Austin Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Austin averaged 6.98% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.11% and one month ago for the week of 2023-02-09, the average rate was 6.4%.

    Austin's average rate one year ago was 3.93%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.49%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Austin 30 Year Fixed Rate 2023-03-16 6.98%
    Austin 30 Year Fixed Rate Refi 2023-03-16 6.49%
    Austin 15 Year Fixed Rate 2023-03-16 6.61%
    Austin 15 Year Fixed Rate Refi 2023-03-16 5.9%
    Austin 30 Year FHA 2023-03-16 6.61%
    Austin 30 Year FHA Refi 2023-03-16 6.74%
    Austin 30 Year USDA 2023-03-16 6.18%
    Austin 30 Year VA 2023-03-16 6.33%
    Austin 30 Year VA Refi 2023-03-16 5.92%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Austin, MN.

    Austin 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 Austin, 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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 99 3.25% $3,852
    LAND HOME FINANCIAL SERVICES, INC. 65 3.10% $5,462
    Wells Fargo Bank 61 3.20% $2,979
    Home Federal Savings Bank 36 3.15% $3,640
    Bell Bank 35 2.86% $3,354
    U.S. Bank 23 3.13% $2,812
    QUICKEN LOANS, LLC 23 3.16% $3,660
    Bremer Bank 21 3.11% $4,142
    LOANDEPOT.COM, LLC 11 3.16% $4,276
    UNITED WHOLESALE MORTGAGE, LLC 11 3.01% $3,592
    COMPEER FINANCIAL, FLCA 9 3.86% $3,272
    ALTRA 7 3.21% $3,806
    Merchants Bank 7 3.17% $3,895
    FREEDOM MORTGAGE CORPORATION 7 2.86% $4,065
    First Federal Bank 7 2.93% $3,825
    GUARANTEED RATE, INC. 6 2.98% $3,081
    Think Mutual Bank 6 3.19% $4,655
    Hometown Lenders, Inc. 6 3.25% $4,094
    Servion, Inc. 5 3.15% $4,052
    Prosperity Home Mortgage, LLC 5 3.08% $3,803
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.32% $6,283
    BETTER MORTGAGE CORPORATION 4 2.84% $4,408
    PREMIA MORTGAGE, LLC 4 2.44% $2,630
    CALIBER HOME LOANS, INC. 4 3.06% $3,710
    Manufacturers Bank & Trust Company 4 2.97% $5,219
    Barrington Bank & Trust Company, N.A. 4 3.34% $5,037
    Flagstar Bank, FSB 4 3.13% $4,246
    PENNYMAC LOAN SERVICES, LLC 3 3.04% $5,623
    AMERISAVE MORTGAGE CORPORATION 3 2.71% $5,161
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.04% $3,013
    Tradition Mortgage, LLC 3 3.04% $2,449
    BAY EQUITY LLC 3 3.20% $3,794
    CRESCENT MORTGAGE COMPANY 3 3.00% $3,271
    GUARANTEED RATE AFFINITY, LLC 3 2.87% $3,274
    ROYAL UNITED MORTGAGE LLC 3 3.33% $5,208
    RESULTS MORTGAGE, LLC 2 3.13% $3,172
    Midwest Heritage Bank FSB 2 3.44% $2,879
    Associated Bank 2 3.31% $4,108
    TOWNE MORTGAGE COMPANY 2 3.38% $3,730
    CROSSCOUNTRY MORTGAGE, LLC 2 2.94% $4,306
    Citizens Community Federal 2 3.06% $2,299
    HOMESIDE FINANCIAL, LLC 2 3.19% $4,387
    Mr. Cooper ( Nationstar Mortgage ) 2 3.25% $5,554
    HomeTown Bank 2 2.69% $3,982
    ZILLOW HOME LOANS, LLC 1 2.88% $3,705
    American Bank of the North 1 2.63% $5,344
    AMERICAN FINANCING CORPORATION 1 3.13% $3,428
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 3.63% $3,521
    Arvest Bank 1 3.38% $3,473
    Bank of America 1 2.88% $4,778
    BMO Harris Bank 1 3.25% $3,590
    BROKER SOLUTIONS, INC. 1 2.88% $4,326
    Chicago Mortgage Solutions LLC 1 2.74% $1,512
    CHURCHILL MORTGAGE CORPORATION 1 3.13% $3,079
    Deere Employees Credit Union 1 1.88% $2,611
    EMBRACE HOME LOANS, INC. 1 2.88% $4,216
    Fidelity Bank 1 2.88% $1,939
    First Bank & Trust 1 3.13% $3,216
    First Guaranty Mortgage Corporation 1 2.88% $5,918
    HIWAY 1 2.88% $4,272
    HOME POINT FINANCIAL CORPORATION 1 3.75% $1,390
    InterContinental Capital Group, Inc 1 3.63% $5,135
    IOWA BANKERS MORTGAGE CORPORATION 1 3.38% $3,034
    KELLER MORTGAGE, LLC 1 3.88% $3,329
    MARINE 1 7.88% $7,598
    MAYO EMPLOYEES FEDERAL CREDIT UNION 1 3.25% $4,210
    Mortgage Research Center, LLC 1 2.99% $1,360
    Mortgages Unlimited Inc. 1 3.38% $6,820
    MOVEMENT MORTGAGE, LLC 1 3.19% $4,174
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.50% $8,089
    Nations Lending Corporation 1 2.75% $6,154
    NAVY FEDERAL CREDIT UNION 1 2.88% $2,078
    NEWREZ LLC 1 3.13% $3,365
    PENTAGON FEDERAL CREDIT UNION 1 3.00% $4,055
    PHH Mortgage Corporation 1 2.88% $4,075
    Plains Commerce Bank 1 3.00% $4,093
    PLAZA HOME MORTGAGE, INC. 1 2.99% $8,500
    Roundbank 1 3.00% $4,816
    RUOFF MORTGAGE COMPANY, INC. 1 3.38% $3,882
    Sierra Pacific Mortgage Company, Inc. 1 3.38% $2,792
    SPIRE Credit Union 1 3.50% $3,116
    The Federal Savings Bank 1 3.13% $3,293
    Waterstone Mortgage Corporation 1 3.63% $2,461
    Willamette Valley Bank 1 3.63% $4,587
    Alerus Financial 1 3.63% $3,466

    Austin Average Closing Costs & Other Stats

    Austin, MN's 85 lenders originated 1,437 loans during 2021. The total origination value was $241,135,000, with an average loan value of $167,804.

    Austin's average closing costs are $3,929.

    The top Austin lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 99 loans originated. Their average total fees are $3,852, which is $1,609 lower than the next largest lender, LAND HOME FINANCIAL SERVICES, INC..

    The lowest fee Austin lenders (with over 10 loans originated) are U.S. Bank ($2,812), Wells Fargo Bank ($2,979), Bell Bank ($3,354), UNITED WHOLESALE MORTGAGE, LLC ($3,592) and Home Federal Savings Bank ($3,640).

    The lowest rate Austin lenders (with over 10 loans originated) are Bell Bank (2.86%), UNITED WHOLESALE MORTGAGE, LLC (3.01%), LAND HOME FINANCIAL SERVICES, INC. (3.10%), Bremer Bank (3.11%) and U.S. Bank (3.13%).

    Austin, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $32,585,000 $32,990,000 1.2% 13.7%
    LAND HOME FINANCIAL SERVICES, INC. $17,095,000 $18,335,000 7.3% 7.6%
    Wells Fargo Bank $12,700,000 $18,005,000 41.8% 7.5%
    Merchants Bank $610,000 $16,235,000 2,561.5% 6.7%
    Home Federal Savings Bank $18,975,000 $15,120,000 -20.3% 6.3%
    QUICKEN LOANS, LLC $13,270,000 $13,290,000 0.2% 5.5%
    U.S. Bank $9,240,000 $10,830,000 17.2% 4.5%
    Bremer Bank $10,375,000 $8,985,000 -13.4% 3.7%
    Community Bank Mankato $8,210,000 n/a 3.4%
    Bell Bank $3,670,000 $7,855,000 114.0% 3.3%
    FREEDOM MORTGAGE CORPORATION $3,310,000 $6,795,000 105.3% 2.8%
    Citizens State Bank of La Crosse $5,865,000 n/a 2.4%
    COMPEER FINANCIAL, FLCA $4,205,000 $3,885,000 -7.6% 1.6%
    LOANDEPOT.COM, LLC $2,890,000 $3,875,000 34.1% 1.6%
    UNITED WHOLESALE MORTGAGE, LLC $3,380,000 $3,825,000 13.2% 1.6%
    Manufacturers Bank & Trust Company $2,805,000 $2,745,000 -2.1% 1.1%
    Think Mutual Bank $6,255,000 $2,610,000 -58.3% 1.1%
    ALTRA $1,975,000 $2,510,000 27.1% 1.0%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $640,000 $2,215,000 246.1% 0.9%
    Associated Bank $500,000 $1,960,000 292.0% 0.8%
    First Federal Bank $3,255,000 $1,860,000 -42.9% 0.8%
    Prosperity Home Mortgage, LLC $1,505,000 $1,800,000 19.6% 0.7%
    LAKEVIEW LOAN SERVICING, LLC $1,010,000 $1,790,000 77.2% 0.7%
    GUARANTEED RATE, INC. $2,435,000 $1,610,000 -33.9% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $630,000 $1,555,000 146.8% 0.6%
    Bridgewater Bank $1,475,000 n/a 0.6%
    CALIBER HOME LOANS, INC. $605,000 $1,475,000 143.8% 0.6%
    PENNYMAC LOAN SERVICES, LLC $895,000 $1,455,000 62.6% 0.6%
    RESULTS MORTGAGE, LLC $1,335,000 $1,430,000 7.1% 0.6%
    Mortgage Research Center, LLC $1,375,000 $1,345,000 -2.2% 0.6%
    Barrington Bank & Trust Company, N.A. $1,050,000 $1,315,000 25.2% 0.5%
    Flagstar Bank, FSB $640,000 $1,255,000 96.1% 0.5%
    AMERISAVE MORTGAGE CORPORATION $690,000 $1,215,000 76.1% 0.5%
    TOWNE MORTGAGE COMPANY $1,050,000 $1,135,000 8.1% 0.5%
    PREMIA MORTGAGE, LLC $650,000 $1,095,000 68.5% 0.5%
    Servion, Inc. $3,125,000 $1,055,000 -66.2% 0.4%
    HomeTown Bank $1,685,000 $1,040,000 -38.3% 0.4%
    BAY EQUITY LLC $1,030,000 n/a 0.4%
    BETTER MORTGAGE CORPORATION $940,000 n/a 0.4%
    PLAZA HOME MORTGAGE, INC. $415,000 $930,000 124.1% 0.4%
    HOMESIDE FINANCIAL, LLC $905,000 n/a 0.4%
    GUARANTEED RATE AFFINITY, LLC $465,000 $890,000 91.4% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $905,000 $800,000 -11.6% 0.3%
    NAVY FEDERAL CREDIT UNION $95,000 $785,000 726.3% 0.3%
    NEWREZ LLC $175,000 $755,000 331.4% 0.3%
    21ST MORTGAGE CORPORATION $390,000 $700,000 79.5% 0.3%
    IOWA BANKERS MORTGAGE CORPORATION $765,000 $700,000 -8.5% 0.3%
    Tradition Mortgage, LLC $415,000 $645,000 55.4% 0.3%
    VILLAGE CAPITAL & INVESTMENT LLC $145,000 $610,000 320.7% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $605,000 n/a 0.3%
    Hometown Lenders, Inc. $595,000 n/a 0.2%
    Foresight Bank $590,000 n/a 0.2%
    MARINE $125,000 $590,000 372.0% 0.2%
    PENTAGON FEDERAL CREDIT UNION $590,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $235,000 $565,000 140.4% 0.2%
    JPMorgan Chase Bank $1,045,000 $540,000 -48.3% 0.2%
    Midwest Heritage Bank FSB $265,000 $520,000 96.2% 0.2%
    USAA Federal Savings Bank $925,000 $500,000 -45.9% 0.2%
    HIWAY $145,000 $480,000 231.0% 0.2%
    HOME POINT FINANCIAL CORPORATION $165,000 $470,000 184.8% 0.2%
    MOVEMENT MORTGAGE, LLC $460,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $115,000 $435,000 278.3% 0.2%
    Bank of America $425,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $295,000 $420,000 42.4% 0.2%
    MAYO EMPLOYEES FEDERAL CREDIT UNION $565,000 $415,000 -26.5% 0.2%
    Mortgages Unlimited Inc. $165,000 $400,000 142.4% 0.2%
    The Federal Savings Bank $380,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $115,000 $370,000 221.7% 0.2%
    Roundbank $470,000 $355,000 -24.5% 0.1%
    NATIONS DIRECT MORTGAGE, LLC $345,000 n/a 0.1%
    Deere Employees Credit Union $1,120,000 $340,000 -69.6% 0.1%
    F & M Community Bank $350,000 $340,000 -2.9% 0.1%
    ZILLOW HOME LOANS, LLC $115,000 $325,000 182.6% 0.1%
    AFFINITY PLUS $520,000 $315,000 -39.4% 0.1%
    Hiawatha National Bank $305,000 n/a 0.1%
    American Mortgage & Equity Consultants, Inc. $285,000 n/a 0.1%
    FBC MORTGAGE, LLC $285,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $255,000 $280,000 9.8% 0.1%
    InterContinental Capital Group, Inc $280,000 n/a 0.1%
    CRESCENT MORTGAGE COMPANY $495,000 $275,000 -44.4% 0.1%
    HANCOCK MORTGAGE PARTNERS, LLC $275,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $375,000 $270,000 -28.0% 0.1%
    American Bank of the North $255,000 n/a 0.1%
    GUARANTY HOME MORTGAGE CORPORATION $255,000 n/a 0.1%
    THRIVENT Federal Credit Union $255,000 n/a 0.1%
    First Alliance Credit Union $585,000 $240,000 -59.0% 0.1%
    FIRST CENTENNIAL MORTGAGE CORPORATION $235,000 n/a 0.1%
    Kerndt Brothers Savings Bank $235,000 n/a 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $230,000 n/a 0.1%
    First Guaranty Mortgage Corporation $225,000 n/a 0.1%
    LOANPAL, LLC $215,000 n/a 0.1%
    MANN FINANCIAL INC. $215,000 n/a 0.1%
    SOVEREIGN LENDING GROUP INCORPORATED $205,000 n/a 0.1%
    Chicago Mortgage Solutions LLC $195,000 n/a 0.1%
    Gateway First Bank $195,000 n/a 0.1%
    WNB Financial, N.A. $195,000 n/a 0.1%
    AMERICAN INTERNET MORTGAGE, INC. $185,000 n/a 0.1%
    Citizens Community Federal $1,050,000 $170,000 -83.8% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $170,000 n/a 0.1%
    Lake Area Bank $165,000 n/a 0.1%
    PHH Mortgage Corporation $165,000 n/a 0.1%
    Waterstone Mortgage Corporation $515,000 $165,000 -68.0% 0.1%
    Alerus Financial $125,000 $155,000 24.0% 0.1%
    PARKSIDE LENDING, LLC $155,000 n/a 0.1%
    Plains Commerce Bank $885,000 $155,000 -82.5% 0.1%
    First Bank & Trust $3,405,000 $150,000 -95.6% 0.1%
    Choice Financial Group $145,000 n/a 0.1%
    Peoples State Bank of Plainview $145,000 n/a 0.1%
    SHAREPOINT CREDIT UNION $145,000 n/a 0.1%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $135,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $205,000 $135,000 -34.1% 0.1%
    FINANCE OF AMERICA REVERSE LLC $85,000 $135,000 58.8% 0.1%
    Nations Lending Corporation $135,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $135,000 n/a 0.1%
    SPIRE Credit Union $125,000 n/a 0.1%
    Willamette Valley Bank $125,000 n/a 0.1%
    KELLER MORTGAGE, LLC $115,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $115,000 n/a 0.0%
    Low VA Rates, LLC $115,000 n/a 0.0%
    NBKC BANK $75,000 $115,000 53.3% 0.0%
    Figure Lending LLC $15,000 $110,000 633.3% 0.0%
    BMO Harris Bank $105,000 n/a 0.0%
    OCEANSIDE MORTGAGE COMPANY $105,000 n/a 0.0%
    PLANET HOME LENDING, LLC $105,000 n/a 0.0%
    Sierra Pacific Mortgage Company, Inc. $95,000 $95,000 0.0% 0.0%
    AMERICAN ADVISORS GROUP $75,000 $85,000 13.3% 0.0%
    Discover Bank $85,000 n/a 0.0%
    Old National Bank $755,000 $85,000 -88.7% 0.0%
    Arvest Bank $65,000 $75,000 15.4% 0.0%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $75,000 n/a 0.0%
    Fidelity Bank $245,000 $55,000 -77.6% 0.0%
    FINANCE OF AMERICA MORTGAGE LLC $890,000 $55,000 -93.8% 0.0%
    Northwest Bank $335,000 $55,000 -83.6% 0.0%
    BANKWEST, INC. $45,000 n/a 0.0%
    WINGS FINANCIAL $240,000 $35,000 -85.4% 0.0%

    Austin's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 13.7% market share. In second place, with 7.6%, is LAND HOME FINANCIAL SERVICES, INC., having originated $18,335,000 in loans. In third place, with 7.5%, is Wells Fargo Bank, having originated $18,005,000 in loans. In fourth place, with 6.7%, is Merchants Bank, having originated $16,235,000 in loans. In fifth place, with 6.3%, is Home Federal Savings Bank, having originated $15,120,000 in loans.

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

    Realtor.com - Austin (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 $113,375 (23.6%) $133,635 (12.5%) 0.00 78
    2018-02-01 $119,900 (33.9%) $131,742 (12.5%) 0.00 63
    2018-03-01 $119,900 (33.4%) $137,425 (10.5%) 0.00 73
    2018-04-01 $144,800 (52.4%) $171,809 (36.3%) 0.00 79
    2018-05-01 $149,225 (42.8%) $180,422 (38.2%) 0.00 88
    2018-06-01 $142,825 (35.8%) $174,242 (32.2%) 0.00 94
    2018-07-01 $149,925 (50.1%) $185,988 (42.3%) 0.00 96
    2018-08-01 $148,550 (30.9%) $180,334 (32.0%) 0.00 113
    2018-09-01 $146,900 (36.1%) $181,626 (30.4%) 0.00 124
    2018-10-01 $137,550 (21.2%) $184,994 (29.8%) 0.00 116
    2018-11-01 $137,425 (25.8%) $179,394 (30.7%) 0.00 125
    2018-12-01 $129,900 (19.2%) $164,802 (21.4%) 0.00 118
    2019-01-01 $117,000 (3.2%) $161,803 (21.1%) 0.00 100
    2019-02-01 $112,200 (-6.4%) $151,820 (15.2%) 0.00 81
    2019-03-01 $129,671 (8.2%) $165,087 (20.1%) 0.00 89
    2019-04-01 $147,371 (1.8%) $181,249 (5.5%) 0.00 99
    2019-05-01 $138,975 (-6.9%) $175,092 (-3.0%) 0.00 126
    2019-06-01 $149,000 (4.3%) $187,176 (7.4%) 0.00 119
    2019-07-01 $153,950 (2.7%) $184,668 (-0.7%) 0.00 134
    2019-08-01 $157,736 (6.2%) $186,608 (3.5%) 0.00 136
    2019-09-01 $160,416 (9.2%) $190,073 (4.7%) 0.00 134
    2019-10-01 $158,402 (15.2%) $191,038 (3.3%) 0.00 133
    2019-11-01 $177,000 (28.8%) $195,333 (8.9%) 0.00 129
    2019-12-01 $179,900 (38.5%) $200,126 (21.4%) 0.00 113
    2020-01-01 $184,925 (58.1%) $200,355 (23.8%) 0.00 96
    2020-02-01 $179,900 (60.3%) $194,646 (28.2%) 0.00 86
    2020-03-01 $161,225 (24.3%) $186,576 (13.0%) 0.00 97
    2020-04-01 $145,550 (-1.2%) $187,566 (3.5%) 0.00 94
    2020-05-01 $159,450 (14.7%) $197,763 (13.0%) 0.00 86
    2020-06-01 $175,825 (18.0%) $211,636 (13.1%) 0.00 85
    2020-07-01 $153,075 (-0.6%) $201,013 (8.9%) 0.00 87
    2020-08-01 $149,900 (-5.0%) $195,528 (4.8%) 0.00 88
    2020-09-01 $148,150 (-7.7%) $189,112 (-0.5%) 0.00 88
    2020-10-01 $145,000 (-8.5%) $176,463 (-7.6%) 0.00 81
    2020-11-01 $127,400 (-28.0%) $162,763 (-16.7%) 0.00 76
    2020-12-01 $126,450 (-29.7%) $165,290 (-17.4%) 0.00 68
    2021-01-01 $124,900 (-32.5%) $168,188 (-16.1%) 0.00 46
    2021-02-01 $132,400 (-26.4%) $182,883 (-6.0%) 0.00 40
    2021-03-01 $141,400 (-12.3%) $206,782 (10.8%) 0.00 40
    2021-04-01 $149,950 (3.0%) $216,408 (15.4%) 0.00 47
    2021-05-01 $144,950 (-9.1%) $209,522 (6.0%) 0.00 53
    2021-06-01 $139,225 (-20.8%) $204,424 (-3.4%) 0.00 48
    2021-07-01 $139,900 (-8.6%) $182,714 (-9.1%) 0.00 61
    2021-08-01 $139,900 (-6.7%) $196,160 (0.3%) 0.00 55
    2021-09-01 $142,425 (-3.9%) $191,142 (1.1%) 0.00 67
    2021-10-01 $144,000 (-0.7%) $180,458 (2.3%) 0.00 68
    2021-11-01 $148,450 (16.5%) $184,019 (13.1%) 0.00 64
    2021-12-01 $137,400 (8.7%) $168,462 (1.9%) 0.00 50
    2022-01-01 $139,900 (12.0%) $177,241 (5.4%) 0.00 36
    2022-02-01 $136,200 (2.9%) $161,088 (-11.9%) 0.00 37
    2022-03-01 $144,400 (2.1%) $172,334 (-16.7%) 0.00 27
    2022-04-01 $177,450 (18.3%) $205,421 (-5.1%) 0.00 24
    2022-05-01 $181,125 (25.0%) $218,828 (4.4%) 0.00 33
    2022-06-01 $191,600 (37.6%) $238,096 (16.5%) 0.00 47
    2022-07-01 $179,900 (28.6%) $208,043 (13.9%) 0.00 58
    2022-08-01 $202,700 (44.9%) $229,950 (17.2%) 0.00 60
    2022-09-01 $204,450 (43.6%) $236,654 (23.8%) 0.00 65
    2022-10-01 $200,000 (38.9%) $244,544 (35.5%) 0.00 71
    2022-11-01 $185,575 (25.0%) $235,747 (28.1%) 0.00 78
    2022-12-01 $179,900 (30.9%) $231,665 (37.5%) 0.00 62
    2023-01-01 $185,700 (32.7%) $238,108 (34.3%) 0.00 55
    2023-02-01 $186,500 (36.9%) $243,238 (51.0%) 0.00 49
    Austin's median listing price for 2023-02-01 was $186,500, a difference of $50,300 (36.9%) versus the prior year and $800 versus the prior month.

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

    Austin's average listing price for 2023-02-01 was $243,238, a difference of $82,150 (51.0%) versus the prior year and $5,130 versus the prior month.

    For the 2023-02-01 period, Austin had 49 MLS listings, a difference of -6 listings (-11%) versus the prior month and 12 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Austin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,112 sqft
    2018-02-01 0 days 2,154 sqft
    2018-03-01 0 days 2,184 sqft
    2018-04-01 0 days 2,350 sqft
    2018-05-01 0 days 2,342 sqft
    2018-06-01 0 days 2,186 sqft
    2018-07-01 0 days 2,338 sqft
    2018-08-01 0 days 2,294 sqft
    2018-09-01 0 days 2,320 sqft
    2018-10-01 0 days 2,277 sqft
    2018-11-01 0 days 2,326 sqft
    2018-12-01 0 days 2,128 sqft
    2019-01-01 0 days 1,428 sqft
    2019-02-01 0 days 1,374 sqft
    2019-03-01 0 days 1,509 sqft
    2019-04-01 0 days 1,618 sqft
    2019-05-01 0 days 1,645 sqft
    2019-06-01 0 days 1,682 sqft
    2019-07-01 0 days 1,813 sqft
    2019-08-01 0 days 1,861 sqft
    2019-09-01 0 days 1,892 sqft
    2019-10-01 0 days 1,908 sqft
    2019-11-01 0 days 1,911 sqft
    2019-12-01 0 days 2,005 sqft
    2020-01-01 0 days 2,085 sqft
    2020-02-01 0 days 1,945 sqft
    2020-03-01 0 days 1,759 sqft
    2020-04-01 0 days 1,712 sqft
    2020-05-01 0 days 1,780 sqft
    2020-06-01 0 days 1,885 sqft
    2020-07-01 0 days 1,820 sqft
    2020-08-01 0 days 1,835 sqft
    2020-09-01 0 days 1,876 sqft
    2020-10-01 0 days 1,593 sqft
    2020-11-01 0 days 1,579 sqft
    2020-12-01 0 days 1,527 sqft
    2021-01-01 0 days 1,487 sqft
    2021-02-01 0 days 1,521 sqft
    2021-03-01 0 days 1,465 sqft
    2021-04-01 0 days 1,590 sqft
    2021-05-01 0 days 1,509 sqft
    2021-06-01 0 days 1,510 sqft
    2021-07-01 0 days 1,495 sqft
    2021-08-01 0 days 1,501 sqft
    2021-09-01 0 days 1,515 sqft
    2021-10-01 0 days 1,527 sqft
    2021-11-01 0 days 1,599 sqft
    2021-12-01 0 days 1,456 sqft
    2022-01-01 0 days 1,444 sqft
    2022-02-01 0 days 1,850 sqft
    2022-03-01 0 days 1,878 sqft
    2022-04-01 0 days 2,135 sqft
    2022-05-01 0 days 1,497 sqft
    2022-06-01 0 days 1,899 sqft
    2022-07-01 0 days 1,713 sqft
    2022-08-01 0 days 1,768 sqft
    2022-09-01 0 days 1,866 sqft
    2022-10-01 0 days 1,884 sqft
    2022-11-01 0 days 1,870 sqft
    2022-12-01 0 days 1,712 sqft
    2023-01-01 0 days 1,811 sqft
    2023-02-01 0 days 1,825 sqft
    Austin's median listing age (time on market) for 2023-02-01 was 0 days.

    Austin's median square footage for active listings during the 2023-02-01 period was 1,825 sqft. One year prior, the average listing was 1,850 sqft.

    Austin, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 664 $123,200,000 $185,542
    Refi 458 $73,360,000 $160,175
    Cash Out Refi 270 $40,100,000 $148,519
    Home Improvement 27 $2,735,000 $101,296
    Other 18 $1,740,000 $96,667

    Austin's most frequently cited loan purpose was Home Purchase, with 664 originations. The 2nd most popular reason was Refi, with 458 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 545 $87,225,000 $160,046
    3-4% 508 $98,200,000 $193,307
    <2.5% 271 $37,445,000 $138,173
    4-5% 49 $5,075,000 $103,571
    Over 8% 10 $560,000 $56,000
    7-8% 7 $705,000 $100,714
    5-6% 5 $205,000 $41,000
    6-7% 3 $95,000 $31,667

    During 2021, Austin's most frequently originated rate bucket was 2.5-3%, with 545 originations.

    Loan Sizing (Austin, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 644 $90,700,000 $140,839
    $100,000 or less 472 $30,460,000 $64,534
    $200k-400k 284 $74,470,000 $262,218
    $400k-600k 30 $14,030,000 $467,667
    $Over $1MM 7 $31,475,000 $4,496,429

    Austin's loan sizing saw the bucket of loans from $100k-200k with 644 originations, totaling $90,700,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 577 $105,365,000 $182,608
    60-80% 483 $87,165,000 $180,466
    40-60% 172 $22,420,000 $130,349
    Under 20% 86 $1,700,000 $19,767
    20-40% 57 $4,625,000 $81,140
    Over 100% 8 $2,140,000 $267,500

    Austin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 577 originations, totaling $105,365,000 in origination value.