Hillsdale Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hillsdale averaged
7.04%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
7.13% and
one month ago for the week of 2023-08-17, the
average rate was 7.04%.
Hillsdale's average rate one year ago was 6.07%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.59%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Hillsdale 30 Year Fixed Rate | 2023-09-21 | 7.04% |
Hillsdale 30 Year Fixed Rate Refi | 2023-09-21 | 7.59% |
Hillsdale 15 Year Fixed Rate | 2023-09-21 | 6.34% |
Hillsdale 15 Year Fixed Rate Refi | 2023-09-21 | 6.54% |
Hillsdale 30 Year FHA | 2023-09-21 | 6.83% |
Hillsdale 30 Year FHA Refi | 2023-09-21 | 6.94% |
Hillsdale 30 Year USDA | 2023-09-21 | 7.02% |
Hillsdale 30 Year USDA Refi | 2023-09-21 | 7.12% |
Hillsdale 30 Year VA | 2023-09-21 | 6.72% |
Hillsdale 30 Year VA Refi | 2023-09-21 | 6.92% |
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 86 lenders originated 973
loans during 2022. The total origination value was $146,445,000, with an average loan value of
$150,509.
Hillsdale's average closing costs are $3,971.
The top Hillsdale lender as defined by loan originations is County National Bank, with
70 loans originated. Their average total fees are
$3,695, which is $1,516
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Hillsdale lenders (with over 10 loans originated) are
First Federal Bank of the Midwest ($3,046), Southern Michigan Bank & Trust ($3,058), RUOFF MORTGAGE COMPANY, INC. ($3,109), The Dart Bank ($3,168) and Fifth Third Bank ($3,209).
The lowest rate Hillsdale lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (4.68%), First Federal Bank of the Midwest (4.98%), QUICKEN LOANS, LLC (5.15%), Flagstar Bank, FSB (5.18%) and RUOFF MORTGAGE COMPANY, INC. (5.24%).
Hillsdale, MI Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
County National Bank | $31,145,000 | $18,920,000 | -39.3% | 12.9% |
QUICKEN LOANS, LLC | $23,080,000 | $14,390,000 | -37.7% | 9.8% |
RUOFF MORTGAGE COMPANY, INC. | $13,550,000 | $7,935,000 | -41.4% | 5.4% |
The Huntington National Bank | $13,430,000 | $6,875,000 | -48.8% | 4.7% |
Southern Michigan Bank & Trust | $10,160,000 | $6,030,000 | -40.6% | 4.1% |
Fifth Third Bank | $5,705,000 | $5,445,000 | -4.6% | 3.7% |
UNITED WHOLESALE MORTGAGE, LLC | $4,675,000 | $4,740,000 | 1.4% | 3.2% |
AMERIFIRST FINANCIAL CORPORATION | $5,645,000 | $4,540,000 | -19.6% | 3.1% |
Flagstar Bank, FSB | $5,535,000 | $3,785,000 | -31.6% | 2.6% |
The Dart Bank | $3,125,000 | $3,410,000 | 9.1% | 2.3% |
Old National Bank | $4,265,000 | $3,000,000 | -29.7% | 2.0% |
Mortgage Research Center, LLC | $2,730,000 | $2,615,000 | -4.2% | 1.8% |
First Federal Bank of the Midwest | $4,490,000 | $2,460,000 | -45.2% | 1.7% |
MORTGAGE 1 INCORPORATED | $6,905,000 | $2,245,000 | -67.5% | 1.5% |
Honor Credit Union | $4,185,000 | $2,140,000 | -48.9% | 1.5% |
CROSSCOUNTRY MORTGAGE, LLC | $2,560,000 | $2,015,000 | -21.3% | 1.4% |
GVC MORTGAGE, INC. | $1,590,000 | $1,910,000 | 20.1% | 1.3% |
TLC COMMUNITY Credit Union | $1,660,000 | $1,885,000 | 13.6% | 1.3% |
The State Bank and Trust Company | $1,455,000 | $1,780,000 | 22.3% | 1.2% |
PNC Bank | $2,915,000 | $1,710,000 | -41.3% | 1.2% |
OAK MORTGAGE, LLC | $1,845,000 | $1,700,000 | -7.9% | 1.2% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $3,015,000 | $1,630,000 | -45.9% | 1.1% |
Mr. Cooper ( Nationstar Mortgage ) | $2,090,000 | $1,455,000 | -30.4% | 1.0% |
KeyBank | $1,740,000 | $1,445,000 | -17.0% | 1.0% |
Homestead Savings Bank | $1,600,000 | $1,380,000 | -13.8% | 0.9% |
AMERISAVE MORTGAGE CORPORATION | $1,140,000 | $1,310,000 | 14.9% | 0.9% |
LOANDEPOT.COM, LLC | $2,355,000 | $1,275,000 | -45.9% | 0.9% |
The Farmers & Merchants State Bank | $655,000 | $1,240,000 | 89.3% | 0.8% |
COMMUNITY CHOICE CREDIT UNION | $790,000 | $1,225,000 | 55.1% | 0.8% |
JPMorgan Chase Bank | $1,290,000 | $1,180,000 | -8.5% | 0.8% |
GreenStone Farm Credit Services, FLCA | $2,390,000 | $1,110,000 | -53.6% | 0.8% |
Bank of America | $345,000 | $1,000,000 | 189.9% | 0.7% |
FREEDOM MORTGAGE CORPORATION | $2,870,000 | $970,000 | -66.2% | 0.7% |
First Merchants Bank | $920,000 | n/a | 0.6% | |
HOME POINT FINANCIAL CORPORATION | $2,275,000 | $860,000 | -62.2% | 0.6% |
CONSUMERS | $1,645,000 | $845,000 | -48.6% | 0.6% |
Wells Fargo Bank | $1,065,000 | $800,000 | -24.9% | 0.5% |
Citizens Bank | $720,000 | $715,000 | -0.7% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $2,200,000 | $705,000 | -68.0% | 0.5% |
UNIVERSITY LENDING GROUP, LLC | $700,000 | n/a | 0.5% | |
COMMUNITY FINANCIAL CREDIT UNION | $435,000 | $645,000 | 48.3% | 0.4% |
Hometown Lenders, Inc. | $145,000 | $640,000 | 341.4% | 0.4% |
Comerica Bank | $775,000 | $595,000 | -23.2% | 0.4% |
Barrington Bank & Trust Company, N.A. | $320,000 | $590,000 | 84.4% | 0.4% |
Directions Credit Union, Inc. | $155,000 | $560,000 | 261.3% | 0.4% |
MEMBER FIRST MORTGAGE, LLC | $375,000 | $555,000 | 48.0% | 0.4% |
EVERETT FINANCIAL, INC. | $335,000 | $520,000 | 55.2% | 0.4% |
UNION HOME MORTGAGE CORP. | $2,570,000 | $520,000 | -79.8% | 0.4% |
NEW DAY FINANCIAL, LLC | $1,110,000 | $505,000 | -54.5% | 0.3% |
MORTGAGE CENTER L.C | $935,000 | $480,000 | -48.7% | 0.3% |
AMERICAN FINANCING CORPORATION | $390,000 | $475,000 | 21.8% | 0.3% |
BROKER SOLUTIONS, INC. | $325,000 | $455,000 | 40.0% | 0.3% |
Neighborhood Loans, Inc. | $820,000 | $455,000 | -44.5% | 0.3% |
NEWREZ LLC | $1,315,000 | $450,000 | -65.8% | 0.3% |
DFCU FINANCIAL | $620,000 | $445,000 | -28.2% | 0.3% |
Farmers State Bank | $540,000 | $440,000 | -18.5% | 0.3% |
CALIBER HOME LOANS, INC. | $2,580,000 | $435,000 | -83.1% | 0.3% |
HOWARD HANNA FINANCIAL SERVICES, INC. | $425,000 | n/a | 0.3% | |
ProFed Federal Credit Union | $95,000 | $395,000 | 315.8% | 0.3% |
U.S. Bank | $250,000 | $395,000 | 58.0% | 0.3% |
First Federal Savings and Loan Association of Lakewood | $390,000 | n/a | 0.3% | |
MID AMERICA MORTGAGE, INC. | $1,050,000 | $390,000 | -62.9% | 0.3% |
SUCCESS MORTGAGE PARTNERS, INC. | $1,090,000 | $385,000 | -64.7% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $370,000 | $370,000 | 0.0% | 0.3% |
GUARANTEED RATE AFFINITY, LLC | $365,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $530,000 | $355,000 | -33.0% | 0.2% |
AMERICAN ADVISORS GROUP | $225,000 | $350,000 | 55.6% | 0.2% |
First Western Trust Bank | $105,000 | $335,000 | 219.0% | 0.2% |
GUARANTEED RATE, INC. | $975,000 | $330,000 | -66.2% | 0.2% |
LAKE MICHIGAN CREDIT UNION | $370,000 | $330,000 | -10.8% | 0.2% |
TEACHERS CREDIT UNION | $330,000 | n/a | 0.2% | |
MARSHALL COMMUNITY CREDIT UNION | $1,285,000 | $325,000 | -74.7% | 0.2% |
Notre Dame Federal Credit Union Corporation | $325,000 | n/a | 0.2% | |
NAVY FEDERAL CREDIT UNION | $820,000 | $320,000 | -61.0% | 0.2% |
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $485,000 | $310,000 | -36.1% | 0.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $280,000 | $305,000 | 8.9% | 0.2% |
ROYAL UNITED MORTGAGE LLC | $450,000 | $305,000 | -32.2% | 0.2% |
FBC MORTGAGE, LLC | $285,000 | n/a | 0.2% | |
Paramount Residential Mortgage Group, Inc. | $320,000 | $275,000 | -14.1% | 0.2% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,925,000 | $270,000 | -86.0% | 0.2% |
SUN Federal Credit Union | $125,000 | $270,000 | 116.0% | 0.2% |
GENEVA FINANCIAL, LLC | $255,000 | n/a | 0.2% | |
FIRST OHIO HOME FINANCE, INC. | $245,000 | n/a | 0.2% | |
Sturgis Bank & Trust Company | $730,000 | $245,000 | -66.4% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $465,000 | $240,000 | -48.4% | 0.2% |
PLAZA HOME MORTGAGE, INC. | $235,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $490,000 | $230,000 | -53.1% | 0.2% |
LENDINGHOME FUNDING CORPORATION | $230,000 | n/a | 0.2% | |
FIRST CENTENNIAL MORTGAGE CORPORATION | $225,000 | n/a | 0.2% | |
Morgan Stanley Private Bank | $225,000 | n/a | 0.2% | |
First Savings Bank | $185,000 | $215,000 | 16.2% | 0.1% |
NORTHERN MORTGAGE SERVICES, LLC | $215,000 | n/a | 0.1% | |
USAA Federal Savings Bank | $185,000 | $215,000 | 16.2% | 0.1% |
AmeriHome Mortgage Company, LLC | $135,000 | $205,000 | 51.9% | 0.1% |
Citibank | $195,000 | n/a | 0.1% | |
Nations Lending Corporation | $445,000 | $190,000 | -57.3% | 0.1% |
Colonial Savings, F.A. | $185,000 | n/a | 0.1% | |
FIRST HERITAGE FINANCIAL, LLC | $185,000 | n/a | 0.1% | |
UNITED MORTGAGE CORP. | $345,000 | $185,000 | -46.4% | 0.1% |
ACADEMY MORTGAGE CORPORATION | $75,000 | $175,000 | 133.3% | 0.1% |
STAR Financial Bank | $175,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $35,000 | $170,000 | 385.7% | 0.1% |
Ally Bank | $440,000 | $170,000 | -61.4% | 0.1% |
Abbott Laboratories Employees Credit Union | $165,000 | n/a | 0.1% | |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $165,000 | n/a | 0.1% | |
GENISYS | $60,000 | $165,000 | 175.0% | 0.1% |
ROSS MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
Semper Home Loans, Inc. | $165,000 | n/a | 0.1% | |
The Genoa Banking Company | $165,000 | n/a | 0.1% | |
VILLAGE CAPITAL MORTGAGE | $1,350,000 | $165,000 | -87.8% | 0.1% |
HOMESITE MORTGAGE, LLC | $155,000 | n/a | 0.1% | |
MICHIGAN MUTUAL, INC. | $160,000 | $155,000 | -3.1% | 0.1% |
The Union Bank Company | $155,000 | n/a | 0.1% | |
1st Source Bank | $225,000 | $145,000 | -35.6% | 0.1% |
CIVIC FINANCIAL SERVICES, LLC | $145,000 | n/a | 0.1% | |
FINANCE OF AMERICA MORTGAGE LLC | $145,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $135,000 | $145,000 | 7.4% | 0.1% |
Zeal Credit Union | $65,000 | $140,000 | 115.4% | 0.1% |
Civista Bank | $135,000 | n/a | 0.1% | |
CLEARPATH LENDING | $135,000 | n/a | 0.1% | |
Kellogg Community Credit Union | $260,000 | $135,000 | -48.1% | 0.1% |
CREDIT UNION ONE | $150,000 | $130,000 | -13.3% | 0.1% |
UNIVERSITY OF MICHIGAN CREDIT UNION | $120,000 | n/a | 0.1% | |
AmRes Corporation | $115,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $115,000 | n/a | 0.1% | |
ARBOR FINANCIAL CREDIT UNION | $25,000 | $105,000 | 320.0% | 0.1% |
ELGA CREDIT UNION | $105,000 | n/a | 0.1% | |
Gateway First Bank | $280,000 | $105,000 | -62.5% | 0.1% |
UNITED | $105,000 | n/a | 0.1% | |
Lake Trust Credit Union | $85,000 | n/a | 0.1% | |
Mercantile Bank of Michigan | $170,000 | $85,000 | -50.0% | 0.1% |
MICHIGAN SCHOOLS AND GOVERNMENT | $345,000 | $85,000 | -75.4% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $85,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $115,000 | $65,000 | -43.5% | 0.0% |
PLANET HOME LENDING, LLC | $380,000 | $65,000 | -82.9% | 0.0% |
Figure Lending LLC | $110,000 | $60,000 | -45.5% | 0.0% |
Discover Bank | $120,000 | $55,000 | -54.2% | 0.0% |
FORT FINANCIAL Federal Credit Union | $85,000 | $55,000 | -35.3% | 0.0% |
Frankenmuth Credit Union | $45,000 | n/a | 0.0% | |
SPRING EQ, LLC | $25,000 | $35,000 | 40.0% | 0.0% |
Hillsdale's top lender by overall market share is County National Bank, with 12.9% market share. In second place, with 9.8%, is QUICKEN LOANS, LLC, having originated $14,390,000 in loans. In third place, with 5.4%, is RUOFF MORTGAGE COMPANY, INC., having originated $7,935,000 in loans. In fourth place, with 4.7%, is The Huntington National Bank, having originated $6,875,000 in loans. In fifth place, with 4.1%, is Southern Michigan Bank & Trust, having originated $6,030,000 in loans.
Hillsdale Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Hillsdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. 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%) | $195,553 (17.4%) | 0.00 | 137 |
2019-05-01 | $165,400 (18.2%) | $205,146 (24.1%) | 0.00 | 153 |
2019-06-01 | $169,900 (13.8%) | $208,325 (17.3%) | 0.00 | 166 |
2019-07-01 | $160,950 (7.7%) | $199,161 (9.1%) | 0.00 | 180 |
2019-08-01 | $159,123 (9.8%) | $196,613 (11.1%) | 0.00 | 184 |
2019-09-01 | $159,307 (9.9%) | $195,655 (10.9%) | 0.00 | 188 |
2019-10-01 | $159,675 (14.1%) | $195,016 (12.3%) | 0.00 | 187 |
2019-11-01 | $164,900 (15.8%) | $192,054 (14.1%) | 0.00 | 178 |
2019-12-01 | $162,500 (11.9%) | $185,448 (9.1%) | 0.00 | 157 |
2020-01-01 | $159,950 (22.7%) | $182,842 (15.9%) | 0.00 | 130 |
2020-02-01 | $159,900 (19.8%) | $184,790 (12.9%) | 0.00 | 126 |
2020-03-01 | $164,350 (14.6%) | $194,252 (8.3%) | 0.00 | 124 |
2020-04-01 | $160,575 (4.6%) | $193,323 (-1.1%) | 0.00 | 118 |
2020-05-01 | $160,950 (-2.7%) | $195,715 (-4.6%) | 0.00 | 120 |
2020-06-01 | $174,400 (2.7%) | $205,786 (-1.2%) | 0.00 | 119 |
2020-07-01 | $189,450 (17.7%) | $213,024 (7.0%) | 0.00 | 116 |
2020-08-01 | $175,000 (10.0%) | $207,013 (5.3%) | 0.00 | 103 |
2020-09-01 | $194,700 (22.2%) | $226,886 (16.0%) | 0.00 | 83 |
2020-10-01 | $199,900 (25.2%) | $238,571 (22.3%) | 0.00 | 77 |
2020-11-01 | $169,900 (3.0%) | $218,472 (13.8%) | 0.00 | 78 |
2020-12-01 | $164,975 (1.5%) | $207,789 (12.1%) | 0.00 | 78 |
2021-01-01 | $156,500 (-2.2%) | $199,972 (9.4%) | 0.00 | 70 |
2021-02-01 | $147,450 (-7.8%) | $191,527 (3.7%) | 0.00 | 57 |
2021-03-01 | $156,500 (-4.8%) | $206,417 (6.3%) | 0.00 | 44 |
2021-04-01 | $164,450 (2.4%) | $221,553 (14.6%) | 0.00 | 44 |
2021-05-01 | $189,900 (18.0%) | $231,983 (18.5%) | 0.00 | 46 |
2021-06-01 | $197,400 (13.2%) | $242,533 (17.9%) | 0.00 | 48 |
2021-07-01 | $174,900 (-7.7%) | $228,241 (7.1%) | 0.00 | 60 |
2021-08-01 | $183,425 (4.8%) | $233,944 (13.0%) | 0.00 | 51 |
2021-09-01 | $178,650 (-8.2%) | $229,734 (1.3%) | 0.00 | 59 |
2021-10-01 | $167,900 (-16.0%) | $235,017 (-1.5%) | 0.00 | 60 |
2021-11-01 | $163,675 (-3.7%) | $227,087 (3.9%) | 0.00 | 65 |
2021-12-01 | $157,900 (-4.3%) | $218,285 (5.1%) | 0.00 | 64 |
2022-01-01 | $152,900 (-2.3%) | $218,494 (9.3%) | 0.00 | 55 |
2022-02-01 | $165,750 (12.4%) | $235,730 (23.1%) | 0.00 | 40 |
2022-03-01 | $194,950 (24.6%) | $271,447 (31.5%) | 0.00 | 42 |
2022-04-01 | $215,000 (30.7%) | $311,794 (40.7%) | 0.00 | 42 |
2022-05-01 | $224,950 (18.5%) | $306,669 (32.2%) | 0.00 | 56 |
2022-06-01 | $217,000 (9.9%) | $308,767 (27.3%) | 0.00 | 76 |
2022-07-01 | $195,000 (11.5%) | $282,257 (23.7%) | 0.00 | 87 |
2022-08-01 | $189,900 (3.5%) | $263,606 (12.7%) | 0.00 | 99 |
2022-09-01 | $201,050 (12.5%) | $278,766 (21.3%) | 0.00 | 92 |
2022-10-01 | $199,997 (19.1%) | $278,820 (18.6%) | 0.00 | 89 |
2022-11-01 | $205,300 (25.4%) | $279,251 (23.0%) | 0.00 | 87 |
2022-12-01 | $214,500 (35.9%) | $281,807 (29.1%) | 0.00 | 77 |
2023-01-01 | $207,400 (35.6%) | $284,802 (30.4%) | 0.00 | 63 |
2023-02-01 | $222,400 (34.2%) | $299,873 (27.2%) | 0.00 | 53 |
2023-03-01 | $228,650 (17.3%) | $249,706 (-8.0%) | 0.00 | 52 |
2023-04-01 | $239,900 (11.6%) | $256,925 (-17.6%) | 0.00 | 49 |
2023-05-01 | $259,925 (15.6%) | $277,480 (-9.5%) | 0.00 | 53 |
2023-06-01 | $253,675 (16.9%) | $313,635 (1.6%) | 0.00 | 63 |
2023-07-01 | $249,900 (28.2%) | $303,509 (7.5%) | 0.00 | 70 |
2023-08-01 | $248,000 (30.6%) | $295,278 (12.0%) | 0.00 | 76 |
Hillsdale's median listing price comes in at 0% of the national average.
Hillsdale's average listing price for 2023-08-01 was $295,278, a difference of $31,672 (12.0%) versus the prior year and $-8,231 versus the prior month.
For the 2023-08-01 period, Hillsdale had 76 MLS listings, a difference of 6 listings (9%) versus the prior month and -23 listings (-23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hillsdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. 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 | 1,650 sqft |
2019-01-01 | 0 days | 1,640 sqft |
2019-02-01 | 0 days | 1,635 sqft |
2019-03-01 | 0 days | 1,638 sqft |
2019-04-01 | 0 days | 1,654 sqft |
2019-05-01 | 0 days | 1,743 sqft |
2019-06-01 | 0 days | 1,745 sqft |
2019-07-01 | 0 days | 1,680 sqft |
2019-08-01 | 0 days | 1,688 sqft |
2019-09-01 | 0 days | 1,736 sqft |
2019-10-01 | 0 days | 1,774 sqft |
2019-11-01 | 0 days | 1,769 sqft |
2019-12-01 | 0 days | 1,751 sqft |
2020-01-01 | 0 days | 1,800 sqft |
2020-02-01 | 0 days | 1,719 sqft |
2020-03-01 | 0 days | 1,740 sqft |
2020-04-01 | 0 days | 1,773 sqft |
2020-05-01 | 0 days | 1,790 sqft |
2020-06-01 | 0 days | 1,779 sqft |
2020-07-01 | 0 days | 1,872 sqft |
2020-08-01 | 0 days | 1,650 sqft |
2020-09-01 | 0 days | 1,648 sqft |
2020-10-01 | 0 days | 1,746 sqft |
2020-11-01 | 0 days | 1,622 sqft |
2020-12-01 | 0 days | 1,683 sqft |
2021-01-01 | 0 days | 1,647 sqft |
2021-02-01 | 0 days | 1,598 sqft |
2021-03-01 | 0 days | 1,519 sqft |
2021-04-01 | 0 days | 1,552 sqft |
2021-05-01 | 0 days | 1,650 sqft |
2021-06-01 | 0 days | 1,667 sqft |
2021-07-01 | 0 days | 1,664 sqft |
2021-08-01 | 0 days | 1,600 sqft |
2021-09-01 | 0 days | 1,586 sqft |
2021-10-01 | 0 days | 1,650 sqft |
2021-11-01 | 0 days | 1,650 sqft |
2021-12-01 | 0 days | 1,677 sqft |
2022-01-01 | 0 days | 1,588 sqft |
2022-02-01 | 0 days | 1,562 sqft |
2022-03-01 | 0 days | 1,645 sqft |
2022-04-01 | 0 days | 1,650 sqft |
2022-05-01 | 0 days | 1,637 sqft |
2022-06-01 | 0 days | 1,699 sqft |
2022-07-01 | 0 days | 1,713 sqft |
2022-08-01 | 0 days | 1,695 sqft |
2022-09-01 | 0 days | 1,665 sqft |
2022-10-01 | 0 days | 1,748 sqft |
2022-11-01 | 0 days | 1,742 sqft |
2022-12-01 | 0 days | 1,747 sqft |
2023-01-01 | 0 days | 1,658 sqft |
2023-02-01 | 0 days | 1,705 sqft |
2023-03-01 | 0 days | 1,778 sqft |
2023-04-01 | 0 days | 1,768 sqft |
2023-05-01 | 0 days | 1,768 sqft |
2023-06-01 | 0 days | 1,843 sqft |
2023-07-01 | 0 days | 1,800 sqft |
2023-08-01 | 0 days | 1,779 sqft |
Hillsdale's median square footage for active listings during the 2023-08-01 period was 1,779 sqft. One year prior, the average listing was 1,695 sqft.
Hillsdale, MI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 480 | $88,200,000 | $183,750 |
Cash Out Refi | 235 | $33,365,000 | $141,979 |
Refi | 117 | $13,625,000 | $116,453 |
Home Improvement | 87 | $5,995,000 | $68,908 |
Other | 54 | $5,260,000 | $97,407 |
Hillsdale's most frequently cited loan purpose was Home Purchase, with 480 originations. The 2nd most popular reason was Cash Out Refi, with 235 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 243 | $38,845,000 | $159,856 |
3-4% | 216 | $32,540,000 | $150,648 |
4-5% | 212 | $32,820,000 | $154,811 |
6-7% | 126 | $19,570,000 | $155,317 |
7-8% | 60 | $7,130,000 | $118,833 |
2.5-3% | 56 | $8,850,000 | $158,036 |
<2.5% | 27 | $3,735,000 | $138,333 |
Over 8% | 19 | $1,165,000 | $61,316 |
During 2022, Hillsdale's most frequently originated rate bucket was 5-6%, with 243 originations.
Loan Sizing (Hillsdale, MI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 446 | $64,650,000 | $144,955 |
$100,000 or less | 306 | $18,450,000 | $60,294 |
$200k-400k | 195 | $51,555,000 | $264,385 |
$400k-600k | 25 | $11,185,000 | $447,400 |
$600k-1000k | 1 | $605,000 | $605,000 |
Hillsdale's loan sizing saw the bucket of loans from $100k-200k with 446 originations, totaling $64,650,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 371 | $66,785,000 | $180,013 |
60-80% | 280 | $48,310,000 | $172,536 |
40-60% | 127 | $17,475,000 | $137,598 |
20-40% | 96 | $7,760,000 | $80,833 |
Under 20% | 78 | $2,890,000 | $37,051 |
Over 100% | 2 | $730,000 | $365,000 |
Hillsdale's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 371 originations, totaling $66,785,000 in origination value.