Galesburg Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Galesburg averaged 6.72% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.55% and one month ago for the week of 2024-10-03, the average rate was 5.95%.

    Galesburg's average rate one year ago was 7.59%.

    For refis of the same type during the week of 2024-11-07, the average rate was 7.19%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Galesburg 30 Year Fixed Rate 2024-11-07 6.72%
    Galesburg 30 Year Fixed Rate Refi 2024-11-07 7.19%
    Galesburg 15 Year Fixed Rate 2024-11-07 5.8%
    Galesburg 15 Year Fixed Rate Refi 2024-11-07 6.3%
    Galesburg 30 Year FHA 2024-11-07 6.44%
    Galesburg 30 Year FHA Refi 2024-11-07 6.33%
    Galesburg 30 Year USDA 2024-11-07 6.68%
    Galesburg 30 Year USDA Refi 2024-11-07 6.68%
    Galesburg 30 Year VA 2024-11-07 6.14%
    Galesburg 30 Year VA Refi 2024-11-07 6.24%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Galesburg, IL.

    Galesburg 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 Galesburg, IL 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
    CBI Bank & Trust 58 7.39% $2,581
    First Mid Bank & Trust 38 6.25% $2,033
    I. H. MISSISSIPPI VALLEY CREDIT UNION 22 7.03% $2,139
    Community Mortgage Banc Corporation 17 6.74% $2,678
    QUICKEN LOANS, LLC 14 6.54% $5,207
    INB 12 6.84% $1,975
    FLAT BRANCH MORTGAGE, INC. 10 6.96% $3,237
    CITIZENS EQUITY FIRST 8 6.45% $1,551
    U.S. Bank 6 7.14% $2,740
    Morton Community Bank 6 6.60% $1,976
    Wells Fargo Bank 6 6.27% $2,658
    UNITED WHOLESALE MORTGAGE, LLC 6 6.79% $3,848
    Old National Bank 5 6.33% $2,835
    GREENSTATE CREDIT UNION 5 6.60% $2,408
    BROKER SOLUTIONS, INC. 4 7.02% $5,645
    JPMorgan Chase Bank 4 7.75% $2,377
    Deere Employees Credit Union 3 6.33% $2,509
    Servion, Inc. 3 6.83% $3,541
    Fortress Bank 3 5.96% $2,202
    R.I.A. Federal Credit Union 2 6.63% $2,612
    First Federal Bank 2 6.69% $2,329
    NEWREZ LLC 2 6.88% $3,364
    GUARANTEED RATE, INC. 2 7.76% $6,704
    Busey Bank 2 6.19% $2,515
    Mortgage Research Center, LLC 2 7.06% $1,909
    American Bank and Trust Company 2 6.19% $3,638
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.25% $3,621
    COMPEER FINANCIAL, FLCA 2 7.69% $2,705
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 7.00% $3,369
    ZILLOW HOME LOANS, LLC 1 7.63% $3,134
    AMERISAVE MORTGAGE CORPORATION 1 5.88% $4,808
    ASCENTRA 1 7.50% $2,293
    Baxter Credit Union 1 6.63% $2,417
    CALIBER HOME LOANS, INC. 1 5.63% $3,393
    Carrollton Bank 1 6.00% $2,711
    CIBM Bank 1 7.38% $4,581
    Fifth Third Bank 1 6.63% $3,253
    FIRST STATE MORTGAGE SERVICES, LLC 1 6.25% $5,795
    GAS AND ELECTRIC CREDIT UNION 1 6.88% $2,657
    Heartland Bank and Trust Company 1 7.22% $3,344
    Heritage Bank 1 6.88% $2,260
    HOMESIDE FINANCIAL, LLC 1 5.63% $2,298
    IAA Credit Union 1 6.38% $1,829
    Ixonia Bank 1 6.63% $4,465
    LEADERONE FINANCIAL CORPORATION 1 6.38% $3,956
    NAVY FEDERAL CREDIT UNION 1 6.13% $1,120
    NP, Inc. 1 6.25% $3,249
    PENNYMAC LOAN SERVICES, LLC 1 6.62% $5,727
    Regions Bank 1 5.00% $8,239
    The First National Bank of Ottawa 1 6.75% $2,430
    TIB The Independent Bankersbank 1 5.75% $5,789
    United Community Bank 1 7.00% $1,638
    USAA Federal Savings Bank 1 5.63% $7,191
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.88% $2,113
    VERITAS FUNDING, LLC 1 8.13% $2,865

    Galesburg Average Closing Costs & Other Stats

    Galesburg, IL's 55 lenders originated 825 loans during 2023. The total origination value was $85,295,000, with an average loan value of $103,388.

    Galesburg's average closing costs are $2,966.

    The top Galesburg lender as defined by loan originations is CBI Bank & Trust, with 58 loans originated. Their average total fees are $2,581, which is $549 higher than the next largest lender, First Mid Bank & Trust.

    The lowest fee Galesburg lenders (with over 10 loans originated) are INB ($1,975), First Mid Bank & Trust ($2,033), I. H. MISSISSIPPI VALLEY CREDIT UNION ($2,139), CBI Bank & Trust ($2,581) and Community Mortgage Banc Corporation ($2,678).

    The lowest rate Galesburg lenders (with over 10 loans originated) are First Mid Bank & Trust (6.25%), QUICKEN LOANS, LLC (6.54%), Community Mortgage Banc Corporation (6.74%), INB (6.84%) and FLAT BRANCH MORTGAGE, INC. (6.96%).

    Galesburg, IL 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
    CBI Bank & Trust $17,035,000 $14,535,000 -14.7% 17.0%
    First National Bank of Omaha $105,000 $8,965,000 8,438.1% 10.5%
    First Mid Bank & Trust $5,615,000 $5,050,000 -10.1% 5.9%
    QUICKEN LOANS, LLC $5,465,000 $4,910,000 -10.2% 5.8%
    Midwest Bank $3,855,000 $4,030,000 4.5% 4.7%
    INB $4,040,000 $3,495,000 -13.5% 4.1%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $5,060,000 $3,310,000 -34.6% 3.9%
    Community Mortgage Banc Corporation $5,120,000 $2,440,000 -52.3% 2.9%
    CITIZENS EQUITY FIRST $2,790,000 $2,370,000 -15.1% 2.8%
    Mortgage Research Center, LLC $3,260,000 $2,150,000 -34.0% 2.5%
    FLAT BRANCH MORTGAGE, INC. $2,280,000 $1,725,000 -24.3% 2.0%
    UNITED WHOLESALE MORTGAGE, LLC $700,000 $1,430,000 104.3% 1.7%
    Old National Bank $1,055,000 $1,405,000 33.2% 1.6%
    Wells Fargo Bank $3,075,000 $1,390,000 -54.8% 1.6%
    Morton Community Bank $2,055,000 $1,370,000 -33.3% 1.6%
    GERSHMAN INVESTMENT CORP. $780,000 $1,205,000 54.5% 1.4%
    U.S. Bank $675,000 $955,000 41.5% 1.1%
    BROKER SOLUTIONS, INC. $190,000 $950,000 400.0% 1.1%
    GREENSTATE CREDIT UNION $1,120,000 $925,000 -17.4% 1.1%
    TRIAD FINANCIAL SERVICES, INC. $615,000 $920,000 49.6% 1.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,440,000 $890,000 -38.2% 1.0%
    Servion, Inc. $1,005,000 $890,000 -11.4% 1.0%
    PLAZA HOME MORTGAGE, INC. $435,000 $710,000 63.2% 0.8%
    Fortress Bank $230,000 $625,000 171.7% 0.7%
    USAA Federal Savings Bank $835,000 $625,000 -25.1% 0.7%
    GUARANTEED RATE, INC. $545,000 $595,000 9.2% 0.7%
    Bank of Farmington $535,000 n/a 0.6%
    United Community Bank $510,000 $530,000 3.9% 0.6%
    COMPEER FINANCIAL, FLCA $810,000 $475,000 -41.4% 0.6%
    FIRST STATE MORTGAGE SERVICES, LLC $515,000 $470,000 -8.7% 0.6%
    Barrington Bank & Trust Company, N.A. $405,000 $460,000 13.6% 0.5%
    CRESCENT MORTGAGE COMPANY $520,000 $440,000 -15.4% 0.5%
    R.I.A. Federal Credit Union $430,000 n/a 0.5%
    MidAmerica National Bank $210,000 $425,000 102.4% 0.5%
    HOMESIDE FINANCIAL, LLC $130,000 $420,000 223.1% 0.5%
    Union Federal Savings and Loan Association $370,000 $410,000 10.8% 0.5%
    CIBM Bank $365,000 n/a 0.4%
    AMERISAVE MORTGAGE CORPORATION $600,000 $360,000 -40.0% 0.4%
    SUCCESS MORTGAGE PARTNERS, INC. $95,000 $345,000 263.2% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $945,000 $330,000 -65.1% 0.4%
    American Bank and Trust Company $690,000 $320,000 -53.6% 0.4%
    Heartland Bank and Trust Company $305,000 n/a 0.4%
    Heritage Bank $295,000 n/a 0.3%
    Regions Bank $295,000 n/a 0.3%
    STATE BANK OFTOULON $295,000 n/a 0.3%
    NEWREZ LLC $245,000 $280,000 14.3% 0.3%
    CALIBER HOME LOANS, INC. $1,145,000 $275,000 -76.0% 0.3%
    IAA Credit Union $275,000 n/a 0.3%
    Deere Employees Credit Union $315,000 $255,000 -19.0% 0.3%
    RUHL MORTGAGE, LLC $1,100,000 $250,000 -77.3% 0.3%
    JPMorgan Chase Bank $1,520,000 $240,000 -84.2% 0.3%
    Ipava State Bank $395,000 $220,000 -44.3% 0.3%
    SUN WEST MORTGAGE COMPANY, INC. $215,000 n/a 0.3%
    Flanagan State Bank $530,000 $210,000 -60.4% 0.2%
    Connexus Credit Union $450,000 $200,000 -55.6% 0.2%
    Fifth Third Bank $230,000 $195,000 -15.2% 0.2%
    Busey Bank $190,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $115,000 $185,000 60.9% 0.2%
    Baxter Credit Union $185,000 n/a 0.2%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $165,000 n/a 0.2%
    Allied First Bank,sb $85,000 $155,000 82.4% 0.2%
    MORTGAGEONE, INC. $155,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $720,000 $150,000 -79.2% 0.2%
    ZILLOW HOME LOANS, LLC $150,000 n/a 0.2%
    NP, Inc. $145,000 n/a 0.2%
    PNC Bank $45,000 $130,000 188.9% 0.2%
    GAS AND ELECTRIC CREDIT UNION $75,000 $125,000 66.7% 0.1%
    TIB The Independent Bankersbank $45,000 $125,000 177.8% 0.1%
    First Federal Bank $135,000 $120,000 -11.1% 0.1%
    Ixonia Bank $75,000 $120,000 60.0% 0.1%
    Carrington Mortgage Services, LLC $95,000 $115,000 21.1% 0.1%
    LOANDEPOT.COM, LLC $230,000 $115,000 -50.0% 0.1%
    PREMIA MORTGAGE, LLC $855,000 $115,000 -86.5% 0.1%
    ASCENTRA $310,000 $110,000 -64.5% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $65,000 $95,000 46.2% 0.1%
    NATIONS DIRECT MORTGAGE, LLC $430,000 $95,000 -77.9% 0.1%
    LEADERONE FINANCIAL CORPORATION $90,000 n/a 0.1%
    Associated Bank $350,000 $85,000 -75.7% 0.1%
    FBC MORTGAGE, LLC $85,000 n/a 0.1%
    NFM, INC. $75,000 $85,000 13.3% 0.1%
    PENNYMAC LOAN SERVICES, LLC $350,000 $85,000 -75.7% 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 n/a 0.1%
    SENB Bank $75,000 n/a 0.1%
    COMMUNITY STATE BANK $70,000 n/a 0.1%
    Carrollton Bank $65,000 n/a 0.1%
    Stifel Bank and Trust $210,000 $65,000 -69.0% 0.1%
    GUILD MORTGAGE COMPANY $55,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $95,000 $55,000 -42.1% 0.1%
    VERITAS FUNDING, LLC $55,000 n/a 0.1%
    The First National Bank of Ottawa $45,000 n/a 0.1%
    Discover Bank $85,000 $35,000 -58.8% 0.0%
    ROYAL UNITED MORTGAGE LLC $115,000 $35,000 -69.6% 0.0%
    Coastal Community Bank $25,000 n/a 0.0%
    York Traditions Bank $15,000 n/a 0.0%
    Two Rivers Bank & Trust $5,000 n/a 0.0%

    Galesburg's top lender by overall market share is CBI Bank & Trust, with 17.0% market share. In second place, with 10.5%, is First National Bank of Omaha, having originated $8,965,000 in loans. In third place, with 5.9%, is First Mid Bank & Trust, having originated $5,050,000 in loans. In fourth place, with 5.8%, is QUICKEN LOANS, LLC, having originated $4,910,000 in loans. In fifth place, with 4.7%, is Midwest Bank, having originated $4,030,000 in loans.

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

    Realtor.com - Galesburg (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 $104,550 (1.3%) $137,069 (0.8%) 0.00 218
    2018-02-01 $99,375 (-4.8%) $134,147 (-0.8%) 0.00 216
    2018-03-01 $105,000 (-5.0%) $144,971 (2.5%) 0.00 232
    2018-04-01 $112,950 (-1.7%) $151,595 (-2.6%) 0.00 243
    2018-05-01 $109,800 (-10.7%) $145,199 (-12.1%) 0.00 261
    2018-06-01 $110,700 (-12.5%) $151,052 (-9.9%) 0.00 282
    2018-07-01 $111,375 (-10.2%) $148,758 (-9.9%) 0.00 308
    2018-08-01 $99,250 (-20.6%) $138,257 (-18.2%) 0.00 329
    2018-09-01 $97,400 (-22.5%) $131,576 (-22.0%) 0.00 324
    2018-10-01 $94,500 (-20.2%) $130,682 (-19.7%) 0.00 312
    2018-11-01 $94,975 (-14.3%) $132,992 (-14.5%) 0.00 278
    2018-12-01 $99,500 (-5.2%) $130,497 (-6.8%) 0.00 234
    2019-01-01 $103,725 (-0.8%) $131,890 (-3.8%) 0.00 224
    2019-02-01 $107,750 (8.4%) $132,685 (-1.1%) 0.00 214
    2019-03-01 $110,500 (5.2%) $140,202 (-3.3%) 0.00 198
    2019-04-01 $113,450 (0.4%) $147,762 (-2.5%) 0.00 187
    2019-05-01 $119,900 (9.2%) $155,489 (7.1%) 0.00 196
    2019-06-01 $112,900 (2.0%) $152,152 (0.7%) 0.00 214
    2019-07-01 $108,225 (-2.8%) $155,451 (4.5%) 0.00 220
    2019-08-01 $96,964 (-2.3%) $155,664 (12.6%) 0.00 224
    2019-09-01 $92,484 (-5.1%) $157,573 (19.8%) 0.00 233
    2019-10-01 $89,250 (-5.6%) $158,846 (21.6%) 0.00 238
    2019-11-01 $84,900 (-10.6%) $151,056 (13.6%) 0.00 241
    2019-12-01 $84,925 (-14.7%) $151,227 (15.9%) 0.00 221
    2020-01-01 $81,975 (-21.0%) $147,254 (11.7%) 0.00 197
    2020-02-01 $84,900 (-21.2%) $151,073 (13.9%) 0.00 178
    2020-03-01 $94,550 (-14.4%) $159,932 (14.1%) 0.00 182
    2020-04-01 $96,250 (-15.2%) $138,955 (-6.0%) 0.00 184
    2020-05-01 $101,900 (-15.0%) $166,957 (7.4%) 0.00 185
    2020-06-01 $104,225 (-7.7%) $167,076 (9.8%) 0.00 174
    2020-07-01 $109,450 (1.1%) $171,686 (10.4%) 0.00 167
    2020-08-01 $107,000 (10.4%) $172,789 (11.0%) 0.00 141
    2020-09-01 $96,950 (4.8%) $165,100 (4.8%) 0.00 131
    2020-10-01 $84,450 (-5.4%) $160,105 (0.8%) 0.00 122
    2020-11-01 $75,625 (-10.9%) $141,649 (-6.2%) 0.00 130
    2020-12-01 $75,875 (-10.7%) $140,960 (-6.8%) 0.00 107
    2021-01-01 $72,000 (-12.2%) $113,415 (-23.0%) 0.00 101
    2021-02-01 $79,900 (-5.9%) $117,263 (-22.4%) 0.00 97
    2021-03-01 $82,700 (-12.5%) $130,077 (-18.7%) 0.00 86
    2021-04-01 $87,900 (-8.7%) $136,719 (-1.6%) 0.00 71
    2021-05-01 $79,900 (-21.6%) $133,530 (-20.0%) 0.00 62
    2021-06-01 $95,900 (-8.0%) $150,559 (-9.9%) 0.00 71
    2021-07-01 $99,900 (-8.7%) $158,490 (-7.7%) 0.00 83
    2021-08-01 $117,450 (9.8%) $157,351 (-8.9%) 0.00 82
    2021-09-01 $129,950 (34.0%) $177,226 (7.3%) 0.00 94
    2021-10-01 $110,900 (31.3%) $169,451 (5.8%) 0.00 97
    2021-11-01 $102,200 (35.1%) $146,232 (3.2%) 0.00 104
    2021-12-01 $96,375 (27.0%) $136,992 (-2.8%) 0.00 100
    2022-01-01 $93,250 (29.5%) $130,841 (15.4%) 0.00 80
    2022-02-01 $100,425 (25.7%) $145,894 (24.4%) 0.00 58
    2022-03-01 $99,000 (19.7%) $149,532 (15.0%) 0.00 55
    2022-04-01 $102,500 (16.6%) $162,160 (18.6%) 0.00 72
    2022-05-01 $99,175 (24.1%) $158,363 (18.6%) 0.00 78
    2022-06-01 $93,950 (-2.0%) $155,165 (3.1%) 0.00 67
    2022-07-01 $96,200 (-3.7%) $160,344 (1.2%) 0.00 73
    2022-08-01 $94,450 (-19.6%) $166,561 (5.9%) 0.00 74
    2022-09-01 $99,575 (-23.4%) $163,119 (-8.0%) 0.00 78
    2022-10-01 $114,950 (3.7%) $168,854 (-0.4%) 0.00 82
    2022-11-01 $117,400 (14.9%) $159,848 (9.3%) 0.00 99
    2022-12-01 $115,000 (19.3%) $166,887 (21.8%) 0.00 89
    2023-01-01 $114,900 (23.2%) $160,181 (22.4%) 0.00 90
    2023-02-01 $125,300 (24.8%) $173,602 (19.0%) 0.00 82
    2023-03-01 $118,300 (19.5%) $173,322 (15.9%) 0.00 66
    2023-04-01 $143,500 (40.0%) $198,608 (22.5%) 0.00 60
    2023-05-01 $127,425 (28.5%) $195,406 (23.4%) 0.00 72
    2023-06-01 $127,950 (36.2%) $203,371 (31.1%) 0.00 79
    2023-07-01 $132,900 (38.2%) $205,653 (28.3%) 0.00 72
    2023-08-01 $125,175 (32.5%) $203,185 (22.0%) 0.00 80
    2023-09-01 $114,750 (15.2%) $173,496 (6.4%) 0.00 68
    2023-10-01 $110,500 (-3.9%) $155,671 (-7.8%) 0.00 79
    2023-11-01 $110,500 (-5.9%) $148,117 (-7.3%) 0.00 79
    2023-12-01 $112,450 (-2.2%) $149,250 (-10.6%) 0.00 74
    2024-01-01 $108,225 (-5.8%) $148,685 (-7.2%) 0.00 71
    2024-02-01 $94,950 (-24.2%) $144,316 (-16.9%) 0.00 68
    2024-03-01 $122,400 (3.5%) $183,432 (5.8%) 0.00 67
    2024-04-01 $143,475 (0.0%) $205,836 (3.6%) 0.00 72
    2024-05-01 $157,475 (23.6%) $212,265 (8.6%) 0.00 88
    2024-06-01 $155,000 (21.1%) $212,543 (4.5%) 0.00 93
    2024-07-01 $138,700 (4.4%) $185,181 (-10.0%) 0.00 101
    2024-08-01 $129,900 (3.8%) $174,726 (-14.0%) 0.00 91
    2024-09-01 $124,800 (8.8%) $185,338 (6.8%) 0.00 94
    2024-10-01 $119,900 (8.5%) $176,525 (13.4%) 0.00 112
    Galesburg's median listing price for 2024-10-01 was $119,900, a difference of $9,400 (8.5%) versus the prior year and $-4,900 versus the prior month.

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

    Galesburg's average listing price for 2024-10-01 was $176,525, a difference of $20,854 (13.4%) versus the prior year and $-8,813 versus the prior month.

    For the 2024-10-01 period, Galesburg had 112 MLS listings, a difference of 18 listings (19%) versus the prior month and 33 listings (42%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Galesburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,526 sqft
    2018-02-01 0 days 1,506 sqft
    2018-03-01 0 days 1,521 sqft
    2018-04-01 0 days 1,557 sqft
    2018-05-01 0 days 1,517 sqft
    2018-06-01 0 days 1,515 sqft
    2018-07-01 0 days 1,522 sqft
    2018-08-01 0 days 1,488 sqft
    2018-09-01 0 days 1,488 sqft
    2018-10-01 0 days 1,502 sqft
    2018-11-01 0 days 1,483 sqft
    2018-12-01 0 days 1,501 sqft
    2019-01-01 0 days 1,546 sqft
    2019-02-01 0 days 1,544 sqft
    2019-03-01 0 days 1,569 sqft
    2019-04-01 0 days 1,588 sqft
    2019-05-01 0 days 1,603 sqft
    2019-06-01 0 days 1,664 sqft
    2019-07-01 0 days 1,664 sqft
    2019-08-01 0 days 1,591 sqft
    2019-09-01 0 days 1,579 sqft
    2019-10-01 0 days 1,571 sqft
    2019-11-01 0 days 1,532 sqft
    2019-12-01 0 days 1,524 sqft
    2020-01-01 0 days 1,532 sqft
    2020-02-01 0 days 1,536 sqft
    2020-03-01 0 days 1,545 sqft
    2020-04-01 0 days 1,539 sqft
    2020-05-01 0 days 1,566 sqft
    2020-06-01 0 days 1,542 sqft
    2020-07-01 0 days 1,646 sqft
    2020-08-01 0 days 1,640 sqft
    2020-09-01 0 days 1,606 sqft
    2020-10-01 0 days 1,581 sqft
    2020-11-01 0 days 1,555 sqft
    2020-12-01 0 days 1,532 sqft
    2021-01-01 0 days 1,440 sqft
    2021-02-01 0 days 1,371 sqft
    2021-03-01 0 days 1,400 sqft
    2021-04-01 0 days 1,582 sqft
    2021-05-01 0 days 1,510 sqft
    2021-06-01 0 days 1,442 sqft
    2021-07-01 0 days 1,464 sqft
    2021-08-01 0 days 1,586 sqft
    2021-09-01 0 days 1,632 sqft
    2021-10-01 0 days 1,473 sqft
    2021-11-01 0 days 1,437 sqft
    2021-12-01 0 days 1,462 sqft
    2022-01-01 0 days 1,506 sqft
    2022-02-01 0 days 1,412 sqft
    2022-03-01 0 days 1,399 sqft
    2022-04-01 0 days 1,422 sqft
    2022-05-01 0 days 1,472 sqft
    2022-06-01 0 days 1,452 sqft
    2022-07-01 0 days 1,400 sqft
    2022-08-01 0 days 1,410 sqft
    2022-09-01 0 days 1,349 sqft
    2022-10-01 0 days 1,380 sqft
    2022-11-01 0 days 1,411 sqft
    2022-12-01 0 days 1,404 sqft
    2023-01-01 0 days 1,398 sqft
    2023-02-01 0 days 1,412 sqft
    2023-03-01 0 days 1,429 sqft
    2023-04-01 0 days 1,420 sqft
    2023-05-01 0 days 1,448 sqft
    2023-06-01 0 days 1,548 sqft
    2023-07-01 0 days 1,637 sqft
    2023-08-01 0 days 1,642 sqft
    2023-09-01 0 days 1,602 sqft
    2023-10-01 0 days 1,521 sqft
    2023-11-01 0 days 1,389 sqft
    2023-12-01 0 days 1,521 sqft
    2024-01-01 0 days 1,450 sqft
    2024-02-01 0 days 1,384 sqft
    2024-03-01 0 days 1,466 sqft
    2024-04-01 0 days 1,724 sqft
    2024-05-01 0 days 1,862 sqft
    2024-06-01 0 days 1,604 sqft
    2024-07-01 0 days 1,542 sqft
    2024-08-01 0 days 1,504 sqft
    2024-09-01 0 days 1,568 sqft
    2024-10-01 0 days 1,534 sqft
    Galesburg's median listing age (time on market) for 2024-10-01 was 0 days.

    Galesburg's median square footage for active listings during the 2024-10-01 period was 1,534 sqft. One year prior, the average listing was 1,521 sqft.

    Galesburg, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 527 $58,395,000 $110,806
    Refi 105 $16,315,000 $155,381
    Home Improvement 79 $3,295,000 $41,709
    Other 73 $2,975,000 $40,753
    Cash Out Refi 41 $4,315,000 $105,244

    Galesburg's most frequently cited loan purpose was Home Purchase, with 527 originations. The 2nd most popular reason was Refi, with 105 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    7-8% 256 $23,010,000 $89,883
    6-7% 231 $26,605,000 $115,173
    Over 8% 118 $5,690,000 $48,220
    5-6% 93 $19,755,000 $212,419
    <2.5% 7 $35,000 $5,000
    4-5% 3 $515,000 $171,667
    3-4% 1 $105,000 $105,000

    During 2023, Galesburg's most frequently originated rate bucket was 7-8%, with 256 originations.

    Loan Sizing (Galesburg, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 543 $27,415,000 $50,488
    $100k-200k 210 $28,880,000 $137,524
    $200k-400k 66 $17,720,000 $268,485
    $400k-600k 5 $2,315,000 $463,000
    $Over $1MM 1 $8,965,000 $8,965,000

    Galesburg's loan sizing saw the bucket of loans from $100,000 or less with 543 originations, totaling $27,415,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 337 $40,115,000 $119,036
    60-80% 128 $23,700,000 $185,156
    20-40% 95 $3,515,000 $37,000
    Under 20% 64 $1,880,000 $29,375
    40-60% 49 $5,055,000 $103,163
    Over 100% 2 $380,000 $190,000

    Galesburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 337 originations, totaling $40,115,000 in origination value.