Brookings Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Brookings averaged 6.5% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

    The average rate for the prior week (2025-04-03) was 6.32% and one month ago for the week of 2025-03-06, the average rate was 6.31%.

    Brookings's average rate one year ago was 6.5%.

    For refis of the same type during the week of 2025-04-10, the average rate was 6.82%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-10 6.62%
    Brookings 30 Year Fixed Rate 2025-04-10 6.5%
    Brookings 30 Year Fixed Rate Refi 2025-04-10 6.82%
    Brookings 15 Year Fixed Rate 2025-04-10 6.02%
    Brookings 15 Year Fixed Rate Refi 2025-04-10 6.12%
    Brookings 30 Year FHA 2025-04-10 6.43%
    Brookings 30 Year FHA Refi 2025-04-10 6.63%
    Brookings 30 Year USDA 2025-04-10 6.65%
    Brookings 30 Year USDA Refi 2025-04-10 6.55%
    Brookings 30 Year VA 2025-04-10 6.39%
    Brookings 30 Year VA Refi 2025-04-10 6.09%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Brookings, SD.

    Brookings 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 Brookings, SD 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    First Bank & Trust 66 6.40% $4,928
    GUARANTEED RATE, INC. 23 7.06% $4,235
    Central Bank 13 6.36% $4,874
    Dacotah Bank 10 6.48% $3,733
    Plains Commerce Bank 9 6.67% $6,760
    First PREMIER Bank 7 6.46% $5,226
    CARDINAL FINANCIAL 7 6.91% $8,935
    QUICKEN LOANS, LLC 6 6.50% $7,194
    Wells Fargo Bank 3 7.04% $4,417
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.42% $7,362
    First International Bank & Trust 3 6.04% $2,630
    American Bank & Trust 3 5.92% $4,221
    IOWA BANKERS MORTGAGE CORPORATION 2 6.25% $6,134
    Mortgage Research Center, LLC 2 6.81% $3,890
    SIOUX FALLS 2 5.88% $5,007
    First Dakota National Bank 2 6.69% $4,938
    First National Bank of Omaha 2 6.56% $4,760
    BLACK HILLS FEDERAL CREDIT UNION 2 6.81% $7,417
    Bremer Bank 2 6.19% $6,906
    AmeriHome Mortgage Company, LLC 1 6.75% $10,563
    Reliabank Dakota 1 6.88% $5,619
    Sierra Pacific Mortgage Company, Inc. 1 7.63% $3,906
    Summit Mortgage Corporation 1 6.88% $4,481
    CU MORTGAGE DIRECT, LLC 1 5.75% $5,506
    Citizens Bank 1 7.38% $5,719
    UNITED WHOLESALE MORTGAGE, LLC 1 7.38% $3,677
    U.S. Bank 1 5.88% $1,709
    Flagstar Bank, FSB 1 6.63% $0
    Frandsen Bank & Trust 1 5.13% $2,969
    Barrington Bank & Trust Company, N.A. 1 6.63% $2,572
    Mr. Cooper ( Nationstar Mortgage ) 1 7.13% $8,470
    BANKWEST, INC. 1 6.13% $6,758

    Brookings Average Closing Costs & Other Stats

    Brookings, SD's 32 lenders originated 481 loans during 2024. The total origination value was $118,265,000, with an average loan value of $245,873.

    Brookings's average closing costs are $4,788.

    The top Brookings lender as defined by loan originations is First Bank & Trust, with 66 loans originated. Their average total fees are $4,928, which is $693 higher than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Brookings lenders (with over 10 loans originated) are Dacotah Bank ($3,733), GUARANTEED RATE, INC. ($4,235), Central Bank ($4,874), First Bank & Trust ($4,928) and .

    The lowest rate Brookings lenders (with over 10 loans originated) are Central Bank (6.36%), First Bank & Trust (6.40%), Dacotah Bank (6.48%), GUARANTEED RATE, INC. (7.06%) and .

    Brookings, SD 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    First Bank & Trust $29,995,000 $30,250,000 0.9% 25.6%
    GUARANTEED RATE, INC. $8,395,000 $13,390,000 59.5% 11.3%
    Central Bank $3,330,000 $6,580,000 97.6% 5.6%
    BANKWEST, INC. $65,000 $6,190,000 9,423.1% 5.2%
    Plains Commerce Bank $5,540,000 $5,815,000 5.0% 4.9%
    Dacotah Bank $4,455,000 $4,595,000 3.1% 3.9%
    First Interstate Bank $820,000 $4,560,000 456.1% 3.9%
    First PREMIER Bank $1,035,000 $4,430,000 328.0% 3.7%
    CARDINAL FINANCIAL $3,505,000 n/a 3.0%
    QUICKEN LOANS, LLC $4,395,000 $3,050,000 -30.6% 2.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,665,000 $2,260,000 -15.2% 1.9%
    USAA Federal Savings Bank $225,000 $2,170,000 864.4% 1.8%
    Mortgage Research Center, LLC $1,155,000 $1,565,000 35.5% 1.3%
    FREEDOM MORTGAGE CORPORATION $175,000 $1,485,000 748.6% 1.3%
    First Dakota National Bank $890,000 $1,035,000 16.3% 0.9%
    CU MORTGAGE DIRECT, LLC $335,000 $1,005,000 200.0% 0.8%
    American Bank & Trust $1,250,000 $995,000 -20.4% 0.8%
    BLACK HILLS FEDERAL CREDIT UNION $445,000 $965,000 116.9% 0.8%
    SIOUX FALLS $1,135,000 $945,000 -16.7% 0.8%
    First International Bank & Trust $995,000 $890,000 -10.6% 0.8%
    Wells Fargo Bank $1,480,000 $890,000 -39.9% 0.8%
    American State Bank $180,000 $820,000 355.6% 0.7%
    Bremer Bank $775,000 $810,000 4.5% 0.7%
    U.S. Bank $900,000 $795,000 -11.7% 0.7%
    PLANET HOME LENDING, LLC $760,000 n/a 0.6%
    First National Bank of Omaha $295,000 $740,000 150.8% 0.6%
    The First National Bank in Sioux Falls $915,000 $605,000 -33.9% 0.5%
    IOWA BANKERS MORTGAGE CORPORATION $135,000 $580,000 329.6% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $175,000 $570,000 225.7% 0.5%
    LOANDEPOT.COM, LLC $505,000 n/a 0.4%
    Peoples State Bank of Plainview $495,000 n/a 0.4%
    21ST MORTGAGE CORPORATION $490,000 n/a 0.4%
    Baxter Credit Union $435,000 n/a 0.4%
    PENNYMAC LOAN SERVICES, LLC $75,000 $435,000 480.0% 0.4%
    Bell Bank $415,000 n/a 0.4%
    CORTRUST MORTGAGE, INC. $460,000 $410,000 -10.9% 0.3%
    Stride Bank $405,000 n/a 0.3%
    GREENSTATE CREDIT UNION $375,000 n/a 0.3%
    SERVICE FIRST FEDERAL CREDIT UNION $375,000 n/a 0.3%
    Flanagan State Bank $95,000 $365,000 284.2% 0.3%
    HomeTown Bank $185,000 $365,000 97.3% 0.3%
    HOMESIDE FINANCIAL, LLC $355,000 n/a 0.3%
    UNITED WHOLESALE MORTGAGE, LLC $710,000 $350,000 -50.7% 0.3%
    CMG MORTGAGE, INC. $175,000 $345,000 97.1% 0.3%
    Deere Employees Credit Union $345,000 n/a 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $285,000 $325,000 14.0% 0.3%
    JPMorgan Chase Bank $755,000 $325,000 -57.0% 0.3%
    Reliabank Dakota $1,060,000 $315,000 -70.3% 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $305,000 n/a 0.3%
    POLARIS HOME FUNDING CORP. $275,000 $305,000 10.9% 0.3%
    RESIDENTIAL BANCORP $305,000 n/a 0.3%
    Servion, Inc. $225,000 $305,000 35.6% 0.3%
    Summit Mortgage Corporation $305,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $300,000 n/a 0.3%
    NAVY FEDERAL CREDIT UNION $160,000 $300,000 87.5% 0.3%
    Flagstar Bank, FSB $470,000 $295,000 -37.2% 0.2%
    AmeriHome Mortgage Company, LLC $285,000 n/a 0.2%
    Citizens Bank $110,000 $285,000 159.1% 0.2%
    Minnwest Bank $455,000 $285,000 -37.4% 0.2%
    Farm Credit Mid-America, ACA $220,000 $275,000 25.0% 0.2%
    LIBERTY FIRST $265,000 n/a 0.2%
    Sierra Pacific Mortgage Company, Inc. $225,000 n/a 0.2%
    Cornerstone Bank $185,000 $215,000 16.2% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $215,000 n/a 0.2%
    VERIDIAN CREDIT UNION $205,000 n/a 0.2%
    VILLAGE CAPITAL MORTGAGE $195,000 n/a 0.2%
    First Western Bank & Trust $185,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $125,000 $165,000 32.0% 0.1%
    Heritage Bank $165,000 n/a 0.1%
    Coastal Community Bank $95,000 $130,000 36.8% 0.1%
    Ally Bank $125,000 n/a 0.1%
    Pinnacle Bank - Wyoming $115,000 n/a 0.1%
    CorTrust Bank $45,000 $105,000 133.3% 0.1%
    Discover Bank $410,000 $55,000 -86.6% 0.0%
    Frandsen Bank & Trust $55,000 n/a 0.0%
    LAKEVIEW LOAN SERVICING, LLC $175,000 $35,000 -80.0% 0.0%
    NOVATION CREDIT UNION $90,000 $35,000 -61.1% 0.0%
    SIOUXLAND FEDERAL CREDIT UNION $25,000 n/a 0.0%

    Brookings's top lender by overall market share is First Bank & Trust, with 25.6% market share. In second place, with 11.3%, is GUARANTEED RATE, INC., having originated $13,390,000 in loans. In third place, with 5.6%, is Central Bank, having originated $6,580,000 in loans. In fourth place, with 5.2%, is BANKWEST, INC., having originated $6,190,000 in loans. In fifth place, with 4.9%, is Plains Commerce Bank, having originated $5,815,000 in loans.

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

    Realtor.com - Brookings (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 $206,168 (-68.3%) $223,932 (-65.5%) 0.00 93
    2018-02-01 $207,675 (-57.8%) $239,121 (-51.4%) 0.00 92
    2018-03-01 $222,400 (-45.2%) $245,181 (-42.0%) 0.00 101
    2018-04-01 $224,900 (-30.8%) $241,550 (-24.1%) 0.00 110
    2018-05-01 $221,950 (-38.4%) $245,030 (-32.2%) 0.00 118
    2018-06-01 $215,643 (-34.2%) $236,494 (-31.2%) 0.00 130
    2018-07-01 $217,071 (3.4%) $242,722 (-3.0%) 0.00 142
    2018-08-01 $215,271 (4.9%) $249,605 (7.8%) 0.00 141
    2018-09-01 $212,400 (5.7%) $249,629 (8.1%) 0.00 144
    2018-10-01 $217,400 (8.5%) $248,196 (4.6%) 0.00 140
    2018-11-01 $223,725 (4.4%) $255,047 (7.7%) 0.00 131
    2018-12-01 $224,000 (3.8%) $265,413 (13.6%) 0.00 110
    2019-01-01 $231,150 (12.1%) $266,075 (18.8%) 0.00 87
    2019-02-01 $237,400 (14.3%) $276,727 (15.7%) 0.00 81
    2019-03-01 $241,186 (8.5%) $283,522 (15.6%) 0.00 82
    2019-04-01 $243,900 (8.5%) $288,677 (19.5%) 0.00 82
    2019-05-01 $260,900 (17.6%) $297,059 (21.2%) 0.00 86
    2019-06-01 $266,400 (23.5%) $295,794 (25.1%) 0.00 103
    2019-07-01 $256,900 (18.4%) $288,405 (18.8%) 0.00 113
    2019-08-01 $265,109 (23.2%) $292,957 (17.4%) 0.00 113
    2019-09-01 $258,523 (21.7%) $290,183 (16.3%) 0.00 111
    2019-10-01 $254,132 (16.9%) $288,334 (16.2%) 0.00 107
    2019-11-01 $253,400 (13.3%) $284,761 (11.7%) 0.00 99
    2019-12-01 $249,900 (11.6%) $284,943 (7.4%) 0.00 88
    2020-01-01 $244,578 (5.8%) $266,993 (0.4%) 0.00 79
    2020-02-01 $246,900 (4.0%) $271,782 (-1.8%) 0.00 78
    2020-03-01 $266,400 (10.5%) $290,447 (2.4%) 0.00 77
    2020-04-01 $276,150 (13.2%) $298,740 (3.5%) 0.00 89
    2020-05-01 $299,200 (14.7%) $299,601 (0.9%) 0.00 90
    2020-06-01 $292,150 (9.7%) $300,042 (1.4%) 0.00 100
    2020-07-01 $299,400 (16.5%) $311,555 (8.0%) 0.00 90
    2020-08-01 $269,900 (1.8%) $284,257 (-3.0%) 0.00 77
    2020-09-01 $269,900 (4.4%) $289,548 (-0.2%) 0.00 73
    2020-10-01 $274,900 (8.2%) $317,530 (10.1%) 0.00 51
    2020-11-01 $267,650 (5.6%) $310,097 (8.9%) 0.00 46
    2020-12-01 $274,200 (9.7%) $320,338 (12.4%) 0.00 40
    2021-01-01 $309,900 (26.7%) $332,424 (24.5%) 0.00 32
    2021-02-01 $301,150 (22.0%) $342,975 (26.2%) 0.00 31
    2021-03-01 $296,150 (11.2%) $363,195 (25.1%) 0.00 33
    2021-04-01 $289,400 (4.8%) $302,007 (1.1%) 0.00 29
    2021-05-01 $288,900 (-3.4%) $294,595 (-1.7%) 0.00 35
    2021-06-01 $299,900 (2.7%) $369,477 (23.1%) 0.00 44
    2021-07-01 $294,900 (-1.5%) $372,435 (19.5%) 0.00 35
    2021-08-01 $276,400 (2.4%) $368,401 (29.6%) 0.00 36
    2021-09-01 $287,650 (6.6%) $366,796 (26.7%) 0.00 35
    2021-10-01 $296,900 (8.0%) $361,430 (13.8%) 0.00 47
    2021-11-01 $297,900 (11.3%) $372,253 (20.0%) 0.00 40
    2021-12-01 $313,450 (14.3%) $394,624 (23.2%) 0.00 34
    2022-01-01 $328,400 (6.0%) $354,478 (6.6%) 0.00 27
    2022-02-01 $321,150 (6.6%) $325,500 (-5.1%) 0.00 30
    2022-03-01 $325,400 (9.9%) $333,758 (-8.1%) 0.00 34
    2022-04-01 $322,400 (11.4%) $332,796 (10.2%) 0.00 35
    2022-05-01 $324,650 (12.4%) $338,758 (15.0%) 0.00 34
    2022-06-01 $326,800 (9.0%) $357,960 (-3.1%) 0.00 39
    2022-07-01 $328,900 (11.5%) $377,939 (1.5%) 0.00 38
    2022-08-01 $328,900 (19.0%) $379,446 (3.0%) 0.00 42
    2022-09-01 $343,000 (19.2%) $383,542 (4.6%) 0.00 44
    2022-10-01 $359,900 (21.2%) $411,658 (13.9%) 0.00 48
    2022-11-01 $348,175 (16.9%) $415,880 (11.7%) 0.00 45
    2022-12-01 $349,900 (11.6%) $410,859 (4.1%) 0.00 39
    2023-01-01 $373,050 (13.6%) $396,429 (11.8%) 0.00 34
    2023-02-01 $375,550 (16.9%) $390,265 (19.9%) 0.00 32
    2023-03-01 $384,900 (18.3%) $416,259 (24.7%) 0.00 31
    2023-04-01 $367,400 (14.0%) $408,678 (22.8%) 0.00 38
    2023-05-01 $367,400 (13.2%) $417,921 (23.4%) 0.00 55
    2023-06-01 $399,700 (22.3%) $455,924 (27.4%) 0.00 57
    2023-07-01 $384,900 (17.0%) $436,647 (15.5%) 0.00 60
    2023-08-01 $387,400 (17.8%) $428,137 (12.8%) 0.00 73
    2023-09-01 $374,900 (9.3%) $425,136 (10.8%) 0.00 74
    2023-10-01 $375,438 (4.3%) $425,676 (3.4%) 0.00 76
    2023-11-01 $372,400 (7.0%) $423,876 (1.9%) 0.00 73
    2023-12-01 $369,900 (5.7%) $425,597 (3.6%) 0.00 61
    2024-01-01 $372,400 (-0.2%) $439,763 (10.9%) 0.00 58
    2024-02-01 $371,150 (-1.2%) $423,179 (8.4%) 0.00 49
    2024-03-01 $389,900 (1.3%) $436,089 (4.8%) 0.00 55
    2024-04-01 $386,050 (5.1%) $429,686 (5.1%) 0.00 58
    2024-05-01 $383,550 (4.4%) $429,221 (2.7%) 0.00 54
    2024-06-01 $379,500 (-5.1%) $445,466 (-2.3%) 0.00 56
    2024-07-01 $379,500 (-1.4%) $429,732 (-1.6%) 0.00 70
    2024-08-01 $374,950 (-3.2%) $444,814 (3.9%) 0.00 83
    2024-09-01 $374,900 (0.0%) $450,566 (6.0%) 0.00 91
    2024-10-01 $389,900 (3.9%) $449,205 (5.5%) 0.00 81
    2024-11-01 $384,900 (3.4%) $451,027 (6.4%) 0.00 86
    2024-12-01 $382,400 (3.4%) $441,087 (3.6%) 0.00 84
    2025-01-01 $373,675 (0.3%) $423,573 (-3.7%) 0.00 79
    2025-02-01 $391,150 (5.4%) $438,935 (3.7%) 0.00 74
    2025-03-01 $394,900 (1.3%) $453,983 (4.1%) 0.00 68
    Brookings's median listing price for 2025-03-01 was $394,900, a difference of $5,000 (1.3%) versus the prior year and $3,750 versus the prior month.

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

    Brookings's average listing price for 2025-03-01 was $453,983, a difference of $17,894 (4.1%) versus the prior year and $15,048 versus the prior month.

    For the 2025-03-01 period, Brookings had 68 MLS listings, a difference of -6 listings (-8%) versus the prior month and 13 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Brookings (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,280 sqft
    2018-02-01 0 days 1,290 sqft
    2018-03-01 0 days 1,328 sqft
    2018-04-01 0 days 1,334 sqft
    2018-05-01 0 days 1,344 sqft
    2018-06-01 0 days 1,344 sqft
    2018-07-01 0 days 1,354 sqft
    2018-08-01 0 days 1,364 sqft
    2018-09-01 0 days 1,354 sqft
    2018-10-01 0 days 1,349 sqft
    2018-11-01 0 days 1,347 sqft
    2018-12-01 0 days 1,375 sqft
    2019-01-01 0 days 1,375 sqft
    2019-02-01 0 days 1,395 sqft
    2019-03-01 0 days 1,421 sqft
    2019-04-01 0 days 1,430 sqft
    2019-05-01 0 days 1,437 sqft
    2019-06-01 0 days 1,495 sqft
    2019-07-01 0 days 1,487 sqft
    2019-08-01 0 days 1,484 sqft
    2019-09-01 0 days 1,468 sqft
    2019-10-01 0 days 1,458 sqft
    2019-11-01 0 days 1,426 sqft
    2019-12-01 0 days 1,441 sqft
    2020-01-01 0 days 1,376 sqft
    2020-02-01 0 days 1,379 sqft
    2020-03-01 0 days 1,417 sqft
    2020-04-01 0 days 1,477 sqft
    2020-05-01 0 days 1,478 sqft
    2020-06-01 0 days 1,493 sqft
    2020-07-01 0 days 1,528 sqft
    2020-08-01 0 days 1,523 sqft
    2020-09-01 0 days 1,501 sqft
    2020-10-01 0 days 1,586 sqft
    2020-11-01 0 days 1,515 sqft
    2020-12-01 0 days 1,513 sqft
    2021-01-01 0 days 1,679 sqft
    2021-02-01 0 days 1,531 sqft
    2021-03-01 0 days 1,562 sqft
    2021-04-01 0 days 1,494 sqft
    2021-05-01 0 days 1,358 sqft
    2021-06-01 0 days 1,516 sqft
    2021-07-01 0 days 1,494 sqft
    2021-08-01 0 days 1,508 sqft
    2021-09-01 0 days 1,573 sqft
    2021-10-01 0 days 1,510 sqft
    2021-11-01 0 days 1,571 sqft
    2021-12-01 0 days 1,560 sqft
    2022-01-01 0 days 1,573 sqft
    2022-02-01 0 days 1,500 sqft
    2022-03-01 0 days 1,448 sqft
    2022-04-01 0 days 1,450 sqft
    2022-05-01 0 days 1,448 sqft
    2022-06-01 0 days 1,511 sqft
    2022-07-01 0 days 1,485 sqft
    2022-08-01 0 days 1,464 sqft
    2022-09-01 0 days 1,588 sqft
    2022-10-01 0 days 1,671 sqft
    2022-11-01 0 days 1,570 sqft
    2022-12-01 0 days 1,629 sqft
    2023-01-01 0 days 1,629 sqft
    2023-02-01 0 days 1,586 sqft
    2023-03-01 0 days 1,648 sqft
    2023-04-01 0 days 1,586 sqft
    2023-05-01 0 days 1,558 sqft
    2023-06-01 0 days 1,648 sqft
    2023-07-01 0 days 1,668 sqft
    2023-08-01 0 days 1,656 sqft
    2023-09-01 0 days 1,500 sqft
    2023-10-01 0 days 1,470 sqft
    2023-11-01 0 days 1,470 sqft
    2023-12-01 0 days 1,485 sqft
    2024-01-01 0 days 1,462 sqft
    2024-02-01 0 days 1,462 sqft
    2024-03-01 0 days 1,500 sqft
    2024-04-01 0 days 1,515 sqft
    2024-05-01 0 days 1,507 sqft
    2024-06-01 0 days 1,384 sqft
    2024-07-01 0 days 1,439 sqft
    2024-08-01 0 days 1,596 sqft
    2024-09-01 0 days 1,586 sqft
    2024-10-01 0 days 1,506 sqft
    2024-11-01 0 days 1,562 sqft
    2024-12-01 0 days 1,555 sqft
    2025-01-01 0 days 1,517 sqft
    2025-02-01 0 days 1,484 sqft
    2025-03-01 0 days 1,547 sqft
    Brookings's median listing age (time on market) for 2025-03-01 was 0 days.

    Brookings's median square footage for active listings during the 2025-03-01 period was 1,547 sqft. One year prior, the average listing was 1,500 sqft.

    Brookings, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 308 $94,380,000 $306,429
    Refi 67 $12,065,000 $180,075
    Home Improvement 45 $3,695,000 $82,111
    Other 33 $3,075,000 $93,182
    Cash Out Refi 28 $5,050,000 $180,357

    Brookings's most frequently cited loan purpose was Home Purchase, with 308 originations. The 2nd most popular reason was Refi, with 67 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 196 $57,680,000 $294,286
    Over 8% 116 $14,330,000 $123,534
    5-6% 81 $19,165,000 $236,605
    7-8% 66 $20,370,000 $308,636
    4-5% 7 $1,895,000 $270,714
    2.5-3% 5 $135,000 $27,000

    During 2024, Brookings's most frequently originated rate bucket was 6-7%, with 196 originations.

    Loan Sizing (Brookings, SD MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 207 $57,985,000 $280,121
    $100,000 or less 118 $6,280,000 $53,220
    $100k-200k 96 $14,660,000 $152,708
    $400k-600k 48 $22,140,000 $461,250
    $600k-1000k 8 $5,460,000 $682,500
    $Over $1MM 4 $11,740,000 $2,935,000

    Brookings's loan sizing saw the bucket of loans from $200k-400k with 207 originations, totaling $57,985,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 184 $54,100,000 $294,022
    60-80% 92 $29,500,000 $320,652
    Under 20% 79 $9,365,000 $118,544
    20-40% 51 $6,095,000 $119,510
    40-60% 48 $9,900,000 $206,250
    Over 100% 7 $2,665,000 $380,714

    Brookings's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 184 originations, totaling $54,100,000 in origination value.