Indiana 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 Indiana averaged 6.57% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.76% and one month ago for the week of 2024-11-07, the average rate was 6.76%.

    Indiana's average rate one year ago was 7%.

    For refis of the same type during the week of 2024-12-12, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Indiana 30 Year Fixed Rate 2024-12-12 6.57%
    Indiana 30 Year Fixed Rate Refi 2024-12-12 7%
    Indiana 15 Year Fixed Rate 2024-12-12 5.64%
    Indiana 15 Year Fixed Rate Refi 2024-12-12 5.74%
    Indiana 30 Year FHA 2024-12-12 6.41%
    Indiana 30 Year FHA Refi 2024-12-12 6.08%
    Indiana 30 Year USDA 2024-12-12 6.4%
    Indiana 30 Year USDA Refi 2024-12-12 6.1%
    Indiana 30 Year VA 2024-12-12 5.88%
    Indiana 30 Year VA Refi 2024-12-12 6.28%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    S&T Bank 30 6.44% $3,910
    InFirst Bank 25 6.41% $3,517
    PENNSYLVANIA STATE EMPLOYEES Credit Union 18 6.36% $2,403
    First Commonwealth Bank 18 6.73% $4,583
    QUICKEN LOANS, LLC 16 7.02% $5,220
    NORWICH COMMERCIAL GROUP, INC. 13 7.11% $7,047
    AFFORDABLE MORTGAGE ADVISORS, LLC. 10 6.88% $4,418
    Citizens Bank 10 6.54% $5,542
    PLAZA HOME MORTGAGE, INC. 9 6.69% $8,221
    PNC Bank 9 6.74% $4,662
    CNB Bank 7 6.64% $4,555
    First National Bank of Pennsylvania 6 6.50% $3,842
    UNITED WHOLESALE MORTGAGE, LLC 6 7.38% $7,164
    STOCKTON MORTGAGE CORPORATION 5 6.93% $6,997
    WELCOME HOME FINANCE, L.P. 4 6.47% $3,309
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.18% $7,462
    GUARANTEED RATE AFFINITY, LLC 3 7.21% $6,658
    CARDINAL FINANCIAL 3 6.91% $5,628
    AmeriServ Financial Bank 3 6.75% $3,161
    Wells Fargo Bank 3 6.71% $5,391
    Flagstar Bank, FSB 3 6.83% $5,812
    Union Savings Bank 3 6.21% $6,591
    The Huntington National Bank 3 7.42% $4,502
    Clearview Federal Credit Union 2 6.19% $3,395
    EQUITY RESOURCES, INC. 2 6.75% $5,148
    Jersey Shore State Bank 2 6.62% $3,939
    MOVEMENT MORTGAGE, LLC 2 5.81% $7,461
    ZILLOW HOME LOANS, LLC 2 7.19% $5,721
    AMERICAN FINANCING CORPORATION 1 5.50% $6,495
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $5,126
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.38% $5,509
    NAVY FEDERAL CREDIT UNION 1 6.38% $2,693
    NEWREZ LLC 1 6.50% $6,977
    Northwest Bank 1 6.50% $3,708
    MEMBER FIRST MORTGAGE, LLC 1 6.50% $4,187
    LOANDEPOT.COM, LLC 1 6.99% $7,243
    PENNYMAC LOAN SERVICES, LLC 1 6.99% $4,362
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $2,892
    Peoples Security Bank and Trust Company 1 7.09% $6,064
    Philadelphia Mortgage Advisors, Inc. 1 7.00% $4,195
    JPMorgan Chase Bank 1 7.25% $2,782
    JLB CORPORATION 1 6.88% $6,068
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.00% $8,723
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.25% $4,937
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 7.50% $6,597
    SOMERSET TRUST COMPANY 1 5.75% $4,694
    GUARANTEED RATE, INC. 1 6.99% $4,608
    GSF Mortgage Corporation 1 6.38% $4,591
    The Ephrata National Bank 1 5.75% $6,909
    FREEDOM MORTGAGE CORPORATION 1 7.63% $5,785
    Truist 1 6.49% $4,528
    UNION HOME MORTGAGE CORP. 1 6.13% $6,576
    Dollar Bank, Federal Savings Bank 1 6.13% $4,934
    1st Summit Bank 1 6.24% $3,092
    Univest Bank and Trust Co. 1 7.50% $9,504
    U.S. Bank 1 5.99% $4,098
    UTILITIES EMPLOYEES CREDIT UNION 1 5.63% $5,815
    BAY EQUITY LLC 1 7.88% $4,605
    Morgan Stanley Private Bank 1 5.95% $3,896
    Mortgage Research Center, LLC 1 6.50% $156

    Indiana Average Closing Costs & Other Stats

    Indiana, PA's 60 lenders originated 1,201 loans during 2023. The total origination value was $149,065,000, with an average loan value of $124,117.

    Indiana's average closing costs are $4,979.

    The top Indiana lender as defined by loan originations is S&T Bank, with 30 loans originated. Their average total fees are $3,910, which is $392 higher than the next largest lender, InFirst Bank.

    The lowest fee Indiana lenders (with over 10 loans originated) are PENNSYLVANIA STATE EMPLOYEES Credit Union ($2,403), InFirst Bank ($3,517), S&T Bank ($3,910), AFFORDABLE MORTGAGE ADVISORS, LLC. ($4,418) and First Commonwealth Bank ($4,583).

    The lowest rate Indiana lenders (with over 10 loans originated) are PENNSYLVANIA STATE EMPLOYEES Credit Union (6.36%), InFirst Bank (6.41%), S&T Bank (6.44%), Citizens Bank (6.54%) and First Commonwealth Bank (6.73%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    S&T Bank $24,210,000 $23,510,000 -2.9% 15.8%
    InFirst Bank $18,485,000 $17,020,000 -7.9% 11.4%
    First Commonwealth Bank $24,730,000 $12,685,000 -48.7% 8.5%
    PNC Bank $5,415,000 $6,790,000 25.4% 4.6%
    Marion Center Bank $12,625,000 $6,525,000 -48.3% 4.4%
    Elderton State Bank $6,165,000 $6,240,000 1.2% 4.2%
    NORWICH COMMERCIAL GROUP, INC. $5,870,000 $6,150,000 4.8% 4.1%
    PENNSYLVANIA STATE EMPLOYEES Credit Union $4,975,000 $5,860,000 17.8% 3.9%
    CNB Bank $8,155,000 $5,305,000 -34.9% 3.6%
    Mortgage Research Center, LLC $2,930,000 $5,045,000 72.2% 3.4%
    PLAZA HOME MORTGAGE, INC. $4,490,000 $5,005,000 11.5% 3.4%
    QUICKEN LOANS, LLC $7,370,000 $4,270,000 -42.1% 2.9%
    First National Bank of Pennsylvania $6,225,000 $4,015,000 -35.5% 2.7%
    UNITED WHOLESALE MORTGAGE, LLC $2,715,000 $2,925,000 7.7% 2.0%
    1st Summit Bank $3,890,000 $2,025,000 -47.9% 1.4%
    Brentwood Bank $1,980,000 n/a 1.3%
    AFFORDABLE MORTGAGE ADVISORS, LLC. $5,580,000 $1,895,000 -66.0% 1.3%
    Citizens Bank $3,515,000 $1,815,000 -48.4% 1.2%
    STOCKTON MORTGAGE CORPORATION $260,000 $1,690,000 550.0% 1.1%
    Union Savings Bank $2,150,000 $1,580,000 -26.5% 1.1%
    UNION HOME MORTGAGE CORP. $1,720,000 $1,470,000 -14.5% 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,545,000 $1,375,000 -46.0% 0.9%
    CARDINAL FINANCIAL $170,000 $1,105,000 550.0% 0.7%
    First Federal Bank of the Midwest $1,140,000 $785,000 -31.1% 0.5%
    AmeriServ Financial Bank $1,055,000 $780,000 -26.1% 0.5%
    UTILITIES EMPLOYEES CREDIT UNION $1,325,000 $775,000 -41.5% 0.5%
    SOMERSET TRUST COMPANY $450,000 $760,000 68.9% 0.5%
    RELIANCE FIRST CAPITAL, LLC $430,000 $700,000 62.8% 0.5%
    WELCOME HOME FINANCE, L.P. $665,000 n/a 0.4%
    Univest Bank and Trust Co. $320,000 $620,000 93.8% 0.4%
    Dollar Bank, Federal Savings Bank $1,265,000 $595,000 -53.0% 0.4%
    MOVEMENT MORTGAGE, LLC $625,000 $580,000 -7.2% 0.4%
    GUARANTEED RATE AFFINITY, LLC $520,000 $575,000 10.6% 0.4%
    Wells Fargo Bank $980,000 $550,000 -43.9% 0.4%
    The Ephrata National Bank $545,000 n/a 0.4%
    NEXTIER BANK, NATIONAL ASSOCIATION $160,000 $535,000 234.4% 0.4%
    BROKER SOLUTIONS, INC. $190,000 $500,000 163.2% 0.3%
    SOUTHPOINT FINANCIAL SERVICES, INC. $490,000 n/a 0.3%
    Flagstar Bank, FSB $1,360,000 $445,000 -67.3% 0.3%
    NAVY FEDERAL CREDIT UNION $1,235,000 $445,000 -64.0% 0.3%
    USAA Federal Savings Bank $585,000 $405,000 -30.8% 0.3%
    CMG MORTGAGE, INC. $400,000 n/a 0.3%
    Clearview Federal Credit Union $515,000 $385,000 -25.2% 0.3%
    CFSBANK $85,000 $370,000 335.3% 0.2%
    PENNYMAC LOAN SERVICES, LLC $965,000 $370,000 -61.7% 0.2%
    Northwest Bank $595,000 $360,000 -39.5% 0.2%
    Paramount Residential Mortgage Group, Inc. $85,000 $345,000 305.9% 0.2%
    PROVIDENT FUNDING ASSOCIATES, L.P. $345,000 n/a 0.2%
    Slovenian Savings & Loan Association of Franklin-Conemaugh $575,000 $335,000 -41.7% 0.2%
    Peoples Security Bank and Trust Company $325,000 n/a 0.2%
    The Huntington National Bank $100,000 $325,000 225.0% 0.2%
    Carrington Mortgage Services, LLC $130,000 $305,000 134.6% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $790,000 $280,000 -64.6% 0.2%
    Bank of America $540,000 $255,000 -52.8% 0.2%
    NATIONS RELIABLE LENDING, LLC $85,000 $250,000 194.1% 0.2%
    AMERISAVE MORTGAGE CORPORATION $860,000 $245,000 -71.5% 0.2%
    First Savings Bank $235,000 n/a 0.2%
    U.S. Bank $235,000 n/a 0.2%
    Ally Bank $230,000 n/a 0.2%
    EQUITY RESOURCES, INC. $175,000 $230,000 31.4% 0.2%
    LOANPAL, LLC $245,000 $230,000 -6.1% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $795,000 $225,000 -71.7% 0.2%
    ROYAL UNITED MORTGAGE LLC $145,000 $225,000 55.2% 0.2%
    Discover Bank $220,000 n/a 0.1%
    NEWREZ LLC $105,000 $220,000 109.5% 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $215,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $225,000 $215,000 -4.4% 0.1%
    GUARANTEED RATE, INC. $480,000 $205,000 -57.3% 0.1%
    GUILD MORTGAGE COMPANY $965,000 $205,000 -78.8% 0.1%
    Meridian Bank Corporation $205,000 n/a 0.1%
    Morgan Stanley Private Bank $205,000 n/a 0.1%
    Jersey Shore State Bank $225,000 $200,000 -11.1% 0.1%
    Truist $185,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $180,000 n/a 0.1%
    JPMorgan Chase Bank $125,000 $170,000 36.0% 0.1%
    BAY EQUITY LLC $165,000 n/a 0.1%
    GSF Mortgage Corporation $165,000 n/a 0.1%
    Philadelphia Mortgage Advisors, Inc. $165,000 n/a 0.1%
    First Federal Bank $135,000 n/a 0.1%
    JLB CORPORATION $385,000 $135,000 -64.9% 0.1%
    Northpointe Bank $375,000 $135,000 -64.0% 0.1%
    MEMBER FIRST MORTGAGE, LLC $125,000 n/a 0.1%
    NEXERA HOLDING LLC $115,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $105,000 n/a 0.1%
    BMO Harris Bank $105,000 n/a 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $455,000 $105,000 -76.9% 0.1%
    HOWARD HANNA FINANCIAL SERVICES, INC. $430,000 $105,000 -75.6% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $375,000 $105,000 -72.0% 0.1%
    PHH Mortgage Corporation $105,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $125,000 $105,000 -16.0% 0.1%
    PHEPLE FCU $95,000 n/a 0.1%
    American Airlines Federal Credit Union $85,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $85,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $245,000 $85,000 -65.3% 0.1%
    PLANET HOME LENDING, LLC $215,000 $85,000 -60.5% 0.1%
    AMERICAN FINANCING CORPORATION $220,000 $75,000 -65.9% 0.1%
    FREEDOM MORTGAGE CORPORATION $815,000 $75,000 -90.8% 0.1%
    LOANDEPOT.COM, LLC $1,240,000 $75,000 -94.0% 0.1%
    Centier Bank $65,000 n/a 0.0%
    LIBERTY HOME MORTGAGE CORPORATION $55,000 n/a 0.0%
    NEW DAY FINANCIAL, LLC $75,000 $55,000 -26.7% 0.0%
    Reliance Savings Bank $350,000 $45,000 -87.1% 0.0%
    Century Heritage FCU $25,000 n/a 0.0%
    Coastal Community Bank $25,000 n/a 0.0%
    Figure Lending LLC $155,000 $25,000 -83.9% 0.0%

    Indiana's top lender by overall market share is S&T Bank, with 15.8% market share. In second place, with 11.4%, is InFirst Bank, having originated $17,020,000 in loans. In third place, with 8.5%, is First Commonwealth Bank, having originated $12,685,000 in loans. In fourth place, with 4.6%, is PNC Bank, having originated $6,790,000 in loans. In fifth place, with 4.4%, is Marion Center Bank, having originated $6,525,000 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 $108,500 (-8.8%) $155,356 (-5.6%) 0.00 373
    2018-02-01 $111,450 (-7.1%) $155,305 (-10.1%) 0.00 349
    2018-03-01 $115,500 (-7.5%) $156,670 (-11.6%) 0.00 344
    2018-04-01 $122,400 (-4.5%) $159,790 (-8.7%) 0.00 356
    2018-05-01 $129,900 (2.2%) $163,172 (-6.8%) 0.00 380
    2018-06-01 $129,900 (4.0%) $163,626 (-5.6%) 0.00 392
    2018-07-01 $125,575 (0.5%) $161,432 (-5.5%) 0.00 397
    2018-08-01 $124,900 (3.1%) $161,310 (-2.6%) 0.00 416
    2018-09-01 $129,900 (12.0%) $164,923 (2.7%) 0.00 401
    2018-10-01 $128,250 (11.5%) $166,816 (6.0%) 0.00 377
    2018-11-01 $129,225 (12.4%) $168,657 (6.1%) 0.00 364
    2018-12-01 $129,000 (17.3%) $168,330 (6.9%) 0.00 346
    2019-01-01 $129,450 (19.3%) $171,573 (10.4%) 0.00 329
    2019-02-01 $129,900 (16.6%) $169,681 (9.3%) 0.00 314
    2019-03-01 $133,993 (16.0%) $177,778 (13.5%) 0.00 310
    2019-04-01 $140,200 (14.5%) $186,901 (17.0%) 0.00 309
    2019-05-01 $139,900 (7.7%) $182,216 (11.7%) 0.00 311
    2019-06-01 $144,000 (10.9%) $183,903 (12.4%) 0.00 328
    2019-07-01 $139,450 (11.1%) $179,331 (11.1%) 0.00 325
    2019-08-01 $133,936 (7.2%) $175,560 (8.8%) 0.00 326
    2019-09-01 $131,666 (1.4%) $174,387 (5.7%) 0.00 318
    2019-10-01 $129,900 (1.3%) $173,605 (4.1%) 0.00 312
    2019-11-01 $129,900 (0.5%) $176,788 (4.8%) 0.00 308
    2019-12-01 $125,950 (-2.4%) $170,236 (1.1%) 0.00 286
    2020-01-01 $125,000 (-3.4%) $169,501 (-1.2%) 0.00 271
    2020-02-01 $120,950 (-6.9%) $166,422 (-1.9%) 0.00 250
    2020-03-01 $121,175 (-9.6%) $172,538 (-3.0%) 0.00 233
    2020-04-01 $124,950 (-10.9%) $170,253 (-8.9%) 0.00 227
    2020-05-01 $125,000 (-10.7%) $177,602 (-2.5%) 0.00 231
    2020-06-01 $135,925 (-5.6%) $184,967 (0.6%) 0.00 216
    2020-07-01 $131,500 (-5.7%) $186,357 (3.9%) 0.00 220
    2020-08-01 $129,900 (-3.0%) $186,558 (6.3%) 0.00 216
    2020-09-01 $124,925 (-5.1%) $182,619 (4.7%) 0.00 206
    2020-10-01 $124,900 (-3.9%) $185,426 (6.8%) 0.00 194
    2020-11-01 $124,900 (-3.9%) $182,429 (3.2%) 0.00 191
    2020-12-01 $124,900 (-0.8%) $185,261 (8.8%) 0.00 173
    2021-01-01 $124,900 (-0.1%) $186,448 (10.0%) 0.00 168
    2021-02-01 $128,950 (6.6%) $189,529 (13.9%) 0.00 143
    2021-03-01 $122,400 (1.0%) $184,332 (6.8%) 0.00 140
    2021-04-01 $130,300 (4.3%) $198,798 (16.8%) 0.00 121
    2021-05-01 $134,900 (7.9%) $194,718 (9.6%) 0.00 116
    2021-06-01 $139,650 (2.7%) $193,900 (4.8%) 0.00 110
    2021-07-01 $129,900 (-1.2%) $189,450 (1.7%) 0.00 113
    2021-08-01 $127,400 (-1.9%) $183,959 (-1.4%) 0.00 124
    2021-09-01 $132,400 (6.0%) $177,348 (-2.9%) 0.00 131
    2021-10-01 $129,900 (4.0%) $176,469 (-4.8%) 0.00 124
    2021-11-01 $124,450 (-0.4%) $176,899 (-3.0%) 0.00 133
    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%) $202,320 (6.8%) 0.00 119
    2022-08-01 $149,900 (17.7%) $204,269 (11.0%) 0.00 112
    2022-09-01 $141,784 (7.1%) $203,886 (15.0%) 0.00 114
    2022-10-01 $137,235 (5.7%) $189,713 (7.5%) 0.00 113
    2022-11-01 $139,675 (12.2%) $187,483 (6.0%) 0.00 108
    2022-12-01 $139,900 (14.3%) $179,659 (2.0%) 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 (-1.1%) $251,398 (23.1%) 0.00 86
    2023-09-01 $142,500 (0.5%) $255,584 (25.4%) 0.00 93
    2023-10-01 $143,725 (4.7%) $250,190 (31.9%) 0.00 108
    2023-11-01 $145,000 (3.8%) $242,392 (29.3%) 0.00 116
    2023-12-01 $145,000 (3.7%) $249,555 (38.9%) 0.00 105
    2024-01-01 $152,875 (11.4%) $251,828 (38.3%) 0.00 98
    2024-02-01 $152,875 (10.0%) $248,290 (28.1%) 0.00 84
    2024-03-01 $157,500 (24.2%) $244,822 (42.0%) 0.00 85
    2024-04-01 $155,500 (11.9%) $233,450 (22.9%) 0.00 99
    2024-05-01 $147,164 (-9.3%) $231,883 (8.1%) 0.00 98
    2024-06-01 $160,000 (5.1%) $243,225 (14.9%) 0.00 93
    2024-07-01 $168,725 (12.5%) $240,367 (14.5%) 0.00 101
    2024-08-01 $160,000 (7.9%) $240,827 (-4.2%) 0.00 99
    2024-09-01 $162,500 (14.0%) $251,553 (-1.6%) 0.00 101
    2024-10-01 $160,000 (11.3%) $232,499 (-7.1%) 0.00 101
    2024-11-01 $159,900 (10.3%) $226,257 (-6.7%) 0.00 108
    Indiana's median listing price for 2024-11-01 was $159,900, a difference of $14,900 (10.3%) versus the prior year and $-100 versus the prior month.

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

    Indiana's average listing price for 2024-11-01 was $226,257, a difference of $-16,135 (-6.7%) versus the prior year and $-6,242 versus the prior month.

    For the 2024-11-01 period, Indiana had 108 MLS listings, a difference of 7 listings (7%) versus the prior month and -8 listings (-7%) 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 1,603 sqft
    2018-02-01 0 days 1,607 sqft
    2018-03-01 0 days 1,613 sqft
    2018-04-01 0 days 1,575 sqft
    2018-05-01 0 days 1,586 sqft
    2018-06-01 0 days 1,597 sqft
    2018-07-01 0 days 1,636 sqft
    2018-08-01 0 days 1,702 sqft
    2018-09-01 0 days 1,704 sqft
    2018-10-01 0 days 1,666 sqft
    2018-11-01 0 days 1,644 sqft
    2018-12-01 0 days 1,688 sqft
    2019-01-01 0 days 1,652 sqft
    2019-02-01 0 days 1,708 sqft
    2019-03-01 0 days 1,742 sqft
    2019-04-01 0 days 1,754 sqft
    2019-05-01 0 days 1,792 sqft
    2019-06-01 0 days 1,783 sqft
    2019-07-01 0 days 1,705 sqft
    2019-08-01 0 days 1,687 sqft
    2019-09-01 0 days 1,665 sqft
    2019-10-01 0 days 1,637 sqft
    2019-11-01 0 days 1,595 sqft
    2019-12-01 0 days 1,590 sqft
    2020-01-01 0 days 1,586 sqft
    2020-02-01 0 days 1,583 sqft
    2020-03-01 0 days 1,598 sqft
    2020-04-01 0 days 1,626 sqft
    2020-05-01 0 days 1,648 sqft
    2020-06-01 0 days 1,641 sqft
    2020-07-01 0 days 1,595 sqft
    2020-08-01 0 days 1,587 sqft
    2020-09-01 0 days 1,588 sqft
    2020-10-01 0 days 1,591 sqft
    2020-11-01 0 days 1,573 sqft
    2020-12-01 0 days 1,543 sqft
    2021-01-01 0 days 1,540 sqft
    2021-02-01 0 days 1,541 sqft
    2021-03-01 0 days 1,547 sqft
    2021-04-01 0 days 1,632 sqft
    2021-05-01 0 days 1,642 sqft
    2021-06-01 0 days 1,584 sqft
    2021-07-01 0 days 1,639 sqft
    2021-08-01 0 days 1,572 sqft
    2021-09-01 0 days 1,576 sqft
    2021-10-01 0 days 1,547 sqft
    2021-11-01 0 days 1,554 sqft
    2021-12-01 0 days 1,553 sqft
    2022-01-01 0 days 1,564 sqft
    2022-02-01 0 days 1,510 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 1,608 sqft
    2022-09-01 0 days 1,615 sqft
    2022-10-01 0 days 1,549 sqft
    2022-11-01 0 days 1,493 sqft
    2022-12-01 0 days 1,440 sqft
    2023-01-01 0 days 1,577 sqft
    2023-02-01 0 days 1,634 sqft
    2023-03-01 0 days 1,600 sqft
    2023-04-01 0 days 1,576 sqft
    2023-05-01 0 days 1,628 sqft
    2023-06-01 0 days 1,576 sqft
    2023-07-01 0 days 1,568 sqft
    2023-08-01 0 days 1,520 sqft
    2023-09-01 0 days 1,525 sqft
    2023-10-01 0 days 1,519 sqft
    2023-11-01 0 days 1,624 sqft
    2023-12-01 0 days 1,609 sqft
    2024-01-01 0 days 1,626 sqft
    2024-02-01 0 days 1,503 sqft
    2024-03-01 0 days 1,538 sqft
    2024-04-01 0 days 1,581 sqft
    2024-05-01 0 days 1,646 sqft
    2024-06-01 0 days 1,701 sqft
    2024-07-01 0 days 1,658 sqft
    2024-08-01 0 days 1,654 sqft
    2024-09-01 0 days 1,657 sqft
    2024-10-01 0 days 1,602 sqft
    2024-11-01 0 days 1,568 sqft
    Indiana's median listing age (time on market) for 2024-11-01 was 0 days.

    Indiana's median square footage for active listings during the 2024-11-01 period was 1,568 sqft. One year prior, the average listing was 1,624 sqft.

    Indiana, PA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 543 $94,545,000 $174,116
    Refi 235 $24,815,000 $105,596
    Home Improvement 208 $12,770,000 $61,394
    Other 160 $10,110,000 $63,188
    Cash Out Refi 55 $6,825,000 $124,091

    Indiana's most frequently cited loan purpose was Home Purchase, with 543 originations. The 2nd most popular reason was Refi, with 235 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 417 $56,005,000 $134,305
    7-8% 323 $40,545,000 $125,526
    5-6% 182 $23,660,000 $130,000
    Over 8% 116 $7,530,000 $64,914
    3-4% 30 $2,610,000 $87,000
    4-5% 16 $1,580,000 $98,750
    2.5-3% 12 $1,320,000 $110,000
    <2.5% 2 $200,000 $100,000

    During 2023, Indiana's most frequently originated rate bucket was 6-7%, with 417 originations.

    Loan Sizing (Indiana, PA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 634 $34,330,000 $54,148
    $100k-200k 365 $51,355,000 $140,699
    $200k-400k 172 $45,060,000 $261,977
    $400k-600k 23 $10,895,000 $473,696
    $600k-1000k 4 $2,920,000 $730,000
    $Over $1MM 3 $4,505,000 $1,501,667

    Indiana's loan sizing saw the bucket of loans from $100,000 or less with 634 originations, totaling $34,330,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 389 $65,125,000 $167,416
    60-80% 220 $35,440,000 $161,091
    20-40% 202 $12,510,000 $61,931
    Under 20% 166 $5,560,000 $33,494
    40-60% 106 $11,740,000 $110,755
    Over 100% 14 $2,630,000 $187,857

    Indiana's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 389 originations, totaling $65,125,000 in origination value.