southern Bank and Trust Company $165,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $260,000 $160,000 -38.5% 0.0%
FINANCE OF AMERICA REVERSE LLC $460,000 $155,000 -66.3% 0.0%
HOWARD HANNA FINANCIAL SERVICES, INC. $155,000 n/a 0.0%
LEGEND LENDING CORPORATION $265,000 $150,000 -43.4% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $530,000 $145,000 -72.6% 0.0%
EQUITY RESOURCES, INC. $135,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,355,000 $135,000 -90.0% 0.0%
ARC HOME LLC $125,000 n/a 0.0%
McKenzie Banking Company $125,000 n/a 0.0%
AgSouth Farm Credit, ACA $115,000 n/a 0.0%
Gulf Coast Bank and Trust Company $115,000 n/a 0.0%
Plains Commerce Bank $225,000 $115,000 -48.9% 0.0%
HOMEXPRESS MORTGAGE CORP. $265,000 $105,000 -60.4% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $620,000 $95,000 -84.7% 0.0%
21ST MORTGAGE CORPORATION $75,000 n/a 0.0%
COUNTRYPLACE MORTGAGE, LTD. $75,000 n/a 0.0%
PREMIER LENDING, INC. $365,000 $75,000 -79.5% 0.0%
American Airlines Federal Credit Union $55,000 n/a 0.0%
LOANPAL, LLC $195,000 $55,000 -71.8% 0.0%
SPRING EQ, LLC $160,000 $55,000 -65.6% 0.0%
ALLEGACY FEDERAL CREDIT UNION $275,000 $25,000 -90.9% 0.0%
Home Loan Investment Bank, F.S.B. $15,000 $15,000 0.0% 0.0%

Albemarle's top lender by overall market share is STATE EMPLOYEES', with 17.7% market share. In second place, with 8.3%, is MOVEMENT MORTGAGE, LLC, having originated $32,870,000 in loans. In third place, with 8.1%, is Uwharrie Bank, having originated $31,895,000 in loans. In fourth place, with 6.8%, is DHI MORTGAGE COMPANY, LTD., having originated $26,800,000 in loans. In fifth place, with 4.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $16,285,000 in loans.


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

Realtor.com - Albemarle (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 $249,700 (6.9%) $317,158 (-5.5%) 0.00 250
2018-02-01 $252,038 (2.4%) $323,624 (-9.4%) 0.00 235
2018-03-01 $249,500 (2.6%) $340,211 (-4.9%) 0.00 241
2018-04-01 $273,800 (9.6%) $364,002 (0.7%) 0.00 258
2018-05-01 $275,375 (5.9%) $366,403 (1.5%) 0.00 270
2018-06-01 $261,500 (-6.4%) $368,046 (2.0%) 0.00 281
2018-07-01 $277,475 (-1.8%) $385,101 (6.9%) 0.00 285
2018-08-01 $271,950 (-6.1%) $382,707 (4.0%) 0.00 295
2018-09-01 $265,900 (-4.9%) $374,651 (1.5%) 0.00 312
2018-10-01 $266,300 (-4.9%) $379,381 (3.6%) 0.00 301
2018-11-01 $259,900 (-7.7%) $373,556 (4.7%) 0.00 286
2018-12-01 $252,400 (-2.9%) $375,499 (12.9%) 0.00 264
2019-01-01 $249,900 (0.1%) $371,400 (17.1%) 0.00 248
2019-02-01 $256,950 (2.0%) $372,094 (15.0%) 0.00 249
2019-03-01 $265,757 (6.5%) $385,216 (13.2%) 0.00 262
2019-04-01 $274,850 (0.4%) $390,211 (7.2%) 0.00 285
2019-05-01 $258,075 (-6.3%) $374,687 (2.3%) 0.00 322
2019-06-01 $249,900 (-4.4%) $364,580 (-0.9%) 0.00 309
2019-07-01 $249,900 (-9.9%) $358,536 (-6.9%) 0.00 291
2019-08-01 $246,882 (-9.2%) $344,726 (-9.9%) 0.00 288
2019-09-01 $242,955 (-8.6%) $333,412 (-11.0%) 0.00 294
2019-10-01 $240,361 (-9.7%) $327,004 (-13.8%) 0.00 287
2019-11-01 $249,900 (-3.9%) $338,350 (-9.4%) 0.00 264
2019-12-01 $262,223 (3.9%) $359,826 (-4.2%) 0.00 237
2020-01-01 $261,928 (4.8%) $365,732 (-1.5%) 0.00 201
2020-02-01 $253,750 (-1.3%) $361,941 (-2.7%) 0.00 209
2020-03-01 $256,200 (-3.6%) $371,032 (-3.7%) 0.00 221
2020-04-01 $252,400 (-8.2%) $366,785 (-6.0%) 0.00 220
2020-05-01 $259,900 (0.7%) $390,782 (4.3%) 0.00 191
2020-06-01 $254,950 (2.0%) $388,177 (6.5%) 0.00 170
2020-07-01 $254,950 (2.0%) $394,569 (10.1%) 0.00 155
2020-08-01 $249,950 (1.2%) $402,941 (16.9%) 0.00 142
2020-09-01 $239,625 (-1.4%) $380,545 (14.1%) 0.00 141
2020-10-01 $250,000 (4.0%) $385,612 (17.9%) 0.00 133
2020-11-01 $238,725 (-4.5%) $387,290 (14.5%) 0.00 127
2020-12-01 $230,375 (-12.2%) $390,798 (8.6%) 0.00 119
2021-01-01 $217,500 (-17.0%) $382,084 (4.5%) 0.00 104
2021-02-01 $214,975 (-15.3%) $388,759 (7.4%) 0.00 93
2021-03-01 $251,175 (-2.0%) $389,505 (5.0%) 0.00 84
2021-04-01 $259,500 (2.8%) $423,550 (15.5%) 0.00 78
2021-05-01 $269,000 (3.5%) $418,557 (7.1%) 0.00 94
2021-06-01 $293,975 (15.3%) $418,169 (7.7%) 0.00 112
2021-07-01 $299,900 (17.6%) $428,220 (8.5%) 0.00 106
2021-08-01 $269,950 (8.0%) $386,590 (-4.1%) 0.00 128
2021-09-01 $276,725 (15.5%) $377,211 (-0.9%) 0.00 122
2021-10-01 $269,900 (8.0%) $350,170 (-9.2%) 0.00 108
2021-11-01 $260,000 (8.9%) $353,111 (-8.8%) 0.00 90
2021-12-01 $263,650 (14.4%) $332,485 (-14.9%) 0.00 96
2022-01-01 $329,000 (51.3%) $365,557 (-4.3%) 0.00 80
2022-02-01 $312,425 (45.3%) $360,140 (-7.4%) 0.00 62
2022-03-01 $284,231 (13.2%) $344,032 (-11.7%) 0.00 67
2022-04-01 $296,900 (14.4%) $382,191 (-9.8%) 0.00 71
2022-05-01 $348,848 (29.7%) $442,774 (5.8%) 0.00 87
2022-06-01 $348,200 (18.5%) $423,458 (1.3%) 0.00 96
2022-07-01 $329,900 (10.0%) $410,634 (-4.1%) 0.00 127
2022-08-01 $314,700 (16.6%) $405,905 (5.0%) 0.00 146
2022-09-01 $301,175 (8.8%) $364,699 (-3.3%) 0.00 190
2022-10-01 $319,950 (18.5%) $389,635 (11.3%) 0.00 203
2022-11-01 $322,850 (24.2%) $370,480 (4.9%) 0.00 217
2022-12-01 $302,500 (14.7%) $348,402 (4.8%) 0.00 195
2023-01-01 $304,500 (-7.5%) $348,891 (-4.6%) 0.00 195
2023-02-01 $330,750 (5.9%) $402,976 (11.9%) 0.00 169
2023-03-01 $329,950 (16.1%) $440,005 (27.9%) 0.00 165
2023-04-01 $329,900 (11.1%) $437,923 (14.6%) 0.00 152
2023-05-01 $332,000 (-4.8%) $460,610 (4.0%) 0.00 138
2023-06-01 $329,900 (-5.3%) $444,581 (5.0%) 0.00 155
2023-07-01 $339,100 (2.8%) $455,675 (11.0%) 0.00 164
2023-08-01 $347,225 (10.3%) $461,942 (13.8%) 0.00 160
2023-09-01 $339,900 (12.9%) $458,547 (25.7%) 0.00 157
2023-10-01 $357,963 (11.9%) $463,681 (19.0%) 0.00 168
2023-11-01 $326,860 (1.2%) $449,055 (21.2%) 0.00 174
2023-12-01 $325,000 (7.4%) $454,878 (30.6%) 0.00 175
2024-01-01 $329,675 (8.3%) $448,950 (28.7%) 0.00 175
2024-02-01 $340,350 (2.9%) $480,827 (19.3%) 0.00 162
2024-03-01 $350,000 (6.1%) $457,539 (4.0%) 0.00 164
2024-04-01 $360,875 (9.4%) $462,667 (5.7%) 0.00 158
2024-05-01 $374,575 (12.8%) $481,596 (4.6%) 0.00 167
2024-06-01 $354,500 (7.5%) $475,272 (6.9%) 0.00 177
2024-07-01 $351,225 (3.6%) $459,731 (0.9%) 0.00 203
2024-08-01 $351,450 (1.2%) $443,326 (-4.0%) 0.00 198
2024-09-01 $350,000 (3.0%) $426,749 (-6.9%) 0.00 207
Albemarle's median listing price for 2024-09-01 was $350,000, a difference of $10,100 (3.0%) versus the prior year and $-1,450 versus the prior month.

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

Albemarle's average listing price for 2024-09-01 was $426,749, a difference of $-31,798 (-6.9%) versus the prior year and $-16,577 versus the prior month.

For the 2024-09-01 period, Albemarle had 207 MLS listings, a difference of 9 listings (5%) versus the prior month and 50 listings (32%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Albemarle (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,947 sqft
2018-02-01 0 days 1,977 sqft
2018-03-01 0 days 1,953 sqft
2018-04-01 0 days 2,045 sqft
2018-05-01 0 days 2,019 sqft
2018-06-01 0 days 1,999 sqft
2018-07-01 0 days 1,999 sqft
2018-08-01 0 days 1,955 sqft
2018-09-01 0 days 1,824 sqft
2018-10-01 0 days 1,831 sqft
2018-11-01 0 days 1,840 sqft
2018-12-01 0 days 1,885 sqft
2019-01-01 0 days 1,811 sqft
2019-02-01 0 days 1,810 sqft
2019-03-01 0 days 1,827 sqft
2019-04-01 0 days 1,828 sqft
2019-05-01 0 days 1,826 sqft
2019-06-01 0 days 2,007 sqft
2019-07-01 0 days 2,009 sqft
2019-08-01 0 days 1,983 sqft
2019-09-01 0 days 1,995 sqft
2019-10-01 0 days 2,005 sqft
2019-11-01 0 days 1,905 sqft
2019-12-01 0 days 1,995 sqft
2020-01-01 0 days 1,981 sqft
2020-02-01 0 days 1,863 sqft
2020-03-01 0 days 1,824 sqft
2020-04-01 0 days 1,813 sqft
2020-05-01 0 days 1,845 sqft
2020-06-01 0 days 1,840 sqft
2020-07-01 0 days 1,913 sqft
2020-08-01 0 days 1,887 sqft
2020-09-01 0 days 1,796 sqft
2020-10-01 0 days 1,946 sqft
2020-11-01 0 days 1,838 sqft
2020-12-01 0 days 1,757 sqft
2021-01-01 0 days 1,732 sqft
2021-02-01 0 days 1,670 sqft
2021-03-01 0 days 1,669 sqft
2021-04-01 0 days 1,717 sqft
2021-05-01 0 days 1,813 sqft
2021-06-01 0 days 1,773 sqft
2021-07-01 0 days 1,772 sqft
2021-08-01 0 days 1,614 sqft
2021-09-01 0 days 1,700 sqft
2021-10-01 0 days 1,698 sqft
2021-11-01 0 days 1,677 sqft
2021-12-01 0 days 1,587 sqft
2022-01-01 0 days 1,729 sqft
2022-02-01 0 days 1,715 sqft
2022-03-01 0 days 1,669 sqft
2022-04-01 0 days 1,676 sqft
2022-05-01 0 days 1,782 sqft
2022-06-01 0 days 1,698 sqft
2022-07-01 0 days 1,670 sqft
2022-08-01 0 days 1,614 sqft
2022-09-01 0 days 1,588 sqft
2022-10-01 0 days 1,669 sqft
2022-11-01 0 days 1,629 sqft
2022-12-01 0 days 1,548 sqft
2023-01-01 0 days 1,538 sqft
2023-02-01 0 days 1,653 sqft
2023-03-01 0 days 1,631 sqft
2023-04-01 0 days 1,586 sqft
2023-05-01 0 days 1,710 sqft
2023-06-01 0 days 1,648 sqft
2023-07-01 0 days 1,736 sqft
2023-08-01 0 days 1,690 sqft
2023-09-01 0 days 1,662 sqft
2023-10-01 0 days 1,733 sqft
2023-11-01 0 days 1,621 sqft
2023-12-01 0 days 1,602 sqft
2024-01-01 0 days 1,603 sqft
2024-02-01 0 days 1,630 sqft
2024-03-01 0 days 1,622 sqft
2024-04-01 0 days 1,671 sqft
2024-05-01 0 days 1,776 sqft
2024-06-01 0 days 1,789 sqft
2024-07-01 0 days 1,781 sqft
2024-08-01 0 days 1,790 sqft
2024-09-01 0 days 1,757 sqft
Albemarle's median listing age (time on market) for 2024-09-01 was 0 days.

Albemarle's median square footage for active listings during the 2024-09-01 period was 1,757 sqft. One year prior, the average listing was 1,662 sqft.

Albemarle, NC Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,122 $305,560,000 $272,335
Home Improvement 238 $19,040,000 $80,000
Other 226 $19,260,000 $85,221
Refi 185 $25,965,000 $140,351
Cash Out Refi 145 $25,005,000 $172,448

Albemarle's most frequently cited loan purpose was Home Purchase, with 1,122 originations. The 2nd most popular reason was Home Improvement, with 238 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 573 $144,415,000 $252,033
7-8% 452 $83,420,000 $184,558
5-6% 396 $107,290,000 $270,934
Over 8% 239 $26,355,000 $110,272
4-5% 216 $27,810,000 $128,750
<2.5% 13 $155,000 $11,923
3-4% 1 $495,000 $495,000
2.5-3% 1 $255,000 $255,000

During 2023, Albemarle's most frequently originated rate bucket was 6-7%, with 573 originations.

Loan Sizing (Albemarle, NC MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 804 $229,270,000 $285,162
$100,000 or less 531 $28,505,000 $53,682
$100k-200k 453 $67,195,000 $148,333
$400k-600k 105 $48,055,000 $457,667
$600k-1000k 17 $12,175,000 $716,176
$Over $1MM 6 $9,630,000 $1,605,000

Albemarle's loan sizing saw the bucket of loans from $200k-400k with 804 originations, totaling $229,270,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 798 $230,060,000 $288,296
Under 20% 317 $14,845,000 $46,830
60-80% 300 $72,540,000 $241,800
20-40% 263 $26,585,000 $101,084
40-60% 180 $33,530,000 $186,278
Over 100% 42 $11,590,000 $275,952

Albemarle's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 798 originations, totaling $230,060,000 in origination value.