GRAND FORKS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Grand Forks averaged
6.36%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.47% and
one month ago for the week of 2025-02-27, the
average rate was 6.58%.
Grand Forks's average rate one year ago was 6.81%.
For refis of the same type during the week of 2025-04-03, the average rate
was 6.64%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| Grand Forks 30 Year Fixed Rate | 2025-04-03 | 6.36% |
| Grand Forks 30 Year Fixed Rate Refi | 2025-04-03 | 6.64% |
| Grand Forks 15 Year Fixed Rate | 2025-04-03 | 5.92% |
| Grand Forks 15 Year Fixed Rate Refi | 2025-04-03 | 6.02% |
| Grand Forks 30 Year FHA | 2025-04-03 | 5.94% |
| Grand Forks 30 Year FHA Refi | 2025-04-03 | 6.16% |
| Grand Forks 30 Year USDA | 2025-04-03 | 6.42% |
| Grand Forks 30 Year USDA Refi | 2025-04-03 | 6.22% |
| Grand Forks 30 Year VA | 2025-04-03 | 6.02% |
| Grand Forks 30 Year VA Refi | 2025-04-03 | 5.96% |
GRAND FORKS 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 GRAND FORKS, ND-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.).
GRAND FORKS Average Closing Costs & Other Stats
GRAND FORKS, ND-MN's 55 lenders originated 1,693
loans during 2024. The total origination value was $356,665,000, with an average loan value of
$210,670.
GRAND FORKS's average closing costs are $4,989.
The top GRAND FORKS lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
84 loans originated. Their average total fees are
$5,993, which is $1,040
higher than the next largest lender,
Gate City Bank.
The lowest fee GRAND FORKS lenders (with over 10 loans originated) are
Alerus Financial ($3,376), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($3,433), Nations Lending Corporation ($4,246), FIRST COMMUNITY CREDIT UNION ($4,529) and Barrington Bank & Trust Company, N.A. ($4,602).
The lowest rate GRAND FORKS lenders (with over 10 loans originated) are
Gate City Bank (6.07%), Barrington Bank & Trust Company, N.A. (6.28%), Frandsen Bank & Trust (6.33%), First International Bank & Trust (6.38%) and ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.43%).
GRAND FORKS, ND-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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $25,070,000 | $53,380,000 | 112.9% | 15.0% |
| Gate City Bank | $43,510,000 | $42,625,000 | -2.0% | 12.0% |
| Alerus Financial | $47,200,000 | $19,610,000 | -58.5% | 5.5% |
| Barrington Bank & Trust Company, N.A. | $13,330,000 | $17,930,000 | 34.5% | 5.0% |
| American Federal Bank | $9,420,000 | $16,655,000 | 76.8% | 4.7% |
| Bremer Bank | $48,950,000 | $16,635,000 | -66.0% | 4.7% |
| First International Bank & Trust | $12,905,000 | $15,190,000 | 17.7% | 4.3% |
| FIRST COMMUNITY CREDIT UNION | $8,740,000 | $14,520,000 | 66.1% | 4.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $11,080,000 | $14,245,000 | 28.6% | 4.0% |
| Frandsen Bank & Trust | $13,030,000 | $11,080,000 | -15.0% | 3.1% |
| Nations Lending Corporation | $2,980,000 | $10,460,000 | 251.0% | 2.9% |
| United Valley Bank | $7,445,000 | $9,895,000 | 32.9% | 2.8% |
| QUICKEN LOANS, LLC | $7,935,000 | $8,710,000 | 9.8% | 2.4% |
| First State Bank | $12,855,000 | $7,775,000 | -39.5% | 2.2% |
| Mortgage Research Center, LLC | $4,045,000 | $7,115,000 | 75.9% | 2.0% |
| U.S. Bank | $4,885,000 | $4,620,000 | -5.4% | 1.3% |
| Bank Forward | $4,115,000 | $4,605,000 | 11.9% | 1.3% |
| Choice Financial Group | $19,535,000 | $4,415,000 | -77.4% | 1.2% |
| PNC Bank | $845,000 | $3,795,000 | 349.1% | 1.1% |
| USAA Federal Savings Bank | $4,160,000 | $3,220,000 | -22.6% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $1,075,000 | $2,830,000 | 163.3% | 0.8% |
| National Exchange Bank and Trust | $2,805,000 | n/a | 0.8% | |
| LOANDEPOT.COM, LLC | $1,290,000 | $2,470,000 | 91.5% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $1,145,000 | $2,465,000 | 115.3% | 0.7% |
| Florida Capital Bank | $1,730,000 | $2,305,000 | 33.2% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,305,000 | $2,255,000 | 72.8% | 0.6% |
| First National Bank Bagley | $2,060,000 | $2,210,000 | 7.3% | 0.6% |
| AgCountry Farm Credit Services, FLCA | $985,000 | $1,820,000 | 84.8% | 0.5% |
| BROKER SOLUTIONS, INC. | $1,075,000 | $1,600,000 | 48.8% | 0.4% |
| Bell Bank | $890,000 | $1,590,000 | 78.7% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $485,000 | $1,515,000 | 212.4% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,090,000 | $1,490,000 | -28.7% | 0.4% |
| GUARANTEED RATE, INC. | $165,000 | $1,390,000 | 742.4% | 0.4% |
| AFFINITY PLUS | $275,000 | $1,375,000 | 400.0% | 0.4% |
| Union State Bank of Fargo | $645,000 | $1,285,000 | 99.2% | 0.4% |
| Merchants Bank | $530,000 | $1,250,000 | 135.8% | 0.4% |
| Wells Fargo Bank | $5,115,000 | $1,240,000 | -75.8% | 0.3% |
| CAPITAL CREDIT UNION | $1,180,000 | n/a | 0.3% | |
| NEWREZ LLC | $185,000 | $1,140,000 | 516.2% | 0.3% |
| JPMorgan Chase Bank | $370,000 | $1,080,000 | 191.9% | 0.3% |
| Beverly Bank & Trust | $1,045,000 | n/a | 0.3% | |
| NBKC BANK | $1,405,000 | $1,045,000 | -25.6% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $905,000 | $870,000 | -3.9% | 0.2% |
| 867 | $1,870,000 | $850,000 | -54.5% | 0.2% |
| RiverWood Bank | $1,085,000 | $840,000 | -22.6% | 0.2% |
| Park State Bank | $900,000 | $835,000 | -7.2% | 0.2% |
| Western State Bank | $65,000 | $820,000 | 1,161.5% | 0.2% |
| Service Federal Credit Union | $800,000 | n/a | 0.2% | |
| Village Bank & Trust | $795,000 | n/a | 0.2% | |
| Deere Employees Credit Union | $105,000 | $790,000 | 652.4% | 0.2% |
| Coulee Bank | $755,000 | n/a | 0.2% | |
| Bank of Springfield | $735,000 | n/a | 0.2% | |
| NFM, INC. | $725,000 | n/a | 0.2% | |
| Town Bank, N.A. | $705,000 | n/a | 0.2% | |
| Stifel Bank and Trust | $690,000 | n/a | 0.2% | |
| TOWN AND COUNTRY Credit Union | $400,000 | $665,000 | 66.3% | 0.2% |
| Carrington Mortgage Services, LLC | $275,000 | $585,000 | 112.7% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $570,000 | n/a | 0.2% | |
| Wheaton Bank & Trust | $565,000 | n/a | 0.2% | |
| Cambria Financial Group, LLC | $530,000 | n/a | 0.1% | |
| American Bank Center | $185,000 | $525,000 | 183.8% | 0.1% |
| Discover Bank | $455,000 | $505,000 | 11.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $455,000 | $500,000 | 9.9% | 0.1% |
| Heritage Bank | $495,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $375,000 | $490,000 | 30.7% | 0.1% |
| Coastal Community Bank | $155,000 | $480,000 | 209.7% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,010,000 | $445,000 | -55.9% | 0.1% |
| Neighborhood National Bank | $435,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $435,000 | n/a | 0.1% | |
| VALLEY MORTGAGE, INC. | $680,000 | $410,000 | -39.7% | 0.1% |
| Figure Lending LLC | $295,000 | $390,000 | 32.2% | 0.1% |
| Farmers Bank & Trust | $385,000 | n/a | 0.1% | |
| ALAMEDA MORTGAGE CORPORATION | $375,000 | n/a | 0.1% | |
| Old National Bank | $375,000 | n/a | 0.1% | |
| SPIRE Credit Union | $185,000 | $375,000 | 102.7% | 0.1% |
| CARDINAL FINANCIAL | $445,000 | $365,000 | -18.0% | 0.1% |
| Plains Commerce Bank | $360,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $355,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $345,000 | n/a | 0.1% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $345,000 | n/a | 0.1% | |
| The Huntington National Bank | $6,150,000 | $345,000 | -94.4% | 0.1% |
| Wintrust Bank, N.A. | $325,000 | n/a | 0.1% | |
| CROSSCOUNTRY MORTGAGE, LLC | $240,000 | $320,000 | 33.3% | 0.1% |
| First Western Bank & Trust | $315,000 | n/a | 0.1% | |
| THRIVENT Federal Credit Union | $315,000 | n/a | 0.1% | |
| Northview Bank | $55,000 | $305,000 | 454.5% | 0.1% |
| VISIONBank | $185,000 | $295,000 | 59.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $315,000 | $275,000 | -12.7% | 0.1% |
| Waterstone Mortgage Corporation | $275,000 | n/a | 0.1% | |
| Servion, Inc. | $640,000 | $265,000 | -58.6% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $245,000 | $260,000 | 6.1% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $245,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $235,000 | n/a | 0.1% | |
| BMO Harris Bank | $235,000 | n/a | 0.1% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $235,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $235,000 | n/a | 0.1% | |
| First National Community Bank | $225,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $360,000 | $215,000 | -40.3% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $300,000 | $215,000 | -28.3% | 0.1% |
| BAY EQUITY LLC | $230,000 | $215,000 | -6.5% | 0.1% |
| Citizens Bank | $205,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $95,000 | $185,000 | 94.7% | 0.1% |
| Tradition Mortgage, LLC | $640,000 | $185,000 | -71.1% | 0.1% |
| Truist | $185,000 | n/a | 0.1% | |
| Kirkwood Bank & Trust Co. | $125,000 | $175,000 | 40.0% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $175,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $360,000 | $165,000 | -54.2% | 0.0% |
| First Interstate Bank | $165,000 | n/a | 0.0% | |
| LEGEND LENDING CORPORATION | $165,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $345,000 | $165,000 | -52.2% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $155,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $385,000 | $155,000 | -59.7% | 0.0% |
| Bank of America | $150,000 | n/a | 0.0% | |
| Chartwell Financial, LLC | $155,000 | $150,000 | -3.2% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $135,000 | n/a | 0.0% | |
| BANKWEST, INC. | $55,000 | $115,000 | 109.1% | 0.0% |
| GUILD MORTGAGE COMPANY | $105,000 | $115,000 | 9.5% | 0.0% |
| Deerwood Bank | $95,000 | $85,000 | -10.5% | 0.0% |
| Schaumburg Bank & Trust | $75,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $175,000 | $75,000 | -57.1% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $65,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $65,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $65,000 | n/a | 0.0% | |
| Royal Credit Union | $55,000 | n/a | 0.0% | |
| Unity Bank | $2,825,000 | $55,000 | -98.1% | 0.0% |
| American National Bank of Minnesota | $35,000 | n/a | 0.0% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $15,000 | n/a | 0.0% |
GRAND FORKS's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 15.0% market share. In second place, with 12.0%, is Gate City Bank, having originated $42,625,000 in loans. In third place, with 5.5%, is Alerus Financial, having originated $19,610,000 in loans. In fourth place, with 5.0%, is Barrington Bank & Trust Company, N.A., having originated $17,930,000 in loans. In fifth place, with 4.7%, is American Federal Bank, having originated $16,655,000 in loans.
GRAND FORKS Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - GRAND FORKS (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 | $237,350 (5.5%) | $273,776 (5.2%) | 0.00 | 368 |
| 2018-02-01 | $236,950 (5.4%) | $272,224 (4.1%) | 0.00 | 370 |
| 2018-03-01 | $249,500 (10.9%) | $274,911 (3.7%) | 0.00 | 388 |
| 2018-04-01 | $250,950 (9.2%) | $282,320 (6.1%) | 0.00 | 401 |
| 2018-05-01 | $259,675 (7.1%) | $287,426 (5.6%) | 0.00 | 428 |
| 2018-06-01 | $254,000 (5.6%) | $280,172 (1.6%) | 0.00 | 493 |
| 2018-07-01 | $245,000 (6.6%) | $278,141 (2.1%) | 0.00 | 507 |
| 2018-08-01 | $238,269 (3.8%) | $272,520 (1.5%) | 0.00 | 516 |
| 2018-09-01 | $225,000 (-4.2%) | $264,301 (-3.3%) | 0.00 | 517 |
| 2018-10-01 | $219,900 (-5.4%) | $258,438 (-5.0%) | 0.00 | 501 |
| 2018-11-01 | $219,900 (-6.4%) | $257,171 (-5.2%) | 0.00 | 481 |
| 2018-12-01 | $219,900 (-8.3%) | $253,796 (-7.5%) | 0.00 | 460 |
| 2019-01-01 | $211,500 (-10.9%) | $245,148 (-10.5%) | 0.00 | 413 |
| 2019-02-01 | $208,250 (-12.1%) | $242,389 (-11.0%) | 0.00 | 413 |
| 2019-03-01 | $216,657 (-13.2%) | $246,456 (-10.4%) | 0.00 | 439 |
| 2019-04-01 | $219,000 (-12.7%) | $250,298 (-11.3%) | 0.00 | 458 |
| 2019-05-01 | $217,650 (-16.2%) | $251,230 (-12.6%) | 0.00 | 480 |
| 2019-06-01 | $220,000 (-13.4%) | $253,126 (-9.7%) | 0.00 | 498 |
| 2019-07-01 | $215,450 (-12.1%) | $244,430 (-12.1%) | 0.00 | 482 |
| 2019-08-01 | $212,077 (-11.0%) | $245,257 (-10.0%) | 0.00 | 480 |
| 2019-09-01 | $213,693 (-5.0%) | $247,055 (-6.5%) | 0.00 | 484 |
| 2019-10-01 | $212,270 (-3.5%) | $246,206 (-4.7%) | 0.00 | 480 |
| 2019-11-01 | $206,750 (-6.0%) | $240,716 (-6.4%) | 0.00 | 468 |
| 2019-12-01 | $209,900 (-4.6%) | $242,280 (-4.5%) | 0.00 | 429 |
| 2020-01-01 | $211,900 (0.2%) | $242,495 (-1.1%) | 0.00 | 389 |
| 2020-02-01 | $209,000 (0.4%) | $241,432 (-0.4%) | 0.00 | 376 |
| 2020-03-01 | $219,175 (1.2%) | $247,314 (0.4%) | 0.00 | 368 |
| 2020-04-01 | $227,450 (3.9%) | $254,007 (1.5%) | 0.00 | 367 |
| 2020-05-01 | $234,900 (7.9%) | $255,691 (1.8%) | 0.00 | 359 |
| 2020-06-01 | $235,900 (7.2%) | $263,201 (4.0%) | 0.00 | 369 |
| 2020-07-01 | $230,950 (7.2%) | $256,386 (4.9%) | 0.00 | 378 |
| 2020-08-01 | $229,900 (8.4%) | $256,582 (4.6%) | 0.00 | 356 |
| 2020-09-01 | $229,375 (7.3%) | $253,925 (2.8%) | 0.00 | 342 |
| 2020-10-01 | $216,750 (2.1%) | $249,396 (1.3%) | 0.00 | 324 |
| 2020-11-01 | $199,900 (-3.3%) | $239,769 (-0.4%) | 0.00 | 308 |
| 2020-12-01 | $199,900 (-4.8%) | $241,218 (-0.4%) | 0.00 | 285 |
| 2021-01-01 | $199,500 (-5.9%) | $236,943 (-2.3%) | 0.00 | 247 |
| 2021-02-01 | $209,000 (0.0%) | $262,683 (8.8%) | 0.00 | 227 |
| 2021-03-01 | $224,250 (2.3%) | $264,946 (7.1%) | 0.00 | 215 |
| 2021-04-01 | $237,450 (4.4%) | $282,391 (11.2%) | 0.00 | 204 |
| 2021-05-01 | $249,900 (6.4%) | $292,988 (14.6%) | 0.00 | 180 |
| 2021-06-01 | $267,450 (13.4%) | $302,910 (15.1%) | 0.00 | 205 |
| 2021-07-01 | $249,900 (8.2%) | $296,075 (15.5%) | 0.00 | 204 |
| 2021-08-01 | $264,390 (15.0%) | $289,628 (12.9%) | 0.00 | 218 |
| 2021-09-01 | $276,985 (20.8%) | $303,573 (19.6%) | 0.00 | 230 |
| 2021-10-01 | $274,500 (26.6%) | $300,440 (20.5%) | 0.00 | 224 |
| 2021-11-01 | $285,000 (42.6%) | $308,502 (28.7%) | 0.00 | 215 |
| 2021-12-01 | $294,212 (47.2%) | $315,129 (30.6%) | 0.00 | 178 |
| 2022-01-01 | $297,425 (49.1%) | $310,137 (30.9%) | 0.00 | 163 |
| 2022-02-01 | $301,325 (44.2%) | $305,529 (16.3%) | 0.00 | 150 |
| 2022-03-01 | $320,003 (42.7%) | $319,126 (20.5%) | 0.00 | 146 |
| 2022-04-01 | $320,053 (34.8%) | $321,326 (13.8%) | 0.00 | 149 |
| 2022-05-01 | $309,900 (24.0%) | $331,457 (13.1%) | 0.00 | 167 |
| 2022-06-01 | $282,450 (5.6%) | $317,670 (4.9%) | 0.00 | 207 |
| 2022-07-01 | $269,900 (8.0%) | $317,945 (7.4%) | 0.00 | 251 |
| 2022-08-01 | $252,450 (-4.5%) | $311,079 (7.4%) | 0.00 | 249 |
| 2022-09-01 | $249,675 (-9.9%) | $309,141 (1.8%) | 0.00 | 235 |
| 2022-10-01 | $249,500 (-9.1%) | $293,925 (-2.2%) | 0.00 | 233 |
| 2022-11-01 | $259,900 (-8.8%) | $295,066 (-4.4%) | 0.00 | 238 |
| 2022-12-01 | $259,950 (-11.7%) | $298,041 (-5.4%) | 0.00 | 209 |
| 2023-01-01 | $260,000 (-12.6%) | $301,392 (-2.8%) | 0.00 | 198 |
| 2023-02-01 | $284,450 (-5.6%) | $311,668 (2.0%) | 0.00 | 166 |
| 2023-03-01 | $315,800 (-1.3%) | $333,159 (4.4%) | 0.00 | 166 |
| 2023-04-01 | $299,900 (-6.3%) | $330,431 (2.8%) | 0.00 | 166 |
| 2023-05-01 | $321,008 (3.6%) | $368,123 (11.1%) | 0.00 | 176 |
| 2023-06-01 | $314,925 (11.5%) | $353,924 (11.4%) | 0.00 | 207 |
| 2023-07-01 | $325,000 (20.4%) | $361,802 (13.8%) | 0.00 | 233 |
| 2023-08-01 | $318,675 (26.2%) | $357,730 (15.0%) | 0.00 | 238 |
| 2023-09-01 | $299,900 (20.1%) | $351,138 (13.6%) | 0.00 | 257 |
| 2023-10-01 | $308,125 (23.5%) | $343,867 (17.0%) | 0.00 | 264 |
| 2023-11-01 | $310,000 (19.3%) | $343,690 (16.5%) | 0.00 | 252 |
| 2023-12-01 | $310,000 (19.3%) | $343,364 (15.2%) | 0.00 | 236 |
| 2024-01-01 | $316,250 (21.6%) | $345,893 (14.8%) | 0.00 | 214 |
| 2024-02-01 | $324,250 (14.0%) | $347,917 (11.6%) | 0.00 | 199 |
| 2024-03-01 | $330,950 (4.8%) | $356,950 (7.1%) | 0.00 | 189 |
| 2024-04-01 | $340,044 (13.4%) | $373,944 (13.2%) | 0.00 | 213 |
| 2024-05-01 | $338,725 (5.5%) | $373,389 (1.4%) | 0.00 | 230 |
| 2024-06-01 | $344,950 (9.5%) | $385,053 (8.8%) | 0.00 | 242 |
| 2024-07-01 | $329,000 (1.2%) | $384,289 (6.2%) | 0.00 | 253 |
| 2024-08-01 | $336,450 (5.6%) | $379,163 (6.0%) | 0.00 | 254 |
| 2024-09-01 | $329,450 (9.9%) | $369,146 (5.1%) | 0.00 | 254 |
| 2024-10-01 | $319,650 (3.7%) | $369,877 (7.6%) | 0.00 | 253 |
| 2024-11-01 | $300,000 (-3.2%) | $359,057 (4.5%) | 0.00 | 229 |
| 2024-12-01 | $293,000 (-5.5%) | $361,530 (5.3%) | 0.00 | 206 |
| 2025-01-01 | $283,725 (-10.3%) | $343,989 (-0.6%) | 0.00 | 178 |
| 2025-02-01 | $287,225 (-11.4%) | $351,998 (1.2%) | 0.00 | 164 |
| 2025-03-01 | $329,450 (-0.5%) | $373,844 (4.7%) | 0.00 | 160 |
GRAND FORKS's median listing price comes in at 0% of the national average.
GRAND FORKS's average listing price for 2025-03-01 was $373,844, a difference of $16,894 (4.7%) versus the prior year and $21,846 versus the prior month.
For the 2025-03-01 period, GRAND FORKS had 160 MLS listings, a difference of -4 listings (-2%) versus the prior month and -29 listings (-15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - GRAND FORKS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,214 sqft |
| 2018-02-01 | 0 days | 2,223 sqft |
| 2018-03-01 | 0 days | 2,268 sqft |
| 2018-04-01 | 0 days | 2,320 sqft |
| 2018-05-01 | 0 days | 2,340 sqft |
| 2018-06-01 | 0 days | 2,336 sqft |
| 2018-07-01 | 0 days | 2,314 sqft |
| 2018-08-01 | 0 days | 2,300 sqft |
| 2018-09-01 | 0 days | 2,262 sqft |
| 2018-10-01 | 0 days | 2,258 sqft |
| 2018-11-01 | 0 days | 2,233 sqft |
| 2018-12-01 | 0 days | 2,180 sqft |
| 2019-01-01 | 0 days | 2,173 sqft |
| 2019-02-01 | 0 days | 2,114 sqft |
| 2019-03-01 | 0 days | 2,114 sqft |
| 2019-04-01 | 0 days | 2,114 sqft |
| 2019-05-01 | 0 days | 2,120 sqft |
| 2019-06-01 | 0 days | 2,144 sqft |
| 2019-07-01 | 0 days | 2,102 sqft |
| 2019-08-01 | 0 days | 2,105 sqft |
| 2019-09-01 | 0 days | 2,109 sqft |
| 2019-10-01 | 0 days | 2,112 sqft |
| 2019-11-01 | 0 days | 2,108 sqft |
| 2019-12-01 | 0 days | 2,088 sqft |
| 2020-01-01 | 0 days | 2,075 sqft |
| 2020-02-01 | 0 days | 2,031 sqft |
| 2020-03-01 | 0 days | 2,087 sqft |
| 2020-04-01 | 0 days | 2,112 sqft |
| 2020-05-01 | 0 days | 2,112 sqft |
| 2020-06-01 | 0 days | 2,154 sqft |
| 2020-07-01 | 0 days | 2,156 sqft |
| 2020-08-01 | 0 days | 2,160 sqft |
| 2020-09-01 | 0 days | 2,182 sqft |
| 2020-10-01 | 0 days | 2,184 sqft |
| 2020-11-01 | 0 days | 2,180 sqft |
| 2020-12-01 | 0 days | 2,181 sqft |
| 2021-01-01 | 0 days | 2,120 sqft |
| 2021-02-01 | 0 days | 2,183 sqft |
| 2021-03-01 | 0 days | 2,183 sqft |
| 2021-04-01 | 0 days | 2,183 sqft |
| 2021-05-01 | 0 days | 2,184 sqft |
| 2021-06-01 | 0 days | 2,200 sqft |
| 2021-07-01 | 0 days | 2,160 sqft |
| 2021-08-01 | 0 days | 2,176 sqft |
| 2021-09-01 | 0 days | 2,171 sqft |
| 2021-10-01 | 0 days | 2,042 sqft |
| 2021-11-01 | 0 days | 2,042 sqft |
| 2021-12-01 | 0 days | 2,042 sqft |
| 2022-01-01 | 0 days | 2,042 sqft |
| 2022-02-01 | 0 days | 2,042 sqft |
| 2022-03-01 | 0 days | 2,042 sqft |
| 2022-04-01 | 0 days | 2,042 sqft |
| 2022-05-01 | 0 days | 2,042 sqft |
| 2022-06-01 | 0 days | 2,042 sqft |
| 2022-07-01 | 0 days | 2,042 sqft |
| 2022-08-01 | 0 days | 2,042 sqft |
| 2022-09-01 | 0 days | 2,042 sqft |
| 2022-10-01 | 0 days | 2,042 sqft |
| 2022-11-01 | 0 days | 2,106 sqft |
| 2022-12-01 | 0 days | 2,114 sqft |
| 2023-01-01 | 0 days | 2,074 sqft |
| 2023-02-01 | 0 days | 2,098 sqft |
| 2023-03-01 | 0 days | 2,125 sqft |
| 2023-04-01 | 0 days | 2,168 sqft |
| 2023-05-01 | 0 days | 2,183 sqft |
| 2023-06-01 | 0 days | 2,267 sqft |
| 2023-07-01 | 0 days | 2,311 sqft |
| 2023-08-01 | 0 days | 2,216 sqft |
| 2023-09-01 | 0 days | 2,184 sqft |
| 2023-10-01 | 0 days | 2,135 sqft |
| 2023-11-01 | 0 days | 2,174 sqft |
| 2023-12-01 | 0 days | 2,178 sqft |
| 2024-01-01 | 0 days | 2,130 sqft |
| 2024-02-01 | 0 days | 2,111 sqft |
| 2024-03-01 | 0 days | 2,194 sqft |
| 2024-04-01 | 0 days | 2,165 sqft |
| 2024-05-01 | 0 days | 2,153 sqft |
| 2024-06-01 | 0 days | 2,250 sqft |
| 2024-07-01 | 0 days | 2,275 sqft |
| 2024-08-01 | 0 days | 2,223 sqft |
| 2024-09-01 | 0 days | 2,206 sqft |
| 2024-10-01 | 0 days | 2,282 sqft |
| 2024-11-01 | 0 days | 2,229 sqft |
| 2024-12-01 | 0 days | 2,184 sqft |
| 2025-01-01 | 0 days | 2,119 sqft |
| 2025-02-01 | 0 days | 2,136 sqft |
| 2025-03-01 | 0 days | 2,146 sqft |
GRAND FORKS's median square footage for active listings during the 2025-03-01 period was 2,146 sqft. One year prior, the average listing was 2,194 sqft.
GRAND FORKS, ND-MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,034 | $268,510,000 | $259,681 |
| Refi | 218 | $43,320,000 | $198,716 |
| Home Improvement | 150 | $8,680,000 | $57,867 |
| Cash Out Refi | 147 | $23,205,000 | $157,857 |
| Other | 144 | $12,950,000 | $89,931 |
Grand Forks's most frequently cited loan purpose was Home Purchase, with 1,034 originations. The 2nd most popular reason was Refi, with 218 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 577 | $149,285,000 | $258,726 |
| Over 8% | 305 | $26,485,000 | $86,836 |
| 5-6% | 256 | $63,120,000 | $246,563 |
| 7-8% | 241 | $48,605,000 | $201,680 |
| 4-5% | 52 | $12,570,000 | $241,731 |
| <2.5% | 8 | $880,000 | $110,000 |
| 2.5-3% | 6 | $1,360,000 | $226,667 |
| 3-4% | 4 | $650,000 | $162,500 |
During 2024, Grand Forks's most frequently originated rate bucket was 6-7%, with 577 originations.
Loan Sizing (GRAND FORKS, ND-MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 612 | $167,890,000 | $274,330 |
| $100k-200k | 481 | $72,845,000 | $151,445 |
| $100,000 or less | 457 | $24,215,000 | $52,987 |
| $400k-600k | 99 | $46,355,000 | $468,232 |
| $600k-1000k | 35 | $24,945,000 | $712,714 |
| $Over $1MM | 9 | $20,415,000 | $2,268,333 |
GRAND FORKS's loan sizing saw the bucket of loans from $200k-400k with 612 originations, totaling $167,890,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 634 | $164,290,000 | $259,132 |
| 60-80% | 249 | $69,685,000 | $279,859 |
| Under 20% | 222 | $9,530,000 | $42,928 |
| 20-40% | 172 | $16,830,000 | $97,849 |
| 40-60% | 122 | $26,980,000 | $221,148 |
| Over 100% | 35 | $11,615,000 | $331,857 |
GRAND FORKS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 634 originations, totaling $164,290,000 in origination value.