Gloversville 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 Gloversville averaged 6.64% 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 6.63% and one month ago for the week of 2024-11-07, the average rate was 6.63%.

    Gloversville's average rate one year ago was 7.17%.

    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%
    Gloversville 30 Year Fixed Rate 2024-12-12 6.64%
    Gloversville 30 Year Fixed Rate Refi 2024-12-12 6.8%
    Gloversville 15 Year Fixed Rate 2024-12-12 5.84%
    Gloversville 15 Year Fixed Rate Refi 2024-12-12 5.74%
    Gloversville 30 Year FHA 2024-12-12 6.09%
    Gloversville 30 Year FHA Refi 2024-12-12 6.38%
    Gloversville 30 Year USDA 2024-12-12 6.1%
    Gloversville 30 Year USDA Refi 2024-12-12 6.4%
    Gloversville 30 Year VA 2024-12-12 6.18%
    Gloversville 30 Year VA Refi 2024-12-12 5.88%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Gloversville, NY.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Community Bank 52 7.16% $709
    HOMESTEAD FUNDING CORP. 41 6.53% $3,621
    SEFCU SERVICES, LLC 37 5.75% $3,846
    QUICKEN LOANS, LLC 22 7.19% $6,218
    UNITED WHOLESALE MORTGAGE, LLC 15 6.69% $7,663
    NBT Bank 10 6.25% $3,565
    NEWREZ LLC 9 7.03% $6,187
    KeyBank 7 6.67% $2,534
    Premium Mortgage Corporation 6 6.79% $6,028
    TrustCo Bank 6 6.93% $2,878
    SUNMARK FEDERAL CREDIT UNION 5 6.23% $3,710
    MOVEMENT MORTGAGE, LLC 4 6.86% $8,513
    JPMorgan Chase Bank 4 6.90% $9,578
    1ST PRIORITY MORTGAGE, INC. 4 6.81% $4,508
    GUARANTEED RATE, INC. 3 6.78% $6,478
    M&T Bank 3 6.54% $4,410
    Bank of England 2 7.13% $6,932
    BETTER MORTGAGE CORPORATION 2 6.94% $5,175
    Discover Bank 2 6.74% $0
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $7,601
    Glens Falls National Bank and Trust Company 2 6.56% $3,794
    NAVY FEDERAL CREDIT UNION 2 7.88% $5,641
    PENNYMAC LOAN SERVICES, LLC 2 6.31% $5,217
    ROYAL UNITED MORTGAGE LLC 2 7.50% $4,924
    Mortgage Research Center, LLC 1 6.50% $1,385
    First Savings Bank 1 7.88% $4,571
    Mr. Cooper ( Nationstar Mortgage ) 1 7.38% $5,319
    FIRST NEW YORK 1 5.25% $10,600
    21ST MORTGAGE CORPORATION 1 7.65% $6,963
    Farm Credit East, ACA 1 8.75% $7,787
    CONTINENTAL MORTGAGE BANKERS, INC. 1 7.25% $6,706
    NORTHERN CREDIT UNION 1 8.13% $4,743
    US MORTGAGE CORPORATION 1 7.63% $15,164
    Plains Commerce Bank 1 6.25% $9,955
    PLAZA HOME MORTGAGE, INC. 1 6.38% $5,499
    Citizens Bank 1 6.25% $3,986
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $5,839
    Chemung Canal Trust Company 1 6.13% $2,612
    Wells Fargo Bank 1 8.63% $5,797
    Bank of America 1 7.38% $6,002
    AMERICU Credit Union 1 5.50% $4,144
    TD Bank 1 5.13% $9,589
    Ally Bank 1 5.75% $9,234
    UBS Bank USA 1 7.00% $4,541
    HUNT MORTGAGE CORPORATION 1 7.13% $6,665
    GUARANTEED RATE AFFINITY, LLC 1 7.00% $6,587
    GREYLOCK 1 5.63% $3,219

    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. Louis
    Date 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
    2024-11-01 $249,900 (16.5%) $299,359 (25.8%) 0.00 118
    Gloversville's median listing price for 2024-11-01 was $249,900, a difference of $35,325 (16.5%) versus the prior year and $-800 versus the prior month.

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

    Gloversville's average listing price for 2024-11-01 was $299,359, a difference of $61,463 (25.8%) versus the prior year and $1,499 versus the prior month.

    For the 2024-11-01 period, Gloversville had 118 MLS listings, a difference of -4 listings (-3%) versus the prior month and -15 listings (-11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gloversville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,625 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
    2024-11-01 0 days 1,510 sqft
    Gloversville's median listing age (time on market) for 2024-11-01 was 0 days.

    Gloversville's median square footage for active listings during the 2024-11-01 period was 1,510 sqft. One year prior, the average listing was 1,500 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.