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 6.89% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

The average rate for the prior week (2024-07-03) was 6.95% and one month ago for the week of 2024-06-06, the average rate was 6.79%.

Alexandria's average rate one year ago was 6.61%.

For refis of the same type during the week of 2024-07-11, the average rate was 6.99%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-11 6.89%
Alexandria 30 Year Fixed Rate 2024-07-11 6.89%
Alexandria 30 Year Fixed Rate Refi 2024-07-11 6.99%
Alexandria 15 Year Fixed Rate 2024-07-11 5.97%
Alexandria 15 Year Fixed Rate Refi 2024-07-11 6.27%
Alexandria 30 Year FHA 2024-07-11 6.76%
Alexandria 30 Year FHA Refi 2024-07-11 6.86%
Alexandria 30 Year USDA 2024-07-11 6.67%
Alexandria 30 Year USDA Refi 2024-07-11 6.57%
Alexandria 30 Year VA 2024-07-11 6.56%
Alexandria 30 Year VA Refi 2024-07-11 6.36%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
First Western Bank & Trust 44 6.29% $4,398
Bell Bank 33 6.69% $5,969
QUICKEN LOANS, LLC 16 6.93% $7,656
UNITED WHOLESALE MORTGAGE, LLC 12 6.90% $6,402
Bremer Bank 12 6.68% $5,026
Gate City Bank 11 6.48% $4,770
CENTRAL MINNESOTA Credit Union 6 6.02% $3,070
BROKER SOLUTIONS, INC. 5 7.07% $7,431
PLAZA HOME MORTGAGE, INC. 5 6.67% $5,244
Truist 5 6.62% $5,627
U.S. Bank 5 6.88% $4,787
PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.91% $7,298
Wells Fargo Bank 4 6.50% $6,274
Merchants Bank 3 7.07% $4,393
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.50% $4,663
Flagstar Bank, FSB 3 7.20% $4,932
LOANDEPOT.COM, LLC 3 6.91% $4,730
CRESCENT MORTGAGE COMPANY 2 6.50% $7,014
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.50% $3,994
Summit Mortgage Corporation 2 6.50% $5,181
The Huntington National Bank 2 6.63% $4,275
EVERETT FINANCIAL, INC. 2 7.13% $10,932
AFFINITY PLUS 2 5.88% $5,730
GUARANTEED RATE, INC. 2 7.33% $6,394
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 2 7.06% $4,706
CARDINAL FINANCIAL 2 7.75% $8,338
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.94% $7,283
WINGS FINANCIAL 2 5.75% $3,912
FREEDOM MORTGAGE CORPORATION 2 7.50% $10,467
Mr. Cooper ( Nationstar Mortgage ) 2 6.38% $5,487
HIWAY 2 5.88% $3,493
USAA Federal Savings Bank 1 7.88% $4,530
VALLEY MORTGAGE, INC. 1 6.13% $6,123
Tradition Mortgage, LLC 1 7.63% $5,230
American Mortgage & Equity Consultants, Inc. 1 6.99% $16,098
AMERISAVE MORTGAGE CORPORATION 1 7.38% $6,890
BETTER MORTGAGE CORPORATION 1 7.13% $8,204
Century Mortgage Company DBA Century Lending Company 1 7.63% $4,173
Citizens Bank Minnesota 1 5.88% $5,532
DRAPER AND KRAMER MORTGAGE CORP. 1 7.63% $14,054
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.88% $4,389
First Bank & Trust 1 5.50% $3,600
Frandsen Bank & Trust 1 8.19% $6,063
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.38% $7,076
GREAT LAKES 1 5.88% $2,713
GSF Mortgage Corporation 1 7.49% $17,251
Home Federal Savings Bank 1 6.38% $7,724
Independent Bank 1 6.88% $5,746
JPMorgan Chase Bank 1 6.38% $4,868
MANN FINANCIAL INC. 1 8.00% $4,108
MASON MCDUFFIE MORTGAGE CORPORATION 1 8.00% $7,321
MEGASTAR FINANCIAL CORP. 1 7.13% $1,807
Minnwest Bank 1 5.63% $4,230
NAVY FEDERAL CREDIT UNION 1 5.63% $2,429
Northpointe Bank 1 5.75% $9,679
Northwest Bank 1 6.00% $7,293
PENNYMAC LOAN SERVICES, LLC 1 6.88% $8,035
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $10,451
Prosperity Home Mortgage, LLC 1 7.00% $4,199
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $3,851
ROYAL UNITED MORTGAGE LLC 1 8.13% $11,112
Servion, Inc. 1 6.38% $5,414
SPIRE Credit Union 1 6.13% $3,728
Think Mutual Bank 1 7.00% $3,856

Alexandria Average Closing Costs & Other Stats

Alexandria, MN's 64 lenders originated 650 loans during 2023. The total origination value was $148,690,000, with an average loan value of $228,754.

Alexandria's average closing costs are $4,807.

The top Alexandria lender as defined by loan originations is First Western Bank & Trust, with 44 loans originated. Their average total fees are $4,398, which is $1,572 lower than the next largest lender, Bell Bank.

The lowest fee Alexandria lenders (with over 10 loans originated) are First Western Bank & Trust ($4,398), Gate City Bank ($4,770), Bremer Bank ($5,026), Bell Bank ($5,969) and UNITED WHOLESALE MORTGAGE, LLC ($6,402).

The lowest rate Alexandria lenders (with over 10 loans originated) are First Western Bank & Trust (6.29%), Gate City Bank (6.48%), Bremer Bank (6.68%), Bell Bank (6.69%) and UNITED WHOLESALE MORTGAGE, LLC (6.90%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Bell Bank $25,515,000 $17,635,000 -30.9% 11.9%
First Western Bank & Trust $39,420,000 $16,620,000 -57.8% 11.2%
Bremer Bank $18,720,000 $7,735,000 -58.7% 5.2%
QUICKEN LOANS, LLC $7,020,000 $7,460,000 6.3% 5.0%
JONES LANG LASALLE MULTIFAMILY, LLC $5,885,000 n/a 4.0%
UNITED WHOLESALE MORTGAGE, LLC $6,660,000 $5,255,000 -21.1% 3.5%
Gate City Bank $11,580,000 $5,175,000 -55.3% 3.5%
U.S. Bank $10,500,000 $4,580,000 -56.4% 3.1%
American National Bank of Minnesota $3,545,000 $2,930,000 -17.3% 2.0%
Truist $5,065,000 $2,615,000 -48.4% 1.8%
CENTRAL MINNESOTA Credit Union $2,875,000 $2,480,000 -13.7% 1.7%
AgCountry Farm Credit Services, FLCA $505,000 $2,460,000 387.1% 1.7%
PREMIER MORTGAGE RESOURCES, L.L.C. $1,190,000 $2,325,000 95.4% 1.6%
Mortgage Research Center, LLC $1,600,000 $2,215,000 38.4% 1.5%
Park State Bank $2,155,000 n/a 1.4%
LOANDEPOT.COM, LLC $2,615,000 $1,925,000 -26.4% 1.3%
AFFINITY PLUS $2,580,000 $1,890,000 -26.7% 1.3%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $2,290,000 $1,835,000 -19.9% 1.2%
BROKER SOLUTIONS, INC. $955,000 $1,750,000 83.2% 1.2%
USAA Federal Savings Bank $855,000 $1,575,000 84.2% 1.1%
PLAZA HOME MORTGAGE, INC. $3,710,000 $1,505,000 -59.4% 1.0%
Kensington Bank $1,470,000 n/a 1.0%
American Federal Bank $980,000 $1,385,000 41.3% 0.9%
Merchants Bank $2,250,000 $1,200,000 -46.7% 0.8%
FREEDOM MORTGAGE CORPORATION $1,415,000 $1,175,000 -17.0% 0.8%
Flagstar Bank, FSB $1,665,000 $1,145,000 -31.2% 0.8%
EVERETT FINANCIAL, INC. $1,335,000 $1,045,000 -21.7% 0.7%
Home Federal Savings Bank $265,000 $1,035,000 290.6% 0.7%
BankVista $355,000 $1,005,000 183.1% 0.7%
The Huntington National Bank $605,000 $990,000 63.6% 0.7%
MUTUAL OF OMAHA MORTGAGE, INC. $745,000 $960,000 28.9% 0.6%
First Resource Bank $750,000 $950,000 26.7% 0.6%
Midwest Bank $1,000,000 $925,000 -7.5% 0.6%
PENNYMAC LOAN SERVICES, LLC $4,030,000 $915,000 -77.3% 0.6%
Wells Fargo Bank $5,950,000 $905,000 -84.8% 0.6%
GUARANTEED RATE, INC. $1,030,000 $895,000 -13.1% 0.6%
Citizens Bank Minnesota $225,000 $820,000 264.4% 0.6%
Paramount Residential Mortgage Group, Inc. $155,000 $800,000 416.1% 0.5%
Deerwood Bank $495,000 $730,000 47.5% 0.5%
Independent Bank $725,000 n/a 0.5%
Oakstar Bank $725,000 n/a 0.5%
CARDINAL FINANCIAL $675,000 n/a 0.5%
NEWREZ LLC $525,000 $675,000 28.6% 0.5%
Servion, Inc. $260,000 $655,000 151.9% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $505,000 $645,000 27.7% 0.4%
Neighborhood National Bank $1,290,000 $630,000 -51.2% 0.4%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $620,000 n/a 0.4%
CRESCENT MORTGAGE COMPANY $1,985,000 $615,000 -69.0% 0.4%
GSF Mortgage Corporation $615,000 n/a 0.4%
HIWAY $15,000 $600,000 3,900.0% 0.4%
NAVY FEDERAL CREDIT UNION $175,000 $600,000 242.9% 0.4%
WINGS FINANCIAL $1,795,000 $585,000 -67.4% 0.4%
AMERISAVE MORTGAGE CORPORATION $365,000 $560,000 53.4% 0.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $620,000 $535,000 -13.7% 0.4%
American Mortgage & Equity Consultants, Inc. $1,165,000 $530,000 -54.5% 0.4%
MidFirst Bank $525,000 n/a 0.4%
DRAPER AND KRAMER MORTGAGE CORP. $515,000 n/a 0.3%
Town Bank, N.A. $515,000 n/a 0.3%
CROSSCOUNTRY MORTGAGE, LLC $1,745,000 $460,000 -73.6% 0.3%
Minnwest Bank $185,000 $460,000 148.6% 0.3%
MASON MCDUFFIE MORTGAGE CORPORATION $455,000 n/a 0.3%
HOMEOWNERS FINANCIAL GROUP USA, LLC $1,450,000 $450,000 -69.0% 0.3%
Northview Bank $1,200,000 $450,000 -62.5% 0.3%
SUMMIT FUNDING, INC. $435,000 n/a 0.3%
The Federal Savings Bank $245,000 $415,000 69.4% 0.3%
MANN FINANCIAL INC. $405,000 n/a 0.3%
Summit Mortgage Corporation $405,000 n/a 0.3%
Discover Bank $235,000 $400,000 70.2% 0.3%
NEW DAY FINANCIAL, LLC $965,000 $385,000 -60.1% 0.3%
Northwest Bank $415,000 $385,000 -7.2% 0.3%
Citizens Bank $380,000 n/a 0.3%
Century Mortgage Company DBA Century Lending Company $125,000 $365,000 192.0% 0.2%
Frandsen Bank & Trust $580,000 $360,000 -37.9% 0.2%
First National Bank of Milaca $335,000 n/a 0.2%
VALLEY MORTGAGE, INC. $335,000 n/a 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,275,000 $325,000 -85.7% 0.2%
Prosperity Home Mortgage, LLC $540,000 $325,000 -39.8% 0.2%
Freeport State Bank $305,000 n/a 0.2%
CITIZENS EQUITY FIRST $285,000 n/a 0.2%
Flanagan State Bank $275,000 n/a 0.2%
VILLAGE CAPITAL MORTGAGE $275,000 n/a 0.2%
Bonanza Valley State Bank $270,000 n/a 0.2%
Woodlands National Bank $265,000 n/a 0.2%
Coastal Community Bank $255,000 n/a 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $255,000 n/a 0.2%
Nicolet National Bank $255,000 n/a 0.2%
Alerus Financial $390,000 $245,000 -37.2% 0.2%
Lakeview Bank $245,000 n/a 0.2%
Tradition Mortgage, LLC $1,565,000 $245,000 -84.3% 0.2%
Northpointe Bank $235,000 n/a 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $75,000 $235,000 213.3% 0.2%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $155,000 $225,000 45.2% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $225,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $65,000 $225,000 246.2% 0.2%
BETTER MORTGAGE CORPORATION $620,000 $215,000 -65.3% 0.1%
Cornerstone Bank $215,000 n/a 0.1%
PLANET HOME LENDING, LLC $565,000 $205,000 -63.7% 0.1%
SPIRE Credit Union $155,000 $200,000 29.0% 0.1%
Citizens Alliance Bank $195,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $105,000 $195,000 85.7% 0.1%
Star Bank $190,000 n/a 0.1%
Sherburne State Bank $465,000 $170,000 -63.4% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $135,000 n/a 0.1%
Old National Bank $1,855,000 $135,000 -92.7% 0.1%
TOPLINE FEDERAL CREDIT UNION $180,000 $125,000 -30.6% 0.1%
CHURCHILL MORTGAGE CORPORATION $175,000 $115,000 -34.3% 0.1%
JPMorgan Chase Bank $95,000 $115,000 21.1% 0.1%
MEGASTAR FINANCIAL CORP. $300,000 $115,000 -61.7% 0.1%
Think Mutual Bank $1,355,000 $115,000 -91.5% 0.1%
Anoka Hennepin Credit Union $105,000 n/a 0.1%
Highland Bank $105,000 n/a 0.1%
Lake Central Bank $105,000 n/a 0.1%
Peoples Bank $105,000 n/a 0.1%
VERIDIAN CREDIT UNION $105,000 n/a 0.1%
First Bank & Trust $1,170,000 $95,000 -91.9% 0.1%
BUILDING TRADES FEDERAL CREDIT UNION $85,000 n/a 0.1%
GREAT LAKES $85,000 n/a 0.1%
RiverWood Bank $720,000 $85,000 -88.2% 0.1%
ALTRA $75,000 n/a 0.1%
THRIVENT Federal Credit Union $455,000 $75,000 -83.5% 0.1%
NORTHROP GRUMMAN Federal Credit Union $65,000 n/a 0.0%
BMO Harris Bank $55,000 n/a 0.0%
IncredibleBank $55,000 n/a 0.0%
Citizens Community Federal $45,000 n/a 0.0%
Bank of America $1,295,000 $35,000 -97.3% 0.0%

Alexandria's top lender by overall market share is Bell Bank, with 11.9% market share. In second place, with 11.2%, is First Western Bank & Trust, having originated $16,620,000 in loans. In third place, with 5.2%, is Bremer Bank, having originated $7,735,000 in loans. In fourth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $7,460,000 in loans. In fifth place, with 4.0%, is JONES LANG LASALLE MULTIFAMILY, LLC, having originated $5,885,000 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%) $288,883 (4.2%) 0.00 194
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 (3.1%) $312,167 (2.8%) 0.00 232
2018-05-01 $272,675 (9.1%) $327,935 (8.7%) 0.00 272
2018-06-01 $269,900 (8.0%) $327,272 (8.2%) 0.00 300
2018-07-01 $263,025 (3.2%) $320,400 (0.5%) 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 (4.4%) 0.00 249
2018-12-01 $279,900 (12.0%) $329,281 (11.9%) 0.00 202
2019-01-01 $279,375 (11.8%) $315,816 (9.3%) 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%) $347,459 (5.0%) 0.00 101
2020-12-01 $299,900 (3.8%) $366,938 (11.9%) 0.00 78
2021-01-01 $299,900 (3.8%) $355,964 (12.2%) 0.00 59
2021-02-01 $288,950 (-1.5%) $351,978 (8.2%) 0.00 62
2021-03-01 $292,175 (-2.6%) $353,984 (6.3%) 0.00 49
2021-04-01 $293,700 (-3.7%) $388,930 (14.3%) 0.00 54
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 (10.1%) 0.00 64
2021-12-01 $259,950 (-13.3%) $351,820 (-4.1%) 0.00 51
2022-01-01 $225,000 (-25.0%) $332,723 (-6.5%) 0.00 40
2022-02-01 $246,450 (-14.7%) $346,520 (-1.6%) 0.00 34
2022-03-01 $272,950 (-6.6%) $340,595 (-3.8%) 0.00 41
2022-04-01 $297,450 (1.3%) $422,670 (8.7%) 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
2023-12-01 $397,375 (29.2%) $465,096 (6.0%) 0.00 74
2024-01-01 $392,450 (27.2%) $464,047 (25.5%) 0.00 63
2024-02-01 $399,400 (29.4%) $450,971 (13.0%) 0.00 69
2024-03-01 $435,000 (28.3%) $495,048 (25.8%) 0.00 80
2024-04-01 $434,225 (9.3%) $512,517 (15.9%) 0.00 94
2024-05-01 $447,175 (12.5%) $517,243 (15.3%) 0.00 101
2024-06-01 $449,900 (6.9%) $508,352 (0.6%) 0.00 117
Alexandria's median listing price for 2024-06-01 was $449,900, a difference of $28,950 (6.9%) versus the prior year and $2,725 versus the prior month.

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

Alexandria's average listing price for 2024-06-01 was $508,352, a difference of $2,907 (0.6%) versus the prior year and $-8,891 versus the prior month.

For the 2024-06-01 period, Alexandria had 117 MLS listings, a difference of 16 listings (16%) versus the prior month and 29 listings (33%) 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 1,969 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 1,981 sqft
2019-01-01 0 days 1,949 sqft
2019-02-01 0 days 1,906 sqft
2019-03-01 0 days 1,934 sqft
2019-04-01 0 days 1,953 sqft
2019-05-01 0 days 1,848 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 2,016 sqft
2020-12-01 0 days 1,975 sqft
2021-01-01 0 days 1,792 sqft
2021-02-01 0 days 1,820 sqft
2021-03-01 0 days 1,838 sqft
2021-04-01 0 days 1,980 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 1,853 sqft
2021-11-01 0 days 1,951 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 1,966 sqft
2022-04-01 0 days 2,048 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 2,016 sqft
2023-12-01 0 days 2,010 sqft
2024-01-01 0 days 1,985 sqft
2024-02-01 0 days 1,958 sqft
2024-03-01 0 days 2,028 sqft
2024-04-01 0 days 2,037 sqft
2024-05-01 0 days 2,083 sqft
2024-06-01 0 days 2,041 sqft
Alexandria's median listing age (time on market) for 2024-06-01 was 0 days.

Alexandria's median square footage for active listings during the 2024-06-01 period was 2,041 sqft. One year prior, the average listing was 1,954 sqft.

Alexandria, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 371 $107,525,000 $289,825
Home Improvement 88 $7,000,000 $79,545
Refi 68 $10,960,000 $161,176
Other 66 $7,020,000 $106,364
Cash Out Refi 57 $16,185,000 $283,947

Alexandria's most frequently cited loan purpose was Home Purchase, with 371 originations. The 2nd most popular reason was Home Improvement, with 88 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 210 $54,450,000 $259,286
7-8% 149 $34,595,000 $232,181
Over 8% 132 $13,680,000 $103,636
5-6% 81 $19,665,000 $242,778
4-5% 11 $8,685,000 $789,545
<2.5% 1 $5,000 $5,000
3-4% 1 $325,000 $325,000

During 2023, Alexandria's most frequently originated rate bucket was 6-7%, with 210 originations.

Loan Sizing (Alexandria, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 224 $61,950,000 $276,563
$100,000 or less 179 $9,255,000 $51,704
$100k-200k 169 $24,715,000 $146,243
$400k-600k 52 $24,170,000 $464,808
$600k-1000k 18 $12,400,000 $688,889
$Over $1MM 8 $16,200,000 $2,025,000

Alexandria's loan sizing saw the bucket of loans from $200k-400k with 224 originations, totaling $61,950,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 203 $56,325,000 $277,463
Under 20% 111 $5,075,000 $45,721
60-80% 106 $41,390,000 $390,472
20-40% 103 $11,985,000 $116,359
40-60% 60 $16,150,000 $269,167
Over 100% 3 $495,000 $165,000

Alexandria's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 203 originations, totaling $56,325,000 in origination value.