Indiana 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 Indiana averaged 7.25% 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 6.94% and one month ago for the week of 2023-08-17, the average rate was 6.75%.

    Indiana's average rate one year ago was 6.08%.

    For refis of the same type during the week of 2023-09-21, the average rate was 4.87%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Indiana 30 Year Fixed Rate 2023-09-21 7.25%
    Indiana 30 Year Fixed Rate Refi 2023-09-21 4.87%
    Indiana 15 Year Fixed Rate 2023-09-21 6.54%
    Indiana 15 Year Fixed Rate Refi 2023-09-21 6.04%
    Indiana 30 Year FHA 2023-09-21 6.52%
    Indiana 30 Year FHA Refi 2023-09-21 7.14%
    Indiana 30 Year USDA 2023-09-21 7.12%
    Indiana 30 Year USDA Refi 2023-09-21 6.82%
    Indiana 30 Year VA 2023-09-21 6.62%
    Indiana 30 Year VA Refi 2023-09-21 6.72%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Indiana, PA.

    Indiana 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 Indiana, PA 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    InFirst Bank 33 4.45% $3,215
    First Commonwealth Bank 29 4.98% $4,046
    S&T Bank 22 5.32% $3,647
    QUICKEN LOANS, LLC 19 5.39% $5,310
    CNB Bank 13 4.64% $4,182
    NORWICH COMMERCIAL GROUP, INC. 13 5.54% $6,865
    PNC Bank 13 4.68% $4,540
    PLAZA HOME MORTGAGE, INC. 10 5.55% $8,459
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 6.29% $6,534
    First National Bank of Pennsylvania 8 4.98% $3,664
    PENNSYLVANIA STATE EMPLOYEES Credit Union 8 5.00% $2,619
    UNITED WHOLESALE MORTGAGE, LLC 7 5.89% $5,152
    Union Savings Bank 7 3.80% $2,179
    1st Summit Bank 5 4.14% $3,704
    EMM LOANS LLC 5 4.45% $6,428
    Wells Fargo Bank 4 5.53% $4,734
    HOWARD HANNA FINANCIAL SERVICES, INC. 4 4.71% $3,819
    SOMERSET TRUST COMPANY 4 4.53% $3,155
    Dollar Bank, Federal Savings Bank 4 4.81% $4,316
    Citizens Bank 4 5.94% $6,726
    NAVY FEDERAL CREDIT UNION 3 3.96% $4,237
    AmeriServ Financial Bank 3 5.00% $3,441
    GUILD MORTGAGE COMPANY 3 4.33% $5,814
    LOANDEPOT.COM, LLC 3 5.75% $5,144
    PENNYMAC LOAN SERVICES, LLC 2 4.87% $2,895
    AMERISAVE MORTGAGE CORPORATION 2 5.00% $8,693
    WEST PENN FINANCIAL SERVICE CENTER, INC. 2 4.31% $4,757
    UNION HOME MORTGAGE CORP. 2 4.50% $5,632
    Clearview Federal Credit Union 2 4.79% $3,477
    BROKER SOLUTIONS, INC. 2 7.31% $5,772
    Univest Bank and Trust Co. 2 6.00% $5,137
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.19% $4,272
    MidAtlantic Farm Credit, ACA 2 3.86% $5,943
    RELIANCE FIRST CAPITAL, LLC 2 4.75% $5,983
    ALLIED MORTGAGE GROUP, INC. 2 4.25% $7,257
    MOVEMENT MORTGAGE, LLC 1 3.13% $0
    Mr. Cooper ( Nationstar Mortgage ) 1 3.50% $7,369
    CORNING 1 4.13% $4,364
    NEXTIER BANK, NATIONAL ASSOCIATION 1 6.25% $1,878
    Northwest Bank 1 4.50% $8,612
    OCMBC, INC. 1 9.25% $10,622
    Citadel Servicing Corporation 1 7.50% $9,207
    PENTAGON FEDERAL CREDIT UNION 1 4.88% $6,884
    CALIBER HOME LOANS, INC. 1 3.88% $6,254
    BETTER MORTGAGE CORPORATION 1 5.50% $5,496
    SOFI LENDING CORP. 1 3.50% $4,926
    Bank of America 1 5.75% $3,399
    The Farmers National Bank of Emlenton 1 4.25% $4,830
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.50% $5,803
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.50% $3,912
    USAA Federal Savings Bank 1 5.00% $9,093
    Victorian Finance, LLC 1 5.13% $5,076
    First National Bank of America 1 9.63% $7,440
    Flagstar Bank, FSB 1 4.99% $3,642
    First Federal Bank of the Midwest 1 3.13% $5,172
    FREEDOM MORTGAGE CORPORATION 1 3.25% $7,387
    Fulton Bank 1 5.88% $3,630
    GUARANTEED RATE AFFINITY, LLC 1 4.99% $5,699
    GUARANTEED RATE, INC. 1 4.49% $6,097
    HOMESIDE FINANCIAL, LLC 1 4.25% $7,223
    EVERENCE FEDERAL CREDIT UNION 1 7.50% $3,696
    CROSSCOUNTRY MORTGAGE, LLC 1 4.99% $7,029
    INTERCOASTAL MORTGAGE COMPANY 1 3.50% $6,693
    Jersey Shore State Bank 1 4.88% $4,691
    JPMorgan Chase Bank 1 3.63% $6,088

    Indiana Average Closing Costs & Other Stats

    Indiana, PA's 65 lenders originated 1,611 loans during 2022. The total origination value was $193,575,000, with an average loan value of $120,158.

    Indiana's average closing costs are $4,856.

    The top Indiana lender as defined by loan originations is InFirst Bank, with 33 loans originated. Their average total fees are $3,215, which is $831 lower than the next largest lender, First Commonwealth Bank.

    The lowest fee Indiana lenders (with over 10 loans originated) are InFirst Bank ($3,215), S&T Bank ($3,647), First Commonwealth Bank ($4,046), CNB Bank ($4,182) and PNC Bank ($4,540).

    The lowest rate Indiana lenders (with over 10 loans originated) are InFirst Bank (4.45%), CNB Bank (4.64%), PNC Bank (4.68%), First Commonwealth Bank (4.98%) and S&T Bank (5.32%).

    Indiana, PA 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
    First Commonwealth Bank $29,815,000 $24,730,000 -17.1% 12.8%
    S&T Bank $40,715,000 $24,210,000 -40.5% 12.5%
    InFirst Bank $28,660,000 $18,485,000 -35.5% 9.5%
    Marion Center Bank $11,405,000 $12,625,000 10.7% 6.5%
    CNB Bank $11,480,000 $8,155,000 -29.0% 4.2%
    QUICKEN LOANS, LLC $16,515,000 $7,370,000 -55.4% 3.8%
    First National Bank of Pennsylvania $8,315,000 $6,225,000 -25.1% 3.2%
    Elderton State Bank $4,300,000 $6,165,000 43.4% 3.2%
    NORWICH COMMERCIAL GROUP, INC. $7,785,000 $5,870,000 -24.6% 3.0%
    AFFORDABLE MORTGAGE ADVISORS, LLC. $1,325,000 $5,580,000 321.1% 2.9%
    PNC Bank $5,730,000 $5,415,000 -5.5% 2.8%
    PENNSYLVANIA STATE EMPLOYEES Credit Union $7,180,000 $4,975,000 -30.7% 2.6%
    PLAZA HOME MORTGAGE, INC. $1,395,000 $4,490,000 221.9% 2.3%
    1st Summit Bank $6,235,000 $3,890,000 -37.6% 2.0%
    Citizens Bank $5,030,000 $3,515,000 -30.1% 1.8%
    Mortgage Research Center, LLC $3,545,000 $2,930,000 -17.3% 1.5%
    UNITED WHOLESALE MORTGAGE, LLC $2,470,000 $2,715,000 9.9% 1.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,930,000 $2,545,000 -48.4% 1.3%
    Union Savings Bank $2,630,000 $2,150,000 -18.3% 1.1%
    EMM LOANS LLC $5,765,000 $1,965,000 -65.9% 1.0%
    UNION HOME MORTGAGE CORP. $3,405,000 $1,720,000 -49.5% 0.9%
    Flagstar Bank, FSB $1,060,000 $1,360,000 28.3% 0.7%
    UTILITIES EMPLOYEES CREDIT UNION $730,000 $1,325,000 81.5% 0.7%
    Dollar Bank, Federal Savings Bank $1,970,000 $1,265,000 -35.8% 0.7%
    LOANDEPOT.COM, LLC $1,890,000 $1,240,000 -34.4% 0.6%
    NAVY FEDERAL CREDIT UNION $2,570,000 $1,235,000 -51.9% 0.6%
    First Federal Bank of the Midwest $2,010,000 $1,140,000 -43.3% 0.6%
    AmeriServ Financial Bank $440,000 $1,055,000 139.8% 0.5%
    Wells Fargo Bank $2,910,000 $980,000 -66.3% 0.5%
    GUILD MORTGAGE COMPANY $965,000 n/a 0.5%
    PENNYMAC LOAN SERVICES, LLC $2,015,000 $965,000 -52.1% 0.5%
    AMERISAVE MORTGAGE CORPORATION $1,380,000 $860,000 -37.7% 0.4%
    FREEDOM MORTGAGE CORPORATION $2,530,000 $815,000 -67.8% 0.4%
    HOMESIDE FINANCIAL, LLC $185,000 $815,000 340.5% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,080,000 $795,000 -26.4% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,560,000 $790,000 -49.4% 0.4%
    WEST PENN FINANCIAL SERVICE CENTER, INC. $3,010,000 $765,000 -74.6% 0.4%
    Mars Bank $635,000 n/a 0.3%
    MOVEMENT MORTGAGE, LLC $1,595,000 $625,000 -60.8% 0.3%
    HOME POINT FINANCIAL CORPORATION $880,000 $595,000 -32.4% 0.3%
    Northwest Bank $550,000 $595,000 8.2% 0.3%
    USAA Federal Savings Bank $535,000 $585,000 9.3% 0.3%
    Slovenian Savings & Loan Association of Franklin-Conemaugh $575,000 n/a 0.3%
    Bank of America $1,515,000 $540,000 -64.4% 0.3%
    MidAtlantic Farm Credit, ACA $540,000 n/a 0.3%
    GUARANTEED RATE AFFINITY, LLC $470,000 $520,000 10.6% 0.3%
    Clearview Federal Credit Union $125,000 $515,000 312.0% 0.3%
    GUARANTEED RATE, INC. $155,000 $480,000 209.7% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $260,000 $455,000 75.0% 0.2%
    SOMERSET TRUST COMPANY $1,575,000 $450,000 -71.4% 0.2%
    North American Savings Bank, F.S.B. $445,000 n/a 0.2%
    HOWARD HANNA FINANCIAL SERVICES, INC. $605,000 $430,000 -28.9% 0.2%
    RELIANCE FIRST CAPITAL, LLC $650,000 $430,000 -33.8% 0.2%
    21ST MORTGAGE CORPORATION $120,000 $395,000 229.2% 0.2%
    Princeton Mortgage Corporation $395,000 n/a 0.2%
    JLB CORPORATION $1,130,000 $385,000 -65.9% 0.2%
    ALLIED MORTGAGE GROUP, INC. $380,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $225,000 $375,000 66.7% 0.2%
    Northpointe Bank $375,000 n/a 0.2%
    Reliance Savings Bank $155,000 $350,000 125.8% 0.2%
    PennCrest Bank $545,000 $345,000 -36.7% 0.2%
    The Farmers National Bank of Emlenton $1,000,000 $345,000 -65.5% 0.2%
    BETTER MORTGAGE CORPORATION $1,795,000 $325,000 -81.9% 0.2%
    Univest Bank and Trust Co. $320,000 n/a 0.2%
    FINANCE OF AMERICA MORTGAGE LLC $260,000 $305,000 17.3% 0.2%
    Strong Home Mortgage, LLC $295,000 n/a 0.2%
    CORNING $275,000 n/a 0.1%
    Victorian Finance, LLC $820,000 $270,000 -67.1% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $285,000 $265,000 -7.0% 0.1%
    STOCKTON MORTGAGE CORPORATION $260,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $245,000 n/a 0.1%
    LOANPAL, LLC $85,000 $245,000 188.2% 0.1%
    Jersey Shore State Bank $105,000 $225,000 114.3% 0.1%
    PENTAGON FEDERAL CREDIT UNION $555,000 $225,000 -59.5% 0.1%
    AMERICAN FINANCING CORPORATION $220,000 n/a 0.1%
    PLANET HOME LENDING, LLC $235,000 $215,000 -8.5% 0.1%
    SOFI LENDING CORP. $205,000 n/a 0.1%
    SSB Bank $70,000 $205,000 192.9% 0.1%
    Magnolia Bank $325,000 $195,000 -40.0% 0.1%
    VILLAGE CAPITAL MORTGAGE $1,695,000 $195,000 -88.5% 0.1%
    Westmoreland Federal Savings $135,000 $195,000 44.4% 0.1%
    BROKER SOLUTIONS, INC. $650,000 $190,000 -70.8% 0.1%
    INTERCOASTAL MORTGAGE COMPANY $185,000 n/a 0.1%
    OCMBC, INC. $185,000 n/a 0.1%
    EQUITY RESOURCES, INC. $1,530,000 $175,000 -88.6% 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $550,000 $170,000 -69.1% 0.1%
    First Guaranty Mortgage Corporation $1,160,000 $165,000 -85.8% 0.1%
    NEXTIER BANK, NATIONAL ASSOCIATION $910,000 $160,000 -82.4% 0.1%
    Figure Lending LLC $140,000 $155,000 10.7% 0.1%
    CALIBER HOME LOANS, INC. $440,000 $145,000 -67.0% 0.1%
    Citadel Servicing Corporation $145,000 n/a 0.1%
    Fulton Bank $145,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $425,000 $145,000 -65.9% 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $135,000 n/a 0.1%
    Carrington Mortgage Services, LLC $1,080,000 $130,000 -88.0% 0.1%
    1ST SIGNATURE LENDING, LLC $125,000 n/a 0.1%
    EVERENCE FEDERAL CREDIT UNION $125,000 n/a 0.1%
    First National Bank of America $125,000 n/a 0.1%
    JPMorgan Chase Bank $480,000 $125,000 -74.0% 0.1%
    NUMARK CREDIT UNION $125,000 n/a 0.1%
    Orrstown Bank $125,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $125,000 n/a 0.1%
    FEDERATED MORTGAGE CORP. $105,000 n/a 0.1%
    MICHIGAN MUTUAL, INC. $65,000 $105,000 61.5% 0.1%
    NEWREZ LLC $2,045,000 $105,000 -94.9% 0.1%
    The Huntington National Bank $450,000 $100,000 -77.8% 0.1%
    ARC Federal Credit Union $95,000 n/a 0.0%
    LENDINGHOME FUNDING CORPORATION $95,000 n/a 0.0%
    The Federal Savings Bank $390,000 $95,000 -75.6% 0.0%
    CFSBANK $245,000 $85,000 -65.3% 0.0%
    NATIONS RELIABLE LENDING, LLC $85,000 n/a 0.0%
    Paramount Residential Mortgage Group, Inc. $85,000 n/a 0.0%
    EMBRACE HOME LOANS, INC. $75,000 n/a 0.0%
    NEW DAY FINANCIAL, LLC $290,000 $75,000 -74.1% 0.0%
    THRIVENT Federal Credit Union $75,000 n/a 0.0%
    USX Federal Credit Union $75,000 n/a 0.0%
    AMERICAN FINANCIAL RESOURCES, INC. $65,000 n/a 0.0%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $65,000 n/a 0.0%
    Gateway First Bank $95,000 $65,000 -31.6% 0.0%
    Hometown Lenders, Inc. $65,000 n/a 0.0%
    Commercial Bank and Trust of PA $45,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $85,000 $35,000 -58.8% 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $35,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%

    Indiana's top lender by overall market share is First Commonwealth Bank, with 12.8% market share. In second place, with 12.5%, is S&T Bank, having originated $24,210,000 in loans. In third place, with 9.5%, is InFirst Bank, having originated $18,485,000 in loans. In fourth place, with 6.5%, is Marion Center Bank, having originated $12,625,000 in loans. In fifth place, with 4.2%, is CNB Bank, having originated $8,155,000 in loans.

    Indiana Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Indiana (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 $108,625 (-8.9%) $155,333 (-5.9%) 0.00 376
    2018-02-01 $111,450 (-7.1%) $155,419 (-10.2%) 0.00 350
    2018-03-01 $116,450 (-6.8%) $156,864 (-11.8%) 0.00 344
    2018-04-01 $122,400 (-5.4%) $160,322 (-8.8%) 0.00 356
    2018-05-01 $129,900 (1.1%) $163,673 (-7.0%) 0.00 380
    2018-06-01 $129,900 (3.6%) $164,051 (-5.8%) 0.00 392
    2018-07-01 $125,575 (0.5%) $160,924 (-6.2%) 0.00 398
    2018-08-01 $124,175 (1.5%) $160,802 (-3.4%) 0.00 416
    2018-09-01 $129,900 (11.5%) $164,547 (2.1%) 0.00 401
    2018-10-01 $128,975 (12.2%) $166,842 (5.7%) 0.00 378
    2018-11-01 $129,900 (13.0%) $168,852 (6.0%) 0.00 364
    2018-12-01 $129,000 (17.3%) $168,375 (6.9%) 0.00 345
    2019-01-01 $129,450 (19.2%) $171,757 (10.6%) 0.00 327
    2019-02-01 $129,900 (16.6%) $169,860 (9.3%) 0.00 312
    2019-03-01 $133,800 (14.9%) $177,786 (13.3%) 0.00 309
    2019-04-01 $139,500 (14.0%) $186,658 (16.4%) 0.00 308
    2019-05-01 $139,900 (7.7%) $181,843 (11.1%) 0.00 311
    2019-06-01 $143,450 (10.4%) $183,423 (11.8%) 0.00 328
    2019-07-01 $139,000 (10.7%) $178,977 (11.2%) 0.00 326
    2019-08-01 $133,486 (7.5%) $175,265 (9.0%) 0.00 327
    2019-09-01 $131,216 (1.0%) $173,987 (5.7%) 0.00 318
    2019-10-01 $129,675 (0.5%) $173,135 (3.8%) 0.00 312
    2019-11-01 $129,900 (0.0%) $176,731 (4.7%) 0.00 307
    2019-12-01 $125,475 (-2.7%) $170,150 (1.1%) 0.00 285
    2020-01-01 $124,975 (-3.5%) $169,409 (-1.4%) 0.00 270
    2020-02-01 $120,000 (-7.6%) $166,577 (-1.9%) 0.00 248
    2020-03-01 $117,475 (-12.2%) $171,902 (-3.3%) 0.00 233
    2020-04-01 $124,900 (-10.5%) $169,611 (-9.1%) 0.00 227
    2020-05-01 $125,000 (-10.7%) $176,981 (-2.7%) 0.00 231
    2020-06-01 $134,150 (-6.5%) $184,284 (0.5%) 0.00 216
    2020-07-01 $130,500 (-6.1%) $185,824 (3.8%) 0.00 221
    2020-08-01 $129,900 (-2.7%) $186,174 (6.2%) 0.00 217
    2020-09-01 $124,900 (-4.8%) $182,222 (4.7%) 0.00 207
    2020-10-01 $124,900 (-3.7%) $185,426 (7.1%) 0.00 194
    2020-11-01 $124,900 (-3.9%) $182,429 (3.2%) 0.00 191
    2020-12-01 $124,900 (-0.5%) $185,261 (8.9%) 0.00 173
    2021-01-01 $124,900 (-0.1%) $186,448 (10.1%) 0.00 168
    2021-02-01 $128,950 (7.5%) $189,529 (13.8%) 0.00 143
    2021-03-01 $122,400 (4.2%) $184,332 (7.2%) 0.00 140
    2021-04-01 $130,300 (4.3%) $198,798 (17.2%) 0.00 121
    2021-05-01 $134,900 (7.9%) $194,718 (10.0%) 0.00 116
    2021-06-01 $139,650 (4.1%) $193,900 (5.2%) 0.00 110
    2021-07-01 $129,900 (-0.5%) $189,450 (2.0%) 0.00 113
    2021-08-01 $127,400 (-1.9%) $182,481 (-2.0%) 0.00 123
    2021-09-01 $131,925 (5.6%) $175,894 (-3.5%) 0.00 130
    2021-10-01 $129,900 (4.0%) $175,109 (-5.6%) 0.00 123
    2021-11-01 $122,200 (-2.2%) $176,152 (-3.4%) 0.00 132
    2021-12-01 $122,350 (-2.0%) $176,118 (-4.9%) 0.00 126
    2022-01-01 $127,000 (1.7%) $177,382 (-4.9%) 0.00 111
    2022-02-01 $113,975 (-11.6%) $167,141 (-11.8%) 0.00 94
    2022-03-01 $127,000 (3.8%) $173,678 (-5.8%) 0.00 87
    2022-04-01 $129,000 (-1.0%) $180,704 (-9.1%) 0.00 74
    2022-05-01 $143,650 (6.5%) $191,978 (-1.4%) 0.00 89
    2022-06-01 $149,450 (7.0%) $192,261 (-0.9%) 0.00 94
    2022-07-01 $149,900 (15.4%) $202,334 (6.8%) 0.00 119
    2022-08-01 $151,775 (19.1%) $205,850 (12.8%) 0.00 113
    2022-09-01 $141,975 (7.6%) $204,698 (16.4%) 0.00 115
    2022-10-01 $137,235 (5.7%) $189,713 (8.3%) 0.00 113
    2022-11-01 $139,675 (14.3%) $187,483 (6.4%) 0.00 108
    2022-12-01 $139,900 (14.3%) $180,789 (2.7%) 0.00 92
    2023-01-01 $137,235 (8.1%) $182,132 (2.7%) 0.00 84
    2023-02-01 $139,000 (22.0%) $193,776 (15.9%) 0.00 82
    2023-03-01 $126,825 (-0.1%) $172,375 (-0.8%) 0.00 75
    2023-04-01 $139,000 (7.8%) $189,971 (5.1%) 0.00 78
    2023-05-01 $162,200 (12.9%) $214,532 (11.8%) 0.00 74
    2023-06-01 $152,250 (1.9%) $211,641 (10.1%) 0.00 79
    2023-07-01 $150,000 (0.1%) $209,922 (3.8%) 0.00 94
    2023-08-01 $148,225 (-2.3%) $251,398 (22.1%) 0.00 86
    Indiana's median listing price for 2023-08-01 was $148,225, a difference of $-3,550 (-2.3%) versus the prior year and $-1,775 versus the prior month.

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

    Indiana's average listing price for 2023-08-01 was $251,398, a difference of $45,548 (22.1%) versus the prior year and $41,476 versus the prior month.

    For the 2023-08-01 period, Indiana had 86 MLS listings, a difference of -8 listings (-9%) versus the prior month and -27 listings (-24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Indiana (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,599 sqft
    2018-02-01 0 days 1,599 sqft
    2018-03-01 0 days 1,604 sqft
    2018-04-01 0 days 1,588 sqft
    2018-05-01 0 days 1,593 sqft
    2018-06-01 0 days 1,614 sqft
    2018-07-01 0 days 1,636 sqft
    2018-08-01 0 days 1,693 sqft
    2018-09-01 0 days 1,711 sqft
    2018-10-01 0 days 1,703 sqft
    2018-11-01 0 days 1,666 sqft
    2018-12-01 0 days 1,705 sqft
    2019-01-01 0 days 1,705 sqft
    2019-02-01 0 days 1,747 sqft
    2019-03-01 0 days 1,766 sqft
    2019-04-01 0 days 1,780 sqft
    2019-05-01 0 days 1,839 sqft
    2019-06-01 0 days 1,829 sqft
    2019-07-01 0 days 1,736 sqft
    2019-08-01 0 days 1,704 sqft
    2019-09-01 0 days 1,686 sqft
    2019-10-01 0 days 1,668 sqft
    2019-11-01 0 days 1,626 sqft
    2019-12-01 0 days 1,619 sqft
    2020-01-01 0 days 1,613 sqft
    2020-02-01 0 days 1,603 sqft
    2020-03-01 0 days 1,629 sqft
    2020-04-01 0 days 1,674 sqft
    2020-05-01 0 days 1,680 sqft
    2020-06-01 0 days 1,680 sqft
    2020-07-01 0 days 1,657 sqft
    2020-08-01 0 days 1,648 sqft
    2020-09-01 0 days 1,646 sqft
    2020-10-01 0 days 1,648 sqft
    2020-11-01 0 days 1,596 sqft
    2020-12-01 0 days 1,582 sqft
    2021-01-01 0 days 1,549 sqft
    2021-02-01 0 days 1,545 sqft
    2021-03-01 0 days 1,549 sqft
    2021-04-01 0 days 1,623 sqft
    2021-05-01 0 days 1,640 sqft
    2021-06-01 0 days 1,567 sqft
    2021-07-01 0 days 1,601 sqft
    2021-08-01 0 days 1,564 sqft
    2021-09-01 0 days 1,575 sqft
    2021-10-01 0 days 1,554 sqft
    2021-11-01 0 days 1,559 sqft
    2021-12-01 0 days 1,554 sqft
    2022-01-01 0 days 1,568 sqft
    2022-02-01 0 days 1,514 sqft
    2022-03-01 0 days 1,568 sqft
    2022-04-01 0 days 1,632 sqft
    2022-05-01 0 days 1,603 sqft
    2022-06-01 0 days 1,580 sqft
    2022-07-01 0 days 1,589 sqft
    2022-08-01 0 days 1,604 sqft
    2022-09-01 0 days 1,610 sqft
    2022-10-01 0 days 1,547 sqft
    2022-11-01 0 days 1,478 sqft
    2022-12-01 0 days 1,423 sqft
    2023-01-01 0 days 1,560 sqft
    2023-02-01 0 days 1,630 sqft
    2023-03-01 0 days 1,599 sqft
    2023-04-01 0 days 1,556 sqft
    2023-05-01 0 days 1,628 sqft
    2023-06-01 0 days 1,586 sqft
    2023-07-01 0 days 1,584 sqft
    2023-08-01 0 days 1,534 sqft
    Indiana's median listing age (time on market) for 2023-08-01 was 0 days.

    Indiana's median square footage for active listings during the 2023-08-01 period was 1,534 sqft. One year prior, the average listing was 1,604 sqft.

    Indiana, PA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 671 $102,375,000 $152,571
    Refi 427 $50,335,000 $117,881
    Home Improvement 222 $12,280,000 $55,315
    Other 175 $13,345,000 $76,257
    Cash Out Refi 116 $15,240,000 $131,379

    Indiana's most frequently cited loan purpose was Home Purchase, with 671 originations. The 2nd most popular reason was Refi, with 427 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 360 $44,480,000 $123,556
    5-6% 294 $36,870,000 $125,408
    4-5% 279 $34,235,000 $122,706
    <2.5% 185 $15,595,000 $84,297
    6-7% 147 $17,335,000 $117,925
    2.5-3% 137 $18,025,000 $131,569
    7-8% 47 $4,135,000 $87,979
    Over 8% 19 $1,305,000 $68,684

    During 2022, Indiana's most frequently originated rate bucket was 3-4%, with 360 originations.

    Loan Sizing (Indiana, PA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 832 $47,440,000 $57,019
    $100k-200k 538 $74,480,000 $138,439
    $200k-400k 208 $53,590,000 $257,644
    $400k-600k 25 $11,695,000 $467,800
    $600k-1000k 7 $5,365,000 $766,429
    $Over $1MM 1 $1,005,000 $1,005,000

    Indiana's loan sizing saw the bucket of loans from $100,000 or less with 832 originations, totaling $47,440,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 541 $83,415,000 $154,187
    60-80% 357 $49,505,000 $138,669
    20-40% 217 $14,235,000 $65,599
    40-60% 171 $16,885,000 $98,743
    Under 20% 167 $5,445,000 $32,605
    Over 100% 11 $2,295,000 $208,636

    Indiana's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 541 originations, totaling $83,415,000 in origination value.