Alexandria Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Alexandria averaged 6.73% for the week of 2023-12-07, compared to the national average of 7.03% for the same period.

The average rate for the prior week (2023-11-30) was 6.82% and one month ago for the week of 2023-11-02, the average rate was 7.56%.

Alexandria's average rate one year ago was 6.29%.

For refis of the same type during the week of 2023-12-07, the average rate was 6.29%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-12-07 7.03%
Alexandria 30 Year Fixed Rate 2023-12-07 6.73%
Alexandria 30 Year Fixed Rate Refi 2023-12-07 6.29%
Alexandria 15 Year Fixed Rate 2023-12-07 6.29%
Alexandria 15 Year Fixed Rate Refi 2023-12-07 6.79%
Alexandria 30 Year FHA 2023-12-07 6.82%
Alexandria 30 Year FHA Refi 2023-12-07 6.92%
Alexandria 30 Year USDA 2023-12-07 6.62%
Alexandria 30 Year USDA Refi 2023-12-07 7.02%
Alexandria 30 Year VA 2023-12-07 6.54%
Alexandria 30 Year VA Refi 2023-12-07 6.74%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alexandria, MN.

Alexandria 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 Alexandria, MN 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Bell Bank 49 4.73% $4,672
First Western Bank & Trust 42 4.77% $3,667
Bremer Bank 37 4.79% $5,277
Gate City Bank 25 4.27% $6,191
QUICKEN LOANS, LLC 17 5.02% $6,636
UNITED WHOLESALE MORTGAGE, LLC 17 5.31% $6,015
Wells Fargo Bank 13 4.81% $4,487
Truist 11 4.26% $5,188
CENTRAL MINNESOTA Credit Union 10 4.65% $3,336
PENNYMAC LOAN SERVICES, LLC 10 4.77% $9,011
PLAZA HOME MORTGAGE, INC. 9 5.68% $7,597
Merchants Bank 7 4.44% $4,525
HOMEOWNERS FINANCIAL GROUP USA, LLC 6 5.42% $4,741
LOANDEPOT.COM, LLC 6 5.21% $5,001
Flagstar Bank, FSB 6 4.52% $5,591
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 4 4.55% $4,939
BROKER SOLUTIONS, INC. 4 5.41% $4,734
WINGS FINANCIAL 4 4.47% $3,269
CRESCENT MORTGAGE COMPANY 4 4.34% $4,751
U.S. Bank 4 4.78% $4,230
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.15% $6,532
CROSSCOUNTRY MORTGAGE, LLC 3 4.50% $5,580
GUARANTEED RATE, INC. 3 3.78% $6,283
AFFINITY PLUS 3 5.17% $3,103
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.25% $9,169
Tradition Mortgage, LLC 3 4.17% $5,372
HOME POINT FINANCIAL CORPORATION 3 3.21% $8,811
PREMIER MORTGAGE RESOURCES, L.L.C. 3 4.67% $6,211
Think Mutual Bank 3 4.46% $5,673
Heritage Bank 3 4.96% $4,955
TOWN AND COUNTRY Credit Union 2 5.12% $5,569
American Mortgage & Equity Consultants, Inc. 2 3.31% $4,294
BETTER MORTGAGE CORPORATION 2 4.88% $5,885
Carrington Mortgage Services, LLC 2 5.44% $6,738
Dacotah Bank 2 4.64% $3,200
EVERETT FINANCIAL, INC. 2 5.06% $1,976
Goldwater Bank, N.A. 2 6.44% $5,471
Mr. Cooper ( Nationstar Mortgage ) 2 5.06% $7,246
THRIVENT Federal Credit Union 2 3.38% $2,938
INTERCAP LENDING INC. 1 6.50% $7,724
IOWA BANKERS MORTGAGE CORPORATION 1 4.75% $5,198
Ixonia Bank 1 5.50% $4,137
JPMorgan Chase Bank 1 4.38% $3,143
Lend Smart Mortgage, LLC 1 6.13% $2,791
Home Federal Savings Bank 1 4.38% $5,348
MAYO EMPLOYEES FEDERAL CREDIT UNION 1 4.88% $2,462
MEGASTAR FINANCIAL CORP. 1 3.88% $3,317
GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $8,251
MidWestOne Bank 1 3.38% $2,480
Minnwest Bank 1 3.13% $3,723
MOVEMENT MORTGAGE, LLC 1 4.63% $6,173
Alerus Financial 1 5.50% $3,133
M&T Bank 1 3.50% $2,136
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.88% $4,575
NETWORK CAPITAL FUNDING CORPORATION 1 3.38% $7,368
NEWREZ LLC 1 3.99% $5,717
North American Savings Bank, F.S.B. 1 5.75% $6,063
Northview Bank 1 3.25% $5,135
Northwest Bank 1 3.38% $3,190
Paramount Residential Mortgage Group, Inc. 1 3.50% $6,875
FIRST COMMUNITY CREDIT UNION 1 3.13% $4,427
Pinnacle Bank 1 5.13% $3,453
Plains Commerce Bank 1 5.63% $3,296
Core Bank 1 2.75% $4,380
Chicago Mortgage Solutions LLC 1 3.24% $1,555
Prosperity Home Mortgage, LLC 1 6.50% $6,901
Century Mortgage Company DBA Century Lending Company 1 6.38% $4,302
RiverWood Bank 1 4.88% $17,901
S1L, Inc. 1 4.99% $5,747
Servion, Inc. 1 4.75% $4,245
CANOPY MORTGAGE, LLC 1 5.13% $4,122
Wyndham Capital Mortgage, Inc. 1 4.75% $6,663
TOPLINE FEDERAL CREDIT UNION 1 5.38% $3,317
Cambria Financial Group, LLC 1 4.00% $5,101
BankVista 1 4.95% $5,804
Bank of America 1 2.50% $5,256
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.75% $2,858
UNION HOME MORTGAGE CORP. 1 5.00% $9,881
Union State Bank of Fargo 1 6.50% $4,766
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.88% $17,593
AMERISAVE MORTGAGE CORPORATION 1 3.50% $10,147
Ally Bank 1 4.38% $2,365
HomeTown Bank 1 3.88% $6,263
Hometown Lenders, Inc. 1 5.63% $3,684

Alexandria Average Closing Costs & Other Stats

Alexandria, MN's 84 lenders originated 903 loans during 2022. The total origination value was $224,875,000, with an average loan value of $249,031.

Alexandria's average closing costs are $4,640.

The top Alexandria lender as defined by loan originations is Bell Bank, with 49 loans originated. Their average total fees are $4,672, which is $1,005 higher than the next largest lender, First Western Bank & Trust.

The lowest fee Alexandria lenders (with over 10 loans originated) are CENTRAL MINNESOTA Credit Union ($3,336), First Western Bank & Trust ($3,667), Wells Fargo Bank ($4,487), Bell Bank ($4,672) and Truist ($5,188).

The lowest rate Alexandria lenders (with over 10 loans originated) are Truist (4.26%), Gate City Bank (4.27%), CENTRAL MINNESOTA Credit Union (4.65%), Bell Bank (4.73%) and First Western Bank & Trust (4.77%).

Alexandria, MN 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
First Western Bank & Trust $31,785,000 $39,420,000 24.0% 17.5%
Bell Bank $48,095,000 $25,515,000 -46.9% 11.3%
Bremer Bank $36,450,000 $18,720,000 -48.6% 8.3%
Gate City Bank $17,550,000 $11,580,000 -34.0% 5.1%
U.S. Bank $13,185,000 $10,500,000 -20.4% 4.7%
QUICKEN LOANS, LLC $25,620,000 $7,020,000 -72.6% 3.1%
UNITED WHOLESALE MORTGAGE, LLC $13,985,000 $6,660,000 -52.4% 3.0%
Wells Fargo Bank $15,160,000 $5,950,000 -60.8% 2.6%
Truist $7,095,000 $5,065,000 -28.6% 2.3%
PENNYMAC LOAN SERVICES, LLC $8,115,000 $4,030,000 -50.3% 1.8%
PLAZA HOME MORTGAGE, INC. $1,030,000 $3,710,000 260.2% 1.6%
American National Bank of Minnesota $10,615,000 $3,545,000 -66.6% 1.6%
CENTRAL MINNESOTA Credit Union $7,155,000 $2,875,000 -59.8% 1.3%
LOANDEPOT.COM, LLC $4,850,000 $2,615,000 -46.1% 1.2%
AFFINITY PLUS $3,545,000 $2,580,000 -27.2% 1.1%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $2,400,000 $2,290,000 -4.6% 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,850,000 $2,275,000 -20.2% 1.0%
Merchants Bank $6,455,000 $2,250,000 -65.1% 1.0%
CRESCENT MORTGAGE COMPANY $13,205,000 $1,985,000 -85.0% 0.9%
Old National Bank $895,000 $1,855,000 107.3% 0.8%
WINGS FINANCIAL $9,455,000 $1,795,000 -81.0% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $1,440,000 $1,745,000 21.2% 0.8%
Tradition Capital Bank $1,740,000 n/a 0.8%
Flagstar Bank, FSB $5,930,000 $1,665,000 -71.9% 0.7%
Mortgage Research Center, LLC $4,355,000 $1,600,000 -63.3% 0.7%
Tradition Mortgage, LLC $2,005,000 $1,565,000 -21.9% 0.7%
HOME POINT FINANCIAL CORPORATION $3,715,000 $1,545,000 -58.4% 0.7%
HOMEOWNERS FINANCIAL GROUP USA, LLC $2,020,000 $1,450,000 -28.2% 0.6%
FREEDOM MORTGAGE CORPORATION $6,545,000 $1,415,000 -78.4% 0.6%
Think Mutual Bank $940,000 $1,355,000 44.1% 0.6%
EVERETT FINANCIAL, INC. $1,335,000 n/a 0.6%
Bank of America $145,000 $1,295,000 793.1% 0.6%
Neighborhood National Bank $2,930,000 $1,290,000 -56.0% 0.6%
Northview Bank $790,000 $1,200,000 51.9% 0.5%
PREMIER MORTGAGE RESOURCES, L.L.C. $2,140,000 $1,190,000 -44.4% 0.5%
First Bank & Trust $1,375,000 $1,170,000 -14.9% 0.5%
American Mortgage & Equity Consultants, Inc. $2,175,000 $1,165,000 -46.4% 0.5%
GUARANTEED RATE, INC. $2,145,000 $1,030,000 -52.0% 0.5%
Midwest Bank $2,305,000 $1,000,000 -56.6% 0.4%
American Federal Bank $755,000 $980,000 29.8% 0.4%
NEW DAY FINANCIAL, LLC $1,190,000 $965,000 -18.9% 0.4%
BROKER SOLUTIONS, INC. $6,445,000 $955,000 -85.2% 0.4%
Heritage Bank $770,000 $895,000 16.2% 0.4%
USAA Federal Savings Bank $550,000 $855,000 55.5% 0.4%
ANGEL OAK MORTGAGE SOLUTIONS LLC $825,000 n/a 0.4%
First Resource Bank $2,960,000 $750,000 -74.7% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $745,000 n/a 0.3%
MOVEMENT MORTGAGE, LLC $735,000 n/a 0.3%
RiverWood Bank $1,380,000 $720,000 -47.8% 0.3%
TOWN AND COUNTRY Credit Union $560,000 $720,000 28.6% 0.3%
Cambria Financial Group, LLC $585,000 $645,000 10.3% 0.3%
AMERICAN INTERNET MORTGAGE, INC. $840,000 $635,000 -24.4% 0.3%
Core Bank $635,000 n/a 0.3%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $480,000 $620,000 29.2% 0.3%
BETTER MORTGAGE CORPORATION $925,000 $620,000 -33.0% 0.3%
The Huntington National Bank $305,000 $605,000 98.4% 0.3%
Frandsen Bank & Trust $1,210,000 $580,000 -52.1% 0.3%
PLANET HOME LENDING, LLC $565,000 n/a 0.3%
S1L, Inc. $555,000 n/a 0.2%
Prosperity Home Mortgage, LLC $3,400,000 $540,000 -84.1% 0.2%
NEWREZ LLC $740,000 $525,000 -29.1% 0.2%
Morgan Stanley Private Bank $515,000 $515,000 0.0% 0.2%
AgCountry Farm Credit Services, FLCA $455,000 $505,000 11.0% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $2,990,000 $505,000 -83.1% 0.2%
Carrington Mortgage Services, LLC $590,000 $500,000 -15.3% 0.2%
Dacotah Bank $495,000 n/a 0.2%
Deerwood Bank $995,000 $495,000 -50.3% 0.2%
Sherburne State Bank $195,000 $465,000 138.5% 0.2%
Liberty Savings Bank, F.S.B. $455,000 n/a 0.2%
THRIVENT Federal Credit Union $1,600,000 $455,000 -71.6% 0.2%
Bank Forward $445,000 n/a 0.2%
IOWA BANKERS MORTGAGE CORPORATION $430,000 $445,000 3.5% 0.2%
Northwest Bank $415,000 n/a 0.2%
Bank of England $75,000 $410,000 446.7% 0.2%
CALIBER HOME LOANS, INC. $2,475,000 $410,000 -83.4% 0.2%
Alerus Financial $2,930,000 $390,000 -86.7% 0.2%
LAKEVIEW LOAN SERVICING, LLC $1,780,000 $390,000 -78.1% 0.2%
Liberty Bank Minnesota $1,600,000 $375,000 -76.6% 0.2%
AMERISAVE MORTGAGE CORPORATION $3,515,000 $365,000 -89.6% 0.2%
Hometown Lenders, Inc. $365,000 n/a 0.2%
AMERIFIRST FINANCIAL CORPORATION $355,000 n/a 0.2%
BankVista $840,000 $355,000 -57.7% 0.2%
HomeTown Bank $1,245,000 $355,000 -71.5% 0.2%
MINNCO CREDIT UNION $355,000 n/a 0.2%
Bank of the West $690,000 $345,000 -50.0% 0.2%
INTERCAP LENDING INC. $345,000 n/a 0.2%
Goldwater Bank, N.A. $715,000 $315,000 -55.9% 0.1%
MORTGAGE ACCESS CORP. $315,000 n/a 0.1%
Pinnacle Bank $305,000 n/a 0.1%
MEGASTAR FINANCIAL CORP. $380,000 $300,000 -21.1% 0.1%
Plains Commerce Bank $1,255,000 $280,000 -77.7% 0.1%
EAGLE HOME MORTGAGE, LLC $265,000 n/a 0.1%
Home Federal Savings Bank $265,000 n/a 0.1%
North American Savings Bank, F.S.B. $265,000 n/a 0.1%
Servion, Inc. $2,570,000 $260,000 -89.9% 0.1%
CANOPY MORTGAGE, LLC $255,000 n/a 0.1%
GUARANTY HOME MORTGAGE CORPORATION $810,000 $255,000 -68.5% 0.1%
Royal Credit Union $255,000 n/a 0.1%
SIRVA MORTGAGE, INC. $545,000 $255,000 -53.2% 0.1%
The Federal Savings Bank $1,375,000 $245,000 -82.2% 0.1%
UNION HOME MORTGAGE CORP. $245,000 n/a 0.1%
Discover Bank $120,000 $235,000 95.8% 0.1%
AMERICAN ADVISORS GROUP $230,000 n/a 0.1%
Citizens Bank Minnesota $760,000 $225,000 -70.4% 0.1%
CMG MORTGAGE, INC. $1,020,000 $225,000 -77.9% 0.1%
NETWORK CAPITAL FUNDING CORPORATION $225,000 n/a 0.1%
Ally Bank $215,000 n/a 0.1%
GENISYS $205,000 n/a 0.1%
Ixonia Bank $205,000 n/a 0.1%
Union State Bank of Fargo $205,000 n/a 0.1%
VISIONBank $205,000 n/a 0.1%
OCMBC, INC. $200,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $105,000 $195,000 85.7% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $155,000 $195,000 25.8% 0.1%
American Heritage National Bank $185,000 n/a 0.1%
Dakota Community Bank & Trust $185,000 n/a 0.1%
Minnwest Bank $335,000 $185,000 -44.8% 0.1%
Wyndham Capital Mortgage, Inc. $580,000 $185,000 -68.1% 0.1%
TOPLINE FEDERAL CREDIT UNION $705,000 $180,000 -74.5% 0.1%
CHURCHILL MORTGAGE CORPORATION $1,120,000 $175,000 -84.4% 0.1%
M&T Bank $175,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $1,120,000 $175,000 -84.4% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $165,000 n/a 0.1%
FIRST COMMUNITY CREDIT UNION $225,000 $155,000 -31.1% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $155,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $770,000 $155,000 -79.9% 0.1%
SPIRE Credit Union $155,000 n/a 0.1%
Lend Smart Mortgage, LLC $785,000 $135,000 -82.8% 0.1%
Associated Bank $125,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $125,000 n/a 0.1%
Unison Bank $555,000 $120,000 -78.4% 0.1%
LONGBRIDGE FINANCIAL, LLC $115,000 n/a 0.1%
MidWestOne Bank $225,000 $115,000 -48.9% 0.1%
Chicago Mortgage Solutions LLC $195,000 $105,000 -46.2% 0.0%
Figure Lending LLC $105,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $245,000 $105,000 -57.1% 0.0%
JPMorgan Chase Bank $1,220,000 $95,000 -92.2% 0.0%
MAYO EMPLOYEES FEDERAL CREDIT UNION $95,000 n/a 0.0%
American Investors Bank and Mortgage $75,000 n/a 0.0%
NOVATION CREDIT UNION $75,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $915,000 $75,000 -91.8% 0.0%
ROYAL UNITED MORTGAGE LLC $65,000 n/a 0.0%
First International Bank & Trust $5,825,000 $55,000 -99.1% 0.0%
ST. CLOUD FINANCIAL $175,000 $25,000 -85.7% 0.0%
HIWAY $760,000 $15,000 -98.0% 0.0%

Alexandria's top lender by overall market share is First Western Bank & Trust, with 17.5% market share. In second place, with 11.3%, is Bell Bank, having originated $25,515,000 in loans. In third place, with 8.3%, is Bremer Bank, having originated $18,720,000 in loans. In fourth place, with 5.1%, is Gate City Bank, having originated $11,580,000 in loans. In fifth place, with 4.7%, is U.S. Bank, having originated $10,500,000 in loans.


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

Realtor.com - Alexandria (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 $249,900 (8.8%) $288,635 (4.2%) 0.00 195
2018-02-01 $249,900 (6.1%) $292,205 (2.9%) 0.00 199
2018-03-01 $257,000 (4.4%) $308,598 (4.3%) 0.00 207
2018-04-01 $265,950 (3.7%) $312,167 (3.1%) 0.00 232
2018-05-01 $272,675 (9.1%) $327,935 (8.7%) 0.00 272
2018-06-01 $269,900 (7.0%) $327,272 (8.2%) 0.00 300
2018-07-01 $263,025 (2.7%) $320,400 (0.6%) 0.00 313
2018-08-01 $266,750 (2.6%) $319,738 (-1.3%) 0.00 330
2018-09-01 $264,950 (2.1%) $315,160 (-3.0%) 0.00 346
2018-10-01 $273,950 (9.6%) $315,930 (4.1%) 0.00 297
2018-11-01 $277,500 (11.0%) $316,317 (4.5%) 0.00 249
2018-12-01 $279,900 (12.0%) $329,281 (12.0%) 0.00 202
2019-01-01 $279,375 (11.8%) $315,816 (9.4%) 0.00 177
2019-02-01 $277,000 (10.8%) $315,105 (7.8%) 0.00 171
2019-03-01 $284,186 (10.6%) $323,421 (4.8%) 0.00 187
2019-04-01 $289,900 (9.0%) $333,288 (6.8%) 0.00 216
2019-05-01 $284,900 (4.5%) $321,555 (-2.0%) 0.00 255
2019-06-01 $274,900 (1.9%) $318,104 (-2.8%) 0.00 265
2019-07-01 $271,350 (3.2%) $312,958 (-2.3%) 0.00 261
2019-08-01 $276,973 (3.8%) $317,308 (-0.8%) 0.00 260
2019-09-01 $281,432 (6.2%) $321,156 (1.9%) 0.00 251
2019-10-01 $285,200 (4.1%) $324,090 (2.6%) 0.00 243
2019-11-01 $294,950 (6.3%) $330,863 (4.6%) 0.00 213
2019-12-01 $288,925 (3.2%) $327,795 (-0.5%) 0.00 189
2020-01-01 $288,900 (3.4%) $317,282 (0.5%) 0.00 148
2020-02-01 $293,450 (5.9%) $325,169 (3.2%) 0.00 144
2020-03-01 $299,900 (5.5%) $333,156 (3.0%) 0.00 156
2020-04-01 $304,950 (5.2%) $340,394 (2.1%) 0.00 173
2020-05-01 $309,000 (8.5%) $349,361 (8.7%) 0.00 193
2020-06-01 $304,425 (10.7%) $346,123 (8.8%) 0.00 184
2020-07-01 $315,900 (16.4%) $342,704 (9.5%) 0.00 169
2020-08-01 $319,950 (15.5%) $353,085 (11.3%) 0.00 168
2020-09-01 $317,950 (13.0%) $354,701 (10.5%) 0.00 154
2020-10-01 $315,000 (10.5%) $367,161 (13.3%) 0.00 139
2020-11-01 $299,900 (1.7%) $346,932 (4.9%) 0.00 101
2020-12-01 $299,900 (3.8%) $364,998 (11.4%) 0.00 79
2021-01-01 $299,900 (3.8%) $353,081 (11.3%) 0.00 60
2021-02-01 $288,925 (-1.5%) $349,147 (7.4%) 0.00 63
2021-03-01 $289,175 (-3.6%) $350,731 (5.3%) 0.00 50
2021-04-01 $293,700 (-3.7%) $385,181 (13.2%) 0.00 55
2021-05-01 $299,900 (-2.9%) $373,931 (7.0%) 0.00 64
2021-06-01 $303,225 (-0.4%) $368,559 (6.5%) 0.00 85
2021-07-01 $298,000 (-5.7%) $368,592 (7.6%) 0.00 90
2021-08-01 $303,725 (-5.1%) $373,224 (5.7%) 0.00 104
2021-09-01 $314,250 (-1.2%) $364,135 (2.7%) 0.00 109
2021-10-01 $299,950 (-4.8%) $375,928 (2.4%) 0.00 83
2021-11-01 $298,000 (-0.6%) $382,666 (10.3%) 0.00 64
2021-12-01 $259,950 (-13.3%) $351,820 (-3.6%) 0.00 51
2022-01-01 $225,000 (-25.0%) $332,723 (-5.8%) 0.00 40
2022-02-01 $246,450 (-14.7%) $346,520 (-0.8%) 0.00 34
2022-03-01 $272,950 (-5.6%) $340,595 (-2.9%) 0.00 41
2022-04-01 $297,450 (1.3%) $422,670 (9.7%) 0.00 50
2022-05-01 $317,975 (6.0%) $446,217 (19.3%) 0.00 62
2022-06-01 $312,450 (3.0%) $466,911 (26.7%) 0.00 78
2022-07-01 $319,900 (7.4%) $461,892 (25.3%) 0.00 94
2022-08-01 $345,925 (13.9%) $490,802 (31.5%) 0.00 91
2022-09-01 $334,000 (6.3%) $443,391 (21.8%) 0.00 86
2022-10-01 $329,000 (9.7%) $451,209 (20.0%) 0.00 82
2022-11-01 $313,700 (5.3%) $468,012 (22.3%) 0.00 66
2022-12-01 $307,500 (18.3%) $438,613 (24.7%) 0.00 59
2023-01-01 $308,500 (37.1%) $369,708 (11.1%) 0.00 48
2023-02-01 $308,750 (25.3%) $399,053 (15.2%) 0.00 45
2023-03-01 $339,000 (24.2%) $393,610 (15.6%) 0.00 47
2023-04-01 $397,450 (33.6%) $442,114 (4.6%) 0.00 42
2023-05-01 $397,400 (25.0%) $448,441 (0.5%) 0.00 64
2023-06-01 $420,950 (34.7%) $505,445 (8.3%) 0.00 88
2023-07-01 $419,900 (31.3%) $479,050 (3.7%) 0.00 96
2023-08-01 $397,450 (14.9%) $468,243 (-4.6%) 0.00 106
2023-09-01 $388,700 (16.4%) $445,381 (0.5%) 0.00 115
2023-10-01 $386,850 (17.6%) $449,127 (-0.5%) 0.00 110
2023-11-01 $391,000 (24.6%) $450,927 (-3.7%) 0.00 98
Alexandria's median listing price for 2023-11-01 was $391,000, a difference of $77,300 (24.6%) versus the prior year and $4,150 versus the prior month.

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

Alexandria's average listing price for 2023-11-01 was $450,927, a difference of $-17,085 (-3.7%) versus the prior year and $1,800 versus the prior month.

For the 2023-11-01 period, Alexandria had 98 MLS listings, a difference of -12 listings (-11%) versus the prior month and 32 listings (48%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Alexandria (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,944 sqft
2018-02-01 0 days 2,065 sqft
2018-03-01 0 days 2,091 sqft
2018-04-01 0 days 2,105 sqft
2018-05-01 0 days 2,028 sqft
2018-06-01 0 days 1,917 sqft
2018-07-01 0 days 1,922 sqft
2018-08-01 0 days 1,935 sqft
2018-09-01 0 days 1,934 sqft
2018-10-01 0 days 1,968 sqft
2018-11-01 0 days 1,873 sqft
2018-12-01 0 days 1,991 sqft
2019-01-01 0 days 1,960 sqft
2019-02-01 0 days 1,914 sqft
2019-03-01 0 days 1,938 sqft
2019-04-01 0 days 1,956 sqft
2019-05-01 0 days 1,858 sqft
2019-06-01 0 days 1,820 sqft
2019-07-01 0 days 1,820 sqft
2019-08-01 0 days 1,855 sqft
2019-09-01 0 days 1,909 sqft
2019-10-01 0 days 1,935 sqft
2019-11-01 0 days 1,920 sqft
2019-12-01 0 days 1,905 sqft
2020-01-01 0 days 1,825 sqft
2020-02-01 0 days 1,854 sqft
2020-03-01 0 days 1,880 sqft
2020-04-01 0 days 1,884 sqft
2020-05-01 0 days 1,992 sqft
2020-06-01 0 days 2,015 sqft
2020-07-01 0 days 2,051 sqft
2020-08-01 0 days 2,147 sqft
2020-09-01 0 days 2,267 sqft
2020-10-01 0 days 2,260 sqft
2020-11-01 0 days 2,005 sqft
2020-12-01 0 days 1,953 sqft
2021-01-01 0 days 1,788 sqft
2021-02-01 0 days 1,820 sqft
2021-03-01 0 days 1,821 sqft
2021-04-01 0 days 1,946 sqft
2021-05-01 0 days 1,808 sqft
2021-06-01 0 days 1,905 sqft
2021-07-01 0 days 2,031 sqft
2021-08-01 0 days 1,940 sqft
2021-09-01 0 days 1,916 sqft
2021-10-01 0 days 1,872 sqft
2021-11-01 0 days 1,952 sqft
2021-12-01 0 days 1,785 sqft
2022-01-01 0 days 1,823 sqft
2022-02-01 0 days 2,048 sqft
2022-03-01 0 days 1,974 sqft
2022-04-01 0 days 2,016 sqft
2022-05-01 0 days 1,653 sqft
2022-06-01 0 days 1,702 sqft
2022-07-01 0 days 1,642 sqft
2022-08-01 0 days 1,825 sqft
2022-09-01 0 days 1,590 sqft
2022-10-01 0 days 1,792 sqft
2022-11-01 0 days 1,709 sqft
2022-12-01 0 days 1,623 sqft
2023-01-01 0 days 1,624 sqft
2023-02-01 0 days 1,690 sqft
2023-03-01 0 days 1,724 sqft
2023-04-01 0 days 1,665 sqft
2023-05-01 0 days 1,750 sqft
2023-06-01 0 days 1,954 sqft
2023-07-01 0 days 2,029 sqft
2023-08-01 0 days 2,100 sqft
2023-09-01 0 days 2,081 sqft
2023-10-01 0 days 2,059 sqft
2023-11-01 0 days 2,018 sqft
Alexandria's median listing age (time on market) for 2023-11-01 was 0 days.

Alexandria's median square footage for active listings during the 2023-11-01 period was 2,018 sqft. One year prior, the average listing was 1,709 sqft.

Alexandria, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 439 $140,655,000 $320,399
Refi 156 $32,280,000 $206,923
Cash Out Refi 142 $35,020,000 $246,620
Other 89 $8,975,000 $100,843
Home Improvement 77 $7,945,000 $103,182

Alexandria's most frequently cited loan purpose was Home Purchase, with 439 originations. The 2nd most popular reason was Refi, with 156 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 221 $54,845,000 $248,167
4-5% 220 $53,840,000 $244,727
5-6% 206 $64,550,000 $313,350
6-7% 95 $14,325,000 $150,789
2.5-3% 47 $13,005,000 $276,702
7-8% 30 $4,670,000 $155,667
<2.5% 21 $6,545,000 $311,667
Over 8% 18 $2,010,000 $111,667

During 2022, Alexandria's most frequently originated rate bucket was 3-4%, with 221 originations.

Loan Sizing (Alexandria, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 309 $85,125,000 $275,485
$100k-200k 269 $39,595,000 $147,193
$100,000 or less 209 $10,895,000 $52,129
$400k-600k 81 $38,925,000 $480,556
$600k-1000k 29 $21,345,000 $736,034
$Over $1MM 6 $28,990,000 $4,831,667

Alexandria's loan sizing saw the bucket of loans from $200k-400k with 309 originations, totaling $85,125,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 280 $82,130,000 $293,321
60-80% 204 $83,840,000 $410,980
Under 20% 140 $6,890,000 $49,214
20-40% 116 $15,500,000 $133,621
40-60% 110 $23,010,000 $209,182
Over 100% 7 $2,045,000 $292,143

Alexandria's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 280 originations, totaling $82,130,000 in origination value.