Alexandria Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Alexandria averaged 6.58% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.86% and one month ago for the week of 2023-02-16, the average rate was 6.18%.

    Alexandria's average rate one year ago was 3.56%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.87%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Alexandria 30 Year Fixed Rate 2023-03-23 6.58%
    Alexandria 30 Year Fixed Rate Refi 2023-03-23 6.87%
    Alexandria 15 Year Fixed Rate 2023-03-23 5.96%
    Alexandria 15 Year Fixed Rate Refi 2023-03-23 6.42%
    Alexandria 30 Year FHA 2023-03-23 6.38%
    Alexandria 30 Year FHA Refi 2023-03-23 6.2%
    Alexandria 30 Year USDA 2023-03-23 5.74%
    Alexandria 30 Year USDA Refi 2023-03-23 6.06%
    Alexandria 30 Year VA 2023-03-23 5.83%
    Alexandria 30 Year VA Refi 2023-03-23 5.55%
    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%) $341,346 (2.4%) 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 (12.8%) 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
    Alexandria's median listing price for 2023-02-01 was $308,750, a difference of $62,300 (25.3%) versus the prior year and $250 versus the prior month.

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

    Alexandria's average listing price for 2023-02-01 was $399,053, a difference of $52,533 (15.2%) versus the prior year and $29,345 versus the prior month.

    For the 2023-02-01 period, Alexandria had 45 MLS listings, a difference of -3 listings (-6%) versus the prior month and 11 listings (32%) 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 1,896 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 1,853 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 1,974 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
    Alexandria's median listing age (time on market) for 2023-02-01 was 0 days.

    Alexandria's median square footage for active listings during the 2023-02-01 period was 1,690 sqft. One year prior, the average listing was 2,048 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.