Hillsdale Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Hillsdale averaged 6.81% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 7.14% and one month ago for the week of 2024-10-03, the average rate was 6.54%.

    Hillsdale's average rate one year ago was 7.98%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Hillsdale 30 Year Fixed Rate 2024-11-07 6.81%
    Hillsdale 30 Year Fixed Rate Refi 2024-11-07 6.79%
    Hillsdale 15 Year Fixed Rate 2024-11-07 5.9%
    Hillsdale 15 Year Fixed Rate Refi 2024-11-07 6.5%
    Hillsdale 30 Year FHA 2024-11-07 6.63%
    Hillsdale 30 Year FHA Refi 2024-11-07 6.43%
    Hillsdale 30 Year USDA 2024-11-07 6.28%
    Hillsdale 30 Year USDA Refi 2024-11-07 6.58%
    Hillsdale 30 Year VA 2024-11-07 6.54%
    Hillsdale 30 Year VA Refi 2024-11-07 6.44%
    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
    2024-06-01 $290,900 (14.7%) $330,413 (5.4%) 0.00 103
    2024-07-01 $299,000 (19.7%) $342,649 (12.9%) 0.00 104
    2024-08-01 $272,400 (9.8%) $323,405 (9.5%) 0.00 109
    2024-09-01 $267,400 (3.2%) $311,762 (-0.6%) 0.00 124
    2024-10-01 $261,150 (4.5%) $316,296 (3.1%) 0.00 130
    Hillsdale's median listing price for 2024-10-01 was $261,150, a difference of $11,250 (4.5%) versus the prior year and $-6,250 versus the prior month.

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

    Hillsdale's average listing price for 2024-10-01 was $316,296, a difference of $9,423 (3.1%) versus the prior year and $4,534 versus the prior month.

    For the 2024-10-01 period, Hillsdale had 130 MLS listings, a difference of 6 listings (5%) versus the prior month and 28 listings (27%) 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
    2024-06-01 0 days 1,796 sqft
    2024-07-01 0 days 1,745 sqft
    2024-08-01 0 days 1,724 sqft
    2024-09-01 0 days 1,688 sqft
    2024-10-01 0 days 1,679 sqft
    Hillsdale's median listing age (time on market) for 2024-10-01 was 0 days.

    Hillsdale's median square footage for active listings during the 2024-10-01 period was 1,679 sqft. One year prior, the average listing was 1,718 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.