Hillsdale Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Hillsdale averaged 7.04% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 7.13% and one month ago for the week of 2023-08-17, the average rate was 7.04%.

Hillsdale's average rate one year ago was 6.07%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.59%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Hillsdale 30 Year Fixed Rate 2023-09-21 7.04%
Hillsdale 30 Year Fixed Rate Refi 2023-09-21 7.59%
Hillsdale 15 Year Fixed Rate 2023-09-21 6.34%
Hillsdale 15 Year Fixed Rate Refi 2023-09-21 6.54%
Hillsdale 30 Year FHA 2023-09-21 6.83%
Hillsdale 30 Year FHA Refi 2023-09-21 6.94%
Hillsdale 30 Year USDA 2023-09-21 7.02%
Hillsdale 30 Year USDA Refi 2023-09-21 7.12%
Hillsdale 30 Year VA 2023-09-21 6.72%
Hillsdale 30 Year VA Refi 2023-09-21 6.92%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hillsdale, MI.

Hillsdale 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 Hillsdale, MI 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
County National Bank 70 5.38% $3,695
QUICKEN LOANS, LLC 29 5.15% $5,211
RUOFF MORTGAGE COMPANY, INC. 24 5.24% $3,109
Flagstar Bank, FSB 15 5.18% $3,289
Fifth Third Bank 14 5.27% $3,209
Southern Michigan Bank & Trust 12 5.38% $3,058
AMERIFIRST FINANCIAL CORPORATION 12 5.75% $4,797
UNITED WHOLESALE MORTGAGE, LLC 11 4.68% $5,368
The Dart Bank 10 5.28% $3,168
First Federal Bank of the Midwest 10 4.98% $3,046
The Huntington National Bank 8 4.77% $3,755
TLC COMMUNITY Credit Union 8 4.67% $2,677
Old National Bank 7 5.57% $2,904
The State Bank and Trust Company 6 4.35% $4,359
OAK MORTGAGE, LLC 6 4.02% $2,753
GreenStone Farm Credit Services, FLCA 6 6.31% $3,788
GVC MORTGAGE, INC. 6 5.73% $4,748
Honor Credit Union 5 4.73% $2,417
MORTGAGE 1 INCORPORATED 5 5.60% $5,194
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 5.70% $4,534
CROSSCOUNTRY MORTGAGE, LLC 5 5.00% $6,772
Wells Fargo Bank 4 4.28% $3,690
Mr. Cooper ( Nationstar Mortgage ) 4 5.21% $6,329
JPMorgan Chase Bank 4 4.06% $2,785
First Western Trust Bank 3 6.92% $4,714
UNION HOME MORTGAGE CORP. 3 5.63% $3,075
The Farmers & Merchants State Bank 3 5.12% $3,111
Comerica Bank 3 5.58% $3,135
LAKEVIEW LOAN SERVICING, LLC 3 4.92% $4,389
CALIBER HOME LOANS, INC. 3 6.23% $5,708
CONSUMERS 3 4.83% $4,215
First Merchants Bank 2 4.88% $4,737
Mortgage Research Center, LLC 2 6.43% $2,223
AMERICAN FINANCING CORPORATION 2 4.44% $5,369
MORTGAGE CENTER L.C 2 4.88% $5,977
HOME POINT FINANCIAL CORPORATION 2 4.56% $4,015
First Federal Savings and Loan Association of Lakewood 2 7.01% $2,740
Citizens Bank 2 5.06% $5,751
BROKER SOLUTIONS, INC. 2 5.49% $6,416
KeyBank 2 4.31% $5,700
EVERETT FINANCIAL, INC. 2 4.50% $1,907
LOANDEPOT.COM, LLC 2 4.56% $2,658
ROYAL UNITED MORTGAGE LLC 2 4.31% $6,334
ProFed Federal Credit Union 2 4.56% $2,632
TEACHERS CREDIT UNION 2 4.50% $2,911
PNC Bank 2 5.63% $2,872
COMMUNITY FINANCIAL CREDIT UNION 2 3.75% $2,791
PENNYMAC LOAN SERVICES, LLC 2 5.37% $6,135
NEWREZ LLC 2 3.56% $2,665
MID AMERICA MORTGAGE, INC. 1 5.38% $3,582
ACADEMY MORTGAGE CORPORATION 1 3.63% $2,862
Ally Bank 1 3.75% $2,163
AMERISAVE MORTGAGE CORPORATION 1 4.63% $2,792
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.25% $4,524
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.99% $6,723
Citibank 1 3.88% $6,288
Civista Bank 1 6.88% $2,797
Colonial Savings, F.A. 1 5.25% $4,345
DFCU FINANCIAL 1 5.38% $3,100
Directions Credit Union, Inc. 1 5.25% $1,626
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.50% $4,173
Farmers State Bank 1 5.49% $2,813
FBC MORTGAGE, LLC 1 4.50% $1,894
FIRST CENTENNIAL MORTGAGE CORPORATION 1 5.00% $4,185
FORT FINANCIAL Federal Credit Union 1 6.25% $2,741
Gateway First Bank 1 5.00% $4,939
GENEVA FINANCIAL, LLC 1 5.88% $5,522
Hometown Lenders, Inc. 1 4.88% $8,110
HOWARD HANNA FINANCIAL SERVICES, INC. 1 5.00% $5,842
Kellogg Community Credit Union 1 5.38% $2,687
LAKE MICHIGAN CREDIT UNION 1 4.00% $3,387
MARSHALL COMMUNITY CREDIT UNION 1 5.50% $3,181
MEMBER FIRST MORTGAGE, LLC 1 3.88% $2,972
Mercantile Bank of Michigan 1 5.63% $2,834
MICHIGAN MUTUAL, INC. 1 5.88% $6,107
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 5.13% $3,892
1st Source Bank 1 6.38% $2,657
Morgan Stanley Private Bank 1 3.60% $2,776
Neighborhood Loans, Inc. 1 3.50% $3,031
NORTHERN MORTGAGE SERVICES, LLC 1 3.13% $3,232
Paramount Residential Mortgage Group, Inc. 1 3.75% $3,787
PLANET HOME LENDING, LLC 1 7.13% $3,502
ROSS MORTGAGE CORPORATION 1 5.88% $5,154
Semper Home Loans, Inc. 1 6.50% $8,045
USAA Federal Savings Bank 1 6.13% $6,958
U.S. Bank 1 4.88% $6,596

Hillsdale Average Closing Costs & Other Stats

Hillsdale, MI's 86 lenders originated 973 loans during 2022. The total origination value was $146,445,000, with an average loan value of $150,509.

Hillsdale's average closing costs are $3,971.

The top Hillsdale lender as defined by loan originations is County National Bank, with 70 loans originated. Their average total fees are $3,695, which is $1,516 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Hillsdale lenders (with over 10 loans originated) are First Federal Bank of the Midwest ($3,046), Southern Michigan Bank & Trust ($3,058), RUOFF MORTGAGE COMPANY, INC. ($3,109), The Dart Bank ($3,168) and Fifth Third Bank ($3,209).

The lowest rate Hillsdale lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (4.68%), First Federal Bank of the Midwest (4.98%), QUICKEN LOANS, LLC (5.15%), Flagstar Bank, FSB (5.18%) and RUOFF MORTGAGE COMPANY, INC. (5.24%).

Hillsdale, MI 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
County National Bank $31,145,000 $18,920,000 -39.3% 12.9%
QUICKEN LOANS, LLC $23,080,000 $14,390,000 -37.7% 9.8%
RUOFF MORTGAGE COMPANY, INC. $13,550,000 $7,935,000 -41.4% 5.4%
The Huntington National Bank $13,430,000 $6,875,000 -48.8% 4.7%
Southern Michigan Bank & Trust $10,160,000 $6,030,000 -40.6% 4.1%
Fifth Third Bank $5,705,000 $5,445,000 -4.6% 3.7%
UNITED WHOLESALE MORTGAGE, LLC $4,675,000 $4,740,000 1.4% 3.2%
AMERIFIRST FINANCIAL CORPORATION $5,645,000 $4,540,000 -19.6% 3.1%
Flagstar Bank, FSB $5,535,000 $3,785,000 -31.6% 2.6%
The Dart Bank $3,125,000 $3,410,000 9.1% 2.3%
Old National Bank $4,265,000 $3,000,000 -29.7% 2.0%
Mortgage Research Center, LLC $2,730,000 $2,615,000 -4.2% 1.8%
First Federal Bank of the Midwest $4,490,000 $2,460,000 -45.2% 1.7%
MORTGAGE 1 INCORPORATED $6,905,000 $2,245,000 -67.5% 1.5%
Honor Credit Union $4,185,000 $2,140,000 -48.9% 1.5%
CROSSCOUNTRY MORTGAGE, LLC $2,560,000 $2,015,000 -21.3% 1.4%
GVC MORTGAGE, INC. $1,590,000 $1,910,000 20.1% 1.3%
TLC COMMUNITY Credit Union $1,660,000 $1,885,000 13.6% 1.3%
The State Bank and Trust Company $1,455,000 $1,780,000 22.3% 1.2%
PNC Bank $2,915,000 $1,710,000 -41.3% 1.2%
OAK MORTGAGE, LLC $1,845,000 $1,700,000 -7.9% 1.2%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $3,015,000 $1,630,000 -45.9% 1.1%
Mr. Cooper ( Nationstar Mortgage ) $2,090,000 $1,455,000 -30.4% 1.0%
KeyBank $1,740,000 $1,445,000 -17.0% 1.0%
Homestead Savings Bank $1,600,000 $1,380,000 -13.8% 0.9%
AMERISAVE MORTGAGE CORPORATION $1,140,000 $1,310,000 14.9% 0.9%
LOANDEPOT.COM, LLC $2,355,000 $1,275,000 -45.9% 0.9%
The Farmers & Merchants State Bank $655,000 $1,240,000 89.3% 0.8%
COMMUNITY CHOICE CREDIT UNION $790,000 $1,225,000 55.1% 0.8%
JPMorgan Chase Bank $1,290,000 $1,180,000 -8.5% 0.8%
GreenStone Farm Credit Services, FLCA $2,390,000 $1,110,000 -53.6% 0.8%
Bank of America $345,000 $1,000,000 189.9% 0.7%
FREEDOM MORTGAGE CORPORATION $2,870,000 $970,000 -66.2% 0.7%
First Merchants Bank $920,000 n/a 0.6%
HOME POINT FINANCIAL CORPORATION $2,275,000 $860,000 -62.2% 0.6%
CONSUMERS $1,645,000 $845,000 -48.6% 0.6%
Wells Fargo Bank $1,065,000 $800,000 -24.9% 0.5%
Citizens Bank $720,000 $715,000 -0.7% 0.5%
PENNYMAC LOAN SERVICES, LLC $2,200,000 $705,000 -68.0% 0.5%
UNIVERSITY LENDING GROUP, LLC $700,000 n/a 0.5%
COMMUNITY FINANCIAL CREDIT UNION $435,000 $645,000 48.3% 0.4%
Hometown Lenders, Inc. $145,000 $640,000 341.4% 0.4%
Comerica Bank $775,000 $595,000 -23.2% 0.4%
Barrington Bank & Trust Company, N.A. $320,000 $590,000 84.4% 0.4%
Directions Credit Union, Inc. $155,000 $560,000 261.3% 0.4%
MEMBER FIRST MORTGAGE, LLC $375,000 $555,000 48.0% 0.4%
EVERETT FINANCIAL, INC. $335,000 $520,000 55.2% 0.4%
UNION HOME MORTGAGE CORP. $2,570,000 $520,000 -79.8% 0.4%
NEW DAY FINANCIAL, LLC $1,110,000 $505,000 -54.5% 0.3%
MORTGAGE CENTER L.C $935,000 $480,000 -48.7% 0.3%
AMERICAN FINANCING CORPORATION $390,000 $475,000 21.8% 0.3%
BROKER SOLUTIONS, INC. $325,000 $455,000 40.0% 0.3%
Neighborhood Loans, Inc. $820,000 $455,000 -44.5% 0.3%
NEWREZ LLC $1,315,000 $450,000 -65.8% 0.3%
DFCU FINANCIAL $620,000 $445,000 -28.2% 0.3%
Farmers State Bank $540,000 $440,000 -18.5% 0.3%
CALIBER HOME LOANS, INC. $2,580,000 $435,000 -83.1% 0.3%
HOWARD HANNA FINANCIAL SERVICES, INC. $425,000 n/a 0.3%
ProFed Federal Credit Union $95,000 $395,000 315.8% 0.3%
U.S. Bank $250,000 $395,000 58.0% 0.3%
First Federal Savings and Loan Association of Lakewood $390,000 n/a 0.3%
MID AMERICA MORTGAGE, INC. $1,050,000 $390,000 -62.9% 0.3%
SUCCESS MORTGAGE PARTNERS, INC. $1,090,000 $385,000 -64.7% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $370,000 $370,000 0.0% 0.3%
GUARANTEED RATE AFFINITY, LLC $365,000 n/a 0.2%
LAKEVIEW LOAN SERVICING, LLC $530,000 $355,000 -33.0% 0.2%
AMERICAN ADVISORS GROUP $225,000 $350,000 55.6% 0.2%
First Western Trust Bank $105,000 $335,000 219.0% 0.2%
GUARANTEED RATE, INC. $975,000 $330,000 -66.2% 0.2%
LAKE MICHIGAN CREDIT UNION $370,000 $330,000 -10.8% 0.2%
TEACHERS CREDIT UNION $330,000 n/a 0.2%
MARSHALL COMMUNITY CREDIT UNION $1,285,000 $325,000 -74.7% 0.2%
Notre Dame Federal Credit Union Corporation $325,000 n/a 0.2%
NAVY FEDERAL CREDIT UNION $820,000 $320,000 -61.0% 0.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $485,000 $310,000 -36.1% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $280,000 $305,000 8.9% 0.2%
ROYAL UNITED MORTGAGE LLC $450,000 $305,000 -32.2% 0.2%
FBC MORTGAGE, LLC $285,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $320,000 $275,000 -14.1% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,925,000 $270,000 -86.0% 0.2%
SUN Federal Credit Union $125,000 $270,000 116.0% 0.2%
GENEVA FINANCIAL, LLC $255,000 n/a 0.2%
FIRST OHIO HOME FINANCE, INC. $245,000 n/a 0.2%
Sturgis Bank & Trust Company $730,000 $245,000 -66.4% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $465,000 $240,000 -48.4% 0.2%
PLAZA HOME MORTGAGE, INC. $235,000 n/a 0.2%
Carrington Mortgage Services, LLC $490,000 $230,000 -53.1% 0.2%
LENDINGHOME FUNDING CORPORATION $230,000 n/a 0.2%
FIRST CENTENNIAL MORTGAGE CORPORATION $225,000 n/a 0.2%
Morgan Stanley Private Bank $225,000 n/a 0.2%
First Savings Bank $185,000 $215,000 16.2% 0.1%
NORTHERN MORTGAGE SERVICES, LLC $215,000 n/a 0.1%
USAA Federal Savings Bank $185,000 $215,000 16.2% 0.1%
AmeriHome Mortgage Company, LLC $135,000 $205,000 51.9% 0.1%
Citibank $195,000 n/a 0.1%
Nations Lending Corporation $445,000 $190,000 -57.3% 0.1%
Colonial Savings, F.A. $185,000 n/a 0.1%
FIRST HERITAGE FINANCIAL, LLC $185,000 n/a 0.1%
UNITED MORTGAGE CORP. $345,000 $185,000 -46.4% 0.1%
ACADEMY MORTGAGE CORPORATION $75,000 $175,000 133.3% 0.1%
STAR Financial Bank $175,000 n/a 0.1%
21ST MORTGAGE CORPORATION $35,000 $170,000 385.7% 0.1%
Ally Bank $440,000 $170,000 -61.4% 0.1%
Abbott Laboratories Employees Credit Union $165,000 n/a 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $165,000 n/a 0.1%
GENISYS $60,000 $165,000 175.0% 0.1%
ROSS MORTGAGE CORPORATION $165,000 n/a 0.1%
Semper Home Loans, Inc. $165,000 n/a 0.1%
The Genoa Banking Company $165,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $1,350,000 $165,000 -87.8% 0.1%
HOMESITE MORTGAGE, LLC $155,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $160,000 $155,000 -3.1% 0.1%
The Union Bank Company $155,000 n/a 0.1%
1st Source Bank $225,000 $145,000 -35.6% 0.1%
CIVIC FINANCIAL SERVICES, LLC $145,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $145,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $135,000 $145,000 7.4% 0.1%
Zeal Credit Union $65,000 $140,000 115.4% 0.1%
Civista Bank $135,000 n/a 0.1%
CLEARPATH LENDING $135,000 n/a 0.1%
Kellogg Community Credit Union $260,000 $135,000 -48.1% 0.1%
CREDIT UNION ONE $150,000 $130,000 -13.3% 0.1%
UNIVERSITY OF MICHIGAN CREDIT UNION $120,000 n/a 0.1%
AmRes Corporation $115,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $115,000 n/a 0.1%
ARBOR FINANCIAL CREDIT UNION $25,000 $105,000 320.0% 0.1%
ELGA CREDIT UNION $105,000 n/a 0.1%
Gateway First Bank $280,000 $105,000 -62.5% 0.1%
UNITED $105,000 n/a 0.1%
Lake Trust Credit Union $85,000 n/a 0.1%
Mercantile Bank of Michigan $170,000 $85,000 -50.0% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $345,000 $85,000 -75.4% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $85,000 n/a 0.1%
PHH Mortgage Corporation $115,000 $65,000 -43.5% 0.0%
PLANET HOME LENDING, LLC $380,000 $65,000 -82.9% 0.0%
Figure Lending LLC $110,000 $60,000 -45.5% 0.0%
Discover Bank $120,000 $55,000 -54.2% 0.0%
FORT FINANCIAL Federal Credit Union $85,000 $55,000 -35.3% 0.0%
Frankenmuth Credit Union $45,000 n/a 0.0%
SPRING EQ, LLC $25,000 $35,000 40.0% 0.0%

Hillsdale's top lender by overall market share is County National Bank, with 12.9% market share. In second place, with 9.8%, is QUICKEN LOANS, LLC, having originated $14,390,000 in loans. In third place, with 5.4%, is RUOFF MORTGAGE COMPANY, INC., having originated $7,935,000 in loans. In fourth place, with 4.7%, is The Huntington National Bank, having originated $6,875,000 in loans. In fifth place, with 4.1%, is Southern Michigan Bank & Trust, having originated $6,030,000 in loans.


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

Realtor.com - Hillsdale (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 $140,900 (-3.6%) $167,147 (-7.3%) 0.00 155
2018-02-01 $140,400 (-0.9%) $169,808 (-5.3%) 0.00 152
2018-03-01 $139,900 (-0.4%) $170,638 (-5.3%) 0.00 158
2018-04-01 $139,900 (-3.5%) $166,582 (-7.1%) 0.00 163
2018-05-01 $139,900 (-1.4%) $165,250 (-6.8%) 0.00 164
2018-06-01 $149,250 (7.0%) $177,599 (4.0%) 0.00 171
2018-07-01 $149,500 (10.8%) $182,564 (12.0%) 0.00 191
2018-08-01 $144,900 (5.8%) $176,910 (10.4%) 0.00 204
2018-09-01 $144,900 (3.6%) $176,403 (9.2%) 0.00 217
2018-10-01 $139,900 (3.5%) $173,676 (7.7%) 0.00 206
2018-11-01 $142,400 (1.8%) $168,298 (0.4%) 0.00 199
2018-12-01 $145,200 (1.9%) $169,999 (1.7%) 0.00 171
2019-01-01 $130,400 (-7.5%) $157,791 (-5.6%) 0.00 149
2019-02-01 $133,425 (-5.0%) $163,678 (-3.6%) 0.00 131
2019-03-01 $143,471 (2.6%) $179,413 (5.1%) 0.00 132
2019-04-01 $153,471 (9.7%) $195,553 (17.4%) 0.00 137
2019-05-01 $165,400 (18.2%) $205,146 (24.1%) 0.00 153
2019-06-01 $169,900 (13.8%) $208,325 (17.3%) 0.00 166
2019-07-01 $160,950 (7.7%) $199,161 (9.1%) 0.00 180
2019-08-01 $159,123 (9.8%) $196,613 (11.1%) 0.00 184
2019-09-01 $159,307 (9.9%) $195,655 (10.9%) 0.00 188
2019-10-01 $159,675 (14.1%) $195,016 (12.3%) 0.00 187
2019-11-01 $164,900 (15.8%) $192,054 (14.1%) 0.00 178
2019-12-01 $162,500 (11.9%) $185,448 (9.1%) 0.00 157
2020-01-01 $159,950 (22.7%) $182,842 (15.9%) 0.00 130
2020-02-01 $159,900 (19.8%) $184,790 (12.9%) 0.00 126
2020-03-01 $164,350 (14.6%) $194,252 (8.3%) 0.00 124
2020-04-01 $160,575 (4.6%) $193,323 (-1.1%) 0.00 118
2020-05-01 $160,950 (-2.7%) $195,715 (-4.6%) 0.00 120
2020-06-01 $174,400 (2.7%) $205,786 (-1.2%) 0.00 119
2020-07-01 $189,450 (17.7%) $213,024 (7.0%) 0.00 116
2020-08-01 $175,000 (10.0%) $207,013 (5.3%) 0.00 103
2020-09-01 $194,700 (22.2%) $226,886 (16.0%) 0.00 83
2020-10-01 $199,900 (25.2%) $238,571 (22.3%) 0.00 77
2020-11-01 $169,900 (3.0%) $218,472 (13.8%) 0.00 78
2020-12-01 $164,975 (1.5%) $207,789 (12.1%) 0.00 78
2021-01-01 $156,500 (-2.2%) $199,972 (9.4%) 0.00 70
2021-02-01 $147,450 (-7.8%) $191,527 (3.7%) 0.00 57
2021-03-01 $156,500 (-4.8%) $206,417 (6.3%) 0.00 44
2021-04-01 $164,450 (2.4%) $221,553 (14.6%) 0.00 44
2021-05-01 $189,900 (18.0%) $231,983 (18.5%) 0.00 46
2021-06-01 $197,400 (13.2%) $242,533 (17.9%) 0.00 48
2021-07-01 $174,900 (-7.7%) $228,241 (7.1%) 0.00 60
2021-08-01 $183,425 (4.8%) $233,944 (13.0%) 0.00 51
2021-09-01 $178,650 (-8.2%) $229,734 (1.3%) 0.00 59
2021-10-01 $167,900 (-16.0%) $235,017 (-1.5%) 0.00 60
2021-11-01 $163,675 (-3.7%) $227,087 (3.9%) 0.00 65
2021-12-01 $157,900 (-4.3%) $218,285 (5.1%) 0.00 64
2022-01-01 $152,900 (-2.3%) $218,494 (9.3%) 0.00 55
2022-02-01 $165,750 (12.4%) $235,730 (23.1%) 0.00 40
2022-03-01 $194,950 (24.6%) $271,447 (31.5%) 0.00 42
2022-04-01 $215,000 (30.7%) $311,794 (40.7%) 0.00 42
2022-05-01 $224,950 (18.5%) $306,669 (32.2%) 0.00 56
2022-06-01 $217,000 (9.9%) $308,767 (27.3%) 0.00 76
2022-07-01 $195,000 (11.5%) $282,257 (23.7%) 0.00 87
2022-08-01 $189,900 (3.5%) $263,606 (12.7%) 0.00 99
2022-09-01 $201,050 (12.5%) $278,766 (21.3%) 0.00 92
2022-10-01 $199,997 (19.1%) $278,820 (18.6%) 0.00 89
2022-11-01 $205,300 (25.4%) $279,251 (23.0%) 0.00 87
2022-12-01 $214,500 (35.9%) $281,807 (29.1%) 0.00 77
2023-01-01 $207,400 (35.6%) $284,802 (30.4%) 0.00 63
2023-02-01 $222,400 (34.2%) $299,873 (27.2%) 0.00 53
2023-03-01 $228,650 (17.3%) $249,706 (-8.0%) 0.00 52
2023-04-01 $239,900 (11.6%) $256,925 (-17.6%) 0.00 49
2023-05-01 $259,925 (15.6%) $277,480 (-9.5%) 0.00 53
2023-06-01 $253,675 (16.9%) $313,635 (1.6%) 0.00 63
2023-07-01 $249,900 (28.2%) $303,509 (7.5%) 0.00 70
2023-08-01 $248,000 (30.6%) $295,278 (12.0%) 0.00 76
Hillsdale's median listing price for 2023-08-01 was $248,000, a difference of $58,100 (30.6%) versus the prior year and $-1,900 versus the prior month.

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

Hillsdale's average listing price for 2023-08-01 was $295,278, a difference of $31,672 (12.0%) versus the prior year and $-8,231 versus the prior month.

For the 2023-08-01 period, Hillsdale had 76 MLS listings, a difference of 6 listings (9%) versus the prior month and -23 listings (-23%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Hillsdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,621 sqft
2018-02-01 0 days 1,680 sqft
2018-03-01 0 days 1,600 sqft
2018-04-01 0 days 1,628 sqft
2018-05-01 0 days 1,673 sqft
2018-06-01 0 days 1,594 sqft
2018-07-01 0 days 1,515 sqft
2018-08-01 0 days 1,512 sqft
2018-09-01 0 days 1,536 sqft
2018-10-01 0 days 1,616 sqft
2018-11-01 0 days 1,602 sqft
2018-12-01 0 days 1,650 sqft
2019-01-01 0 days 1,640 sqft
2019-02-01 0 days 1,635 sqft
2019-03-01 0 days 1,638 sqft
2019-04-01 0 days 1,654 sqft
2019-05-01 0 days 1,743 sqft
2019-06-01 0 days 1,745 sqft
2019-07-01 0 days 1,680 sqft
2019-08-01 0 days 1,688 sqft
2019-09-01 0 days 1,736 sqft
2019-10-01 0 days 1,774 sqft
2019-11-01 0 days 1,769 sqft
2019-12-01 0 days 1,751 sqft
2020-01-01 0 days 1,800 sqft
2020-02-01 0 days 1,719 sqft
2020-03-01 0 days 1,740 sqft
2020-04-01 0 days 1,773 sqft
2020-05-01 0 days 1,790 sqft
2020-06-01 0 days 1,779 sqft
2020-07-01 0 days 1,872 sqft
2020-08-01 0 days 1,650 sqft
2020-09-01 0 days 1,648 sqft
2020-10-01 0 days 1,746 sqft
2020-11-01 0 days 1,622 sqft
2020-12-01 0 days 1,683 sqft
2021-01-01 0 days 1,647 sqft
2021-02-01 0 days 1,598 sqft
2021-03-01 0 days 1,519 sqft
2021-04-01 0 days 1,552 sqft
2021-05-01 0 days 1,650 sqft
2021-06-01 0 days 1,667 sqft
2021-07-01 0 days 1,664 sqft
2021-08-01 0 days 1,600 sqft
2021-09-01 0 days 1,586 sqft
2021-10-01 0 days 1,650 sqft
2021-11-01 0 days 1,650 sqft
2021-12-01 0 days 1,677 sqft
2022-01-01 0 days 1,588 sqft
2022-02-01 0 days 1,562 sqft
2022-03-01 0 days 1,645 sqft
2022-04-01 0 days 1,650 sqft
2022-05-01 0 days 1,637 sqft
2022-06-01 0 days 1,699 sqft
2022-07-01 0 days 1,713 sqft
2022-08-01 0 days 1,695 sqft
2022-09-01 0 days 1,665 sqft
2022-10-01 0 days 1,748 sqft
2022-11-01 0 days 1,742 sqft
2022-12-01 0 days 1,747 sqft
2023-01-01 0 days 1,658 sqft
2023-02-01 0 days 1,705 sqft
2023-03-01 0 days 1,778 sqft
2023-04-01 0 days 1,768 sqft
2023-05-01 0 days 1,768 sqft
2023-06-01 0 days 1,843 sqft
2023-07-01 0 days 1,800 sqft
2023-08-01 0 days 1,779 sqft
Hillsdale's median listing age (time on market) for 2023-08-01 was 0 days.

Hillsdale's median square footage for active listings during the 2023-08-01 period was 1,779 sqft. One year prior, the average listing was 1,695 sqft.

Hillsdale, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 480 $88,200,000 $183,750
Cash Out Refi 235 $33,365,000 $141,979
Refi 117 $13,625,000 $116,453
Home Improvement 87 $5,995,000 $68,908
Other 54 $5,260,000 $97,407

Hillsdale's most frequently cited loan purpose was Home Purchase, with 480 originations. The 2nd most popular reason was Cash Out Refi, with 235 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 243 $38,845,000 $159,856
3-4% 216 $32,540,000 $150,648
4-5% 212 $32,820,000 $154,811
6-7% 126 $19,570,000 $155,317
7-8% 60 $7,130,000 $118,833
2.5-3% 56 $8,850,000 $158,036
<2.5% 27 $3,735,000 $138,333
Over 8% 19 $1,165,000 $61,316

During 2022, Hillsdale's most frequently originated rate bucket was 5-6%, with 243 originations.

Loan Sizing (Hillsdale, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 446 $64,650,000 $144,955
$100,000 or less 306 $18,450,000 $60,294
$200k-400k 195 $51,555,000 $264,385
$400k-600k 25 $11,185,000 $447,400
$600k-1000k 1 $605,000 $605,000

Hillsdale's loan sizing saw the bucket of loans from $100k-200k with 446 originations, totaling $64,650,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 371 $66,785,000 $180,013
60-80% 280 $48,310,000 $172,536
40-60% 127 $17,475,000 $137,598
20-40% 96 $7,760,000 $80,833
Under 20% 78 $2,890,000 $37,051
Over 100% 2 $730,000 $365,000

Hillsdale's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 371 originations, totaling $66,785,000 in origination value.