Gloversville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Gloversville averaged
6.65%
for the week of 2024-11-27, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2024-11-21) was
6.78% and
one month ago for the week of 2024-10-24, the
average rate was 6.48%.
Gloversville's average rate one year ago was 7.33%.
For refis of the same type during the week of 2024-11-27, the average rate
was 7.01%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-11-27 | 6.81% |
Gloversville 30 Year Fixed Rate | 2024-11-27 | 6.65% |
Gloversville 30 Year Fixed Rate Refi | 2024-11-27 | 7.01% |
Gloversville 15 Year Fixed Rate | 2024-11-27 | 6.2% |
Gloversville 15 Year Fixed Rate Refi | 2024-11-27 | 6.5% |
Gloversville 30 Year FHA | 2024-11-27 | 0.11% |
Gloversville 30 Year FHA Refi | 2024-11-27 | 0.1% |
Gloversville 30 Year USDA | 2024-11-27 | 0.1% |
Gloversville 30 Year USDA Refi | 2024-11-27 | 0.2% |
Gloversville 30 Year VA | 2024-11-27 | -0.1% |
Gloversville 30 Year VA Refi | 2024-11-27 | 0.2% |
Gloversville 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 Gloversville, NY 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.).
Gloversville Average Closing Costs & Other Stats
Gloversville, NY's 47 lenders originated 755
loans during 2023. The total origination value was $132,265,000, with an average loan value of
$175,185.
Gloversville's average closing costs are $4,660.
The top Gloversville lender as defined by loan originations is Community Bank, with
52 loans originated. Their average total fees are
$709, which is $2,912
lower than the next largest lender,
HOMESTEAD FUNDING CORP..
The lowest fee Gloversville lenders (with over 10 loans originated) are
Community Bank ($709), NBT Bank ($3,565), HOMESTEAD FUNDING CORP. ($3,621), SEFCU SERVICES, LLC ($3,846) and QUICKEN LOANS, LLC ($6,218).
The lowest rate Gloversville lenders (with over 10 loans originated) are
SEFCU SERVICES, LLC (5.75%), NBT Bank (6.25%), HOMESTEAD FUNDING CORP. (6.53%), UNITED WHOLESALE MORTGAGE, LLC (6.69%) and Community Bank (7.16%).
Gloversville, NY 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 |
---|---|---|---|---|
Webster Bank | $105,000 | $15,155,000 | 14,333.3% | 11.5% |
HOMESTEAD FUNDING CORP. | $22,510,000 | $14,415,000 | -36.0% | 10.9% |
Community Bank | $16,720,000 | $11,040,000 | -34.0% | 8.3% |
SEFCU SERVICES, LLC | $7,400,000 | $9,500,000 | 28.4% | 7.2% |
QUICKEN LOANS, LLC | $9,425,000 | $9,185,000 | -2.5% | 6.9% |
NBT Bank | $7,625,000 | $6,605,000 | -13.4% | 5.0% |
UNITED WHOLESALE MORTGAGE, LLC | $3,860,000 | $6,575,000 | 70.3% | 5.0% |
STATE EMPLOYEES FEDERAL CREDIT UNION | $4,250,000 | $4,535,000 | 6.7% | 3.4% |
SUNMARK FEDERAL CREDIT UNION | $6,765,000 | $4,090,000 | -39.5% | 3.1% |
Premium Mortgage Corporation | $3,340,000 | $3,330,000 | -0.3% | 2.5% |
The National Bank of Coxsackie | $6,590,000 | $2,845,000 | -56.8% | 2.2% |
NEWREZ LLC | $820,000 | $2,830,000 | 245.1% | 2.1% |
KeyBank | $7,960,000 | $2,675,000 | -66.4% | 2.0% |
TrustCo Bank | $3,765,000 | $2,565,000 | -31.9% | 1.9% |
Ballston Spa National Bank | $1,195,000 | $2,480,000 | 107.5% | 1.9% |
Citizens Bank | $3,315,000 | $2,130,000 | -35.7% | 1.6% |
Mortgage Research Center, LLC | $2,420,000 | $2,110,000 | -12.8% | 1.6% |
NAVY FEDERAL CREDIT UNION | $2,210,000 | $1,895,000 | -14.3% | 1.4% |
M&T Bank | $3,430,000 | $1,355,000 | -60.5% | 1.0% |
PLAZA HOME MORTGAGE, INC. | $2,690,000 | $1,300,000 | -51.7% | 1.0% |
First National Bank of Scotia | $495,000 | $1,260,000 | 154.5% | 1.0% |
1ST PRIORITY MORTGAGE, INC. | $3,945,000 | $1,240,000 | -68.6% | 0.9% |
AMERICAN FINANCIAL RESOURCES, INC. | $1,865,000 | $1,230,000 | -34.0% | 0.9% |
JPMorgan Chase Bank | $335,000 | $1,140,000 | 240.3% | 0.9% |
MOVEMENT MORTGAGE, LLC | $1,105,000 | $1,125,000 | 1.8% | 0.9% |
TD Bank | $1,005,000 | n/a | 0.8% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $580,000 | $795,000 | 37.1% | 0.6% |
GUARANTEED RATE, INC. | $295,000 | $795,000 | 169.5% | 0.6% |
Discover Bank | $45,000 | $755,000 | 1,577.8% | 0.6% |
CROSSCOUNTRY MORTGAGE, LLC | $695,000 | $745,000 | 7.2% | 0.6% |
US MORTGAGE CORPORATION | $725,000 | n/a | 0.5% | |
FIRST NEW YORK | $1,800,000 | $685,000 | -61.9% | 0.5% |
21ST MORTGAGE CORPORATION | $480,000 | $680,000 | 41.7% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $2,015,000 | $645,000 | -68.0% | 0.5% |
Saratoga National Bank and Trust Company | $1,005,000 | $630,000 | -37.3% | 0.5% |
AMERICAN FINANCIAL NETWORK, INC. | $550,000 | n/a | 0.4% | |
The Adirondack Trust Company | $545,000 | n/a | 0.4% | |
GPO Federal Credit Union | $345,000 | $475,000 | 37.7% | 0.4% |
Walden Savings Bank | $475,000 | n/a | 0.4% | |
Farm Credit East, ACA | $535,000 | $425,000 | -20.6% | 0.3% |
UBS Bank USA | $405,000 | n/a | 0.3% | |
PENNYMAC LOAN SERVICES, LLC | $135,000 | $400,000 | 196.3% | 0.3% |
Chemung Canal Trust Company | $895,000 | $390,000 | -56.4% | 0.3% |
CREDIT HUMAN FEDERAL CREDIT UNION | $75,000 | $380,000 | 406.7% | 0.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $295,000 | $365,000 | 23.7% | 0.3% |
TRIAD FINANCIAL SERVICES, INC. | $335,000 | n/a | 0.3% | |
Glens Falls National Bank and Trust Company | $695,000 | $330,000 | -52.5% | 0.2% |
Plains Commerce Bank | $325,000 | n/a | 0.2% | |
Bank of England | $320,000 | n/a | 0.2% | |
EMM LOANS LLC | $320,000 | n/a | 0.2% | |
First Savings Bank | $305,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $480,000 | $290,000 | -39.6% | 0.2% |
EMBRACE HOME LOANS, INC. | $275,000 | n/a | 0.2% | |
The Federal Savings Bank | $275,000 | $275,000 | 0.0% | 0.2% |
Bank of America | $1,700,000 | $265,000 | -84.4% | 0.2% |
RELIANCE FIRST CAPITAL, LLC | $115,000 | $265,000 | 130.4% | 0.2% |
USAA Federal Savings Bank | $290,000 | $265,000 | -8.6% | 0.2% |
BETTER MORTGAGE CORPORATION | $145,000 | $260,000 | 79.3% | 0.2% |
Berkshire Bank | $245,000 | $250,000 | 2.0% | 0.2% |
CONTINENTAL MORTGAGE BANKERS, INC. | $245,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $740,000 | $245,000 | -66.9% | 0.2% |
LENDSURE MORTGAGE CORP. | $235,000 | n/a | 0.2% | |
AMERICU Credit Union | $270,000 | $225,000 | -16.7% | 0.2% |
Ally Bank | $205,000 | n/a | 0.2% | |
GUARANTEED RATE AFFINITY, LLC | $205,000 | n/a | 0.2% | |
Wells Fargo Bank | $1,305,000 | $190,000 | -85.4% | 0.1% |
Hometown Equity Mortgage, LLC | $125,000 | $185,000 | 48.0% | 0.1% |
DOMINION FINANCIAL SERVICES, LLC | $160,000 | n/a | 0.1% | |
GREYLOCK | $145,000 | n/a | 0.1% | |
FIRST SOURCE | $140,000 | $125,000 | -10.7% | 0.1% |
HUNT MORTGAGE CORPORATION | $345,000 | $125,000 | -63.8% | 0.1% |
Empower Federal Credit Union | $180,000 | $120,000 | -33.3% | 0.1% |
Pioneer Bank | $120,000 | n/a | 0.1% | |
Centier Bank | $115,000 | n/a | 0.1% | |
NORTHERN CREDIT UNION | $115,000 | n/a | 0.1% | |
AMERICAN HERITAGE LENDING, INC. | $95,000 | n/a | 0.1% | |
Adirondack Bank | $340,000 | $85,000 | -75.0% | 0.1% |
CARDINAL FINANCIAL | $290,000 | $85,000 | -70.7% | 0.1% |
HUDSON VALLEY CREDIT UNION | $245,000 | $85,000 | -65.3% | 0.1% |
GREENWOOD | $80,000 | n/a | 0.1% | |
FIRST CREDIT CORPORATION OF NEW YORK, INC. | $150,000 | $70,000 | -53.3% | 0.1% |
PNC Bank | $70,000 | n/a | 0.1% | |
A&D Mortgage LLC | $65,000 | n/a | 0.0% | |
COMMUNITY RESOURCE FEDERAL CREDIT UNION | $295,000 | $55,000 | -81.4% | 0.0% |
GHS Federal Credit Union | $95,000 | $55,000 | -42.1% | 0.0% |
Bethpage Federal Credit Union | $350,000 | $35,000 | -90.0% | 0.0% |
Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% | |
School Systems FCU | $15,000 | n/a | 0.0% |
Gloversville's top lender by overall market share is Webster Bank, with 11.5% market share. In second place, with 10.9%, is HOMESTEAD FUNDING CORP., having originated $14,415,000 in loans. In third place, with 8.3%, is Community Bank, having originated $11,040,000 in loans. In fourth place, with 7.2%, is SEFCU SERVICES, LLC, having originated $9,500,000 in loans. In fifth place, with 6.9%, is QUICKEN LOANS, LLC, having originated $9,185,000 in loans.
Gloversville Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Gloversville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $136,625 (12.6%) | $184,983 (9.9%) | 0.00 | 238 |
2018-02-01 | $138,375 (16.3%) | $187,069 (13.3%) | 0.00 | 222 |
2018-03-01 | $136,250 (18.5%) | $190,347 (19.6%) | 0.00 | 226 |
2018-04-01 | $138,100 (15.2%) | $191,786 (14.9%) | 0.00 | 231 |
2018-05-01 | $159,250 (25.2%) | $205,310 (14.9%) | 0.00 | 276 |
2018-06-01 | $159,900 (23.0%) | $204,462 (14.5%) | 0.00 | 299 |
2018-07-01 | $159,900 (16.7%) | $201,919 (10.4%) | 0.00 | 325 |
2018-08-01 | $167,400 (12.2%) | $209,227 (7.6%) | 0.00 | 314 |
2018-09-01 | $164,900 (10.3%) | $199,833 (1.8%) | 0.00 | 327 |
2018-10-01 | $163,100 (8.9%) | $201,854 (3.5%) | 0.00 | 314 |
2018-11-01 | $159,675 (7.1%) | $198,375 (2.9%) | 0.00 | 303 |
2018-12-01 | $149,900 (7.8%) | $187,631 (1.8%) | 0.00 | 278 |
2019-01-01 | $152,250 (11.4%) | $186,194 (0.7%) | 0.00 | 253 |
2019-02-01 | $144,700 (4.6%) | $178,498 (-4.6%) | 0.00 | 247 |
2019-03-01 | $149,514 (9.7%) | $181,875 (-4.5%) | 0.00 | 240 |
2019-04-01 | $158,450 (14.7%) | $187,884 (-2.0%) | 0.00 | 241 |
2019-05-01 | $168,950 (6.1%) | $198,137 (-3.5%) | 0.00 | 273 |
2019-06-01 | $174,000 (8.8%) | $206,604 (1.1%) | 0.00 | 296 |
2019-07-01 | $174,900 (9.4%) | $207,829 (2.9%) | 0.00 | 317 |
2019-08-01 | $168,845 (0.9%) | $208,079 (-0.6%) | 0.00 | 328 |
2019-09-01 | $158,189 (-4.1%) | $204,426 (2.3%) | 0.00 | 327 |
2019-10-01 | $149,450 (-8.4%) | $199,229 (-1.3%) | 0.00 | 319 |
2019-11-01 | $139,900 (-12.4%) | $196,310 (-1.0%) | 0.00 | 289 |
2019-12-01 | $143,325 (-4.4%) | $198,512 (5.8%) | 0.00 | 270 |
2020-01-01 | $141,550 (-7.0%) | $197,959 (6.3%) | 0.00 | 248 |
2020-02-01 | $139,000 (-3.9%) | $195,750 (9.7%) | 0.00 | 248 |
2020-03-01 | $156,200 (4.5%) | $207,145 (13.9%) | 0.00 | 222 |
2020-04-01 | $159,225 (0.5%) | $210,429 (12.0%) | 0.00 | 207 |
2020-05-01 | $169,000 (0.0%) | $212,289 (7.1%) | 0.00 | 193 |
2020-06-01 | $177,950 (2.3%) | $214,069 (3.6%) | 0.00 | 172 |
2020-07-01 | $159,950 (-8.6%) | $214,676 (3.3%) | 0.00 | 174 |
2020-08-01 | $187,000 (10.8%) | $230,809 (10.9%) | 0.00 | 168 |
2020-09-01 | $187,175 (18.3%) | $225,060 (10.1%) | 0.00 | 169 |
2020-10-01 | $167,450 (12.0%) | $220,618 (10.7%) | 0.00 | 146 |
2020-11-01 | $159,000 (13.7%) | $221,718 (12.9%) | 0.00 | 145 |
2020-12-01 | $161,150 (12.4%) | $220,313 (11.0%) | 0.00 | 126 |
2021-01-01 | $149,900 (5.9%) | $210,071 (6.1%) | 0.00 | 104 |
2021-02-01 | $159,900 (15.0%) | $228,058 (16.5%) | 0.00 | 94 |
2021-03-01 | $149,900 (-4.0%) | $226,783 (9.5%) | 0.00 | 86 |
2021-04-01 | $173,425 (8.9%) | $250,927 (19.3%) | 0.00 | 91 |
2021-05-01 | $199,000 (17.8%) | $262,877 (23.8%) | 0.00 | 96 |
2021-06-01 | $200,000 (12.4%) | $285,696 (33.5%) | 0.00 | 116 |
2021-07-01 | $215,000 (34.4%) | $298,235 (38.9%) | 0.00 | 137 |
2021-08-01 | $219,900 (17.6%) | $313,865 (36.0%) | 0.00 | 146 |
2021-09-01 | $216,950 (15.9%) | $313,177 (39.2%) | 0.00 | 149 |
2021-10-01 | $205,000 (22.4%) | $293,464 (33.0%) | 0.00 | 145 |
2021-11-01 | $194,450 (22.3%) | $271,457 (22.4%) | 0.00 | 133 |
2021-12-01 | $189,000 (17.3%) | $246,086 (11.7%) | 0.00 | 119 |
2022-01-01 | $197,000 (31.4%) | $246,148 (17.2%) | 0.00 | 103 |
2022-02-01 | $209,450 (31.0%) | $245,947 (7.8%) | 0.00 | 82 |
2022-03-01 | $218,500 (45.8%) | $262,642 (15.8%) | 0.00 | 62 |
2022-04-01 | $215,000 (24.0%) | $268,780 (7.1%) | 0.00 | 67 |
2022-05-01 | $204,900 (3.0%) | $279,794 (6.4%) | 0.00 | 82 |
2022-06-01 | $202,100 (1.1%) | $300,908 (5.3%) | 0.00 | 110 |
2022-07-01 | $219,900 (2.3%) | $304,813 (2.2%) | 0.00 | 128 |
2022-08-01 | $221,900 (0.9%) | $305,623 (-2.6%) | 0.00 | 133 |
2022-09-01 | $206,200 (-5.0%) | $290,486 (-7.3%) | 0.00 | 148 |
2022-10-01 | $215,000 (4.9%) | $288,040 (-1.9%) | 0.00 | 136 |
2022-11-01 | $211,950 (9.0%) | $279,075 (2.8%) | 0.00 | 133 |
2022-12-01 | $199,900 (5.8%) | $263,518 (7.1%) | 0.00 | 114 |
2023-01-01 | $209,975 (6.6%) | $268,254 (9.0%) | 0.00 | 109 |
2023-02-01 | $213,750 (2.1%) | $262,345 (6.7%) | 0.00 | 107 |
2023-03-01 | $210,000 (-3.9%) | $267,789 (2.0%) | 0.00 | 94 |
2023-04-01 | $209,900 (-2.4%) | $265,422 (-1.3%) | 0.00 | 93 |
2023-05-01 | $227,450 (11.0%) | $291,804 (4.3%) | 0.00 | 102 |
2023-06-01 | $226,000 (11.8%) | $279,410 (-7.1%) | 0.00 | 109 |
2023-07-01 | $224,950 (2.3%) | $271,153 (-11.0%) | 0.00 | 135 |
2023-08-01 | $212,450 (-4.3%) | $262,616 (-14.1%) | 0.00 | 135 |
2023-09-01 | $225,000 (9.1%) | $258,782 (-10.9%) | 0.00 | 136 |
2023-10-01 | $199,900 (-7.0%) | $242,890 (-15.7%) | 0.00 | 130 |
2023-11-01 | $214,575 (1.2%) | $237,896 (-14.8%) | 0.00 | 133 |
2023-12-01 | $225,000 (12.6%) | $250,858 (-4.8%) | 0.00 | 118 |
2024-01-01 | $217,400 (3.5%) | $234,590 (-12.6%) | 0.00 | 106 |
2024-02-01 | $199,900 (-6.5%) | $236,406 (-9.9%) | 0.00 | 96 |
2024-03-01 | $199,950 (-4.8%) | $250,395 (-6.5%) | 0.00 | 90 |
2024-04-01 | $213,750 (1.8%) | $275,199 (3.7%) | 0.00 | 99 |
2024-05-01 | $234,900 (3.3%) | $320,444 (9.8%) | 0.00 | 105 |
2024-06-01 | $248,250 (9.9%) | $282,999 (1.3%) | 0.00 | 132 |
2024-07-01 | $230,722 (2.6%) | $268,218 (-1.1%) | 0.00 | 143 |
2024-08-01 | $229,894 (8.2%) | $268,026 (2.1%) | 0.00 | 140 |
2024-09-01 | $233,697 (3.9%) | $266,903 (3.1%) | 0.00 | 137 |
2024-10-01 | $250,700 (25.4%) | $297,860 (22.6%) | 0.00 | 122 |
Gloversville's median listing price comes in at 0% of the national average.
Gloversville's average listing price for 2024-10-01 was $297,860, a difference of $54,970 (22.6%) versus the prior year and $30,957 versus the prior month.
For the 2024-10-01 period, Gloversville had 122 MLS listings, a difference of -15 listings (-11%) versus the prior month and -8 listings (-6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Gloversville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,625 sqft |
2018-02-01 | 0 days | 1,646 sqft |
2018-03-01 | 0 days | 1,621 sqft |
2018-04-01 | 0 days | 1,621 sqft |
2018-05-01 | 0 days | 1,591 sqft |
2018-06-01 | 0 days | 1,598 sqft |
2018-07-01 | 0 days | 1,616 sqft |
2018-08-01 | 0 days | 1,638 sqft |
2018-09-01 | 0 days | 1,620 sqft |
2018-10-01 | 0 days | 1,615 sqft |
2018-11-01 | 0 days | 1,620 sqft |
2018-12-01 | 0 days | 1,623 sqft |
2019-01-01 | 0 days | 1,624 sqft |
2019-02-01 | 0 days | 1,622 sqft |
2019-03-01 | 0 days | 1,628 sqft |
2019-04-01 | 0 days | 1,629 sqft |
2019-05-01 | 0 days | 1,640 sqft |
2019-06-01 | 0 days | 1,623 sqft |
2019-07-01 | 0 days | 1,625 sqft |
2019-08-01 | 0 days | 1,608 sqft |
2019-09-01 | 0 days | 1,583 sqft |
2019-10-01 | 0 days | 1,567 sqft |
2019-11-01 | 0 days | 1,564 sqft |
2019-12-01 | 0 days | 1,567 sqft |
2020-01-01 | 0 days | 1,562 sqft |
2020-02-01 | 0 days | 1,568 sqft |
2020-03-01 | 0 days | 1,608 sqft |
2020-04-01 | 0 days | 1,580 sqft |
2020-05-01 | 0 days | 1,592 sqft |
2020-06-01 | 0 days | 1,611 sqft |
2020-07-01 | 0 days | 1,549 sqft |
2020-08-01 | 0 days | 1,647 sqft |
2020-09-01 | 0 days | 1,707 sqft |
2020-10-01 | 0 days | 1,708 sqft |
2020-11-01 | 0 days | 1,708 sqft |
2020-12-01 | 0 days | 1,674 sqft |
2021-01-01 | 0 days | 1,687 sqft |
2021-02-01 | 0 days | 1,705 sqft |
2021-03-01 | 0 days | 1,614 sqft |
2021-04-01 | 0 days | 1,672 sqft |
2021-05-01 | 0 days | 1,648 sqft |
2021-06-01 | 0 days | 1,580 sqft |
2021-07-01 | 0 days | 1,694 sqft |
2021-08-01 | 0 days | 1,622 sqft |
2021-09-01 | 0 days | 1,608 sqft |
2021-10-01 | 0 days | 1,700 sqft |
2021-11-01 | 0 days | 1,665 sqft |
2021-12-01 | 0 days | 1,669 sqft |
2022-01-01 | 0 days | 1,780 sqft |
2022-02-01 | 0 days | 1,760 sqft |
2022-03-01 | 0 days | 1,706 sqft |
2022-04-01 | 0 days | 1,689 sqft |
2022-05-01 | 0 days | 1,525 sqft |
2022-06-01 | 0 days | 1,534 sqft |
2022-07-01 | 0 days | 1,578 sqft |
2022-08-01 | 0 days | 1,554 sqft |
2022-09-01 | 0 days | 1,511 sqft |
2022-10-01 | 0 days | 1,520 sqft |
2022-11-01 | 0 days | 1,532 sqft |
2022-12-01 | 0 days | 1,520 sqft |
2023-01-01 | 0 days | 1,520 sqft |
2023-02-01 | 0 days | 1,528 sqft |
2023-03-01 | 0 days | 1,557 sqft |
2023-04-01 | 0 days | 1,642 sqft |
2023-05-01 | 0 days | 1,592 sqft |
2023-06-01 | 0 days | 1,595 sqft |
2023-07-01 | 0 days | 1,585 sqft |
2023-08-01 | 0 days | 1,552 sqft |
2023-09-01 | 0 days | 1,520 sqft |
2023-10-01 | 0 days | 1,539 sqft |
2023-11-01 | 0 days | 1,500 sqft |
2023-12-01 | 0 days | 1,484 sqft |
2024-01-01 | 0 days | 1,506 sqft |
2024-02-01 | 0 days | 1,509 sqft |
2024-03-01 | 0 days | 1,500 sqft |
2024-04-01 | 0 days | 1,478 sqft |
2024-05-01 | 0 days | 1,444 sqft |
2024-06-01 | 0 days | 1,482 sqft |
2024-07-01 | 0 days | 1,477 sqft |
2024-08-01 | 0 days | 1,466 sqft |
2024-09-01 | 0 days | 1,489 sqft |
2024-10-01 | 0 days | 1,494 sqft |
Gloversville's median square footage for active listings during the 2024-10-01 period was 1,494 sqft. One year prior, the average listing was 1,539 sqft.
Gloversville, NY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 450 | $103,170,000 | $229,267 |
Home Improvement | 128 | $9,010,000 | $70,391 |
Cash Out Refi | 68 | $10,640,000 | $156,471 |
Other | 56 | $4,050,000 | $72,321 |
Refi | 53 | $5,395,000 | $101,792 |
Gloversville's most frequently cited loan purpose was Home Purchase, with 450 originations. The 2nd most popular reason was Home Improvement, with 128 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 278 | $48,870,000 | $175,791 |
7-8% | 175 | $40,935,000 | $233,914 |
5-6% | 98 | $18,890,000 | $192,755 |
Over 8% | 88 | $8,170,000 | $92,841 |
<2.5% | 30 | $1,830,000 | $61,000 |
3-4% | 29 | $2,525,000 | $87,069 |
4-5% | 19 | $2,805,000 | $147,632 |
2.5-3% | 1 | $15,000 | $15,000 |
During 2023, Gloversville's most frequently originated rate bucket was 6-7%, with 278 originations.
Loan Sizing (Gloversville, NY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 307 | $43,515,000 | $141,743 |
$100,000 or less | 260 | $15,100,000 | $58,077 |
$200k-400k | 154 | $41,170,000 | $267,338 |
$400k-600k | 27 | $12,755,000 | $472,407 |
$600k-1000k | 5 | $3,565,000 | $713,000 |
$Over $1MM | 2 | $16,160,000 | $8,080,000 |
Gloversville's loan sizing saw the bucket of loans from $100k-200k with 307 originations, totaling $43,515,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 338 | $64,900,000 | $192,012 |
60-80% | 121 | $21,085,000 | $174,256 |
20-40% | 105 | $8,535,000 | $81,286 |
40-60% | 72 | $24,370,000 | $338,472 |
Under 20% | 70 | $2,600,000 | $37,143 |
Over 100% | 10 | $2,480,000 | $248,000 |
Gloversville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 338 originations, totaling $64,900,000 in origination value.