Hillsdale Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Hillsdale averaged 6.72% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.05% and one month ago for the week of 2023-02-09, the average rate was 6.54%.

    Hillsdale's average rate one year ago was 4.07%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Hillsdale 30 Year Fixed Rate 2023-03-16 6.72%
    Hillsdale 30 Year Fixed Rate Refi 2023-03-16 6.78%
    Hillsdale 15 Year Fixed Rate 2023-03-16 6.61%
    Hillsdale 15 Year Fixed Rate Refi 2023-03-16 5.95%
    Hillsdale 30 Year FHA 2023-03-16 6.84%
    Hillsdale 30 Year FHA Refi 2023-03-16 6.53%
    Hillsdale 30 Year USDA 2023-03-16 6.71%
    Hillsdale 30 Year USDA Refi 2023-03-16 6.21%
    Hillsdale 30 Year VA 2023-03-16 6.58%
    Hillsdale 30 Year VA Refi 2023-03-16 5.99%
    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    County National Bank 116 3.44% $3,459
    QUICKEN LOANS, LLC 72 3.20% $4,754
    RUOFF MORTGAGE COMPANY, INC. 53 3.23% $2,279
    Southern Michigan Bank & Trust 26 3.40% $2,665
    The Huntington National Bank 23 3.24% $3,162
    AMERIFIRST FINANCIAL CORPORATION 20 3.53% $3,029
    Honor Credit Union 15 3.35% $2,471
    UNITED WHOLESALE MORTGAGE, LLC 15 3.21% $3,441
    MORTGAGE 1 INCORPORATED 14 3.48% $4,033
    Flagstar Bank, FSB 13 3.31% $2,400
    UNION HOME MORTGAGE CORP. 12 3.13% $3,809
    Fifth Third Bank 12 3.28% $3,161
    The Dart Bank 11 3.43% $2,786
    First Federal Bank of the Midwest 9 3.11% $2,773
    OAK MORTGAGE, LLC 8 3.12% $3,300
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 8 3.22% $2,665
    CONSUMERS 8 3.38% $2,533
    CROSSCOUNTRY MORTGAGE, LLC 7 3.23% $4,045
    Old National Bank 7 3.18% $2,201
    KeyBank 7 3.02% $2,006
    The State Bank and Trust Company 6 2.96% $3,203
    GreenStone Farm Credit Services, FLCA 6 3.95% $4,253
    LOANDEPOT.COM, LLC 6 3.58% $3,768
    SUCCESS MORTGAGE PARTNERS, INC. 5 3.10% $3,590
    JPMorgan Chase Bank 5 3.20% $3,326
    MID AMERICA MORTGAGE, INC. 5 3.10% $2,526
    Level One Bank 4 3.38% $2,667
    CALIBER HOME LOANS, INC. 4 3.16% $3,746
    AMERISAVE MORTGAGE CORPORATION 4 2.72% $5,941
    PNC Bank 4 3.41% $2,781
    The Farmers & Merchants State Bank 4 3.38% $2,519
    GVC MORTGAGE, INC. 4 3.41% $4,755
    EQUITY RESOURCES, INC. 3 2.79% $2,602
    AMERICAN FINANCING CORPORATION 3 4.00% $4,294
    BlueOx Credit Union 3 3.21% $2,176
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.38% $3,592
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.46% $6,206
    HOME POINT FINANCIAL CORPORATION 3 2.87% $4,244
    InterContinental Capital Group, Inc 3 3.04% $3,564
    Mr. Cooper ( Nationstar Mortgage ) 3 3.50% $3,921
    TLC COMMUNITY Credit Union 3 2.96% $2,504
    Waterstone Mortgage Corporation 3 3.25% $2,765
    MORTGAGE CENTER L.C 2 3.13% $3,461
    Mortgage Research Center, LLC 2 2.56% $532
    SOVEREIGN LENDING GROUP INCORPORATED 2 3.13% $5,159
    Kellogg Community Credit Union 2 3.38% $2,346
    TCF National Bank 2 3.25% $2,820
    Wells Fargo Bank 2 3.31% $3,002
    BETTER MORTGAGE CORPORATION 2 3.25% $1,469
    The Federal Savings Bank 2 3.00% $2,623
    Paramount Residential Mortgage Group, Inc. 2 3.25% $6,271
    PENNYMAC LOAN SERVICES, LLC 2 3.00% $4,066
    Platinum Home Mortgage Corporation 2 3.18% $3,332
    HOMESIDE FINANCIAL, LLC 2 2.99% $3,348
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.38% $3,924
    Ally Bank 2 3.13% $2,698
    FREEDOM MORTGAGE CORPORATION 2 3.00% $3,347
    Farmers State Bank 2 2.88% $2,369
    GUARANTEED RATE, INC. 2 3.19% $2,104
    Comerica Bank 2 2.88% $2,786
    ROYAL UNITED MORTGAGE LLC 2 3.50% $3,976
    NAVY FEDERAL CREDIT UNION 1 4.75% $7,544
    Neighborhood Loans, Inc. 1 4.63% $3,403
    NEWREZ LLC 1 3.38% $4,186
    DFCU FINANCIAL 1 3.63% $2,635
    DAS Acquisition Company, LLC 1 2.75% $3,080
    COMPASS MORTGAGE, INC. 1 3.63% $4,559
    ProFed Federal Credit Union 1 3.25% $2,414
    CIBM Bank 1 3.63% $2,419
    CHURCHILL MORTGAGE CORPORATION 1 3.63% $2,285
    BROKER SOLUTIONS, INC. 1 4.13% $5,614
    BLG HOLDINGS, INC. 1 3.25% $4,288
    Associated Bank 1 3.00% $4,955
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.25% $3,083
    WINGS FINANCIAL 1 2.75% $2,855
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 2.75% $3,012
    UNITED MORTGAGE CORP. 1 3.13% $6,772
    FORT FINANCIAL Federal Credit Union 1 3.50% $2,581
    GUILD MORTGAGE COMPANY 1 3.50% $2,864
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.00% $3,809
    First Western Trust Bank 1 3.63% $4,062
    U.S. Bank 1 3.25% $2,686
    Hometown Lenders, Inc. 1 3.75% $6,850
    First Savings Bank 1 2.88% $3,786
    IMPAC MORTGAGE CORP. 1 2.88% $1,269
    Independent Bank 1 2.88% $2,339
    Zeal Credit Union 1 3.00% $2,377
    First Internet Bank of Indiana 1 2.75% $3,304
    First Federal Savings Bank 1 3.13% $3,372
    LAKE MICHIGAN CREDIT UNION 1 2.88% $2,101
    LAKEVIEW LOAN SERVICING, LLC 1 2.88% $4,347
    Evolve Bank & Trust 1 3.88% $3,401
    Luxury Mortgage Corp. 1 3.25% $3,773
    MEMBER FIRST MORTGAGE, LLC 1 3.38% $2,822
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 3.63% $3,082
    1st Source Bank 1 3.50% $4,018
    Discover Bank 1 7.99% $0
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $3,056
    Nations Lending Corporation 1 3.38% $5,211

    Hillsdale Average Closing Costs & Other Stats

    Hillsdale, MI's 99 lenders originated 1,515 loans during 2021. The total origination value was $228,965,000, with an average loan value of $151,132.

    Hillsdale's average closing costs are $3,780.

    The top Hillsdale lender as defined by loan originations is County National Bank, with 116 loans originated. Their average total fees are $3,459, which is $1,295 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Hillsdale lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,279), Flagstar Bank, FSB ($2,400), Honor Credit Union ($2,471), Southern Michigan Bank & Trust ($2,665) and The Dart Bank ($2,786).

    The lowest rate Hillsdale lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. (3.13%), QUICKEN LOANS, LLC (3.20%), UNITED WHOLESALE MORTGAGE, LLC (3.21%), RUOFF MORTGAGE COMPANY, INC. (3.23%) and The Huntington National Bank (3.24%).

    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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    County National Bank $34,990,000 $31,145,000 -11.0% 13.6%
    QUICKEN LOANS, LLC $22,415,000 $23,080,000 3.0% 10.1%
    RUOFF MORTGAGE COMPANY, INC. $8,495,000 $13,550,000 59.5% 5.9%
    The Huntington National Bank $5,130,000 $13,430,000 161.8% 5.9%
    Southern Michigan Bank & Trust $9,860,000 $10,160,000 3.0% 4.4%
    MORTGAGE 1 INCORPORATED $8,315,000 $6,905,000 -17.0% 3.0%
    Fifth Third Bank $6,845,000 $5,705,000 -16.7% 2.5%
    AMERIFIRST FINANCIAL CORPORATION $6,720,000 $5,645,000 -16.0% 2.5%
    Flagstar Bank, FSB $4,995,000 $5,535,000 10.8% 2.4%
    UNITED WHOLESALE MORTGAGE, LLC $3,380,000 $4,675,000 38.3% 2.0%
    First Federal Bank of the Midwest $4,025,000 $4,490,000 11.6% 2.0%
    Old National Bank $2,555,000 $4,265,000 66.9% 1.9%
    Honor Credit Union $2,470,000 $4,185,000 69.4% 1.8%
    The Dart Bank $4,015,000 $3,125,000 -22.2% 1.4%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $2,945,000 $3,015,000 2.4% 1.3%
    PNC Bank $2,430,000 $2,915,000 20.0% 1.3%
    FREEDOM MORTGAGE CORPORATION $2,265,000 $2,870,000 26.7% 1.3%
    Mortgage Research Center, LLC $2,025,000 $2,730,000 34.8% 1.2%
    CALIBER HOME LOANS, INC. $1,295,000 $2,580,000 99.2% 1.1%
    UNION HOME MORTGAGE CORP. $2,640,000 $2,570,000 -2.7% 1.1%
    CROSSCOUNTRY MORTGAGE, LLC $4,805,000 $2,560,000 -46.7% 1.1%
    GreenStone Farm Credit Services, FLCA $2,840,000 $2,390,000 -15.8% 1.0%
    LOANDEPOT.COM, LLC $860,000 $2,355,000 173.8% 1.0%
    HOME POINT FINANCIAL CORPORATION $1,900,000 $2,275,000 19.7% 1.0%
    PENNYMAC LOAN SERVICES, LLC $1,100,000 $2,200,000 100.0% 1.0%
    Mr. Cooper ( Nationstar Mortgage ) $2,475,000 $2,090,000 -15.6% 0.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,585,000 $1,925,000 21.5% 0.8%
    OAK MORTGAGE, LLC $790,000 $1,845,000 133.5% 0.8%
    KeyBank $1,385,000 $1,740,000 25.6% 0.8%
    TLC COMMUNITY Credit Union $3,080,000 $1,660,000 -46.1% 0.7%
    CONSUMERS $820,000 $1,645,000 100.6% 0.7%
    Homestead Savings Bank $1,915,000 $1,600,000 -16.4% 0.7%
    GVC MORTGAGE, INC. $1,890,000 $1,590,000 -15.9% 0.7%
    The State Bank and Trust Company $1,030,000 $1,455,000 41.3% 0.6%
    Ottawa Savings Bank $1,385,000 n/a 0.6%
    VILLAGE CAPITAL & INVESTMENT LLC $915,000 $1,350,000 47.5% 0.6%
    Level One Bank $960,000 $1,330,000 38.5% 0.6%
    NEWREZ LLC $635,000 $1,315,000 107.1% 0.6%
    JPMorgan Chase Bank $595,000 $1,290,000 116.8% 0.6%
    MARSHALL COMMUNITY CREDIT UNION $1,340,000 $1,285,000 -4.1% 0.6%
    AMERISAVE MORTGAGE CORPORATION $600,000 $1,140,000 90.0% 0.5%
    NEW DAY FINANCIAL, LLC $770,000 $1,110,000 44.2% 0.5%
    Farmers StateBank of Munith $915,000 $1,095,000 19.7% 0.5%
    SUCCESS MORTGAGE PARTNERS, INC. $75,000 $1,090,000 1,353.3% 0.5%
    Wells Fargo Bank $1,265,000 $1,065,000 -15.8% 0.5%
    MID AMERICA MORTGAGE, INC. $995,000 $1,050,000 5.5% 0.5%
    GUARANTEED RATE, INC. $195,000 $975,000 400.0% 0.4%
    MORTGAGE CENTER L.C $195,000 $935,000 379.5% 0.4%
    NAVY FEDERAL CREDIT UNION $300,000 $820,000 173.3% 0.4%
    Neighborhood Loans, Inc. $340,000 $820,000 141.2% 0.4%
    COMMUNITY CHOICE CREDIT UNION $470,000 $790,000 68.1% 0.3%
    InterContinental Capital Group, Inc $790,000 n/a 0.3%
    Comerica Bank $355,000 $775,000 118.3% 0.3%
    Sturgis Bank & Trust Company $730,000 n/a 0.3%
    Citizens Bank $1,845,000 $720,000 -61.0% 0.3%
    TCF National Bank $2,650,000 $705,000 -73.4% 0.3%
    The Farmers & Merchants State Bank $1,385,000 $655,000 -52.7% 0.3%
    Independent Bank $750,000 $645,000 -14.0% 0.3%
    DFCU FINANCIAL $145,000 $620,000 327.6% 0.3%
    HOMESIDE FINANCIAL, LLC $275,000 $565,000 105.5% 0.2%
    Farmers State Bank $355,000 $540,000 52.1% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $780,000 $530,000 -32.1% 0.2%
    BlueOx Credit Union $500,000 n/a 0.2%
    Carrington Mortgage Services, LLC $435,000 $490,000 12.6% 0.2%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $280,000 $485,000 73.2% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $195,000 $465,000 138.5% 0.2%
    Waterstone Mortgage Corporation $675,000 $465,000 -31.1% 0.2%
    ROYAL UNITED MORTGAGE LLC $765,000 $450,000 -41.2% 0.2%
    Nations Lending Corporation $490,000 $445,000 -9.2% 0.2%
    The Federal Savings Bank $175,000 $445,000 154.3% 0.2%
    Ally Bank $440,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $380,000 $440,000 15.8% 0.2%
    COMMUNITY FINANCIAL CREDIT UNION $335,000 $435,000 29.9% 0.2%
    SOFI LENDING CORP. $425,000 n/a 0.2%
    The Campbell & Fetter Bank $425,000 n/a 0.2%
    Platinum Home Mortgage Corporation $415,000 $420,000 1.2% 0.2%
    AMERICAN FINANCING CORPORATION $255,000 $390,000 52.9% 0.2%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $225,000 $385,000 71.1% 0.2%
    Luxury Mortgage Corp. $385,000 n/a 0.2%
    PLANET HOME LENDING, LLC $115,000 $380,000 230.4% 0.2%
    EQUITY RESOURCES, INC. $450,000 $375,000 -16.7% 0.2%
    MEMBER FIRST MORTGAGE, LLC $375,000 n/a 0.2%
    LAKE MICHIGAN CREDIT UNION $1,700,000 $370,000 -78.2% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $390,000 $370,000 -5.1% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $360,000 $350,000 -2.8% 0.2%
    Bank of America $230,000 $345,000 50.0% 0.2%
    MICHIGAN SCHOOLS AND GOVERNMENT $95,000 $345,000 263.2% 0.2%
    UNITED MORTGAGE CORP. $345,000 n/a 0.2%
    EVERETT FINANCIAL, INC. $735,000 $335,000 -54.4% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $330,000 n/a 0.1%
    SOVEREIGN LENDING GROUP INCORPORATED $330,000 n/a 0.1%
    BROKER SOLUTIONS, INC. $135,000 $325,000 140.7% 0.1%
    Barrington Bank & Trust Company, N.A. $885,000 $320,000 -63.8% 0.1%
    Paramount Residential Mortgage Group, Inc. $320,000 n/a 0.1%
    Associated Bank $285,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $280,000 n/a 0.1%
    Gateway First Bank $280,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $225,000 $265,000 17.8% 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $310,000 $265,000 -14.5% 0.1%
    Kellogg Community Credit Union $135,000 $260,000 92.6% 0.1%
    J. VIRGIL, INC. $115,000 $255,000 121.7% 0.1%
    NUMARK CREDIT UNION $255,000 n/a 0.1%
    U.S. Bank $610,000 $250,000 -59.0% 0.1%
    STEARNS LENDING, LLC $135,000 $245,000 81.5% 0.1%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $235,000 n/a 0.1%
    1st Source Bank $225,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $195,000 $225,000 15.4% 0.1%
    First Guaranty Mortgage Corporation $395,000 $225,000 -43.0% 0.1%
    HARTFORD FUNDING, LTD. $225,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $145,000 $225,000 55.2% 0.1%
    IMPAC MORTGAGE CORP. $220,000 n/a 0.1%
    ADVANTAGE ONE Credit Union $205,000 n/a 0.1%
    Dearborn Federal Savings Bank $205,000 n/a 0.1%
    First Internet Bank of Indiana $205,000 n/a 0.1%
    CELEBRITY HOME LOANS, LLC $185,000 n/a 0.1%
    First Savings Bank $185,000 n/a 0.1%
    USAA Federal Savings Bank $720,000 $185,000 -74.3% 0.1%
    OCEANSIDE MORTGAGE COMPANY $180,000 n/a 0.1%
    Mercantile Bank of Michigan $170,000 n/a 0.1%
    The Citizens National Bank of Bluffton $165,000 n/a 0.1%
    VAN DYK MORTGAGE CORPORATION $115,000 $165,000 43.5% 0.1%
    MICHIGAN MUTUAL, INC. $350,000 $160,000 -54.3% 0.1%
    DAS Acquisition Company, LLC $155,000 n/a 0.1%
    Directions Credit Union, Inc. $510,000 $155,000 -69.6% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $155,000 n/a 0.1%
    CREDIT UNION ONE $320,000 $150,000 -53.1% 0.1%
    BLG HOLDINGS, INC. $75,000 $145,000 93.3% 0.1%
    Hometown Lenders, Inc. $145,000 n/a 0.1%
    VIBE CREDIT UNION $145,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $135,000 n/a 0.1%
    Community West Credit Union $135,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $105,000 $135,000 28.6% 0.1%
    WINGS FINANCIAL $280,000 $135,000 -51.8% 0.1%
    CHURCHILL MORTGAGE CORPORATION $175,000 $125,000 -28.6% 0.1%
    COMPASS MORTGAGE, INC. $125,000 n/a 0.1%
    First Federal Savings Bank $125,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $125,000 n/a 0.1%
    SUN Federal Credit Union $625,000 $125,000 -80.0% 0.1%
    Discover Bank $355,000 $120,000 -66.2% 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $115,000 n/a 0.1%
    PHH Mortgage Corporation $115,000 n/a 0.1%
    Figure Lending LLC $110,000 n/a 0.0%
    CP Financial Credit Union $105,000 n/a 0.0%
    First Western Trust Bank $105,000 n/a 0.0%
    SUMMIT FUNDING, INC. $560,000 $105,000 -81.3% 0.0%
    CIBM Bank $95,000 n/a 0.0%
    ProFed Federal Credit Union $280,000 $95,000 -66.1% 0.0%
    Evolve Bank & Trust $85,000 n/a 0.0%
    FORT FINANCIAL Federal Credit Union $85,000 n/a 0.0%
    ACADEMY MORTGAGE CORPORATION $175,000 $75,000 -57.1% 0.0%
    Chicago Mortgage Solutions LLC $75,000 n/a 0.0%
    MOVEMENT MORTGAGE, LLC $75,000 n/a 0.0%
    United Bank of Michigan $75,000 n/a 0.0%
    Zeal Credit Union $280,000 $65,000 -76.8% 0.0%
    GENISYS $60,000 n/a 0.0%
    First National Bank of America $155,000 $55,000 -64.5% 0.0%
    HONDA Federal Credit Union $45,000 n/a 0.0%
    Oxford Bank & Trust $45,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $190,000 $35,000 -81.6% 0.0%
    ARBOR FINANCIAL CREDIT UNION $25,000 n/a 0.0%
    SPRING EQ, LLC $25,000 n/a 0.0%

    Hillsdale's top lender by overall market share is County National Bank, with 13.6% market share. In second place, with 10.1%, is QUICKEN LOANS, LLC, having originated $23,080,000 in loans. In third place, with 5.9%, is RUOFF MORTGAGE COMPANY, INC., having originated $13,550,000 in loans. In fourth place, with 5.9%, is The Huntington National Bank, having originated $13,430,000 in loans. In fifth place, with 4.4%, is Southern Michigan Bank & Trust, having originated $10,160,000 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%) $195,829 (17.6%) 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 (-1.3%) 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 $184,450 (5.4%) $236,612 (14.3%) 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 (3.0%) $263,606 (11.4%) 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
    Hillsdale's median listing price for 2023-02-01 was $222,400, a difference of $56,650 (34.2%) versus the prior year and $15,000 versus the prior month.

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

    Hillsdale's average listing price for 2023-02-01 was $299,873, a difference of $64,143 (27.2%) versus the prior year and $15,071 versus the prior month.

    For the 2023-02-01 period, Hillsdale had 53 MLS listings, a difference of -10 listings (-16%) versus the prior month and 13 listings (33%) 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 1,655 sqft
    2019-01-01 0 days 1,646 sqft
    2019-02-01 0 days 1,635 sqft
    2019-03-01 0 days 1,638 sqft
    2019-04-01 0 days 1,668 sqft
    2019-05-01 0 days 1,740 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 1,772 sqft
    2019-12-01 0 days 1,762 sqft
    2020-01-01 0 days 1,803 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 1,643 sqft
    2020-10-01 0 days 1,737 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 1,665 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 1,702 sqft
    2022-07-01 0 days 1,721 sqft
    2022-08-01 0 days 1,720 sqft
    2022-09-01 0 days 1,673 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
    Hillsdale's median listing age (time on market) for 2023-02-01 was 0 days.

    Hillsdale's median square footage for active listings during the 2023-02-01 period was 1,705 sqft. One year prior, the average listing was 1,562 sqft.

    Hillsdale, MI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 555 $95,175,000 $171,486
    Refi 514 $76,560,000 $148,949
    Cash Out Refi 335 $47,875,000 $142,910
    Home Improvement 76 $5,830,000 $76,711
    Other 35 $3,525,000 $100,714

    Hillsdale's most frequently cited loan purpose was Home Purchase, with 555 originations. The 2nd most popular reason was Refi, with 514 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 637 $92,475,000 $145,173
    2.5-3% 527 $79,805,000 $151,433
    <2.5% 201 $32,805,000 $163,209
    4-5% 98 $12,790,000 $130,510
    5-6% 17 $6,305,000 $370,882
    Over 8% 6 $250,000 $41,667
    7-8% 4 $200,000 $50,000
    6-7% 1 $15,000 $15,000

    During 2021, Hillsdale's most frequently originated rate bucket was 3-4%, with 637 originations.

    Loan Sizing (Hillsdale, MI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 736 $103,580,000 $140,734
    $100,000 or less 466 $31,970,000 $68,605
    $200k-400k 287 $75,155,000 $261,864
    $400k-600k 21 $9,655,000 $459,762
    $Over $1MM 3 $7,265,000 $2,421,667
    $600k-1000k 2 $1,340,000 $670,000

    Hillsdale's loan sizing saw the bucket of loans from $100k-200k with 736 originations, totaling $103,580,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 530 $88,270,000 $166,547
    60-80% 470 $77,890,000 $165,723
    40-60% 265 $33,815,000 $127,604
    20-40% 123 $10,185,000 $82,805
    Under 20% 51 $1,675,000 $32,843
    Over 100% 11 $6,625,000 $602,273

    Hillsdale's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 530 originations, totaling $88,270,000 in origination value.