BISMARCK Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Bismarck averaged 6.58% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 6.57% and one month ago for the week of 2023-08-17, the average rate was 6.38%.

Bismarck's average rate one year ago was 5.61%.

For refis of the same type during the week of 2023-09-21, the average rate was 5.68%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Bismarck 30 Year Fixed Rate 2023-09-21 6.58%
Bismarck 30 Year Fixed Rate Refi 2023-09-21 5.68%
Bismarck 15 Year Fixed Rate 2023-09-21 6.19%
Bismarck 15 Year Fixed Rate Refi 2023-09-21 5.78%
Bismarck 30 Year FHA 2023-09-21 6.04%
Bismarck 30 Year FHA Refi 2023-09-21 7.04%
Bismarck 30 Year USDA 2023-09-21 7.22%
Bismarck 30 Year USDA Refi 2023-09-21 7.12%
Bismarck 30 Year VA 2023-09-21 6.35%
Bismarck 30 Year VA Refi 2023-09-21 6.72%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within BISMARCK, ND.

BISMARCK 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 BISMARCK, ND 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
Gate City Bank 279 4.05% $5,745
Dakota Community Bank & Trust 99 4.76% $5,330
CAPITAL CREDIT UNION 92 4.54% $5,433
First International Bank & Trust 78 4.69% $5,933
American Bank Center 62 4.46% $5,018
QUICKEN LOANS, LLC 53 4.82% $6,976
Starion Bank 53 4.19% $5,332
UNITED WHOLESALE MORTGAGE, LLC 51 5.62% $3,000
Choice Financial Group 40 4.08% $8,547
BNC National Bank 39 4.89% $4,838
ARK-LA-TEX FINANCIAL SERVICES, LLC. 39 4.92% $4,769
FIRST COMMUNITY CREDIT UNION 38 4.71% $4,756
GUARANTEED RATE, INC. 36 4.41% $7,504
CALIBER HOME LOANS, INC. 32 4.12% $2,741
First Western Bank & Trust 29 5.15% $4,560
U.S. Bank 28 5.17% $3,684
Wells Fargo Bank 24 4.34% $4,726
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 4.69% $6,202
Flagstar Bank, FSB 20 5.06% $4,843
Citizens Bank 18 4.50% $5,518
Bank of England 17 5.66% $3,992
Bremer Bank 15 4.61% $5,224
PENNYMAC LOAN SERVICES, LLC 12 4.62% $4,912
The Huntington National Bank 12 4.54% $4,545
Plains Commerce Bank 12 4.80% $6,096
LOANDEPOT.COM, LLC 11 4.11% $6,441
HOME POINT FINANCIAL CORPORATION 10 4.21% $6,126
JPMorgan Chase Bank 8 4.81% $3,146
GUILD MORTGAGE COMPANY 6 4.96% $6,131
Servion, Inc. 4 4.56% $8,922
Truist 4 4.22% $5,777
Unify Home Lending Inc. 3 4.83% $6,602
BETTER MORTGAGE CORPORATION 3 3.67% $6,304
TOWN AND COUNTRY Credit Union 3 4.71% $8,038
AMCAP MORTGAGE, LTD. 3 5.79% $6,580
Bell Bank 3 5.21% $4,300
Paramount Residential Mortgage Group, Inc. 3 5.00% $1,887
Alerus Financial 2 5.69% $1,736
AMERICAN FINANCING CORPORATION 2 3.44% $6,105
AMERISAVE MORTGAGE CORPORATION 2 4.18% $6,139
BROKER SOLUTIONS, INC. 2 4.56% $5,452
CARDINAL FINANCIAL 2 5.06% $10,697
Dacotah Bank 2 4.88% $4,156
First Savings Bank 2 4.44% $9,402
Merchants Bank 2 4.96% $2,927
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.63% $6,408
North American Savings Bank, F.S.B. 2 4.81% $3,340
PREMIA MORTGAGE, LLC 2 3.38% $168
RESIDENTIAL BANCORP 2 8.88% $11,608
ZILLOW HOME LOANS, LLC 2 5.94% $5,976
Mortgage Research Center, LLC 1 4.25% $2,538
Mr. Cooper ( Nationstar Mortgage ) 1 5.50% $5,158
WESTERN COOPERATIVE CREDIT UNION 1 3.50% $6,691
NEWREZ LLC 1 6.50% $2,589
Western State Bank 1 4.85% $3,964
First Dakota National Bank 1 3.00% $4,845
Deere Employees Credit Union 1 4.50% $3,610
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $13,753
PNC Bank 1 5.50% $4,990
Willamette Valley Bank 1 6.63% $6,789
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.00% $5,529
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.99% $12,114
CRESCENT MORTGAGE COMPANY 1 5.75% $4,501
WINGS FINANCIAL 1 4.88% $2,391
Charles Schwab Bank, SSB 1 3.35% $3,343
SOFI LENDING CORP. 1 3.38% $3,116
BAY EQUITY LLC 1 3.88% $3,420
Stifel Bank and Trust 1 3.25% $2,852
Barrington Bank & Trust Company, N.A. 1 4.99% $5,088
Bank of the West 1 2.75% $4,170
Bank of America 1 5.50% $3,714
Bank Forward 1 5.25% $3,827
ATLANTA POSTAL 1 4.75% $3,416
AmeriHome Mortgage Company, LLC 1 5.63% $5,248
VALLEY MORTGAGE, INC. 1 3.25% $2,598
Goldwater Bank, N.A. 1 3.50% $2,270
FREEDOM MORTGAGE CORPORATION 1 4.63% $9,400
Frandsen Bank & Trust 1 5.65% $7,005
LAKEVIEW LOAN SERVICING, LLC 1 4.50% $4,424
First PREMIER Bank 1 4.13% $5,719
AMERICAN FINANCIAL RESOURCES, INC. 1 3.75% $7,143

BISMARCK Average Closing Costs & Other Stats

BISMARCK, ND's 81 lenders originated 3,491 loans during 2022. The total origination value was $911,315,000, with an average loan value of $261,047.

BISMARCK's average closing costs are $5,252.

The top BISMARCK lender as defined by loan originations is Gate City Bank, with 279 loans originated. Their average total fees are $5,745, which is $415 higher than the next largest lender, Dakota Community Bank & Trust.

The lowest fee BISMARCK lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($2,741), UNITED WHOLESALE MORTGAGE, LLC ($3,000), U.S. Bank ($3,684), Bank of England ($3,992) and The Huntington National Bank ($4,545).

The lowest rate BISMARCK lenders (with over 10 loans originated) are Gate City Bank (4.05%), Choice Financial Group (4.08%), LOANDEPOT.COM, LLC (4.11%), CALIBER HOME LOANS, INC. (4.12%) and Starion Bank (4.19%).

BISMARCK, ND 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
Gate City Bank $290,875,000 $151,715,000 -47.8% 16.6%
CAPITAL CREDIT UNION $113,500,000 $75,960,000 -33.1% 8.3%
First International Bank & Trust $93,250,000 $63,400,000 -32.0% 7.0%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $59,450,000 n/a 6.5%
Dakota Community Bank & Trust $95,760,000 $42,660,000 -55.5% 4.7%
First Western Bank & Trust $48,055,000 $40,550,000 -15.6% 4.4%
American Bank Center $65,585,000 $36,365,000 -44.6% 4.0%
Starion Bank $66,585,000 $29,410,000 -55.8% 3.2%
Choice Financial Group $42,840,000 $26,320,000 -38.6% 2.9%
QUICKEN LOANS, LLC $59,240,000 $25,815,000 -56.4% 2.8%
GUARANTEED RATE, INC. $44,700,000 $24,265,000 -45.7% 2.7%
BNC National Bank $53,965,000 $24,160,000 -55.2% 2.7%
Kirkwood Bank & Trust Co. $54,745,000 $23,370,000 -57.3% 2.6%
UNITED WHOLESALE MORTGAGE, LLC $18,330,000 $22,735,000 24.0% 2.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $34,735,000 $19,965,000 -42.5% 2.2%
JONES LANG LASALLE MULTIFAMILY, LLC $17,685,000 n/a 1.9%
CALIBER HOME LOANS, INC. $44,455,000 $15,055,000 -66.1% 1.7%
U.S. Bank $29,770,000 $13,505,000 -54.6% 1.5%
Flagstar Bank, FSB $27,525,000 $12,710,000 -53.8% 1.4%
FIRST COMMUNITY CREDIT UNION $21,845,000 $12,250,000 -43.9% 1.3%
Plains Commerce Bank $12,370,000 $11,615,000 -6.1% 1.3%
Bremer Bank $9,585,000 $9,585,000 0.0% 1.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,580,000 $9,475,000 25.0% 1.0%
Wells Fargo Bank $23,205,000 $9,180,000 -60.4% 1.0%
VUE COMMUNITY CREDIT UNION $6,585,000 $8,830,000 34.1% 1.0%
Security First Bank of North Dakota $31,535,000 $7,820,000 -75.2% 0.9%
Bank of England $15,860,000 $7,530,000 -52.5% 0.8%
PENNYMAC LOAN SERVICES, LLC $23,540,000 $7,235,000 -69.3% 0.8%
Citizens Bank $13,005,000 $7,130,000 -45.2% 0.8%
RAILWAY CREDIT UNION $8,290,000 $6,410,000 -22.7% 0.7%
Mortgage Research Center, LLC $9,110,000 $5,615,000 -38.4% 0.6%
The Huntington National Bank $10,325,000 $5,280,000 -48.9% 0.6%
LOANDEPOT.COM, LLC $13,710,000 $4,810,000 -64.9% 0.5%
FREEDOM MORTGAGE CORPORATION $22,575,000 $4,620,000 -79.5% 0.5%
HOME POINT FINANCIAL CORPORATION $8,255,000 $3,835,000 -53.5% 0.4%
Cornerstone Bank $19,260,000 $3,390,000 -82.4% 0.4%
NAVY FEDERAL CREDIT UNION $2,390,000 $3,385,000 41.6% 0.4%
NEWREZ LLC $5,165,000 $3,360,000 -34.9% 0.4%
JPMorgan Chase Bank $2,450,000 $2,765,000 12.9% 0.3%
USAA Federal Savings Bank $5,465,000 $2,210,000 -59.6% 0.2%
AMERISAVE MORTGAGE CORPORATION $6,000,000 $2,105,000 -64.9% 0.2%
BETTER MORTGAGE CORPORATION $4,250,000 $2,105,000 -50.5% 0.2%
TOWN AND COUNTRY Credit Union $1,315,000 $1,970,000 49.8% 0.2%
GUILD MORTGAGE COMPANY $1,855,000 $1,960,000 5.7% 0.2%
Truist $3,100,000 $1,845,000 -40.5% 0.2%
Bell Bank $3,600,000 $1,655,000 -54.0% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $10,820,000 $1,635,000 -84.9% 0.2%
Stifel Bank and Trust $3,790,000 $1,580,000 -58.3% 0.2%
Servion, Inc. $1,160,000 $1,475,000 27.2% 0.2%
BROKER SOLUTIONS, INC. $2,090,000 $1,360,000 -34.9% 0.1%
Unify Home Lending Inc. $145,000 $1,340,000 824.1% 0.1%
21ST MORTGAGE CORPORATION $355,000 $1,205,000 239.4% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $1,385,000 $1,190,000 -14.1% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,085,000 $1,070,000 -1.4% 0.1%
Mr. Cooper ( Nationstar Mortgage ) $5,080,000 $940,000 -81.5% 0.1%
The Federal Savings Bank $2,745,000 $905,000 -67.0% 0.1%
Dacotah Bank $6,305,000 $880,000 -86.0% 0.1%
LAKEVIEW LOAN SERVICING, LLC $4,880,000 $810,000 -83.4% 0.1%
RESIDENTIAL BANCORP. $810,000 n/a 0.1%
PLANET HOME LENDING, LLC $125,000 $720,000 476.0% 0.1%
First Savings Bank $1,245,000 $690,000 -44.6% 0.1%
VALLEY MORTGAGE, INC. $740,000 $680,000 -8.1% 0.1%
MID AMERICA MORTGAGE, INC. $1,520,000 $670,000 -55.9% 0.1%
AMCAP MORTGAGE, LTD. $665,000 n/a 0.1%
Alerus Financial $2,005,000 $650,000 -67.6% 0.1%
PREMIA MORTGAGE, LLC $630,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $1,320,000 $625,000 -52.7% 0.1%
WINGS FINANCIAL $255,000 $625,000 145.1% 0.1%
Magnolia Bank $745,000 $620,000 -16.8% 0.1%
North American Savings Bank, F.S.B. $375,000 $580,000 54.7% 0.1%
WESTERN COOPERATIVE CREDIT UNION $525,000 $575,000 9.5% 0.1%
Discover Bank $190,000 $570,000 200.0% 0.1%
NP, Inc. $565,000 n/a 0.1%
Morgan Stanley Private Bank $545,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $175,000 $540,000 208.6% 0.1%
Charles Schwab Bank, SSB $525,000 n/a 0.1%
Merchants Bank $3,030,000 $515,000 -83.0% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $350,000 $500,000 42.9% 0.1%
Bank of America $1,060,000 $495,000 -53.3% 0.1%
HOMESIDE FINANCIAL, LLC $780,000 $490,000 -37.2% 0.1%
AMERICAN FINANCING CORPORATION $195,000 $455,000 133.3% 0.0%
Low VA Rates, LLC $1,165,000 $445,000 -61.8% 0.0%
Paramount Residential Mortgage Group, Inc. $345,000 $445,000 29.0% 0.0%
S1L, Inc. $425,000 n/a 0.0%
Frandsen Bank & Trust $305,000 $395,000 29.5% 0.0%
PNC Bank $95,000 $390,000 310.5% 0.0%
First Dakota National Bank $375,000 n/a 0.0%
Stockman Bank of Montana $105,000 $370,000 252.4% 0.0%
Florida Capital Bank $365,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $365,000 n/a 0.0%
American Mortgage & Equity Consultants, Inc. $345,000 n/a 0.0%
Gateway First Bank $145,000 $345,000 137.9% 0.0%
Bank of the West $335,000 n/a 0.0%
Mutual Federal Bank $315,000 n/a 0.0%
First PREMIER Bank $295,000 n/a 0.0%
Commerce Home Mortgage, Inc. $285,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $285,000 n/a 0.0%
Hometown Credit Union $275,000 n/a 0.0%
Deere Employees Credit Union $380,000 $270,000 -28.9% 0.0%
Barrington Bank & Trust Company, N.A. $2,235,000 $255,000 -88.6% 0.0%
Wyndham Capital Mortgage, Inc. $1,240,000 $255,000 -79.4% 0.0%
Equity Prime Mortgage LLC $235,000 n/a 0.0%
CANOPY MORTGAGE, LLC $225,000 n/a 0.0%
First Interstate Bank $205,000 $195,000 -4.9% 0.0%
BAY EQUITY LLC $275,000 $185,000 -32.7% 0.0%
CRESCENT MORTGAGE COMPANY $225,000 $185,000 -17.8% 0.0%
ARC HOME LLC $955,000 $175,000 -81.7% 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $175,000 n/a 0.0%
Willamette Valley Bank $175,000 n/a 0.0%
Wyoming Bank & Trust $175,000 n/a 0.0%
SOFI LENDING CORP. $155,000 n/a 0.0%
Bank Forward $235,000 $145,000 -38.3% 0.0%
ATLANTA POSTAL $135,000 n/a 0.0%
AXIA FINANCIAL, LLC $125,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $115,000 n/a 0.0%
Goldwater Bank, N.A. $630,000 $115,000 -81.7% 0.0%
UBS Bank USA $105,000 n/a 0.0%
AMERICAN ADVISORS GROUP $730,000 $95,000 -87.0% 0.0%
Western State Bank $95,000 n/a 0.0%
Union State Bank of Fargo $615,000 $90,000 -85.4% 0.0%
United States Senate Federal Credit Union $75,000 n/a 0.0%
BANKWEST, INC. $650,000 $55,000 -91.5% 0.0%
Figure Lending LLC $55,000 $55,000 0.0% 0.0%
QUORUM FEDERAL CREDIT UNION $45,000 n/a 0.0%

BISMARCK's top lender by overall market share is Gate City Bank, with 16.6% market share. In second place, with 8.3%, is CAPITAL CREDIT UNION, having originated $75,960,000 in loans. In third place, with 7.0%, is First International Bank & Trust, having originated $63,400,000 in loans. In fourth place, with 6.5%, is BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC, having originated $59,450,000 in loans. In fifth place, with 4.7%, is Dakota Community Bank & Trust, having originated $42,660,000 in loans.


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

Realtor.com - BISMARCK (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 $259,900 (1.0%) $297,309 (-3.9%) 0.96 577
2018-02-01 $255,400 (0.4%) $292,242 (-4.5%) 0.93 582
2018-03-01 $264,000 (1.6%) $302,553 (-2.6%) 0.93 606
2018-04-01 $269,900 (0.0%) $313,844 (-1.5%) 0.92 625
2018-05-01 $269,900 (0.9%) $315,735 (-1.0%) 0.90 701
2018-06-01 $274,900 (2.4%) $330,098 (2.5%) 0.92 741
2018-07-01 $268,400 (1.7%) $331,590 (5.2%) 0.90 754
2018-08-01 $268,950 (2.5%) $331,847 (4.5%) 0.90 780
2018-09-01 $272,900 (3.0%) $329,724 (3.8%) 0.92 815
2018-10-01 $269,675 (4.8%) $326,126 (6.3%) 0.91 812
2018-11-01 $269,900 (4.9%) $328,428 (7.9%) 0.91 792
2018-12-01 $274,900 (5.8%) $334,101 (10.4%) 0.95 732
2019-01-01 $273,900 (5.4%) $327,632 (10.2%) 0.95 665
2019-02-01 $269,900 (5.7%) $326,412 (11.7%) 0.91 650
2019-03-01 $274,186 (3.9%) $328,006 (8.4%) 0.90 633
2019-04-01 $279,186 (3.4%) $329,408 (5.0%) 0.89 647
2019-05-01 $271,175 (0.5%) $319,432 (1.2%) 0.85 710
2019-06-01 $270,995 (-1.4%) $320,071 (-3.0%) 0.85 763
2019-07-01 $269,900 (0.6%) $321,602 (-3.0%) 0.84 782
2019-08-01 $269,900 (0.4%) $321,169 (-3.2%) 0.85 768
2019-09-01 $269,900 (-1.1%) $316,299 (-4.1%) 0.86 740
2019-10-01 $269,900 (0.1%) $313,052 (-4.0%) 0.87 710
2019-11-01 $269,900 (0.0%) $314,432 (-4.3%) 0.88 642
2019-12-01 $269,900 (-1.8%) $314,789 (-5.8%) 0.90 589
2020-01-01 $269,900 (-1.5%) $315,089 (-3.8%) 0.90 506
2020-02-01 $274,900 (1.9%) $312,530 (-4.3%) 0.90 494
2020-03-01 $282,448 (3.0%) $322,778 (-1.6%) 0.89 504
2020-04-01 $294,950 (5.7%) $330,523 (0.3%) 0.92 508
2020-05-01 $289,000 (6.6%) $329,888 (3.3%) 0.88 514
2020-06-01 $283,475 (4.6%) $330,828 (3.4%) 0.84 499
2020-07-01 $277,990 (3.0%) $330,348 (2.7%) 0.81 479
2020-08-01 $289,900 (7.4%) $350,588 (9.2%) 0.83 455
2020-09-01 $298,000 (10.4%) $356,920 (12.8%) 0.85 443
2020-10-01 $299,900 (11.1%) $357,915 (14.3%) 0.86 425
2020-11-01 $292,718 (8.5%) $355,688 (13.1%) 0.86 391
2020-12-01 $299,900 (11.1%) $370,530 (17.7%) 0.89 340
2021-01-01 $304,900 (13.0%) $368,349 (16.9%) 0.91 270
2021-02-01 $311,175 (13.2%) $396,692 (26.9%) 0.91 207
2021-03-01 $317,900 (12.6%) $402,105 (24.6%) 0.90 205
2021-04-01 $330,200 (12.0%) $409,890 (24.0%) 0.89 198
2021-05-01 $336,950 (16.6%) $410,514 (24.4%) 0.90 202
2021-06-01 $314,900 (11.1%) $394,429 (19.2%) 0.83 245
2021-07-01 $269,900 (-2.9%) $383,422 (16.1%) 0.71 260
2021-08-01 $269,900 (-6.9%) $377,351 (7.6%) 0.72 264
2021-09-01 $269,900 (-9.4%) $367,783 (3.0%) 0.72 264
2021-10-01 $274,500 (-8.5%) $361,761 (1.1%) 0.73 277
2021-11-01 $277,400 (-5.2%) $364,848 (2.6%) 0.74 247
2021-12-01 $265,000 (-11.6%) $362,827 (-2.1%) 0.72 230
2022-01-01 $299,450 (-1.8%) $371,271 (0.8%) 0.81 190
2022-02-01 $338,900 (8.9%) $383,801 (-3.3%) 0.88 179
2022-03-01 $342,925 (7.9%) $402,536 (0.1%) 0.86 177
2022-04-01 $349,950 (6.0%) $434,319 (6.0%) 0.83 178
2022-05-01 $389,800 (15.7%) $459,224 (11.9%) 0.89 196
2022-06-01 $404,225 (28.4%) $481,404 (22.1%) 0.90 225
2022-07-01 $385,400 (42.8%) $457,569 (19.3%) 0.87 296
2022-08-01 $369,900 (37.1%) $439,980 (16.6%) 0.86 289
2022-09-01 $369,950 (37.1%) $443,959 (20.7%) 0.86 283
2022-10-01 $372,500 (35.7%) $436,944 (20.8%) 0.88 291
2022-11-01 $368,200 (32.7%) $429,312 (17.7%) 0.89 299
2022-12-01 $392,450 (48.1%) $430,715 (18.7%) 0.97 275
2023-01-01 $399,900 (33.5%) $437,901 (18.0%) 0.99 271
2023-02-01 $404,450 (19.3%) $446,267 (16.3%) 0.98 242
2023-03-01 $429,950 (25.4%) $457,414 (13.6%) 1.01 232
2023-04-01 $435,000 (24.3%) $454,609 (4.7%) 1.01 227
2023-05-01 $459,900 (18.0%) $502,256 (9.4%) 1.04 236
2023-06-01 $465,900 (15.3%) $510,866 (6.1%) 1.05 259
2023-07-01 $459,900 (19.3%) $501,912 (9.7%) 1.05 301
2023-08-01 $433,900 (17.3%) $482,364 (9.6%) 1.00 344
BISMARCK's median listing price for 2023-08-01 was $433,900, a difference of $64,000 (17.3%) versus the prior year and $-26,000 versus the prior month.

BISMARCK's median listing price comes in at 100% of the national average.

BISMARCK's average listing price for 2023-08-01 was $482,364, a difference of $42,384 (9.6%) versus the prior year and $-19,548 versus the prior month.

For the 2023-08-01 period, BISMARCK had 344 MLS listings, a difference of 43 listings (14%) versus the prior month and 55 listings (19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - BISMARCK (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 94 days 1,934 sqft
2018-02-01 83 days 1,964 sqft
2018-03-01 59 days 1,990 sqft
2018-04-01 58 days 2,019 sqft
2018-05-01 53 days 2,034 sqft
2018-06-01 56 days 2,077 sqft
2018-07-01 65 days 2,093 sqft
2018-08-01 65 days 2,086 sqft
2018-09-01 68 days 1,522 sqft
2018-10-01 77 days 2,136 sqft
2018-11-01 79 days 2,104 sqft
2018-12-01 87 days 2,109 sqft
2019-01-01 91 days 2,062 sqft
2019-02-01 96 days 2,042 sqft
2019-03-01 91 days 2,044 sqft
2019-04-01 77 days 2,046 sqft
2019-05-01 55 days 2,044 sqft
2019-06-01 53 days 2,064 sqft
2019-07-01 59 days 2,061 sqft
2019-08-01 63 days 2,048 sqft
2019-09-01 69 days 2,033 sqft
2019-10-01 76 days 2,021 sqft
2019-11-01 85 days 2,004 sqft
2019-12-01 96 days 2,000 sqft
2020-01-01 94 days 2,003 sqft
2020-02-01 95 days 2,012 sqft
2020-03-01 63 days 2,072 sqft
2020-04-01 61 days 2,096 sqft
2020-05-01 61 days 2,086 sqft
2020-06-01 51 days 2,034 sqft
2020-07-01 54 days 2,021 sqft
2020-08-01 51 days 2,036 sqft
2020-09-01 51 days 2,111 sqft
2020-10-01 60 days 2,007 sqft
2020-11-01 67 days 1,954 sqft
2020-12-01 71 days 1,948 sqft
2021-01-01 79 days 1,801 sqft
2021-02-01 74 days 1,805 sqft
2021-03-01 61 days 1,866 sqft
2021-04-01 36 days 1,895 sqft
2021-05-01 35 days 2,050 sqft
2021-06-01 31 days 2,069 sqft
2021-07-01 34 days 1,913 sqft
2021-08-01 43 days 2,017 sqft
2021-09-01 47 days 2,061 sqft
2021-10-01 44 days 2,080 sqft
2021-11-01 50 days 1,979 sqft
2021-12-01 55 days 1,926 sqft
2022-01-01 68 days 1,980 sqft
2022-02-01 60 days 2,015 sqft
2022-03-01 33 days 1,960 sqft
2022-04-01 37 days 2,047 sqft
2022-05-01 39 days 2,192 sqft
2022-06-01 35 days 2,197 sqft
2022-07-01 34 days 2,121 sqft
2022-08-01 40 days 2,125 sqft
2022-09-01 46 days 2,165 sqft
2022-10-01 46 days 2,143 sqft
2022-11-01 51 days 2,122 sqft
2022-12-01 65 days 2,080 sqft
2023-01-01 82 days 2,085 sqft
2023-02-01 78 days 2,094 sqft
2023-03-01 55 days 2,078 sqft
2023-04-01 52 days 2,058 sqft
2023-05-01 36 days 2,182 sqft
2023-06-01 34 days 2,309 sqft
2023-07-01 44 days 2,316 sqft
2023-08-01 51 days 2,294 sqft
BISMARCK's median listing age (time on market) for 2023-08-01 was 51 days. This is 27% longer than the same period one year ago.

BISMARCK's median square footage for active listings during the 2023-08-01 period was 2,294 sqft. One year prior, the average listing was 2,125 sqft.

BISMARCK, ND Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
58477 Bismarck, ND $730 $740 $880 $1,250 $1,440
58494 Bismarck, ND $800 $800 $990 $1,370 $1,620
58501 Bismarck, ND $710 $710 $850 $1,210 $1,390
58502 Bismarck, ND $730 $740 $880 $1,250 $1,440
58503 Bismarck, ND $820 $820 $980 $1,390 $1,610
58504 Bismarck, ND $720 $720 $860 $1,220 $1,410
58505 Bismarck, ND $730 $740 $880 $1,250 $1,440
58506 Bismarck, ND $730 $740 $880 $1,250 $1,440
58507 Bismarck, ND $730 $740 $880 $1,250 $1,440
58520 Bismarck, ND $650 $650 $800 $1,140 $1,300
58521 Bismarck, ND $730 $740 $880 $1,250 $1,440
58523 Bismarck, ND $680 $690 $840 $1,180 $1,350
58524 Bismarck, ND $730 $740 $880 $1,250 $1,440
58530 Bismarck, ND $640 $650 $800 $1,120 $1,280
58532 Bismarck, ND $750 $750 $900 $1,280 $1,470
58535 Bismarck, ND $730 $740 $880 $1,250 $1,440
58545 Bismarck, ND $820 $820 $1,010 $1,430 $1,620
58554 Bismarck, ND $750 $750 $900 $1,280 $1,470
58558 Bismarck, ND $720 $720 $860 $1,220 $1,410
58560 Bismarck, ND $650 $650 $800 $1,140 $1,300
58563 Bismarck, ND $650 $650 $800 $1,140 $1,300
58566 Bismarck, ND $730 $740 $880 $1,250 $1,440
58569 Bismarck, ND $730 $740 $880 $1,250 $1,440
58570 Bismarck, ND $730 $740 $880 $1,250 $1,440
58571 Bismarck, ND $640 $650 $800 $1,120 $1,280
58572 Bismarck, ND $740 $740 $890 $1,260 $1,450
58579 Bismarck, ND $730 $740 $880 $1,250 $1,440
58631 Bismarck, ND $660 $660 $800 $1,140 $1,300
58638 Bismarck, ND $730 $740 $880 $1,250 $1,440

2022 Average & Median Rent Data Statistics
BISMARCK, ND average 1BR rent: $726, median: $740
BISMARCK, ND average 2BR rent: $873, median: $880
BISMARCK, ND average 3BR rent: $1,238, median: $1,250

BISMARCK, ND Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,950 $576,810,000 $295,800
Refi 535 $136,915,000 $255,916
Cash Out Refi 374 $145,480,000 $388,984
Home Improvement 350 $26,780,000 $76,514
Other 281 $25,215,000 $89,733
NA 1 $115,000 $115,000

Bismarck's most frequently cited loan purpose was Home Purchase, with 1,950 originations. The 2nd most popular reason was Refi, with 535 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 928 $236,910,000 $255,291
3-4% 870 $237,180,000 $272,621
5-6% 709 $152,605,000 $215,240
6-7% 287 $69,345,000 $241,620
2.5-3% 273 $78,155,000 $286,282
<2.5% 78 $19,800,000 $253,846
7-8% 72 $9,350,000 $129,861
Over 8% 26 $2,330,000 $89,615

During 2022, Bismarck's most frequently originated rate bucket was 4-5%, with 928 originations.

Loan Sizing (BISMARCK, ND MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,398 $386,990,000 $276,817
$100k-200k 840 $128,550,000 $153,036
$100,000 or less 809 $44,925,000 $55,532
$400k-600k 326 $153,860,000 $471,963
$600k-1000k 92 $63,850,000 $694,022
$Over $1MM 26 $133,140,000 $5,120,769

BISMARCK's loan sizing saw the bucket of loans from $200k-400k with 1,398 originations, totaling $386,990,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,284 $399,390,000 $311,051
60-80% 792 $238,250,000 $300,821
Under 20% 463 $24,805,000 $53,575
20-40% 366 $43,940,000 $120,055
40-60% 287 $83,535,000 $291,063
Over 100% 33 $59,745,000 $1,810,455

BISMARCK's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,284 originations, totaling $399,390,000 in origination value.