Hillsdale Mortgage Rates & Closing Costs
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.