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 7.19% for the week of 2024-06-20, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-06-13) was 7.37% and one month ago for the week of 2024-05-16, the average rate was 7.34%.

Hillsdale's average rate one year ago was 6.71%.

For refis of the same type during the week of 2024-06-20, the average rate was 6.97%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-20 6.87%
Hillsdale 30 Year Fixed Rate 2024-06-20 7.19%
Hillsdale 30 Year Fixed Rate Refi 2024-06-20 6.97%
Hillsdale 15 Year Fixed Rate 2024-06-20 5.93%
Hillsdale 15 Year Fixed Rate Refi 2024-06-20 6.53%
Hillsdale 30 Year FHA 2024-06-20 0%
Hillsdale 30 Year FHA Refi 2024-06-20 0%
Hillsdale 30 Year USDA 2024-06-20 0%
Hillsdale 30 Year USDA Refi 2024-06-20 0.1%
Hillsdale 30 Year VA 2024-06-20 0.2%
Hillsdale 30 Year VA Refi 2024-06-20 0.1%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
County National Bank 56 6.90% $4,061
QUICKEN LOANS, LLC 29 6.90% $5,513
UNION HOME MORTGAGE CORP. 12 7.41% $5,865
UNITED WHOLESALE MORTGAGE, LLC 11 7.05% $4,759
Flagstar Bank, FSB 10 7.15% $3,348
The Huntington National Bank 9 7.01% $3,611
Fifth Third Bank 9 6.45% $3,347
The Dart Bank 6 6.62% $3,180
RUOFF MORTGAGE COMPANY, INC. 6 6.88% $3,641
GVC MORTGAGE, INC. 6 6.93% $6,621
First Federal Bank of the Midwest 5 7.28% $3,038
CROSSCOUNTRY MORTGAGE, LLC 4 7.39% $5,631
MORTGAGE 1 INCORPORATED 3 7.13% $4,195
OAK MORTGAGE, LLC 3 6.50% $3,876
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 3 6.67% $3,504
PNC Bank 3 6.96% $4,046
CHURCHILL MORTGAGE CORPORATION 3 6.71% $3,551
The State Bank and Trust Company 2 6.50% $6,023
DFCU FINANCIAL 2 7.38% $6,662
First Federal Savings and Loan Association of Lakewood 2 7.44% $6,338
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 7.00% $5,365
GreenStone Farm Credit Services, FLCA 2 7.83% $3,936
Mortgage Research Center, LLC 2 7.13% $3,566
ROYAL UNITED MORTGAGE LLC 2 7.50% $9,152
STAUNTON FINANCIAL, INC. 2 6.88% $4,063
SUCCESS MORTGAGE PARTNERS, INC. 2 6.56% $5,476
TLC COMMUNITY Credit Union 2 7.00% $2,544
Directions Credit Union, Inc. 1 7.00% $0
HOMEXPRESS MORTGAGE CORP. 1 9.25% $7,548
Honor Credit Union 1 5.88% $2,267
JPMorgan Chase Bank 1 6.99% $3,697
J. VIRGIL, INC. 1 7.25% $7,484
KeyBank 1 5.50% $3,183
LAKE MICHIGAN CREDIT UNION 1 7.50% $5,533
LOANDEPOT.COM, LLC 1 6.63% $5,161
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.99% $4,346
MLD MORTGAGE INC. 1 8.25% $3,647
Deere Employees Credit Union 1 7.25% $2,820
Union Savings Bank 1 6.88% $2,969
MOVEMENT MORTGAGE, LLC 1 6.44% $6,380
Mr. Cooper ( Nationstar Mortgage ) 1 7.38% $8,227
Northpointe Bank 1 7.88% $2,805
Countybank 1 6.88% $2,836
Old National Bank 1 7.63% $4,614
PENNYMAC LOAN SERVICES, LLC 1 7.62% $9,344
Plains Commerce Bank 1 7.50% $6,787
PLAZA HOME MORTGAGE, INC. 1 5.99% $9,276
CORNERSTONE HOME LENDING, INC. 1 6.38% $4,280
CONSUMERS 1 8.88% $3,214
Regions Bank 1 7.50% $7,087
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $1,651
Civista Bank 1 5.88% $3,103
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.50% $7,103
VIBE CREDIT UNION 1 5.38% $2,074
Superior Credit Union, Inc. 1 6.13% $3,151
TEACHERS CREDIT UNION 1 7.38% $2,934
CHERRY CREEK MORTGAGE, LLC 1 7.00% $650
The Farmers & Merchants State Bank 1 7.63% $3,399
BROKER SOLUTIONS, INC. 1 6.38% $6,169
AMERISAVE MORTGAGE CORPORATION 1 8.13% $4,706
EQUITY RESOURCES, INC. 1 7.38% $3,251
Waterstone Mortgage Corporation 1 7.88% $4,679
First Financial Bank 1 7.50% $4,035
First Merchants Bank 1 6.75% $3,002
Discover Bank 1 6.74% $0
FORT FINANCIAL Federal Credit Union 1 6.13% $3,068
TOWNE MORTGAGE COMPANY 1 6.88% $3,075
Bank of America 1 6.25% $3,749

Hillsdale Average Closing Costs & Other Stats

Hillsdale, MI's 68 lenders originated 696 loans during 2023. The total origination value was $116,290,000, with an average loan value of $167,083.

Hillsdale's average closing costs are $4,118.

The top Hillsdale lender as defined by loan originations is County National Bank, with 56 loans originated. Their average total fees are $4,061, which is $1,452 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Hillsdale lenders (with over 10 loans originated) are Flagstar Bank, FSB ($3,348), County National Bank ($4,061), UNITED WHOLESALE MORTGAGE, LLC ($4,759), QUICKEN LOANS, LLC ($5,513) and UNION HOME MORTGAGE CORP. ($5,865).

The lowest rate Hillsdale lenders (with over 10 loans originated) are County National Bank (6.90%), QUICKEN LOANS, LLC (6.90%), UNITED WHOLESALE MORTGAGE, LLC (7.05%), Flagstar Bank, FSB (7.15%) and UNION HOME MORTGAGE CORP. (7.41%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Merchants Capital Corp. $18,525,000 n/a 15.9%
County National Bank $18,920,000 $11,900,000 -37.1% 10.2%
QUICKEN LOANS, LLC $14,390,000 $10,475,000 -27.2% 9.0%
Southern Michigan Bank & Trust $6,030,000 $7,715,000 27.9% 6.6%
UNION HOME MORTGAGE CORP. $520,000 $4,340,000 734.6% 3.7%
The Huntington National Bank $6,875,000 $4,290,000 -37.6% 3.7%
UNITED WHOLESALE MORTGAGE, LLC $4,740,000 $4,195,000 -11.5% 3.6%
Mortgage Research Center, LLC $2,615,000 $3,665,000 40.2% 3.2%
Fifth Third Bank $5,445,000 $2,310,000 -57.6% 2.0%
The Dart Bank $3,410,000 $2,180,000 -36.1% 1.9%
Flagstar Bank, FSB $3,785,000 $2,165,000 -42.8% 1.9%
CROSSCOUNTRY MORTGAGE, LLC $2,015,000 $2,025,000 0.5% 1.7%
GVC MORTGAGE, INC. $1,910,000 $1,935,000 1.3% 1.7%
MORTGAGE 1 INCORPORATED $2,245,000 $1,910,000 -14.9% 1.6%
GreenStone Farm Credit Services, FLCA $1,110,000 $1,620,000 45.9% 1.4%
First Federal Bank of the Midwest $2,460,000 $1,500,000 -39.0% 1.3%
RUOFF MORTGAGE COMPANY, INC. $7,935,000 $1,500,000 -81.1% 1.3%
OAK MORTGAGE, LLC $1,700,000 $1,395,000 -17.9% 1.2%
COMMUNITY CHOICE CREDIT UNION $1,225,000 $1,365,000 11.4% 1.2%
DFCU FINANCIAL $445,000 $1,295,000 191.0% 1.1%
Homestead Savings Bank $1,380,000 $1,020,000 -26.1% 0.9%
TLC COMMUNITY Credit Union $1,885,000 $995,000 -47.2% 0.9%
BROKER SOLUTIONS, INC. $455,000 $945,000 107.7% 0.8%
STAUNTON FINANCIAL, INC. $885,000 n/a 0.8%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $310,000 $795,000 156.5% 0.7%
PNC Bank $1,710,000 $765,000 -55.3% 0.7%
Honor Credit Union $2,140,000 $750,000 -65.0% 0.6%
EQUITY RESOURCES, INC. $740,000 n/a 0.6%
First Federal Savings and Loan Association of Lakewood $390,000 $740,000 89.7% 0.6%
LAKE MICHIGAN CREDIT UNION $330,000 $670,000 103.0% 0.6%
MARSHALL COMMUNITY CREDIT UNION $325,000 $570,000 75.4% 0.5%
Old National Bank $3,000,000 $545,000 -81.8% 0.5%
ROYAL UNITED MORTGAGE LLC $305,000 $505,000 65.6% 0.4%
Barrington Bank & Trust Company, N.A. $590,000 $480,000 -18.6% 0.4%
Figure Lending LLC $60,000 $470,000 683.3% 0.4%
Carrington Mortgage Services, LLC $230,000 $465,000 102.2% 0.4%
The Farmers & Merchants State Bank $1,240,000 $450,000 -63.7% 0.4%
CHURCHILL MORTGAGE CORPORATION $435,000 n/a 0.4%
Directions Credit Union, Inc. $560,000 $425,000 -24.1% 0.4%
First Financial Bank $425,000 n/a 0.4%
Mr. Cooper ( Nationstar Mortgage ) $1,455,000 $420,000 -71.1% 0.4%
Citizens Bank $715,000 $415,000 -42.0% 0.4%
Comerica Bank $595,000 $415,000 -30.3% 0.4%
FREEDOM MORTGAGE CORPORATION $970,000 $400,000 -58.8% 0.3%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,630,000 $395,000 -75.8% 0.3%
The State Bank and Trust Company $1,780,000 $395,000 -77.8% 0.3%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $305,000 $390,000 27.9% 0.3%
KeyBank $1,445,000 $385,000 -73.4% 0.3%
TOWNE MORTGAGE COMPANY $370,000 n/a 0.3%
USAA Federal Savings Bank $215,000 $365,000 69.8% 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $365,000 n/a 0.3%
AmRes Corporation $115,000 $350,000 204.3% 0.3%
PLAZA HOME MORTGAGE, INC. $235,000 $345,000 46.8% 0.3%
American 1 Credit Union $325,000 n/a 0.3%
J. VIRGIL, INC. $325,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $705,000 $320,000 -54.6% 0.3%
Waterstone Mortgage Corporation $320,000 n/a 0.3%
Bank of America $1,000,000 $315,000 -68.5% 0.3%
MLD MORTGAGE INC. $305,000 n/a 0.3%
MOVEMENT MORTGAGE, LLC $285,000 n/a 0.2%
Waterford Bank, N.A. $285,000 n/a 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $385,000 $270,000 -29.9% 0.2%
LOANDEPOT.COM, LLC $1,275,000 $260,000 -79.6% 0.2%
BAY EQUITY LLC $255,000 n/a 0.2%
Farmers State Bank $440,000 $255,000 -42.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $355,000 $250,000 -29.6% 0.2%
CLEARPATH LENDING $135,000 $245,000 81.5% 0.2%
Superior Credit Union, Inc. $245,000 n/a 0.2%
Northwest Federal Credit Union $235,000 n/a 0.2%
LONGBRIDGE FINANCIAL, LLC $220,000 n/a 0.2%
SUN Federal Credit Union $270,000 $220,000 -18.5% 0.2%
West Michigan Community Bank $215,000 n/a 0.2%
FORT FINANCIAL Federal Credit Union $55,000 $205,000 272.7% 0.2%
HALLMARK HOME MORTGAGE, LLC $205,000 n/a 0.2%
Civista Bank $135,000 $195,000 44.4% 0.2%
Preston Home Loans Inc $195,000 n/a 0.2%
Discover Bank $55,000 $190,000 245.5% 0.2%
Union Savings Bank $185,000 n/a 0.2%
CHERRY CREEK MORTGAGE, LLC $175,000 n/a 0.2%
Regions Bank $175,000 n/a 0.2%
CARDINAL FINANCIAL $240,000 $170,000 -29.2% 0.1%
Plains Commerce Bank $165,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $1,310,000 $160,000 -87.8% 0.1%
CONSUMERS $845,000 $160,000 -81.1% 0.1%
CORNERSTONE HOME LENDING, INC. $160,000 n/a 0.1%
HOMEXPRESS MORTGAGE CORP. $155,000 n/a 0.1%
Countybank $145,000 n/a 0.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $145,000 n/a 0.1%
NEWREZ LLC $450,000 $145,000 -67.8% 0.1%
TEACHERS CREDIT UNION $330,000 $145,000 -56.1% 0.1%
Wells Fargo Bank $800,000 $145,000 -81.9% 0.1%
CREDIT UNION ONE $130,000 $140,000 7.7% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $135,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $115,000 $135,000 17.4% 0.1%
Deere Employees Credit Union $130,000 n/a 0.1%
First Merchants Bank $920,000 $130,000 -85.9% 0.1%
First Financial Bank $125,000 n/a 0.1%
GUARANTEED RATE, INC. $330,000 $125,000 -62.1% 0.1%
JPMorgan Chase Bank $1,180,000 $125,000 -89.4% 0.1%
VIBE CREDIT UNION $125,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $120,000 n/a 0.1%
NATIONS RELIABLE LENDING, LLC $115,000 n/a 0.1%
Portage Community Bank $115,000 n/a 0.1%
Eaton Community Bank $105,000 n/a 0.1%
Independent Bank $105,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $105,000 n/a 0.1%
Michigan Educational Credit Union $105,000 n/a 0.1%
MIDWEST AMERICA $105,000 n/a 0.1%
Horizon Bank $95,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $95,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $370,000 $85,000 -77.0% 0.1%
MICHIGAN SCHOOLS AND GOVERNMENT $85,000 $80,000 -5.9% 0.1%
Northpointe Bank $65,000 n/a 0.1%
Zeal Credit Union $140,000 $65,000 -53.6% 0.1%
ADVIA $55,000 n/a 0.0%
Connexus Credit Union $55,000 n/a 0.0%
KALSEE CREDIT UNION $55,000 n/a 0.0%
PLANET HOME LENDING, LLC $65,000 $55,000 -15.4% 0.0%
STAR Financial Bank $175,000 $55,000 -68.6% 0.0%
Sturgis Bank & Trust Company $245,000 $55,000 -77.6% 0.0%
Three Rivers Federal Credit Union $55,000 n/a 0.0%
Christian Financial Credit Union $45,000 n/a 0.0%
GREENSTATE CREDIT UNION $45,000 n/a 0.0%
LAFCU $45,000 n/a 0.0%
MORTGAGE CENTER L.C $480,000 $45,000 -90.6% 0.0%
SPRING EQ, LLC $35,000 $45,000 28.6% 0.0%
COMMUNITY FINANCIAL CREDIT UNION $645,000 $40,000 -93.8% 0.0%
CASE $35,000 n/a 0.0%
U.S. Bank $395,000 $25,000 -93.7% 0.0%
Lake Trust Credit Union $85,000 $15,000 -82.4% 0.0%

Hillsdale's top lender by overall market share is Merchants Capital Corp., with 15.9% market share. In second place, with 10.2%, is County National Bank, having originated $11,900,000 in loans. In third place, with 9.0%, is QUICKEN LOANS, LLC, having originated $10,475,000 in loans. In fourth place, with 6.6%, is Southern Michigan Bank & Trust, having originated $7,715,000 in loans. In fifth place, with 3.7%, is UNION HOME MORTGAGE CORP., having originated $4,340,000 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 $141,900 (-3.0%) $167,164 (-7.3%) 0.00 156
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 (3.9%) 0.00 171
2018-07-01 $149,500 (10.7%) $182,564 (11.9%) 0.00 191
2018-08-01 $144,900 (4.2%) $176,910 (10.4%) 0.00 204
2018-09-01 $144,900 (3.6%) $176,403 (9.1%) 0.00 217
2018-10-01 $139,900 (2.9%) $173,676 (7.6%) 0.00 206
2018-11-01 $142,400 (1.8%) $168,298 (0.4%) 0.00 199
2018-12-01 $145,200 (1.7%) $169,999 (1.7%) 0.00 171
2019-01-01 $130,400 (-8.1%) $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 $161,450 (8.0%) $199,865 (9.5%) 0.00 181
2019-08-01 $159,123 (9.8%) $197,124 (11.4%) 0.00 185
2019-09-01 $159,307 (9.9%) $195,879 (11.0%) 0.00 188
2019-10-01 $159,675 (14.1%) $195,048 (12.3%) 0.00 187
2019-11-01 $164,950 (15.8%) $193,065 (14.7%) 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 (17.3%) $213,024 (6.6%) 0.00 116
2020-08-01 $175,000 (10.0%) $207,013 (5.0%) 0.00 103
2020-09-01 $194,700 (22.2%) $226,886 (15.8%) 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 (13.2%) 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
2023-09-01 $259,000 (28.8%) $313,730 (12.5%) 0.00 92
2023-10-01 $249,900 (25.0%) $306,873 (10.1%) 0.00 102
2023-11-01 $229,900 (12.0%) $316,245 (13.3%) 0.00 97
2023-12-01 $225,000 (4.9%) $320,517 (13.7%) 0.00 90
2024-01-01 $232,450 (12.1%) $332,914 (16.9%) 0.00 78
2024-02-01 $251,175 (12.9%) $335,262 (11.8%) 0.00 69
2024-03-01 $259,900 (13.7%) $344,225 (37.9%) 0.00 67
2024-04-01 $292,450 (21.9%) $368,702 (43.5%) 0.00 73
2024-05-01 $298,000 (14.7%) $347,015 (25.1%) 0.00 91
Hillsdale's median listing price for 2024-05-01 was $298,000, a difference of $38,075 (14.7%) versus the prior year and $5,550 versus the prior month.

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

Hillsdale's average listing price for 2024-05-01 was $347,015, a difference of $69,535 (25.1%) versus the prior year and $-21,687 versus the prior month.

For the 2024-05-01 period, Hillsdale had 91 MLS listings, a difference of 18 listings (25%) versus the prior month and 38 listings (72%) 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 1,630 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 1,654 sqft
2019-05-01 0 days 1,743 sqft
2019-06-01 0 days 1,757 sqft
2019-07-01 0 days 1,684 sqft
2019-08-01 0 days 1,697 sqft
2019-09-01 0 days 1,741 sqft
2019-10-01 0 days 1,774 sqft
2019-11-01 0 days 1,769 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 1,648 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 1,649 sqft
2021-02-01 0 days 1,598 sqft
2021-03-01 0 days 1,519 sqft
2021-04-01 0 days 1,528 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
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
2023-09-01 0 days 1,818 sqft
2023-10-01 0 days 1,718 sqft
2023-11-01 0 days 1,674 sqft
2023-12-01 0 days 1,646 sqft
2024-01-01 0 days 1,701 sqft
2024-02-01 0 days 1,713 sqft
2024-03-01 0 days 1,720 sqft
2024-04-01 0 days 1,810 sqft
2024-05-01 0 days 1,773 sqft
Hillsdale's median listing age (time on market) for 2024-05-01 was 0 days.

Hillsdale's median square footage for active listings during the 2024-05-01 period was 1,773 sqft. One year prior, the average listing was 1,768 sqft.

Hillsdale, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 393 $88,785,000 $225,916
Cash Out Refi 115 $12,595,000 $109,522
Home Improvement 93 $6,365,000 $68,441
Refi 52 $5,420,000 $104,231
Other 43 $3,125,000 $72,674

Hillsdale's most frequently cited loan purpose was Home Purchase, with 393 originations. The 2nd most popular reason was Cash Out Refi, with 115 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 221 $37,215,000 $168,394
7-8% 190 $28,990,000 $152,579
Over 8% 124 $10,550,000 $85,081
5-6% 78 $10,780,000 $138,205
4-5% 5 $555,000 $111,000
<2.5% 2 $20,000 $10,000
3-4% 1 $55,000 $55,000

During 2023, Hillsdale's most frequently originated rate bucket was 6-7%, with 221 originations.

Loan Sizing (Hillsdale, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 277 $15,895,000 $57,383
$100k-200k 268 $38,070,000 $142,052
$200k-400k 135 $36,755,000 $272,259
$400k-600k 14 $6,390,000 $456,429
$600k-1000k 1 $655,000 $655,000
$Over $1MM 1 $18,525,000 $18,525,000

Hillsdale's loan sizing saw the bucket of loans from $100,000 or less with 277 originations, totaling $15,895,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 260 $47,960,000 $184,462
60-80% 117 $21,115,000 $180,470
20-40% 90 $6,560,000 $72,889
40-60% 83 $9,385,000 $113,072
Under 20% 69 $2,455,000 $35,580
Over 100% 2 $630,000 $315,000

Hillsdale's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 260 originations, totaling $47,960,000 in origination value.