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 6.6% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.59% and one month ago for the week of 2024-11-07, the average rate was 6.69%.

    Alexandria's average rate one year ago was 6.73%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.8%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Alexandria 30 Year Fixed Rate 2024-12-12 6.6%
    Alexandria 30 Year Fixed Rate Refi 2024-12-12 6.8%
    Alexandria 15 Year Fixed Rate 2024-12-12 6.04%
    Alexandria 15 Year Fixed Rate Refi 2024-12-12 6.24%
    Alexandria 30 Year FHA 2024-12-12 6.08%
    Alexandria 30 Year FHA Refi 2024-12-12 6.08%
    Alexandria 30 Year USDA 2024-12-12 6.3%
    Alexandria 30 Year USDA Refi 2024-12-12 6.2%
    Alexandria 30 Year VA 2024-12-12 5.88%
    Alexandria 30 Year VA Refi 2024-12-12 6.08%
    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 $444,900 (5.7%) $506,159 (0.1%) 0.00 117
    2024-07-01 $439,900 (4.8%) $506,057 (5.6%) 0.00 134
    2024-08-01 $437,450 (10.1%) $500,976 (7.0%) 0.00 132
    2024-09-01 $418,675 (7.7%) $493,971 (10.9%) 0.00 128
    2024-10-01 $438,500 (13.4%) $518,560 (15.5%) 0.00 135
    2024-11-01 $419,900 (7.4%) $492,980 (9.3%) 0.00 124
    Alexandria's median listing price for 2024-11-01 was $419,900, a difference of $28,900 (7.4%) versus the prior year and $-18,600 versus the prior month.

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

    Alexandria's average listing price for 2024-11-01 was $492,980, a difference of $42,053 (9.3%) versus the prior year and $-25,580 versus the prior month.

    For the 2024-11-01 period, Alexandria had 124 MLS listings, a difference of -11 listings (-8%) versus the prior month and 26 listings (27%) 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
    2024-07-01 0 days 2,081 sqft
    2024-08-01 0 days 2,095 sqft
    2024-09-01 0 days 2,051 sqft
    2024-10-01 0 days 2,147 sqft
    2024-11-01 0 days 2,143 sqft
    Alexandria's median listing age (time on market) for 2024-11-01 was 0 days.

    Alexandria's median square footage for active listings during the 2024-11-01 period was 2,143 sqft. One year prior, the average listing was 2,016 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.