Faribault - Northfield Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Faribault - Northfield averaged
7.1%
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
7.09% and
one month ago for the week of 2023-08-17, the
average rate was 7%.
Faribault - Northfield's average rate one year ago was 5.63%.
For refis of the same type during the week of 2023-09-21, the average rate
was 5.98%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
| Faribault - Northfield 30 Year Fixed Rate | 2023-09-21 | 7.1% |
| Faribault - Northfield 30 Year Fixed Rate Refi | 2023-09-21 | 5.98% |
| Faribault - Northfield 15 Year Fixed Rate | 2023-09-21 | 6.34% |
| Faribault - Northfield 15 Year Fixed Rate Refi | 2023-09-21 | 6.84% |
| Faribault - Northfield 30 Year FHA | 2023-09-21 | 6.74% |
| Faribault - Northfield 30 Year FHA Refi | 2023-09-21 | 7.04% |
| Faribault - Northfield 30 Year USDA | 2023-09-21 | 7.22% |
| Faribault - Northfield 30 Year USDA Refi | 2023-09-21 | 6.92% |
| Faribault - Northfield 30 Year VA | 2023-09-21 | 7.02% |
| Faribault - Northfield 30 Year VA Refi | 2023-09-21 | 6.62% |
Faribault - Northfield 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 Faribault-Northfield, 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.).
Faribault - Northfield Average Closing Costs & Other Stats
Faribault-Northfield, MN's 98 lenders originated 1,488
loans during 2022. The total origination value was $361,770,000, with an average loan value of
$243,125.
Faribault - Northfield's average closing costs are $4,848.
The top Faribault - Northfield lender as defined by loan originations is Wells Fargo Bank, with
76 loans originated. Their average total fees are
$4,087, which is $2,222
lower than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Faribault - Northfield lenders (with over 10 loans originated) are
WINGS FINANCIAL ($3,186), U.S. Bank ($3,583), TRUSTONE FINANCIAL FEDERAL CREDIT UNION ($3,842), AFFINITY PLUS ($4,074) and Wells Fargo Bank ($4,087).
The lowest rate Faribault - Northfield lenders (with over 10 loans originated) are
Wells Fargo Bank (4.29%), WINGS FINANCIAL (4.30%), LOANDEPOT.COM, LLC (4.36%), PENNYMAC LOAN SERVICES, LLC (4.42%) and Frandsen Bank & Trust (4.65%).
Faribault-Northfield, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Merchants Bank | $20,185,000 | $28,650,000 | 41.9% | 7.9% |
| Wells Fargo Bank | $50,535,000 | $24,150,000 | -52.2% | 6.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $32,380,000 | $18,030,000 | -44.3% | 5.0% |
| WINGS FINANCIAL | $19,850,000 | $17,135,000 | -13.7% | 4.7% |
| GUARANTEED RATE, INC. | $33,120,000 | $15,235,000 | -54.0% | 4.2% |
| QUICKEN LOANS, LLC | $40,795,000 | $14,485,000 | -64.5% | 4.0% |
| Bell Bank | $30,240,000 | $13,235,000 | -56.2% | 3.7% |
| Frandsen Bank & Trust | $21,615,000 | $11,725,000 | -45.8% | 3.2% |
| LOANDEPOT.COM, LLC | $23,130,000 | $10,665,000 | -53.9% | 2.9% |
| The State Bank of Faribault | $25,110,000 | $10,210,000 | -59.3% | 2.8% |
| AFFINITY PLUS | $19,645,000 | $9,910,000 | -49.6% | 2.7% |
| Prosperity Home Mortgage, LLC | $16,430,000 | $8,615,000 | -47.6% | 2.4% |
| PENNYMAC LOAN SERVICES, LLC | $16,450,000 | $7,780,000 | -52.7% | 2.2% |
| U.S. Bank | $14,535,000 | $7,745,000 | -46.7% | 2.1% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $11,040,000 | $7,050,000 | -36.1% | 1.9% |
| American Mortgage & Equity Consultants, Inc. | $6,530,000 | $6,950,000 | 6.4% | 1.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $15,205,000 | $6,845,000 | -55.0% | 1.9% |
| Community Resource Bank | $13,250,000 | $6,600,000 | -50.2% | 1.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,870,000 | $6,590,000 | -25.7% | 1.8% |
| Grandbridge Real Estate Capital LLC | $6,045,000 | n/a | 1.7% | |
| Goldwater Bank, N.A. | $2,820,000 | $4,465,000 | 58.3% | 1.2% |
| BROKER SOLUTIONS, INC. | $6,220,000 | $4,230,000 | -32.0% | 1.2% |
| SPIRE Credit Union | $675,000 | $3,820,000 | 465.9% | 1.1% |
| Minnwest Bank | $9,325,000 | $3,380,000 | -63.8% | 0.9% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $6,410,000 | $3,360,000 | -47.6% | 0.9% |
| COMPEER FINANCIAL, FLCA | $6,830,000 | $3,350,000 | -51.0% | 0.9% |
| Flagstar Bank, FSB | $5,015,000 | $3,315,000 | -33.9% | 0.9% |
| TOWNE MORTGAGE COMPANY | $8,650,000 | $3,255,000 | -62.4% | 0.9% |
| Alerus Financial | $3,620,000 | $2,925,000 | -19.2% | 0.8% |
| Cambria Financial Group, LLC | $3,605,000 | $2,750,000 | -23.7% | 0.8% |
| Tradition Mortgage, LLC | $9,170,000 | $2,580,000 | -71.9% | 0.7% |
| Mortgage Research Center, LLC | $5,310,000 | $2,450,000 | -53.9% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $12,395,000 | $2,400,000 | -80.6% | 0.7% |
| Summit Mortgage Corporation | $2,880,000 | $2,315,000 | -19.6% | 0.6% |
| Bremer Bank | $16,375,000 | $2,170,000 | -86.7% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,505,000 | $2,110,000 | -61.7% | 0.6% |
| JPMorgan Chase Bank | $3,205,000 | $2,095,000 | -34.6% | 0.6% |
| NEWREZ LLC | $4,845,000 | $2,045,000 | -57.8% | 0.6% |
| Bridgewater Bank | $5,670,000 | $1,975,000 | -65.2% | 0.5% |
| Arbor Realty Trust, Inc. | $1,905,000 | n/a | 0.5% | |
| BAY EQUITY LLC | $4,030,000 | $1,800,000 | -55.3% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $1,565,000 | $1,755,000 | 12.1% | 0.5% |
| PLAZA HOME MORTGAGE, INC. | $3,130,000 | $1,640,000 | -47.6% | 0.5% |
| AXIA FINANCIAL, LLC | $4,960,000 | $1,540,000 | -69.0% | 0.4% |
| HIWAY | $955,000 | $1,525,000 | 59.7% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $2,795,000 | $1,470,000 | -47.4% | 0.4% |
| Royal Credit Union | $810,000 | $1,365,000 | 68.5% | 0.4% |
| CALIBER HOME LOANS, INC. | $4,625,000 | $1,350,000 | -70.8% | 0.4% |
| First Bank & Trust | $6,430,000 | $1,345,000 | -79.1% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $2,030,000 | $1,330,000 | -34.5% | 0.4% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,840,000 | $1,320,000 | -28.3% | 0.4% |
| Carrington Mortgage Services, LLC | $1,350,000 | $1,320,000 | -2.2% | 0.4% |
| Citizens Bank Minnesota | $1,520,000 | $1,295,000 | -14.8% | 0.4% |
| HOME POINT FINANCIAL CORPORATION | $2,500,000 | $1,240,000 | -50.4% | 0.3% |
| EVERETT FINANCIAL, INC. | $1,770,000 | $1,230,000 | -30.5% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $5,585,000 | $1,170,000 | -79.1% | 0.3% |
| Citizens Community Federal | $960,000 | $1,165,000 | 21.4% | 0.3% |
| The First National Bank of Le Center | $1,085,000 | $1,070,000 | -1.4% | 0.3% |
| Bank of England | $860,000 | $1,020,000 | 18.6% | 0.3% |
| Community Bank Mankato | $1,010,000 | n/a | 0.3% | |
| Cornerstone State Bank | $1,660,000 | $965,000 | -41.9% | 0.3% |
| Associated Bank | $505,000 | $905,000 | 79.2% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $4,140,000 | $895,000 | -78.4% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $4,840,000 | $875,000 | -81.9% | 0.2% |
| Citizens Bank | $870,000 | n/a | 0.2% | |
| Lend Smart Mortgage, LLC | $2,915,000 | $865,000 | -70.3% | 0.2% |
| MANN FINANCIAL INC. | $815,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $1,300,000 | $805,000 | -38.1% | 0.2% |
| The Huntington National Bank | $300,000 | $775,000 | 158.3% | 0.2% |
| ALTRA | $410,000 | $770,000 | 87.8% | 0.2% |
| Servion, Inc. | $475,000 | $760,000 | 60.0% | 0.2% |
| HomePromise Corporation | $715,000 | n/a | 0.2% | |
| ENVOY MORTGAGE, LTD | $2,075,000 | $700,000 | -66.3% | 0.2% |
| Coulee Bank | $1,435,000 | $660,000 | -54.0% | 0.2% |
| CMG MORTGAGE, INC. | $1,865,000 | $645,000 | -65.4% | 0.2% |
| First National Bank | $825,000 | $620,000 | -24.8% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $2,460,000 | $615,000 | -75.0% | 0.2% |
| Ally Bank | $580,000 | n/a | 0.2% | |
| RESULTS MORTGAGE, LLC | $580,000 | $530,000 | -8.6% | 0.1% |
| Choice Financial Group | $185,000 | $505,000 | 173.0% | 0.1% |
| CORTRUST MORTGAGE, INC. | $185,000 | $505,000 | 173.0% | 0.1% |
| Plains Commerce Bank | $4,380,000 | $500,000 | -88.6% | 0.1% |
| First Federal Bank | $920,000 | $490,000 | -46.7% | 0.1% |
| CITY-COUNTY CREDIT UNION | $485,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $470,000 | n/a | 0.1% | |
| Bank of America | $1,805,000 | $470,000 | -74.0% | 0.1% |
| Northpointe Bank | $455,000 | $455,000 | 0.0% | 0.1% |
| PLANET HOME LENDING, LLC | $285,000 | $455,000 | 59.6% | 0.1% |
| HomeTown Bank | $750,000 | $440,000 | -41.3% | 0.1% |
| University of Wisconsin Credit Union | $440,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $500,000 | $425,000 | -15.0% | 0.1% |
| BMO Harris Bank | $735,000 | $420,000 | -42.9% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $580,000 | $415,000 | -28.4% | 0.1% |
| Alliance Bank | $75,000 | $405,000 | 440.0% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $405,000 | n/a | 0.1% | |
| Discover Bank | $185,000 | $400,000 | 116.2% | 0.1% |
| Dacotah Bank | $395,000 | n/a | 0.1% | |
| UBS Bank USA | $395,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $165,000 | $385,000 | 133.3% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,035,000 | $380,000 | -87.5% | 0.1% |
| Morgan Stanley Private Bank | $375,000 | n/a | 0.1% | |
| Armed Forces Bank | $225,000 | $365,000 | 62.2% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,430,000 | $365,000 | -74.5% | 0.1% |
| MY Credit Union | $245,000 | $365,000 | 49.0% | 0.1% |
| Mortgages Unlimited Inc. | $2,035,000 | $350,000 | -82.8% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $720,000 | $350,000 | -51.4% | 0.1% |
| Hometown Lenders, Inc. | $1,275,000 | $345,000 | -72.9% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $335,000 | n/a | 0.1% | |
| Home Loan Investment Bank, F.S.B. | $335,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $505,000 | $320,000 | -36.6% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $315,000 | n/a | 0.1% | |
| Deere Employees Credit Union | $310,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $825,000 | $310,000 | -62.4% | 0.1% |
| Chicago Mortgage Solutions LLC | $695,000 | $305,000 | -56.1% | 0.1% |
| Deerwood Bank | $325,000 | $305,000 | -6.2% | 0.1% |
| FirstBank | $295,000 | n/a | 0.1% | |
| MARINE | $280,000 | n/a | 0.1% | |
| CRESCENT MORTGAGE COMPANY | $155,000 | $275,000 | 77.4% | 0.1% |
| Heartland Credit Union | $25,000 | $275,000 | 1,000.0% | 0.1% |
| IOWA BANKERS MORTGAGE CORPORATION | $715,000 | $275,000 | -61.5% | 0.1% |
| Sunflower Bank | $455,000 | $275,000 | -39.6% | 0.1% |
| LOANFLIGHT LENDING, LLC | $265,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $265,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $1,215,000 | $265,000 | -78.2% | 0.1% |
| KELLER MORTGAGE, LLC | $1,425,000 | $255,000 | -82.1% | 0.1% |
| Old National Bank | $1,810,000 | $250,000 | -86.2% | 0.1% |
| EMBRACE HOME LOANS, INC. | $185,000 | $245,000 | 32.4% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,695,000 | $245,000 | -85.5% | 0.1% |
| SIRVA MORTGAGE, INC. | $275,000 | $245,000 | -10.9% | 0.1% |
| Strong Home Mortgage, LLC | $295,000 | $225,000 | -23.7% | 0.1% |
| Vermillion State Bank | $225,000 | n/a | 0.1% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $220,000 | n/a | 0.1% | |
| First Guaranty Mortgage Corporation | $440,000 | $215,000 | -51.1% | 0.1% |
| First Savings Bank | $520,000 | $215,000 | -58.7% | 0.1% |
| GENISYS | $865,000 | $215,000 | -75.1% | 0.1% |
| Liberty Bank Minnesota | $460,000 | $215,000 | -53.3% | 0.1% |
| SHAREPOINT CREDIT UNION | $535,000 | $215,000 | -59.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $215,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $260,000 | $205,000 | -21.2% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,215,000 | $205,000 | -83.1% | 0.1% |
| Assurance Financial Group, L.L.C. | $415,000 | $205,000 | -50.6% | 0.1% |
| Ixonia Bank | $395,000 | $205,000 | -48.1% | 0.1% |
| Home Federal Savings Bank | $750,000 | $200,000 | -73.3% | 0.1% |
| PNC Bank | $385,000 | $200,000 | -48.1% | 0.1% |
| CITIZENS EQUITY FIRST | $195,000 | n/a | 0.1% | |
| NP, Inc. | $195,000 | n/a | 0.1% | |
| The Federal Savings Bank | $745,000 | $195,000 | -73.8% | 0.1% |
| DATA MORTGAGE, INC. | $185,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $185,000 | n/a | 0.1% | |
| Starion Bank | $185,000 | n/a | 0.1% | |
| Watermark Capital, Inc. | $175,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $470,000 | $165,000 | -64.9% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| BUILDING TRADES FEDERAL CREDIT UNION | $140,000 | n/a | 0.0% | |
| TOPLINE FEDERAL CREDIT UNION | $920,000 | $140,000 | -84.8% | 0.0% |
| Lake Elmo Bank | $135,000 | n/a | 0.0% | |
| UNITED | $135,000 | n/a | 0.0% | |
| Associated Healthcare Credit Union | $75,000 | $130,000 | 73.3% | 0.0% |
| American National Bank | $125,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $125,000 | n/a | 0.0% | |
| Think Mutual Bank | $1,910,000 | $120,000 | -93.7% | 0.0% |
| American Investors Bank and Mortgage | $75,000 | $110,000 | 46.7% | 0.0% |
| PHH Mortgage Corporation | $630,000 | $105,000 | -83.3% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $610,000 | $90,000 | -85.2% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $35,000 | $75,000 | 114.3% | 0.0% |
| Figure Lending LLC | $145,000 | $65,000 | -55.2% | 0.0% |
| VERVE, A CREDIT UNION | $65,000 | n/a | 0.0% | |
| Centier Bank | $55,000 | n/a | 0.0% | |
| Citywide Banks | $45,000 | n/a | 0.0% | |
| Great Southern Bank | $45,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $35,000 | n/a | 0.0% | |
| WESTconsin Credit Union | $540,000 | $35,000 | -93.5% | 0.0% |
| CLEARPOINTE CAPITAL, LLC | $295,000 | $25,000 | -91.5% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $25,000 | n/a | 0.0% |
Faribault - Northfield's top lender by overall market share is Merchants Bank, with 7.9% market share. In second place, with 6.7%, is Wells Fargo Bank, having originated $24,150,000 in loans. In third place, with 5.0%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $18,030,000 in loans. In fourth place, with 4.7%, is WINGS FINANCIAL, having originated $17,135,000 in loans. In fifth place, with 4.2%, is GUARANTEED RATE, INC., having originated $15,235,000 in loans.
Faribault - Northfield Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Faribault - Northfield (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 | $247,450 (-9.1%) | $272,411 (-9.4%) | 0.00 | 129 |
| 2018-02-01 | $249,950 (-6.9%) | $275,026 (-10.3%) | 0.00 | 134 |
| 2018-03-01 | $262,400 (-5.2%) | $291,092 (-2.7%) | 0.00 | 142 |
| 2018-04-01 | $281,000 (2.2%) | $311,591 (3.2%) | 0.00 | 149 |
| 2018-05-01 | $282,475 (2.7%) | $309,880 (1.7%) | 0.00 | 177 |
| 2018-06-01 | $292,500 (5.9%) | $313,008 (4.8%) | 0.00 | 188 |
| 2018-07-01 | $289,234 (5.2%) | $315,517 (5.4%) | 0.00 | 208 |
| 2018-08-01 | $289,625 (7.3%) | $316,251 (6.1%) | 0.00 | 197 |
| 2018-09-01 | $284,894 (5.9%) | $312,130 (1.8%) | 0.00 | 190 |
| 2018-10-01 | $289,800 (7.4%) | $314,610 (6.1%) | 0.00 | 194 |
| 2018-11-01 | $283,625 (6.1%) | $310,705 (6.0%) | 0.00 | 188 |
| 2018-12-01 | $289,500 (14.0%) | $310,311 (10.7%) | 0.00 | 177 |
| 2019-01-01 | $294,925 (19.2%) | $321,343 (18.0%) | 0.00 | 162 |
| 2019-02-01 | $309,950 (24.0%) | $342,407 (24.5%) | 0.00 | 154 |
| 2019-03-01 | $306,550 (16.8%) | $337,852 (16.1%) | 0.00 | 165 |
| 2019-04-01 | $302,425 (7.6%) | $325,908 (4.6%) | 0.00 | 177 |
| 2019-05-01 | $289,900 (2.6%) | $318,162 (2.7%) | 0.00 | 187 |
| 2019-06-01 | $289,900 (-0.9%) | $325,283 (3.9%) | 0.00 | 209 |
| 2019-07-01 | $294,950 (2.0%) | $335,044 (6.2%) | 0.00 | 224 |
| 2019-08-01 | $294,391 (1.7%) | $338,608 (7.1%) | 0.00 | 222 |
| 2019-09-01 | $286,240 (0.5%) | $336,057 (7.7%) | 0.00 | 220 |
| 2019-10-01 | $277,450 (-4.3%) | $331,419 (5.3%) | 0.00 | 219 |
| 2019-11-01 | $274,900 (-3.1%) | $319,256 (2.8%) | 0.00 | 217 |
| 2019-12-01 | $276,053 (-4.6%) | $325,550 (4.9%) | 0.00 | 177 |
| 2020-01-01 | $283,250 (-4.0%) | $329,842 (2.6%) | 0.00 | 153 |
| 2020-02-01 | $310,000 (0.0%) | $338,447 (-1.2%) | 0.00 | 163 |
| 2020-03-01 | $313,400 (2.2%) | $342,825 (1.5%) | 0.00 | 161 |
| 2020-04-01 | $307,175 (1.6%) | $335,580 (3.0%) | 0.00 | 174 |
| 2020-05-01 | $299,950 (3.5%) | $337,304 (6.0%) | 0.00 | 180 |
| 2020-06-01 | $299,400 (3.3%) | $333,120 (2.4%) | 0.00 | 181 |
| 2020-07-01 | $312,675 (6.0%) | $349,511 (4.3%) | 0.00 | 160 |
| 2020-08-01 | $307,801 (4.6%) | $356,037 (5.2%) | 0.00 | 157 |
| 2020-09-01 | $313,225 (9.4%) | $355,483 (5.8%) | 0.00 | 163 |
| 2020-10-01 | $302,900 (9.2%) | $352,857 (6.5%) | 0.00 | 160 |
| 2020-11-01 | $310,975 (13.1%) | $349,367 (9.4%) | 0.00 | 118 |
| 2020-12-01 | $300,000 (8.7%) | $343,807 (5.6%) | 0.00 | 89 |
| 2021-01-01 | $319,900 (12.9%) | $358,105 (8.6%) | 0.00 | 79 |
| 2021-02-01 | $331,553 (7.0%) | $381,386 (12.7%) | 0.00 | 71 |
| 2021-03-01 | $343,400 (9.6%) | $378,905 (10.5%) | 0.00 | 82 |
| 2021-04-01 | $346,000 (12.6%) | $375,486 (11.9%) | 0.00 | 84 |
| 2021-05-01 | $349,900 (16.7%) | $381,215 (13.0%) | 0.00 | 95 |
| 2021-06-01 | $350,300 (17.0%) | $391,006 (17.4%) | 0.00 | 111 |
| 2021-07-01 | $349,900 (11.9%) | $391,321 (12.0%) | 0.00 | 112 |
| 2021-08-01 | $347,500 (12.9%) | $387,248 (8.8%) | 0.00 | 119 |
| 2021-09-01 | $329,990 (5.4%) | $361,809 (1.8%) | 0.00 | 127 |
| 2021-10-01 | $344,900 (13.9%) | $384,716 (9.0%) | 0.00 | 136 |
| 2021-11-01 | $348,730 (12.1%) | $392,593 (12.4%) | 0.00 | 119 |
| 2021-12-01 | $361,150 (20.4%) | $405,552 (18.0%) | 0.00 | 110 |
| 2022-01-01 | $382,400 (19.5%) | $439,380 (22.7%) | 0.00 | 90 |
| 2022-02-01 | $395,230 (19.2%) | $438,436 (15.0%) | 0.00 | 84 |
| 2022-03-01 | $399,610 (16.4%) | $446,177 (17.8%) | 0.00 | 82 |
| 2022-04-01 | $405,307 (17.1%) | $455,909 (21.4%) | 0.00 | 86 |
| 2022-05-01 | $404,650 (15.7%) | $478,955 (25.6%) | 0.00 | 107 |
| 2022-06-01 | $409,425 (16.9%) | $465,974 (19.2%) | 0.00 | 126 |
| 2022-07-01 | $405,307 (15.8%) | $467,898 (19.6%) | 0.00 | 128 |
| 2022-08-01 | $413,527 (19.0%) | $480,185 (24.0%) | 0.00 | 139 |
| 2022-09-01 | $397,900 (20.6%) | $469,071 (29.7%) | 0.00 | 139 |
| 2022-10-01 | $399,900 (16.0%) | $464,982 (20.9%) | 0.00 | 141 |
| 2022-11-01 | $396,675 (13.8%) | $456,346 (16.2%) | 0.00 | 136 |
| 2022-12-01 | $399,900 (10.7%) | $456,811 (12.6%) | 0.00 | 120 |
| 2023-01-01 | $410,150 (7.3%) | $469,560 (6.9%) | 0.00 | 100 |
| 2023-02-01 | $421,900 (6.8%) | $506,659 (15.6%) | 0.00 | 89 |
| 2023-03-01 | $424,700 (6.3%) | $521,196 (16.8%) | 0.00 | 84 |
| 2023-04-01 | $427,950 (5.6%) | $505,645 (10.9%) | 0.00 | 75 |
| 2023-05-01 | $433,314 (7.1%) | $523,650 (9.3%) | 0.00 | 84 |
| 2023-06-01 | $429,675 (5.0%) | $523,720 (12.4%) | 0.00 | 97 |
| 2023-07-01 | $433,314 (6.9%) | $514,434 (10.0%) | 0.00 | 100 |
| 2023-08-01 | $429,422 (3.8%) | $500,781 (4.3%) | 0.00 | 106 |
Faribault - Northfield's median listing price comes in at 0% of the national average.
Faribault - Northfield's average listing price for 2023-08-01 was $500,781, a difference of $20,596 (4.3%) versus the prior year and $-13,653 versus the prior month.
For the 2023-08-01 period, Faribault - Northfield had 106 MLS listings, a difference of 6 listings (6%) versus the prior month and -33 listings (-24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Faribault - Northfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,814 sqft |
| 2018-02-01 | 0 days | 1,807 sqft |
| 2018-03-01 | 0 days | 1,935 sqft |
| 2018-04-01 | 0 days | 1,949 sqft |
| 2018-05-01 | 0 days | 1,971 sqft |
| 2018-06-01 | 0 days | 2,115 sqft |
| 2018-07-01 | 0 days | 2,063 sqft |
| 2018-08-01 | 0 days | 2,065 sqft |
| 2018-09-01 | 0 days | 2,092 sqft |
| 2018-10-01 | 0 days | 1,995 sqft |
| 2018-11-01 | 0 days | 1,975 sqft |
| 2018-12-01 | 0 days | 1,940 sqft |
| 2019-01-01 | 0 days | 1,958 sqft |
| 2019-02-01 | 0 days | 2,026 sqft |
| 2019-03-01 | 0 days | 2,029 sqft |
| 2019-04-01 | 0 days | 2,020 sqft |
| 2019-05-01 | 0 days | 2,014 sqft |
| 2019-06-01 | 0 days | 2,041 sqft |
| 2019-07-01 | 0 days | 2,041 sqft |
| 2019-08-01 | 0 days | 2,022 sqft |
| 2019-09-01 | 0 days | 1,993 sqft |
| 2019-10-01 | 0 days | 1,968 sqft |
| 2019-11-01 | 0 days | 1,947 sqft |
| 2019-12-01 | 0 days | 1,880 sqft |
| 2020-01-01 | 0 days | 1,862 sqft |
| 2020-02-01 | 0 days | 1,911 sqft |
| 2020-03-01 | 0 days | 1,982 sqft |
| 2020-04-01 | 0 days | 1,925 sqft |
| 2020-05-01 | 0 days | 1,958 sqft |
| 2020-06-01 | 0 days | 1,897 sqft |
| 2020-07-01 | 0 days | 1,903 sqft |
| 2020-08-01 | 0 days | 1,895 sqft |
| 2020-09-01 | 0 days | 1,911 sqft |
| 2020-10-01 | 0 days | 1,855 sqft |
| 2020-11-01 | 0 days | 1,852 sqft |
| 2020-12-01 | 0 days | 1,760 sqft |
| 2021-01-01 | 0 days | 1,750 sqft |
| 2021-02-01 | 0 days | 1,799 sqft |
| 2021-03-01 | 0 days | 1,869 sqft |
| 2021-04-01 | 0 days | 1,847 sqft |
| 2021-05-01 | 0 days | 1,851 sqft |
| 2021-06-01 | 0 days | 1,982 sqft |
| 2021-07-01 | 0 days | 1,953 sqft |
| 2021-08-01 | 0 days | 1,947 sqft |
| 2021-09-01 | 0 days | 1,825 sqft |
| 2021-10-01 | 0 days | 1,832 sqft |
| 2021-11-01 | 0 days | 1,897 sqft |
| 2021-12-01 | 0 days | 1,825 sqft |
| 2022-01-01 | 0 days | 1,962 sqft |
| 2022-02-01 | 0 days | 2,653 sqft |
| 2022-03-01 | 0 days | 2,584 sqft |
| 2022-04-01 | 0 days | 2,633 sqft |
| 2022-05-01 | 0 days | 1,933 sqft |
| 2022-06-01 | 0 days | 2,089 sqft |
| 2022-07-01 | 0 days | 2,100 sqft |
| 2022-08-01 | 0 days | 2,157 sqft |
| 2022-09-01 | 0 days | 2,144 sqft |
| 2022-10-01 | 0 days | 2,160 sqft |
| 2022-11-01 | 0 days | 1,995 sqft |
| 2022-12-01 | 0 days | 1,927 sqft |
| 2023-01-01 | 0 days | 2,016 sqft |
| 2023-02-01 | 0 days | 1,954 sqft |
| 2023-03-01 | 0 days | 2,026 sqft |
| 2023-04-01 | 0 days | 2,051 sqft |
| 2023-05-01 | 0 days | 2,178 sqft |
| 2023-06-01 | 0 days | 2,105 sqft |
| 2023-07-01 | 0 days | 2,079 sqft |
| 2023-08-01 | 0 days | 2,047 sqft |
Faribault - Northfield's median square footage for active listings during the 2023-08-01 period was 2,047 sqft. One year prior, the average listing was 2,157 sqft.
Faribault-Northfield, MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 806 | $249,370,000 | $309,392 |
| Refi | 240 | $40,160,000 | $167,333 |
| Cash Out Refi | 224 | $52,290,000 | $233,438 |
| Home Improvement | 135 | $12,755,000 | $94,481 |
| Other | 83 | $7,195,000 | $86,687 |
Faribault - Northfield's most frequently cited loan purpose was Home Purchase, with 806 originations. The 2nd most popular reason was Refi, with 240 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 352 | $98,320,000 | $279,318 |
| 5-6% | 334 | $75,550,000 | $226,198 |
| 3-4% | 320 | $93,580,000 | $292,438 |
| 6-7% | 165 | $34,855,000 | $211,242 |
| 2.5-3% | 107 | $19,495,000 | $182,196 |
| <2.5% | 60 | $8,040,000 | $134,000 |
| 7-8% | 34 | $6,650,000 | $195,588 |
| Over 8% | 19 | $1,435,000 | $75,526 |
During 2022, Faribault - Northfield's most frequently originated rate bucket was 4-5%, with 352 originations.
Loan Sizing (Faribault-Northfield, MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 609 | $169,555,000 | $278,415 |
| $100k-200k | 410 | $63,600,000 | $155,122 |
| $100,000 or less | 324 | $15,530,000 | $47,932 |
| $400k-600k | 114 | $53,890,000 | $472,719 |
| $600k-1000k | 21 | $14,455,000 | $688,333 |
| $Over $1MM | 10 | $44,740,000 | $4,474,000 |
Faribault - Northfield's loan sizing saw the bucket of loans from $200k-400k with 609 originations, totaling $169,555,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 517 | $168,205,000 | $325,348 |
| 60-80% | 335 | $101,525,000 | $303,060 |
| Under 20% | 240 | $16,550,000 | $68,958 |
| 40-60% | 152 | $30,580,000 | $201,184 |
| 20-40% | 136 | $15,970,000 | $117,426 |
| Over 100% | 14 | $4,690,000 | $335,000 |
Faribault - Northfield's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 517 originations, totaling $168,205,000 in origination value.