Batavia 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 Batavia averaged 6.86% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.74% and one month ago for the week of 2024-03-14, the average rate was 6.7%.

    Batavia's average rate one year ago was 6.03%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.6%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Batavia 30 Year Fixed Rate 2024-04-18 6.86%
    Batavia 30 Year Fixed Rate Refi 2024-04-18 7.6%
    Batavia 15 Year Fixed Rate 2024-04-18 6.59%
    Batavia 15 Year Fixed Rate Refi 2024-04-18 6.39%
    Batavia 30 Year FHA 2024-04-18 7.05%
    Batavia 30 Year FHA Refi 2024-04-18 6.86%
    Batavia 30 Year USDA 2024-04-18 6.76%
    Batavia 30 Year USDA Refi 2024-04-18 6.96%
    Batavia 30 Year VA 2024-04-18 6.66%
    Batavia 30 Year VA Refi 2024-04-18 6.66%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Batavia, NY.

    Batavia 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 Batavia, NY 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
    Premium Mortgage Corporation 69 6.79% $3,755
    M&T Bank 24 6.77% $4,215
    QUICKEN LOANS, LLC 20 7.13% $5,735
    Five Star Bank 18 6.42% $3,703
    Genesee Regional Bank 16 7.05% $4,643
    UNITED WHOLESALE MORTGAGE, LLC 14 7.04% $7,425
    Tompkins Trust Company 14 6.43% $3,464
    KeyBank 12 6.45% $3,793
    1ST PRIORITY MORTGAGE, INC. 10 6.49% $4,412
    ESL Federal Credit Union 9 6.69% $3,576
    HUNT MORTGAGE CORPORATION 9 6.71% $5,225
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.75% $5,516
    MOVEMENT MORTGAGE, LLC 6 6.51% $5,016
    CROSSCOUNTRY MORTGAGE, LLC 6 6.48% $5,954
    Farm Credit East, ACA 5 7.51% $9,449
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.70% $5,324
    Community Bank 5 7.25% $877
    Bank of America 4 6.72% $2,917
    Evans Bank 3 6.54% $3,379
    FAMILY FIRST OF NY 2 6.88% $3,443
    HOMESTEAD FUNDING CORP. 2 6.94% $3,565
    JPMorgan Chase Bank 2 7.00% $5,079
    NEWREZ LLC 2 6.68% $5,152
    ROYAL UNITED MORTGAGE LLC 2 7.44% $6,952
    NAVY FEDERAL CREDIT UNION 1 7.88% $5,317
    NETWORK CAPITAL FUNDING CORPORATION 1 7.63% $5,953
    Citizens Bank 1 7.38% $3,919
    North American Savings Bank, F.S.B. 1 6.88% $4,670
    Northwest Bank 1 6.38% $2,368
    ONTARIO SHORES 1 6.38% $2,355
    Paramount Bank 1 7.13% $4,325
    PENNYMAC LOAN SERVICES, LLC 1 6.99% $4,178
    PHH Mortgage Corporation 1 7.63% $5,429
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.88% $6,190
    HOME TOWN FUNDING, INC. 1 7.25% $2,872
    EVERETT FINANCIAL, INC. 1 8.13% $6,728
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $5,594
    USAA Federal Savings Bank 1 6.88% $4,970
    SEFCU SERVICES, LLC 1 7.00% $4,067
    The Lyons National Bank 1 5.25% $2,022
    Empower Federal Credit Union 1 5.88% $6,330
    Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $5,063
    Moog Employees Federal Credit Union 1 6.80% $4,105

    Batavia Average Closing Costs & Other Stats

    Batavia, NY's 43 lenders originated 919 loans during 2023. The total origination value was $140,125,000, with an average loan value of $152,476.

    Batavia's average closing costs are $4,466.

    The top Batavia lender as defined by loan originations is Premium Mortgage Corporation, with 69 loans originated. Their average total fees are $3,755, which is $459 lower than the next largest lender, M&T Bank.

    The lowest fee Batavia lenders (with over 10 loans originated) are Tompkins Trust Company ($3,464), Five Star Bank ($3,703), Premium Mortgage Corporation ($3,755), KeyBank ($3,793) and M&T Bank ($4,215).

    The lowest rate Batavia lenders (with over 10 loans originated) are Five Star Bank (6.42%), Tompkins Trust Company (6.43%), KeyBank (6.45%), 1ST PRIORITY MORTGAGE, INC. (6.49%) and M&T Bank (6.77%).

    Batavia, NY 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
    Premium Mortgage Corporation $26,045,000 $18,575,000 -28.7% 13.3%
    Tompkins Trust Company $5,885,000 $12,670,000 115.3% 9.0%
    ESL Federal Credit Union $15,910,000 $12,110,000 -23.9% 8.6%
    Five Star Bank $5,735,000 $11,170,000 94.8% 8.0%
    M&T Bank $10,915,000 $9,625,000 -11.8% 6.9%
    M&T Realty Capital Corporation $9,585,000 n/a 6.8%
    QUICKEN LOANS, LLC $12,140,000 $7,435,000 -38.8% 5.3%
    Truist $75,000 $5,135,000 6,746.7% 3.7%
    UNITED WHOLESALE MORTGAGE, LLC $2,810,000 $5,055,000 79.9% 3.6%
    Genesee Regional Bank $4,475,000 $2,885,000 -35.5% 2.1%
    KeyBank $7,945,000 $2,755,000 -65.3% 2.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $5,330,000 $2,755,000 -48.3% 2.0%
    1ST PRIORITY MORTGAGE, INC. $5,595,000 $2,740,000 -51.0% 2.0%
    CROSSCOUNTRY MORTGAGE, LLC $1,305,000 $2,110,000 61.7% 1.5%
    Farm Credit East, ACA $1,575,000 $1,980,000 25.7% 1.4%
    Alden State Bank $5,405,000 $1,895,000 -64.9% 1.4%
    HUNT MORTGAGE CORPORATION $5,175,000 $1,730,000 -66.6% 1.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,705,000 $1,630,000 -4.4% 1.2%
    Northwest Bank $1,390,000 $1,565,000 12.6% 1.1%
    HOME TOWN FUNDING, INC. $2,915,000 $1,495,000 -48.7% 1.1%
    Bank of America $2,110,000 $1,430,000 -32.2% 1.0%
    MOVEMENT MORTGAGE, LLC $2,825,000 $1,345,000 -52.4% 1.0%
    Mortgage Research Center, LLC $1,740,000 $1,275,000 -26.7% 0.9%
    Citizens Bank $1,895,000 $1,150,000 -39.3% 0.8%
    Community Bank $580,000 $1,085,000 87.1% 0.8%
    HOMESTEAD FUNDING CORP. $1,540,000 $900,000 -41.6% 0.6%
    USAA Federal Savings Bank $440,000 $875,000 98.9% 0.6%
    CNB Bank $1,535,000 $835,000 -45.6% 0.6%
    PENNYMAC LOAN SERVICES, LLC $115,000 $815,000 608.7% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $1,625,000 $770,000 -52.6% 0.5%
    The Canandaigua National Bank and Trust Company $6,860,000 $735,000 -89.3% 0.5%
    NEWREZ LLC $675,000 n/a 0.5%
    THE SUMMIT Federal Credit Union $895,000 $665,000 -25.7% 0.5%
    Evans Bank $805,000 $620,000 -23.0% 0.4%
    EVERETT FINANCIAL, INC. $3,130,000 $610,000 -80.5% 0.4%
    FAMILY FIRST OF NY $685,000 $605,000 -11.7% 0.4%
    Lake Shore Savings Bank $595,000 $590,000 -0.8% 0.4%
    Discover Bank $570,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $455,000 $560,000 23.1% 0.4%
    ONTARIO SHORES $35,000 $465,000 1,228.6% 0.3%
    RELIANCE FIRST CAPITAL, LLC $415,000 $465,000 12.0% 0.3%
    PLAZA HOME MORTGAGE, INC. $855,000 $455,000 -46.8% 0.3%
    NAVY FEDERAL CREDIT UNION $1,290,000 $435,000 -66.3% 0.3%
    Moog Employees Federal Credit Union $410,000 n/a 0.3%
    ROYAL UNITED MORTGAGE LLC $545,000 $400,000 -26.6% 0.3%
    The Lyons National Bank $1,335,000 $395,000 -70.4% 0.3%
    Bethpage Federal Credit Union $385,000 n/a 0.3%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $360,000 n/a 0.3%
    CMG MORTGAGE, INC. $325,000 n/a 0.2%
    GENESEE VALLEY $170,000 $300,000 76.5% 0.2%
    21ST MORTGAGE CORPORATION $605,000 $295,000 -51.2% 0.2%
    Wells Fargo Bank $1,315,000 $230,000 -82.5% 0.2%
    Bank of Holland $440,000 $225,000 -48.9% 0.2%
    JPMorgan Chase Bank $710,000 $220,000 -69.0% 0.2%
    Barrington Bank & Trust Company, N.A. $500,000 $215,000 -57.0% 0.2%
    Cornerstone Community Federal Credit Union $105,000 $210,000 100.0% 0.1%
    Empower Federal Credit Union $35,000 $210,000 500.0% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $130,000 $200,000 53.8% 0.1%
    US MORTGAGE CORPORATION $195,000 n/a 0.1%
    Advantage Federal Credit Union $590,000 $190,000 -67.8% 0.1%
    Flagstar Bank, FSB $495,000 $175,000 -64.6% 0.1%
    LONGBRIDGE FINANCIAL, LLC $175,000 n/a 0.1%
    SEFCU SERVICES, LLC $140,000 $155,000 10.7% 0.1%
    CORNING $150,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $45,000 $150,000 233.3% 0.1%
    The Upstate National Bank $145,000 n/a 0.1%
    Western Division FCU $510,000 $145,000 -71.6% 0.1%
    First Federal Bank $265,000 $135,000 -49.1% 0.1%
    NETWORK CAPITAL FUNDING CORPORATION $125,000 n/a 0.1%
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. $115,000 n/a 0.1%
    PHH Mortgage Corporation $115,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $105,000 n/a 0.1%
    North American Savings Bank, F.S.B. $105,000 n/a 0.1%
    Paramount Bank $105,000 n/a 0.1%
    Brighton Bank $95,000 n/a 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $795,000 $95,000 -88.1% 0.1%
    NBT Bank $85,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.0%
    U.S. Bank $115,000 $55,000 -52.2% 0.0%
    STATE EMPLOYEES FEDERAL CREDIT UNION $155,000 $35,000 -77.4% 0.0%
    Northwest Federal Credit Union $25,000 n/a 0.0%
    PENTAGON FEDERAL CREDIT UNION $160,000 $25,000 -84.4% 0.0%

    Batavia's top lender by overall market share is Premium Mortgage Corporation, with 13.3% market share. In second place, with 9.0%, is Tompkins Trust Company, having originated $12,670,000 in loans. In third place, with 8.6%, is ESL Federal Credit Union, having originated $12,110,000 in loans. In fourth place, with 8.0%, is Five Star Bank, having originated $11,170,000 in loans. In fifth place, with 6.9%, is M&T Bank, having originated $9,625,000 in loans.

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

    Realtor.com - Batavia (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 $102,425 (-5.8%) $122,233 (-8.5%) 0.00 119
    2018-02-01 $101,450 (-9.7%) $124,056 (-7.5%) 0.00 105
    2018-03-01 $110,950 (-2.4%) $132,042 (-3.8%) 0.00 88
    2018-04-01 $113,675 (3.3%) $131,989 (-2.4%) 0.00 88
    2018-05-01 $116,175 (-6.6%) $135,943 (-2.2%) 0.00 94
    2018-06-01 $114,900 (-8.4%) $138,754 (-4.7%) 0.00 106
    2018-07-01 $114,900 (-8.0%) $139,508 (-7.4%) 0.00 121
    2018-08-01 $119,000 (-0.8%) $144,011 (0.0%) 0.00 137
    2018-09-01 $119,900 (4.4%) $148,054 (4.3%) 0.00 127
    2018-10-01 $113,900 (-0.9%) $141,416 (2.6%) 0.00 110
    2018-11-01 $102,450 (-10.8%) $140,188 (3.1%) 0.00 94
    2018-12-01 $102,500 (-10.8%) $140,960 (4.5%) 0.00 74
    2019-01-01 $97,225 (-5.1%) $135,698 (11.0%) 0.00 74
    2019-02-01 $98,225 (-3.2%) $127,905 (3.1%) 0.00 79
    2019-03-01 $103,171 (-7.0%) $137,004 (3.8%) 0.00 73
    2019-04-01 $113,650 (0.0%) $149,072 (12.9%) 0.00 65
    2019-05-01 $141,725 (22.0%) $164,156 (20.8%) 0.00 72
    2019-06-01 $154,900 (34.8%) $186,613 (34.5%) 0.00 67
    2019-07-01 $167,400 (45.7%) $210,172 (50.7%) 0.00 71
    2019-08-01 $162,627 (36.7%) $199,858 (38.8%) 0.00 88
    2019-09-01 $166,718 (39.1%) $198,281 (33.9%) 0.00 96
    2019-10-01 $169,445 (48.8%) $196,267 (38.8%) 0.00 102
    2019-11-01 $153,450 (49.8%) $191,813 (36.8%) 0.00 89
    2019-12-01 $142,950 (39.5%) $177,219 (25.7%) 0.00 74
    2020-01-01 $149,150 (53.4%) $182,930 (34.8%) 0.00 69
    2020-02-01 $139,900 (42.4%) $183,007 (43.1%) 0.00 66
    2020-03-01 $149,900 (45.3%) $198,431 (44.8%) 0.00 55
    2020-04-01 $149,900 (31.9%) $204,160 (37.0%) 0.00 49
    2020-05-01 $149,900 (5.8%) $209,324 (27.5%) 0.00 45
    2020-06-01 $162,200 (4.7%) $204,630 (9.7%) 0.00 55
    2020-07-01 $185,975 (11.1%) $217,130 (3.3%) 0.00 52
    2020-08-01 $179,950 (10.7%) $211,078 (5.6%) 0.00 57
    2020-09-01 $154,900 (-7.1%) $186,409 (-6.0%) 0.00 63
    2020-10-01 $149,900 (-11.5%) $186,557 (-5.0%) 0.00 68
    2020-11-01 $153,675 (0.2%) $192,455 (0.3%) 0.00 52
    2020-12-01 $142,725 (-0.2%) $180,909 (2.1%) 0.00 38
    2021-01-01 $142,000 (-4.8%) $169,597 (-7.3%) 0.00 30
    2021-02-01 $147,450 (5.4%) $185,210 (1.2%) 0.00 33
    2021-03-01 $143,650 (-4.2%) $192,128 (-3.2%) 0.00 33
    2021-04-01 $146,175 (-2.5%) $173,083 (-15.2%) 0.00 25
    2021-05-01 $174,900 (16.7%) $207,904 (-0.7%) 0.00 33
    2021-06-01 $177,450 (9.4%) $219,168 (7.1%) 0.00 51
    2021-07-01 $179,900 (-3.3%) $225,733 (4.0%) 0.00 57
    2021-08-01 $179,800 (-0.1%) $228,290 (8.2%) 0.00 64
    2021-09-01 $169,900 (9.7%) $216,685 (16.2%) 0.00 58
    2021-10-01 $171,999 (14.7%) $237,978 (27.6%) 0.00 57
    2021-11-01 $179,700 (16.9%) $229,255 (19.1%) 0.00 46
    2021-12-01 $186,225 (30.5%) $256,879 (42.0%) 0.00 31
    2022-01-01 $179,900 (26.7%) $253,337 (49.4%) 0.00 26
    2022-02-01 $172,450 (17.0%) $241,658 (30.5%) 0.00 28
    2022-03-01 $171,200 (19.2%) $250,402 (30.3%) 0.00 26
    2022-04-01 $174,900 (19.7%) $229,562 (32.6%) 0.00 26
    2022-05-01 $173,650 (-0.7%) $225,975 (8.7%) 0.00 37
    2022-06-01 $193,425 (9.0%) $256,746 (17.2%) 0.00 43
    2022-07-01 $199,900 (11.1%) $264,329 (17.1%) 0.00 54
    2022-08-01 $174,675 (-2.9%) $240,580 (5.4%) 0.00 56
    2022-09-01 $183,675 (8.1%) $233,581 (7.8%) 0.00 62
    2022-10-01 $174,900 (1.7%) $222,266 (-6.6%) 0.00 59
    2022-11-01 $182,175 (1.4%) $226,922 (-1.0%) 0.00 48
    2022-12-01 $174,950 (-6.1%) $199,244 (-22.4%) 0.00 34
    2023-01-01 $177,400 (-1.4%) $201,208 (-20.6%) 0.00 28
    2023-02-01 $135,125 (-21.6%) $186,443 (-22.9%) 0.00 23
    2023-03-01 $157,450 (-8.0%) $215,522 (-13.9%) 0.00 29
    2023-04-01 $199,900 (14.3%) $234,107 (2.0%) 0.00 21
    2023-05-01 $186,725 (7.5%) $233,973 (3.5%) 0.00 30
    2023-06-01 $176,150 (-8.9%) $241,389 (-6.0%) 0.00 41
    2023-07-01 $224,500 (12.3%) $280,404 (6.1%) 0.00 43
    2023-08-01 $204,900 (17.3%) $266,809 (10.9%) 0.00 49
    2023-09-01 $199,900 (8.8%) $256,362 (9.8%) 0.00 51
    2023-10-01 $194,925 (11.5%) $249,296 (12.2%) 0.00 50
    2023-11-01 $179,450 (-1.5%) $218,875 (-3.6%) 0.00 43
    2023-12-01 $192,500 (10.0%) $295,214 (48.2%) 0.00 34
    2024-01-01 $211,175 (19.0%) $330,944 (64.5%) 0.00 41
    2024-02-01 $213,225 (57.8%) $352,684 (89.2%) 0.00 36
    2024-03-01 $239,900 (52.4%) $344,465 (59.8%) 0.00 37
    Batavia's median listing price for 2024-03-01 was $239,900, a difference of $82,450 (52.4%) versus the prior year and $26,675 versus the prior month.

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

    Batavia's average listing price for 2024-03-01 was $344,465, a difference of $128,943 (59.8%) versus the prior year and $-8,219 versus the prior month.

    For the 2024-03-01 period, Batavia had 37 MLS listings, a difference of 1 listings (3%) versus the prior month and 8 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Batavia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,530 sqft
    2018-02-01 0 days 1,492 sqft
    2018-03-01 0 days 1,466 sqft
    2018-04-01 0 days 1,455 sqft
    2018-05-01 0 days 1,520 sqft
    2018-06-01 0 days 1,553 sqft
    2018-07-01 0 days 1,536 sqft
    2018-08-01 0 days 1,626 sqft
    2018-09-01 0 days 1,700 sqft
    2018-10-01 0 days 1,609 sqft
    2018-11-01 0 days 1,568 sqft
    2018-12-01 0 days 1,551 sqft
    2019-01-01 0 days 1,542 sqft
    2019-02-01 0 days 1,524 sqft
    2019-03-01 0 days 1,521 sqft
    2019-04-01 0 days 1,544 sqft
    2019-05-01 0 days 1,654 sqft
    2019-06-01 0 days 1,719 sqft
    2019-07-01 0 days 1,745 sqft
    2019-08-01 0 days 1,720 sqft
    2019-09-01 0 days 1,725 sqft
    2019-10-01 0 days 1,727 sqft
    2019-11-01 0 days 1,682 sqft
    2019-12-01 0 days 1,673 sqft
    2020-01-01 0 days 1,671 sqft
    2020-02-01 0 days 1,673 sqft
    2020-03-01 0 days 1,756 sqft
    2020-04-01 0 days 1,718 sqft
    2020-05-01 0 days 1,688 sqft
    2020-06-01 0 days 1,688 sqft
    2020-07-01 0 days 1,650 sqft
    2020-08-01 0 days 1,709 sqft
    2020-09-01 0 days 1,657 sqft
    2020-10-01 0 days 1,568 sqft
    2020-11-01 0 days 1,617 sqft
    2020-12-01 0 days 1,534 sqft
    2021-01-01 0 days 1,496 sqft
    2021-02-01 0 days 1,623 sqft
    2021-03-01 0 days 1,556 sqft
    2021-04-01 0 days 1,440 sqft
    2021-05-01 0 days 1,660 sqft
    2021-06-01 0 days 1,556 sqft
    2021-07-01 0 days 1,740 sqft
    2021-08-01 0 days 1,547 sqft
    2021-09-01 0 days 1,611 sqft
    2021-10-01 0 days 1,716 sqft
    2021-11-01 0 days 1,726 sqft
    2021-12-01 0 days 1,691 sqft
    2022-01-01 0 days 1,648 sqft
    2022-02-01 0 days 1,605 sqft
    2022-03-01 0 days 1,660 sqft
    2022-04-01 0 days 1,664 sqft
    2022-05-01 0 days 1,593 sqft
    2022-06-01 0 days 1,675 sqft
    2022-07-01 0 days 1,602 sqft
    2022-08-01 0 days 1,583 sqft
    2022-09-01 0 days 1,532 sqft
    2022-10-01 0 days 1,596 sqft
    2022-11-01 0 days 1,653 sqft
    2022-12-01 0 days 1,607 sqft
    2023-01-01 0 days 1,520 sqft
    2023-02-01 0 days 1,388 sqft
    2023-03-01 0 days 1,506 sqft
    2023-04-01 0 days 1,605 sqft
    2023-05-01 0 days 1,510 sqft
    2023-06-01 0 days 1,563 sqft
    2023-07-01 0 days 1,807 sqft
    2023-08-01 0 days 1,608 sqft
    2023-09-01 0 days 1,592 sqft
    2023-10-01 0 days 1,558 sqft
    2023-11-01 0 days 1,499 sqft
    2023-12-01 0 days 1,620 sqft
    2024-01-01 0 days 1,710 sqft
    2024-02-01 0 days 1,690 sqft
    2024-03-01 0 days 1,690 sqft
    Batavia's median listing age (time on market) for 2024-03-01 was 0 days.

    Batavia's median square footage for active listings during the 2024-03-01 period was 1,690 sqft. One year prior, the average listing was 1,506 sqft.

    Batavia, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 416 $91,700,000 $220,433
    Home Improvement 177 $10,895,000 $61,554
    Other 135 $9,635,000 $71,370
    Refi 113 $16,075,000 $142,257
    Cash Out Refi 78 $11,820,000 $151,538

    Batavia's most frequently cited loan purpose was Home Purchase, with 416 originations. The 2nd most popular reason was Home Improvement, with 177 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 333 $51,425,000 $154,429
    7-8% 200 $34,090,000 $170,450
    Over 8% 138 $13,670,000 $99,058
    4-5% 95 $6,095,000 $64,158
    5-6% 69 $17,035,000 $246,884
    3-4% 43 $4,655,000 $108,256
    <2.5% 3 $295,000 $98,333

    During 2023, Batavia's most frequently originated rate bucket was 6-7%, with 333 originations.

    Loan Sizing (Batavia, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 390 $21,270,000 $54,538
    $100k-200k 368 $52,940,000 $143,859
    $200k-400k 148 $39,070,000 $263,986
    $400k-600k 8 $3,950,000 $493,750
    $Over $1MM 4 $22,130,000 $5,532,500
    $600k-1000k 1 $765,000 $765,000

    Batavia's loan sizing saw the bucket of loans from $100,000 or less with 390 originations, totaling $21,270,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 325 $60,565,000 $186,354
    20-40% 174 $14,470,000 $83,161
    60-80% 165 $26,565,000 $161,000
    Under 20% 110 $3,440,000 $31,273
    40-60% 95 $19,595,000 $206,263
    Over 100% 11 $2,275,000 $206,818

    Batavia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 325 originations, totaling $60,565,000 in origination value.