Faribault - Northfield 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 Faribault - Northfield averaged 6.46% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.55% and one month ago for the week of 2024-11-07, the average rate was 6.65%.

    Faribault - Northfield's average rate one year ago was 6.69%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.8%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Faribault - Northfield 30 Year Fixed Rate 2024-12-12 6.46%
    Faribault - Northfield 30 Year Fixed Rate Refi 2024-12-12 6.8%
    Faribault - Northfield 15 Year Fixed Rate 2024-12-12 5.94%
    Faribault - Northfield 15 Year Fixed Rate Refi 2024-12-12 5.94%
    Faribault - Northfield 30 Year FHA 2024-12-12 6.39%
    Faribault - Northfield 30 Year FHA Refi 2024-12-12 6.28%
    Faribault - Northfield 30 Year USDA 2024-12-12 6.3%
    Faribault - Northfield 30 Year USDA Refi 2024-12-12 6.4%
    Faribault - Northfield 30 Year VA 2024-12-12 6.28%
    Faribault - Northfield 30 Year VA Refi 2024-12-12 6.08%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Faribault-Northfield, MN.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUARANTEED RATE, INC. 32 6.50% $5,510
    Bell Bank 30 6.67% $6,080
    CROSSCOUNTRY MORTGAGE, LLC 28 7.00% $6,602
    Wells Fargo Bank 27 6.73% $4,838
    UNITED WHOLESALE MORTGAGE, LLC 22 6.85% $7,770
    QUICKEN LOANS, LLC 20 6.72% $7,339
    Prosperity Home Mortgage, LLC 19 6.82% $6,208
    Frandsen Bank & Trust 18 6.62% $4,710
    Merchants Bank 16 6.44% $4,755
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.89% $4,626
    WINGS FINANCIAL 12 5.97% $3,879
    American Mortgage & Equity Consultants, Inc. 9 6.04% $7,482
    PENNYMAC LOAN SERVICES, LLC 9 6.58% $6,036
    AFFINITY PLUS 7 6.61% $4,982
    COMPEER FINANCIAL, FLCA 6 7.88% $4,851
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 6 7.02% $2,860
    U.S. Bank 6 6.85% $3,385
    LOANDEPOT.COM, LLC 6 6.35% $7,649
    Royal Credit Union 5 6.45% $4,146
    BAY EQUITY LLC 5 6.62% $7,355
    BROKER SOLUTIONS, INC. 5 6.92% $5,879
    Bremer Bank 5 7.13% $7,443
    Tradition Mortgage, LLC 4 6.65% $3,948
    Think Mutual Bank 4 5.56% $4,555
    NEWREZ LLC 4 6.91% $4,424
    Minnwest Bank 4 6.44% $5,359
    Summit Mortgage Corporation 3 7.25% $6,647
    CMG MORTGAGE, INC. 3 6.33% $6,452
    EVERETT FINANCIAL, INC. 3 6.92% $9,276
    Flagstar Bank, FSB 3 7.25% $4,729
    TOWNE MORTGAGE COMPANY 3 6.33% $7,375
    GUARANTEED RATE AFFINITY, LLC 3 6.28% $5,586
    First Bank & Trust 2 6.13% $5,462
    PLAZA HOME MORTGAGE, INC. 2 6.69% $5,619
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.74% $4,275
    Cambria Financial Group, LLC 2 7.00% $5,740
    The Huntington National Bank 2 7.13% $4,130
    The First National Bank in Sioux Falls 1 7.00% $3,575
    TOPLINE FEDERAL CREDIT UNION 1 6.38% $4,165
    Union Bank and Trust Company 1 6.88% $3,719
    USAA Federal Savings Bank 1 6.63% $5,797
    Waterstone Mortgage Corporation 1 7.25% $9,635
    ZILLOW HOME LOANS, LLC 1 6.13% $4,707
    Nations Lending Corporation 1 7.13% $622
    ALTRA 1 7.38% $2,602
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $3,664
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.13% $4,425
    AMERISAVE MORTGAGE CORPORATION 1 5.88% $7,666
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.62% $3,092
    Associated Bank 1 6.38% $3,411
    Assurance Financial Group, L.L.C. 1 6.50% $7,439
    AXIA FINANCIAL, LLC 1 6.38% $4,291
    Bank of America 1 6.88% $675
    Barrington Bank & Trust Company, N.A. 1 6.38% $5,770
    CARDINAL FINANCIAL 1 6.63% $4,131
    Central Bank 1 5.50% $6,808
    Chicago Mortgage Solutions LLC 1 5.85% $3,374
    CHURCHILL MORTGAGE CORPORATION 1 6.99% $4,206
    Citizens Bank 1 6.63% $8,166
    CITY-COUNTY CREDIT UNION 1 6.75% $4,856
    CoVantage Credit Union 1 6.50% $3,404
    Financial Federal Bank 1 6.25% $3,486
    First Federal Bank 1 7.13% $7,135
    First National Bank 1 5.99% $3,265
    GREENSTATE CREDIT UNION 1 5.88% $3,400
    Home Federal Savings Bank 1 6.25% $694
    IDEAL 1 5.50% $5,903
    JPMorgan Chase Bank 1 6.38% $8,602
    MAYO EMPLOYEES FEDERAL CREDIT UNION 1 6.00% $5,956
    MEGASTAR FINANCIAL CORP. 1 6.50% $6,627
    MICHIGAN MUTUAL, INC. 1 7.25% $1,441
    MOVEMENT MORTGAGE, LLC 1 6.63% $9,105
    Mr. Cooper ( Nationstar Mortgage ) 1 5.99% $29,635
    Park State Bank 1 8.32% $5,315
    Plains Commerce Bank 1 7.75% $6,682
    PLUS RELOCATION MORTGAGE, LLC 1 7.50% $5,918
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 8.38% $5,013
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $6,684
    Servion, Inc. 1 6.75% $4,935
    Sierra Pacific Mortgage Company, Inc. 1 7.50% $8,099

    Faribault - Northfield Average Closing Costs & Other Stats

    Faribault-Northfield, MN's 80 lenders originated 1,047 loans during 2023. The total origination value was $225,355,000, with an average loan value of $215,239.

    Faribault - Northfield's average closing costs are $5,046.

    The top Faribault - Northfield lender as defined by loan originations is GUARANTEED RATE, INC., with 32 loans originated. Their average total fees are $5,510, which is $571 lower than the next largest lender, Bell Bank.

    The lowest fee Faribault - Northfield lenders (with over 10 loans originated) are WINGS FINANCIAL ($3,879), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,626), Frandsen Bank & Trust ($4,710), Merchants Bank ($4,755) and Wells Fargo Bank ($4,838).

    The lowest rate Faribault - Northfield lenders (with over 10 loans originated) are WINGS FINANCIAL (5.97%), Merchants Bank (6.44%), GUARANTEED RATE, INC. (6.50%), Frandsen Bank & Trust (6.62%) and Bell Bank (6.67%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Bell Bank $13,235,000 $13,705,000 3.6% 6.1%
    GUARANTEED RATE, INC. $15,235,000 $11,395,000 -25.2% 5.1%
    CROSSCOUNTRY MORTGAGE, LLC $18,030,000 $11,175,000 -38.0% 5.0%
    Merchants Bank $28,650,000 $10,725,000 -62.6% 4.8%
    Wells Fargo Bank $24,150,000 $10,060,000 -58.3% 4.5%
    UNITED WHOLESALE MORTGAGE, LLC $6,845,000 $9,215,000 34.6% 4.1%
    Prosperity Home Mortgage, LLC $8,615,000 $9,080,000 5.4% 4.0%
    Frandsen Bank & Trust $11,725,000 $8,950,000 -23.7% 4.0%
    The State Bank of Faribault $10,210,000 $8,365,000 -18.1% 3.7%
    QUICKEN LOANS, LLC $14,485,000 $7,680,000 -47.0% 3.4%
    American Mortgage & Equity Consultants, Inc. $6,950,000 $6,315,000 -9.1% 2.8%
    AFFINITY PLUS $9,910,000 $5,890,000 -40.6% 2.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $6,590,000 $5,510,000 -16.4% 2.4%
    PENNYMAC LOAN SERVICES, LLC $7,780,000 $5,420,000 -30.3% 2.4%
    WINGS FINANCIAL $17,135,000 $5,165,000 -69.9% 2.3%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $7,050,000 $4,785,000 -32.1% 2.1%
    LOANDEPOT.COM, LLC $10,665,000 $4,555,000 -57.3% 2.0%
    COMPEER FINANCIAL, FLCA $3,350,000 $3,765,000 12.4% 1.7%
    Community Resource Bank $6,600,000 $3,645,000 -44.8% 1.6%
    U.S. Bank $7,745,000 $3,175,000 -59.0% 1.4%
    Mortgage Research Center, LLC $2,450,000 $2,670,000 9.0% 1.2%
    Think Mutual Bank $120,000 $2,650,000 2,108.3% 1.2%
    BAY EQUITY LLC $1,800,000 $2,405,000 33.6% 1.1%
    GUARANTEED RATE AFFINITY, LLC $895,000 $2,355,000 163.1% 1.0%
    BROKER SOLUTIONS, INC. $4,230,000 $2,285,000 -46.0% 1.0%
    Minnwest Bank $3,380,000 $2,235,000 -33.9% 1.0%
    Bremer Bank $2,170,000 $2,225,000 2.5% 1.0%
    Flagstar Bank, FSB $3,315,000 $1,925,000 -41.9% 0.9%
    Royal Credit Union $1,365,000 $1,860,000 36.3% 0.8%
    Summit Mortgage Corporation $2,315,000 $1,725,000 -25.5% 0.8%
    TOWNE MORTGAGE COMPANY $3,255,000 $1,665,000 -48.8% 0.7%
    CMG MORTGAGE, INC. $645,000 $1,565,000 142.6% 0.7%
    NEWREZ LLC $2,045,000 $1,555,000 -24.0% 0.7%
    The First National Bank of Le Center $1,070,000 $1,510,000 41.1% 0.7%
    Tradition Mortgage, LLC $2,580,000 $1,280,000 -50.4% 0.6%
    Profinium Inc. $1,255,000 n/a 0.6%
    EVERETT FINANCIAL, INC. $1,230,000 $1,240,000 0.8% 0.6%
    CARDINAL FINANCIAL $1,170,000 $1,230,000 5.1% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $2,110,000 $1,215,000 -42.4% 0.5%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,320,000 $1,125,000 -14.8% 0.5%
    First Bank & Trust $1,345,000 $1,110,000 -17.5% 0.5%
    PLAZA HOME MORTGAGE, INC. $1,640,000 $1,060,000 -35.4% 0.5%
    Cambria Financial Group, LLC $2,750,000 $985,000 -64.2% 0.4%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $3,360,000 $980,000 -70.8% 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $945,000 n/a 0.4%
    The Huntington National Bank $775,000 $850,000 9.7% 0.4%
    HomeTown Bank $440,000 $795,000 80.7% 0.4%
    Castle Rock Bank $785,000 n/a 0.3%
    USAA Federal Savings Bank $805,000 $780,000 -3.1% 0.3%
    Sunrise Banks $750,000 n/a 0.3%
    FREEDOM MORTGAGE CORPORATION $2,400,000 $725,000 -69.8% 0.3%
    CorTrust Bank $715,000 n/a 0.3%
    Park State Bank $680,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $245,000 $640,000 161.2% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $350,000 $625,000 78.6% 0.3%
    ZILLOW HOME LOANS, LLC $215,000 $600,000 179.1% 0.3%
    JPMorgan Chase Bank $2,095,000 $540,000 -74.2% 0.2%
    Barrington Bank & Trust Company, N.A. $1,470,000 $530,000 -63.9% 0.2%
    First Federal Bank $490,000 $525,000 7.1% 0.2%
    First National Bank $620,000 $525,000 -15.3% 0.2%
    First National Bank Minnesota $510,000 n/a 0.2%
    Financial Federal Bank $505,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $1,330,000 $505,000 -62.0% 0.2%
    MAYO EMPLOYEES FEDERAL CREDIT UNION $485,000 n/a 0.2%
    Plains Commerce Bank $500,000 $480,000 -4.0% 0.2%
    Sierra Pacific Mortgage Company, Inc. $480,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $380,000 $475,000 25.0% 0.2%
    The Federal Savings Bank $195,000 $470,000 141.0% 0.2%
    Discover Bank $400,000 $465,000 16.3% 0.2%
    Citizens Bank $870,000 $410,000 -52.9% 0.2%
    PREMIER MORTGAGE RESOURCES, L.L.C. $405,000 n/a 0.2%
    Alerus Financial $2,925,000 $400,000 -86.3% 0.2%
    AMERISAVE MORTGAGE CORPORATION $875,000 $390,000 -55.4% 0.2%
    AXIA FINANCIAL, LLC $1,540,000 $390,000 -74.7% 0.2%
    PLUS RELOCATION MORTGAGE, LLC $385,000 n/a 0.2%
    Associated Bank $905,000 $380,000 -58.0% 0.2%
    Lakeview Bank $380,000 n/a 0.2%
    Commerce Home Mortgage, Inc. $375,000 n/a 0.2%
    Figure Lending LLC $65,000 $370,000 469.2% 0.2%
    Waterstone Mortgage Corporation $365,000 n/a 0.2%
    Central Bank $345,000 n/a 0.2%
    SOUTHPOINT FINANCIAL $345,000 n/a 0.2%
    Chicago Mortgage Solutions LLC $305,000 $335,000 9.8% 0.1%
    TOPLINE FEDERAL CREDIT UNION $140,000 $330,000 135.7% 0.1%
    ALTRA $770,000 $315,000 -59.1% 0.1%
    IDEAL $315,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $315,000 n/a 0.1%
    Bank of America $470,000 $310,000 -34.0% 0.1%
    TruHome Solutions, LLC $305,000 n/a 0.1%
    Century Mortgage Company DBA Century Lending Company $290,000 n/a 0.1%
    BankVista $275,000 n/a 0.1%
    MEGASTAR FINANCIAL CORP. $275,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $90,000 $275,000 205.6% 0.1%
    Union Bank and Trust Company $275,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $155,000 $265,000 71.0% 0.1%
    Nations Lending Corporation $260,000 n/a 0.1%
    Assurance Financial Group, L.L.C. $205,000 $255,000 24.4% 0.1%
    Coulee Bank $660,000 $255,000 -61.4% 0.1%
    CoVantage Credit Union $255,000 n/a 0.1%
    CRESCENT MORTGAGE COMPANY $275,000 $255,000 -7.3% 0.1%
    Home Federal Savings Bank $200,000 $255,000 27.5% 0.1%
    VERIDIAN CREDIT UNION $250,000 n/a 0.1%
    Equity Prime Mortgage LLC $185,000 $235,000 27.0% 0.1%
    SWBC MORTGAGE CORPORATION $235,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $425,000 $225,000 -47.1% 0.1%
    CITY-COUNTY CREDIT UNION $485,000 $215,000 -55.7% 0.1%
    Servion, Inc. $760,000 $215,000 -71.7% 0.1%
    Mortgages Unlimited Inc. $350,000 $210,000 -40.0% 0.1%
    NAVY FEDERAL CREDIT UNION $1,755,000 $210,000 -88.0% 0.1%
    Bank of England $1,020,000 $205,000 -79.9% 0.1%
    RIVERLAND BANK $205,000 n/a 0.1%
    Heartland Credit Union $275,000 $195,000 -29.1% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $615,000 $195,000 -68.3% 0.1%
    Paramount Residential Mortgage Group, Inc. $265,000 $195,000 -26.4% 0.1%
    Citizens Bank Minnesota $1,295,000 $185,000 -85.7% 0.1%
    Community Bank Mankato $1,010,000 $170,000 -83.2% 0.1%
    Deerwood Bank $305,000 $170,000 -44.3% 0.1%
    MID AMERICA MORTGAGE, INC. $25,000 $165,000 560.0% 0.1%
    Highland Bank $160,000 n/a 0.1%
    HIWAY $1,525,000 $155,000 -89.8% 0.1%
    Carrington Mortgage Services, LLC $1,320,000 $145,000 -89.0% 0.1%
    The First National Bank in Sioux Falls $145,000 n/a 0.1%
    GATEWAY BANK $135,000 n/a 0.1%
    MICHIGAN MUTUAL, INC. $135,000 n/a 0.1%
    Associated Healthcare Credit Union $130,000 $130,000 0.0% 0.1%
    Coastal Community Bank $125,000 n/a 0.1%
    BMO Harris Bank $420,000 $105,000 -75.0% 0.0%
    MidWestOne Bank $105,000 n/a 0.0%
    GREENSTATE CREDIT UNION $85,000 n/a 0.0%
    PNC Bank $200,000 $85,000 -57.5% 0.0%
    Third Federal Savings and Loan Association of Cleveland $75,000 n/a 0.0%
    Baxter Credit Union $55,000 n/a 0.0%
    SPIRE Credit Union $3,820,000 $55,000 -98.6% 0.0%
    BUILDING TRADES FEDERAL CREDIT UNION $140,000 $35,000 -75.0% 0.0%
    Star Choice Credit Union $35,000 n/a 0.0%

    Faribault - Northfield's top lender by overall market share is Bell Bank, with 6.1% market share. In second place, with 5.1%, is GUARANTEED RATE, INC., having originated $11,395,000 in loans. In third place, with 5.0%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $11,175,000 in loans. In fourth place, with 4.8%, is Merchants Bank, having originated $10,725,000 in loans. In fifth place, with 4.5%, is Wells Fargo Bank, having originated $10,060,000 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%) $317,850 (2.6%) 0.00 186
    2019-06-01 $289,900 (-0.9%) $324,915 (3.8%) 0.00 208
    2019-07-01 $293,700 (1.5%) $334,727 (6.1%) 0.00 223
    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 $299,999 (3.5%) $336,497 (5.9%) 0.00 180
    2020-06-01 $299,900 (3.5%) $333,305 (2.6%) 0.00 180
    2020-07-01 $312,675 (6.5%) $349,511 (4.4%) 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 (16.6%) $381,215 (13.3%) 0.00 95
    2021-06-01 $350,300 (16.8%) $391,006 (17.3%) 0.00 111
    2021-07-01 $349,900 (11.9%) $391,321 (12.0%) 0.00 112
    2021-08-01 $347,113 (12.8%) $386,989 (8.7%) 0.00 119
    2021-09-01 $328,470 (4.9%) $361,187 (1.6%) 0.00 126
    2021-10-01 $344,900 (13.9%) $384,296 (8.9%) 0.00 135
    2021-11-01 $348,317 (12.0%) $392,145 (12.2%) 0.00 118
    2021-12-01 $360,150 (20.1%) $405,173 (17.9%) 0.00 109
    2022-01-01 $379,900 (18.8%) $439,216 (22.7%) 0.00 89
    2022-02-01 $392,715 (18.5%) $438,264 (14.9%) 0.00 83
    2022-03-01 $399,253 (16.3%) $446,078 (17.7%) 0.00 81
    2022-04-01 $402,604 (16.4%) $455,918 (21.4%) 0.00 86
    2022-05-01 $404,400 (15.6%) $478,156 (25.4%) 0.00 106
    2022-06-01 $408,002 (16.5%) $466,050 (19.2%) 0.00 125
    2022-07-01 $404,654 (15.7%) $467,857 (19.6%) 0.00 127
    2022-08-01 $413,302 (19.1%) $480,288 (24.1%) 0.00 138
    2022-09-01 $397,900 (21.1%) $469,071 (29.9%) 0.00 139
    2022-10-01 $399,900 (16.0%) $464,982 (21.0%) 0.00 141
    2022-11-01 $396,675 (13.9%) $456,346 (16.4%) 0.00 136
    2022-12-01 $399,900 (11.0%) $456,811 (12.7%) 0.00 120
    2023-01-01 $410,150 (8.0%) $469,560 (6.9%) 0.00 100
    2023-02-01 $421,900 (7.4%) $506,659 (15.6%) 0.00 89
    2023-03-01 $424,700 (6.4%) $521,196 (16.8%) 0.00 84
    2023-04-01 $427,950 (6.3%) $505,645 (10.9%) 0.00 75
    2023-05-01 $433,314 (7.2%) $523,650 (9.5%) 0.00 84
    2023-06-01 $429,675 (5.3%) $523,720 (12.4%) 0.00 97
    2023-07-01 $433,314 (7.1%) $514,434 (10.0%) 0.00 100
    2023-08-01 $429,422 (3.9%) $500,781 (4.3%) 0.00 106
    2023-09-01 $429,787 (8.0%) $473,746 (1.0%) 0.00 108
    2023-10-01 $434,614 (8.7%) $447,512 (-3.8%) 0.00 103
    2023-11-01 $399,672 (0.8%) $429,514 (-5.9%) 0.00 117
    2023-12-01 $404,850 (1.2%) $431,484 (-5.5%) 0.00 98
    2024-01-01 $404,850 (-1.3%) $475,109 (1.2%) 0.00 76
    2024-02-01 $406,002 (-3.8%) $484,373 (-4.4%) 0.00 80
    2024-03-01 $440,000 (3.6%) $523,167 (0.4%) 0.00 90
    2024-04-01 $444,925 (4.0%) $541,844 (7.2%) 0.00 73
    2024-05-01 $464,380 (7.2%) $568,053 (8.5%) 0.00 87
    2024-06-01 $458,860 (6.8%) $529,245 (1.1%) 0.00 105
    2024-07-01 $448,581 (3.5%) $502,711 (-2.3%) 0.00 106
    2024-08-01 $434,900 (1.3%) $487,712 (-2.6%) 0.00 116
    2024-09-01 $443,425 (3.2%) $490,540 (3.5%) 0.00 130
    2024-10-01 $430,672 (-0.9%) $477,263 (6.7%) 0.00 136
    2024-11-01 $420,000 (5.1%) $472,115 (9.9%) 0.00 117
    Faribault - Northfield's median listing price for 2024-11-01 was $420,000, a difference of $20,328 (5.1%) versus the prior year and $-10,672 versus the prior month.

    Faribault - Northfield's median listing price comes in at 0% of the national average.

    Faribault - Northfield's average listing price for 2024-11-01 was $472,115, a difference of $42,601 (9.9%) versus the prior year and $-5,148 versus the prior month.

    For the 2024-11-01 period, Faribault - Northfield had 117 MLS listings, a difference of -19 listings (-14%) versus the prior month and 0 listings (0%) 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 2,020 sqft
    2019-06-01 0 days 2,041 sqft
    2019-07-01 0 days 2,044 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 1,975 sqft
    2020-06-01 0 days 1,911 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 1,950 sqft
    2021-09-01 0 days 1,829 sqft
    2021-10-01 0 days 1,839 sqft
    2021-11-01 0 days 1,900 sqft
    2021-12-01 0 days 1,829 sqft
    2022-01-01 0 days 1,973 sqft
    2022-02-01 0 days 2,659 sqft
    2022-03-01 0 days 2,606 sqft
    2022-04-01 0 days 2,637 sqft
    2022-05-01 0 days 1,935 sqft
    2022-06-01 0 days 2,091 sqft
    2022-07-01 0 days 2,101 sqft
    2022-08-01 0 days 2,161 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
    2023-09-01 0 days 2,079 sqft
    2023-10-01 0 days 2,087 sqft
    2023-11-01 0 days 1,985 sqft
    2023-12-01 0 days 1,848 sqft
    2024-01-01 0 days 1,907 sqft
    2024-02-01 0 days 1,947 sqft
    2024-03-01 0 days 2,056 sqft
    2024-04-01 0 days 2,022 sqft
    2024-05-01 0 days 2,228 sqft
    2024-06-01 0 days 2,250 sqft
    2024-07-01 0 days 2,101 sqft
    2024-08-01 0 days 2,172 sqft
    2024-09-01 0 days 2,167 sqft
    2024-10-01 0 days 2,138 sqft
    2024-11-01 0 days 2,104 sqft
    Faribault - Northfield's median listing age (time on market) for 2024-11-01 was 0 days.

    Faribault - Northfield's median square footage for active listings during the 2024-11-01 period was 2,104 sqft. One year prior, the average listing was 1,985 sqft.

    Faribault-Northfield, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 647 $180,205,000 $278,524
    Home Improvement 125 $8,715,000 $69,720
    Other 125 $9,035,000 $72,280
    Cash Out Refi 77 $14,815,000 $192,403
    Refi 73 $12,585,000 $172,397

    Faribault - Northfield's most frequently cited loan purpose was Home Purchase, with 647 originations. The 2nd most popular reason was Home Improvement, with 125 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 375 $93,965,000 $250,573
    7-8% 234 $50,000,000 $213,675
    5-6% 139 $35,905,000 $258,309
    Over 8% 121 $11,955,000 $98,802
    4-5% 25 $5,075,000 $203,000
    <2.5% 22 $430,000 $19,545
    2.5-3% 19 $2,925,000 $153,947
    3-4% 2 $530,000 $265,000

    During 2023, Faribault - Northfield's most frequently originated rate bucket was 6-7%, with 375 originations.

    Loan Sizing (Faribault-Northfield, MN MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 419 $119,025,000 $284,069
    $100,000 or less 304 $14,300,000 $47,039
    $100k-200k 210 $32,300,000 $153,810
    $400k-600k 94 $43,920,000 $467,234
    $600k-1000k 18 $12,780,000 $710,000
    $Over $1MM 2 $3,030,000 $1,515,000

    Faribault - Northfield's loan sizing saw the bucket of loans from $200k-400k with 419 originations, totaling $119,025,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 386 $115,880,000 $300,207
    Under 20% 233 $9,985,000 $42,854
    60-80% 145 $41,635,000 $287,138
    20-40% 102 $14,040,000 $137,647
    40-60% 59 $12,935,000 $219,237
    Over 100% 14 $6,020,000 $430,000

    Faribault - Northfield's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 386 originations, totaling $115,880,000 in origination value.