Cedar City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cedar City averaged
6.75%
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
7.08% and
one month ago for the week of 2023-02-09, the
average rate was 6.27%.
Cedar City's average rate one year ago was 3.67%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.74%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Cedar City 30 Year Fixed Rate | 2023-03-16 | 6.75% |
| Cedar City 30 Year Fixed Rate Refi | 2023-03-16 | 6.74% |
| Cedar City 15 Year Fixed Rate | 2023-03-16 | 6.47% |
| Cedar City 15 Year Fixed Rate Refi | 2023-03-16 | 6.51% |
| Cedar City 30 Year FHA | 2023-03-16 | 6.58% |
| Cedar City 30 Year FHA Refi | 2023-03-16 | 6.28% |
| Cedar City 30 Year USDA | 2023-03-16 | 5.88% |
| Cedar City 30 Year USDA Refi | 2023-03-16 | 5.97% |
| Cedar City 30 Year VA | 2023-03-16 | 5.95% |
| Cedar City 30 Year VA Refi | 2023-03-16 | 5.78% |
Cedar City 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 Cedar City, UT 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.).
Cedar City Average Closing Costs & Other Stats
Cedar City, UT's 109 lenders originated 2,543
loans during 2022. The total origination value was $672,495,000, with an average loan value of
$264,449.
Cedar City's average closing costs are $5,305.
The top Cedar City lender as defined by loan originations is State Bank of Southern Utah, with
112 loans originated. Their average total fees are
$5,094, which is $1,294
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Cedar City lenders (with over 10 loans originated) are
Zions Bancorporation, N.A. ($3,423), DHI MORTGAGE COMPANY, LTD. ($3,784), Wells Fargo Bank ($4,427), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,881) and State Bank of Southern Utah ($5,094).
The lowest rate Cedar City lenders (with over 10 loans originated) are
Wells Fargo Bank (4.07%), CANOPY MORTGAGE, LLC (4.26%), Zions Bancorporation, N.A. (4.27%), HOME POINT FINANCIAL CORPORATION (4.40%) and INTERCAP LENDING INC. (4.56%).
Cedar City, UT 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 |
|---|---|---|---|---|
| State Bank of Southern Utah | $89,090,000 | $101,270,000 | 13.7% | 15.1% |
| MOUNTAIN AMERICA | $62,035,000 | $64,310,000 | 3.7% | 9.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $61,990,000 | $47,500,000 | -23.4% | 7.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $85,625,000 | $42,345,000 | -50.5% | 6.3% |
| ACADEMY MORTGAGE CORPORATION | $51,180,000 | $34,250,000 | -33.1% | 5.1% |
| SUN AMERICAN MORTGAGE COMPANY | $28,765,000 | $26,890,000 | -6.5% | 4.0% |
| INTERCAP LENDING INC. | $57,395,000 | $26,050,000 | -54.6% | 3.9% |
| QUICKEN LOANS, LLC | $52,100,000 | $23,375,000 | -55.1% | 3.5% |
| BROKER SOLUTIONS, INC. | $35,570,000 | $21,945,000 | -38.3% | 3.3% |
| GUILD MORTGAGE COMPANY | $11,285,000 | $20,850,000 | 84.8% | 3.1% |
| Zions Bancorporation, N.A. | $18,975,000 | $19,195,000 | 1.2% | 2.9% |
| FIRST COLONY MORTGAGE CORPORATION | $20,250,000 | $14,445,000 | -28.7% | 2.1% |
| HOME POINT FINANCIAL CORPORATION | $16,230,000 | $11,945,000 | -26.4% | 1.8% |
| DHI MORTGAGE COMPANY, LTD. | $265,000 | $11,545,000 | 4,256.6% | 1.7% |
| AMERICA FIRST | $10,190,000 | $9,860,000 | -3.2% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,610,000 | $8,135,000 | -29.9% | 1.2% |
| LOANDEPOT.COM, LLC | $11,955,000 | $7,385,000 | -38.2% | 1.1% |
| Wells Fargo Bank | $11,585,000 | $7,310,000 | -36.9% | 1.1% |
| Flagstar Bank, FSB | $3,705,000 | $7,115,000 | 92.0% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $19,610,000 | $6,610,000 | -66.3% | 1.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $5,340,000 | $6,455,000 | 20.9% | 1.0% |
| LONGBRIDGE FINANCIAL, LLC | $6,010,000 | $6,360,000 | 5.8% | 0.9% |
| Mortgage Research Center, LLC | $6,130,000 | $5,790,000 | -5.5% | 0.9% |
| AMERISAVE MORTGAGE CORPORATION | $7,130,000 | $4,960,000 | -30.4% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $14,660,000 | $4,765,000 | -67.5% | 0.7% |
| CMG MORTGAGE, INC. | $5,490,000 | $4,215,000 | -23.2% | 0.6% |
| CANOPY MORTGAGE, LLC | $5,545,000 | $3,860,000 | -30.4% | 0.6% |
| U.S. Bank | $3,050,000 | $3,770,000 | 23.6% | 0.6% |
| CHERRY CREEK MORTGAGE, LLC | $4,415,000 | $3,755,000 | -14.9% | 0.6% |
| CHARTWAY FEDERAL CREDIT UNION | $2,090,000 | $3,655,000 | 74.9% | 0.5% |
| BAY EQUITY LLC | $7,830,000 | $3,400,000 | -56.6% | 0.5% |
| BELEM SERVICING LLC | $5,315,000 | $3,395,000 | -36.1% | 0.5% |
| CALIBER HOME LOANS, INC. | $8,285,000 | $3,280,000 | -60.4% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,530,000 | $3,250,000 | -56.8% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $2,830,000 | $2,765,000 | -2.3% | 0.4% |
| CITYWIDE HOME LOANS, LLC | $1,470,000 | $2,745,000 | 86.7% | 0.4% |
| MY MOVE MORTGAGE, LLC | $505,000 | $2,455,000 | 386.1% | 0.4% |
| Bank of America | $1,555,000 | $2,340,000 | 50.5% | 0.3% |
| VERITAS FUNDING, LLC | $3,145,000 | $2,320,000 | -26.2% | 0.3% |
| LENDSURE MORTGAGE CORP. | $2,290,000 | n/a | 0.3% | |
| PHH Mortgage Corporation | $600,000 | $2,285,000 | 280.8% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $5,495,000 | $2,100,000 | -61.8% | 0.3% |
| AMERICAN FINANCING CORPORATION | $2,495,000 | $1,985,000 | -20.4% | 0.3% |
| USAA Federal Savings Bank | $1,365,000 | $1,925,000 | 41.0% | 0.3% |
| CYPRUS Federal Credit Union | $2,885,000 | $1,890,000 | -34.5% | 0.3% |
| EVERETT FINANCIAL, INC. | $1,865,000 | n/a | 0.3% | |
| SECURITY SERVICE | $880,000 | $1,855,000 | 110.8% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $4,920,000 | $1,795,000 | -63.5% | 0.3% |
| AMERICAN ADVISORS GROUP | $2,190,000 | $1,785,000 | -18.5% | 0.3% |
| Bank of Utah | $1,975,000 | $1,780,000 | -9.9% | 0.3% |
| NEWREZ LLC | $3,625,000 | $1,760,000 | -51.4% | 0.3% |
| VILLAGE CAPITAL MORTGAGE | $6,740,000 | $1,715,000 | -74.6% | 0.3% |
| GOLDENWEST | $3,390,000 | $1,670,000 | -50.7% | 0.2% |
| Cache Valley Bank | $3,420,000 | $1,555,000 | -54.5% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $875,000 | $1,500,000 | 71.4% | 0.2% |
| The Huntington National Bank | $1,465,000 | n/a | 0.2% | |
| Sierra Pacific Mortgage Company, Inc. | $500,000 | $1,390,000 | 178.0% | 0.2% |
| LOANPAL, LLC | $2,305,000 | $1,375,000 | -40.3% | 0.2% |
| BETTER MORTGAGE CORPORATION | $5,840,000 | $1,370,000 | -76.5% | 0.2% |
| AMWEST FUNDING CORP. | $2,395,000 | $1,355,000 | -43.4% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $615,000 | $1,300,000 | 111.4% | 0.2% |
| Hometown Lenders, Inc. | $1,140,000 | $1,245,000 | 9.2% | 0.2% |
| FirstBank | $1,100,000 | $1,220,000 | 10.9% | 0.2% |
| JPMorgan Chase Bank | $2,965,000 | $1,195,000 | -59.7% | 0.2% |
| SECURITY HOME MORTGAGE, LLC. | $1,760,000 | $1,170,000 | -33.5% | 0.2% |
| Morgan Stanley Private Bank | $1,080,000 | n/a | 0.2% | |
| KeyBank | $1,600,000 | $1,055,000 | -34.1% | 0.2% |
| GUARANTEED RATE, INC. | $1,465,000 | $1,040,000 | -29.0% | 0.2% |
| BNC National Bank | $590,000 | $950,000 | 61.0% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $645,000 | $920,000 | 42.6% | 0.1% |
| Utah Power | $1,380,000 | $915,000 | -33.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $2,125,000 | $875,000 | -58.8% | 0.1% |
| RANLIFE, INC. | $3,900,000 | $830,000 | -78.7% | 0.1% |
| S1L, Inc. | $1,225,000 | $825,000 | -32.7% | 0.1% |
| University First Federal Credit Union | $315,000 | $795,000 | 152.4% | 0.1% |
| CASTLE & COOKE MORTGAGE, LLC | $1,415,000 | $775,000 | -45.2% | 0.1% |
| DIRECT MORTGAGE, CORP. | $1,595,000 | $770,000 | -51.7% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $770,000 | n/a | 0.1% | |
| Glacier Bank | $2,385,000 | $760,000 | -68.1% | 0.1% |
| UBS Bank USA | $735,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $315,000 | $715,000 | 127.0% | 0.1% |
| Plains Commerce Bank | $780,000 | $675,000 | -13.5% | 0.1% |
| MORIA DEVELOPMENT, INC. | $730,000 | $665,000 | -8.9% | 0.1% |
| Low VA Rates, LLC | $980,000 | $655,000 | -33.2% | 0.1% |
| Arvest Bank | $175,000 | $645,000 | 268.6% | 0.1% |
| Gateway First Bank | $430,000 | $645,000 | 50.0% | 0.1% |
| Goldwater Bank, N.A. | $645,000 | n/a | 0.1% | |
| Renasant Bank | $645,000 | n/a | 0.1% | |
| KELLER MORTGAGE, LLC | $235,000 | $635,000 | 170.2% | 0.1% |
| UTAH COMMUNITY | $2,070,000 | $615,000 | -70.3% | 0.1% |
| ALAMEDA MORTGAGE CORPORATION | $605,000 | n/a | 0.1% | |
| Bank of the West | $550,000 | n/a | 0.1% | |
| NBH Bank | $950,000 | $550,000 | -42.1% | 0.1% |
| First Guaranty Mortgage Corporation | $1,055,000 | $520,000 | -50.7% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,030,000 | $500,000 | -51.5% | 0.1% |
| Chicago Mortgage Solutions LLC | $1,015,000 | $490,000 | -51.7% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $785,000 | $475,000 | -39.5% | 0.1% |
| Network Funding, L.P. | $1,000,000 | $470,000 | -53.0% | 0.1% |
| MOUNTAIN WEST FINANCIAL, INC. | $695,000 | $465,000 | -33.1% | 0.1% |
| Axos Bank | $455,000 | n/a | 0.1% | |
| First National Bank Texas | $455,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $680,000 | $440,000 | -35.3% | 0.1% |
| Deseret First Credit Union | $380,000 | $435,000 | 14.5% | 0.1% |
| MANN FINANCIAL INC. | $375,000 | $435,000 | 16.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $480,000 | $420,000 | -12.5% | 0.1% |
| ATHAS CAPITAL GROUP, INC. | $420,000 | n/a | 0.1% | |
| Northpointe Bank | $680,000 | $420,000 | -38.2% | 0.1% |
| GENEVA FINANCIAL, LLC | $1,265,000 | $415,000 | -67.2% | 0.1% |
| North American Savings Bank, F.S.B. | $125,000 | $415,000 | 232.0% | 0.1% |
| Simmons Bank | $415,000 | n/a | 0.1% | |
| LOS ANGELES POLICE Federal Credit Union | $395,000 | n/a | 0.1% | |
| UTAH FIRST | $255,000 | $390,000 | 52.9% | 0.1% |
| Great Southern Bank | $385,000 | n/a | 0.1% | |
| M&T Bank | $235,000 | $380,000 | 61.7% | 0.1% |
| PNC Bank | $1,310,000 | $380,000 | -71.0% | 0.1% |
| Carrington Mortgage Services, LLC | $720,000 | $370,000 | -48.6% | 0.1% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $365,000 | n/a | 0.1% | |
| CROSSCOUNTRY MORTGAGE, LLC | $4,200,000 | $360,000 | -91.4% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $3,880,000 | $355,000 | -90.9% | 0.1% |
| The Federal Savings Bank | $4,030,000 | $355,000 | -91.2% | 0.1% |
| Citadel Servicing Corporation | $345,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $860,000 | $335,000 | -61.0% | 0.0% |
| Discover Bank | $35,000 | $330,000 | 842.9% | 0.0% |
| Neighborhood Loans, Inc. | $315,000 | n/a | 0.0% | |
| Citizens Bank | $840,000 | $305,000 | -63.7% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,145,000 | $305,000 | -73.4% | 0.0% |
| HomeStreet Bank | $295,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $295,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $265,000 | $295,000 | 11.3% | 0.0% |
| Blue Ridge Bank | $1,865,000 | $290,000 | -84.5% | 0.0% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $880,000 | $285,000 | -67.6% | 0.0% |
| The Bank of Commerce | $285,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $275,000 | n/a | 0.0% | |
| OCMBC, INC. | $275,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $280,000 | $275,000 | -1.8% | 0.0% |
| UNITED | $275,000 | n/a | 0.0% | |
| HighTechLending Inc | $230,000 | $265,000 | 15.2% | 0.0% |
| Firefighters First Federal Credit Union | $250,000 | n/a | 0.0% | |
| ONE NEVADA CREDIT UNION | $580,000 | $235,000 | -59.5% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $305,000 | $235,000 | -23.0% | 0.0% |
| Texana Bank | $265,000 | $235,000 | -11.3% | 0.0% |
| AXIA FINANCIAL, LLC | $645,000 | $225,000 | -65.1% | 0.0% |
| NFM, INC. | $225,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $165,000 | $215,000 | 30.3% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $770,000 | $215,000 | -72.1% | 0.0% |
| LENDINGONE, LLC | $205,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $335,000 | $195,000 | -41.8% | 0.0% |
| PINNACLE LENDING GROUP, INC. | $195,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $185,000 | n/a | 0.0% | |
| Utah Mortgage Loan Corporation | $595,000 | $185,000 | -68.9% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,195,000 | $155,000 | -87.0% | 0.0% |
| BM Real Estate Services, Inc. | $155,000 | n/a | 0.0% | |
| Nations Lending Corporation | $455,000 | $125,000 | -72.5% | 0.0% |
| Southwest Airlines Federal Credit Union | $125,000 | n/a | 0.0% | |
| UNIVERSITY CREDIT UNION | $95,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $745,000 | $85,000 | -88.6% | 0.0% |
| Gate City Bank | $215,000 | $85,000 | -60.5% | 0.0% |
| Jordan Federal Credit Union | $75,000 | n/a | 0.0% | |
| Service Federal Credit Union | $75,000 | n/a | 0.0% | |
| ALL IN | $55,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% |
Cedar City's top lender by overall market share is State Bank of Southern Utah, with 15.1% market share. In second place, with 9.6%, is MOUNTAIN AMERICA, having originated $64,310,000 in loans. In third place, with 7.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $47,500,000 in loans. In fourth place, with 6.3%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $42,345,000 in loans. In fifth place, with 5.1%, is ACADEMY MORTGAGE CORPORATION, having originated $34,250,000 in loans.
Cedar City Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Cedar City (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 | $257,675 (17.2%) | $313,487 (2.5%) | 0.00 | 422 |
| 2018-02-01 | $256,350 (16.3%) | $310,480 (-1.0%) | 0.00 | 444 |
| 2018-03-01 | $249,900 (11.8%) | $304,144 (0.3%) | 0.00 | 449 |
| 2018-04-01 | $253,150 (10.1%) | $314,585 (3.9%) | 0.00 | 472 |
| 2018-05-01 | $254,925 (8.5%) | $314,965 (3.0%) | 0.00 | 492 |
| 2018-06-01 | $265,000 (12.7%) | $326,910 (5.3%) | 0.00 | 510 |
| 2018-07-01 | $261,528 (13.7%) | $328,142 (8.4%) | 0.00 | 540 |
| 2018-08-01 | $255,400 (8.6%) | $329,951 (7.5%) | 0.00 | 514 |
| 2018-09-01 | $263,900 (10.2%) | $338,731 (8.8%) | 0.00 | 494 |
| 2018-10-01 | $249,950 (1.4%) | $326,220 (5.1%) | 0.00 | 482 |
| 2018-11-01 | $252,500 (1.0%) | $314,711 (3.6%) | 0.00 | 460 |
| 2018-12-01 | $249,900 (0.0%) | $306,059 (1.9%) | 0.00 | 437 |
| 2019-01-01 | $255,686 (-0.8%) | $313,952 (0.2%) | 0.00 | 413 |
| 2019-02-01 | $259,450 (1.2%) | $320,792 (3.3%) | 0.00 | 407 |
| 2019-03-01 | $257,043 (2.9%) | $316,006 (3.9%) | 0.00 | 421 |
| 2019-04-01 | $260,636 (3.0%) | $314,146 (-0.1%) | 0.00 | 429 |
| 2019-05-01 | $264,950 (3.9%) | $315,886 (0.3%) | 0.00 | 427 |
| 2019-06-01 | $250,000 (-5.7%) | $314,951 (-3.7%) | 0.00 | 484 |
| 2019-07-01 | $257,975 (-1.4%) | $319,027 (-2.8%) | 0.00 | 491 |
| 2019-08-01 | $259,600 (1.6%) | $320,805 (-2.8%) | 0.00 | 475 |
| 2019-09-01 | $259,825 (-1.5%) | $323,137 (-4.6%) | 0.00 | 450 |
| 2019-10-01 | $263,950 (5.6%) | $324,692 (-0.5%) | 0.00 | 435 |
| 2019-11-01 | $268,900 (6.5%) | $323,026 (2.6%) | 0.00 | 421 |
| 2019-12-01 | $267,500 (7.0%) | $324,673 (6.1%) | 0.00 | 419 |
| 2020-01-01 | $269,000 (5.2%) | $334,734 (6.6%) | 0.00 | 405 |
| 2020-02-01 | $275,000 (6.0%) | $340,510 (6.2%) | 0.00 | 353 |
| 2020-03-01 | $289,450 (12.6%) | $339,407 (7.4%) | 0.00 | 363 |
| 2020-04-01 | $289,925 (11.2%) | $337,676 (7.5%) | 0.00 | 395 |
| 2020-05-01 | $289,900 (9.4%) | $332,529 (5.3%) | 0.00 | 396 |
| 2020-06-01 | $289,821 (15.9%) | $329,614 (4.7%) | 0.00 | 384 |
| 2020-07-01 | $299,250 (16.0%) | $336,580 (5.5%) | 0.00 | 317 |
| 2020-08-01 | $339,000 (30.6%) | $411,999 (28.4%) | 0.00 | 245 |
| 2020-09-01 | $341,225 (31.3%) | $452,954 (40.2%) | 0.00 | 187 |
| 2020-10-01 | $336,950 (27.7%) | $463,225 (42.7%) | 0.00 | 162 |
| 2020-11-01 | $326,950 (21.6%) | $477,689 (47.9%) | 0.00 | 155 |
| 2020-12-01 | $346,250 (29.4%) | $486,574 (49.9%) | 0.00 | 145 |
| 2021-01-01 | $347,000 (29.0%) | $509,930 (52.3%) | 0.00 | 129 |
| 2021-02-01 | $349,950 (27.3%) | $530,863 (55.9%) | 0.00 | 113 |
| 2021-03-01 | $359,900 (24.3%) | $530,969 (56.4%) | 0.00 | 117 |
| 2021-04-01 | $371,725 (28.2%) | $528,486 (56.5%) | 0.00 | 116 |
| 2021-05-01 | $399,900 (37.9%) | $515,393 (55.0%) | 0.00 | 117 |
| 2021-06-01 | $417,450 (44.0%) | $545,215 (65.4%) | 0.00 | 138 |
| 2021-07-01 | $402,950 (34.7%) | $541,320 (60.8%) | 0.00 | 188 |
| 2021-08-01 | $412,450 (21.7%) | $555,276 (34.8%) | 0.00 | 181 |
| 2021-09-01 | $409,725 (20.1%) | $543,610 (20.0%) | 0.00 | 197 |
| 2021-10-01 | $419,900 (24.6%) | $549,857 (18.7%) | 0.00 | 177 |
| 2021-11-01 | $420,750 (28.7%) | $569,434 (19.2%) | 0.00 | 152 |
| 2021-12-01 | $427,725 (23.5%) | $552,931 (13.6%) | 0.00 | 144 |
| 2022-01-01 | $435,000 (25.4%) | $543,805 (6.6%) | 0.00 | 129 |
| 2022-02-01 | $478,500 (36.7%) | $566,653 (6.7%) | 0.00 | 141 |
| 2022-03-01 | $450,000 (25.0%) | $561,831 (5.8%) | 0.00 | 135 |
| 2022-04-01 | $484,450 (30.3%) | $577,227 (9.2%) | 0.00 | 188 |
| 2022-05-01 | $457,450 (14.4%) | $560,199 (8.7%) | 0.00 | 255 |
| 2022-06-01 | $445,750 (6.8%) | $561,489 (3.0%) | 0.00 | 349 |
| 2022-07-01 | $444,800 (10.4%) | $552,420 (2.1%) | 0.00 | 413 |
| 2022-08-01 | $439,975 (6.7%) | $549,498 (-1.0%) | 0.00 | 432 |
| 2022-09-01 | $457,500 (11.7%) | $554,580 (2.0%) | 0.00 | 410 |
| 2022-10-01 | $450,000 (7.2%) | $546,920 (-0.5%) | 0.00 | 385 |
| 2022-11-01 | $439,325 (4.4%) | $534,770 (-6.1%) | 0.00 | 376 |
| 2022-12-01 | $445,000 (4.0%) | $539,229 (-2.5%) | 0.00 | 353 |
| 2023-01-01 | $435,000 (0.0%) | $520,187 (-4.3%) | 0.00 | 308 |
| 2023-02-01 | $434,925 (-9.1%) | $521,626 (-8.0%) | 0.00 | 311 |
Cedar City's median listing price comes in at 0% of the national average.
Cedar City's average listing price for 2023-02-01 was $521,626, a difference of $-45,027 (-8.0%) versus the prior year and $1,439 versus the prior month.
For the 2023-02-01 period, Cedar City had 311 MLS listings, a difference of 3 listings (1%) versus the prior month and 170 listings (121%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cedar City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,089 sqft |
| 2018-02-01 | 0 days | 2,110 sqft |
| 2018-03-01 | 0 days | 2,080 sqft |
| 2018-04-01 | 0 days | 2,104 sqft |
| 2018-05-01 | 0 days | 2,083 sqft |
| 2018-06-01 | 0 days | 2,208 sqft |
| 2018-07-01 | 0 days | 2,106 sqft |
| 2018-08-01 | 0 days | 2,078 sqft |
| 2018-09-01 | 0 days | 2,145 sqft |
| 2018-10-01 | 0 days | 2,077 sqft |
| 2018-11-01 | 0 days | 2,086 sqft |
| 2018-12-01 | 0 days | 2,016 sqft |
| 2019-01-01 | 0 days | 2,084 sqft |
| 2019-02-01 | 0 days | 2,033 sqft |
| 2019-03-01 | 0 days | 1,958 sqft |
| 2019-04-01 | 0 days | 1,954 sqft |
| 2019-05-01 | 0 days | 1,909 sqft |
| 2019-06-01 | 0 days | 1,892 sqft |
| 2019-07-01 | 0 days | 1,868 sqft |
| 2019-08-01 | 0 days | 1,891 sqft |
| 2019-09-01 | 0 days | 1,880 sqft |
| 2019-10-01 | 0 days | 1,902 sqft |
| 2019-11-01 | 0 days | 1,954 sqft |
| 2019-12-01 | 0 days | 1,885 sqft |
| 2020-01-01 | 0 days | 1,898 sqft |
| 2020-02-01 | 0 days | 1,899 sqft |
| 2020-03-01 | 0 days | 1,901 sqft |
| 2020-04-01 | 0 days | 1,912 sqft |
| 2020-05-01 | 0 days | 1,855 sqft |
| 2020-06-01 | 0 days | 1,852 sqft |
| 2020-07-01 | 0 days | 1,961 sqft |
| 2020-08-01 | 0 days | 2,258 sqft |
| 2020-09-01 | 0 days | 2,267 sqft |
| 2020-10-01 | 0 days | 2,209 sqft |
| 2020-11-01 | 0 days | 2,089 sqft |
| 2020-12-01 | 0 days | 2,078 sqft |
| 2021-01-01 | 0 days | 1,899 sqft |
| 2021-02-01 | 0 days | 1,939 sqft |
| 2021-03-01 | 0 days | 2,030 sqft |
| 2021-04-01 | 0 days | 2,017 sqft |
| 2021-05-01 | 0 days | 1,983 sqft |
| 2021-06-01 | 0 days | 2,308 sqft |
| 2021-07-01 | 0 days | 2,095 sqft |
| 2021-08-01 | 0 days | 1,938 sqft |
| 2021-09-01 | 0 days | 1,957 sqft |
| 2021-10-01 | 0 days | 1,810 sqft |
| 2021-11-01 | 0 days | 1,809 sqft |
| 2021-12-01 | 0 days | 1,827 sqft |
| 2022-01-01 | 0 days | 1,843 sqft |
| 2022-02-01 | 0 days | 1,904 sqft |
| 2022-03-01 | 0 days | 1,909 sqft |
| 2022-04-01 | 0 days | 1,927 sqft |
| 2022-05-01 | 0 days | 1,815 sqft |
| 2022-06-01 | 0 days | 1,831 sqft |
| 2022-07-01 | 0 days | 1,824 sqft |
| 2022-08-01 | 0 days | 1,878 sqft |
| 2022-09-01 | 0 days | 1,984 sqft |
| 2022-10-01 | 0 days | 1,950 sqft |
| 2022-11-01 | 0 days | 1,919 sqft |
| 2022-12-01 | 0 days | 1,880 sqft |
| 2023-01-01 | 0 days | 1,842 sqft |
| 2023-02-01 | 0 days | 1,827 sqft |
Cedar City's median square footage for active listings during the 2023-02-01 period was 1,827 sqft. One year prior, the average listing was 1,904 sqft.
Cedar City, UT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,220 | $413,990,000 | $339,336 |
| Cash Out Refi | 392 | $106,140,000 | $270,765 |
| Refi | 347 | $86,495,000 | $249,265 |
| Home Improvement | 327 | $31,795,000 | $97,232 |
| Other | 257 | $34,075,000 | $132,588 |
Cedar City's most frequently cited loan purpose was Home Purchase, with 1,220 originations. The 2nd most popular reason was Cash Out Refi, with 392 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 638 | $171,990,000 | $269,577 |
| 4-5% | 626 | $176,140,000 | $281,374 |
| 5-6% | 584 | $176,590,000 | $302,380 |
| 6-7% | 316 | $73,290,000 | $231,930 |
| 7-8% | 126 | $19,750,000 | $156,746 |
| 2.5-3% | 117 | $30,485,000 | $260,556 |
| <2.5% | 78 | $18,710,000 | $239,872 |
| Over 8% | 54 | $4,350,000 | $80,556 |
During 2022, Cedar City's most frequently originated rate bucket was 3-4%, with 638 originations.
Loan Sizing (Cedar City, UT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,146 | $330,390,000 | $288,298 |
| $100,000 or less | 522 | $27,900,000 | $53,448 |
| $100k-200k | 443 | $66,505,000 | $150,124 |
| $400k-600k | 338 | $157,450,000 | $465,828 |
| $600k-1000k | 83 | $56,825,000 | $684,639 |
| $Over $1MM | 11 | $33,425,000 | $3,038,636 |
Cedar City's loan sizing saw the bucket of loans from $200k-400k with 1,146 originations, totaling $330,390,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 664 | $244,100,000 | $367,620 |
| 80-100% | 641 | $231,665,000 | $361,412 |
| Under 20% | 477 | $27,895,000 | $58,480 |
| 40-60% | 391 | $102,955,000 | $263,312 |
| 20-40% | 337 | $52,895,000 | $156,958 |
| Over 100% | 26 | $10,910,000 | $419,615 |
Cedar City's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 664 originations, totaling $244,100,000 in origination value.