Marion 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 Marion averaged 7.19% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 7.27% and one month ago for the week of 2024-03-14, the average rate was 6.73%.

    Marion's average rate one year ago was 6.66%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Marion 30 Year Fixed Rate 2024-04-18 7.19%
    Marion 30 Year Fixed Rate Refi 2024-04-18 7.5%
    Marion 15 Year Fixed Rate 2024-04-18 6.39%
    Marion 15 Year Fixed Rate Refi 2024-04-18 6.59%
    Marion 30 Year FHA 2024-04-18 7.13%
    Marion 30 Year FHA Refi 2024-04-18 6.76%
    Marion 30 Year USDA 2024-04-18 6.76%
    Marion 30 Year USDA Refi 2024-04-18 6.66%
    Marion 30 Year VA 2024-04-18 6.86%
    Marion 30 Year VA Refi 2024-04-18 6.76%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Marion, IN.

    Marion 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 Marion, IN 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
    RUOFF MORTGAGE COMPANY, INC. 79 6.90% $2,538
    UNION HOME MORTGAGE CORP. 34 7.26% $4,021
    Regions Bank 26 7.22% $3,157
    First Farmers Bank and Trust Company 20 7.23% $2,340
    STAR Financial Bank 16 6.66% $2,487
    QUICKEN LOANS, LLC 14 6.64% $6,390
    Nations Lending Corporation 11 7.42% $2,490
    MOVEMENT MORTGAGE, LLC 10 6.63% $5,337
    Northwest Bank 8 6.30% $1,907
    BEACON CREDIT UNION 7 6.66% $2,070
    ROYAL UNITED MORTGAGE LLC 6 7.17% $5,425
    STOCKTON MORTGAGE CORPORATION 6 7.00% $4,239
    JPMorgan Chase Bank 5 6.83% $3,645
    First Merchants Bank 5 6.98% $2,454
    Mortgage Research Center, LLC 4 6.97% $2,260
    GVC MORTGAGE, INC. 4 7.12% $3,762
    INDIANA MEMBERS CREDIT UNION 4 6.16% $2,267
    Horizon Bank 4 7.13% $2,037
    CALIBER HOME LOANS, INC. 4 6.75% $2,997
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 7.06% $2,872
    Fifth Third Bank 4 7.25% $3,344
    NEWREZ LLC 3 6.54% $3,117
    Wells Fargo Bank 3 6.83% $4,020
    FORUM Credit Union 3 6.58% $2,167
    ZILLOW HOME LOANS, LLC 2 7.63% $3,423
    BROKER SOLUTIONS, INC. 2 6.06% $5,748
    Crossroads Bank 2 6.75% $1,252
    Farm Credit Mid-America, ACA 2 7.63% $6,216
    First Federal Savings Bank 2 6.50% $2,081
    GENEVA FINANCIAL, LLC 2 7.31% $3,227
    LOANDEPOT.COM, LLC 2 6.63% $6,894
    MEMBER FIRST MORTGAGE, LLC 2 7.50% $3,353
    NAVY FEDERAL CREDIT UNION 2 7.94% $1,340
    NBKC BANK 2 8.00% $2,839
    PNC Bank 2 6.31% $3,184
    ProFed Federal Credit Union 2 5.50% $2,477
    TEACHERS CREDIT UNION 2 7.31% $2,358
    The Huntington National Bank 2 6.19% $2,773
    Three Rivers Federal Credit Union 2 7.56% $2,653
    THRIVE MORTGAGE, LLC 2 6.63% $2,859
    UNITED WHOLESALE MORTGAGE, LLC 2 7.63% $3,097
    AMERISAVE MORTGAGE CORPORATION 1 7.99% $5,795
    The State Bank and Trust Company 1 6.25% $2,741
    ENDEAVOR CAPITAL, LLC. 1 5.88% $4,034
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.99% $5,158
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $13,734
    PARTNERS 1ST Federal Credit Union 1 6.38% $2,399
    PENNYMAC LOAN SERVICES, LLC 1 6.38% $2,686
    PHH Mortgage Corporation 1 6.88% $11,271
    PLAZA HOME MORTGAGE, INC. 1 6.63% $2,336
    AMERICAN FINANCIAL NETWORK, INC. 1 6.63% $3,187
    PREMIA MORTGAGE, LLC 1 6.99% $150
    American Mortgage & Equity Consultants, Inc. 1 7.88% $14,021
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $4,368
    CROSSCOUNTRY MORTGAGE, LLC 1 6.38% $3,438
    Citizens State Bank of New Castle 1 7.50% $2,522
    CITIZENS EQUITY FIRST 1 6.13% $1,835
    Citizens Bank 1 8.00% $1,565
    Solidarity Community Federal Credit Union 1 6.88% $1,812
    CHURCHILL MORTGAGE CORPORATION 1 8.13% $2,940
    HALLMARK HOME MORTGAGE, LLC 1 7.13% $4,461
    GUARANTEED RATE, INC. 1 6.88% $3,259
    KeyBank 1 6.25% $2,526
    Beeline Loans, Inc. 1 7.50% $3,709
    TUCKER MORTGAGE, LLC 1 6.63% $4,062
    MJW Financial LLC 1 6.63% $3,687
    MORTGAGE 1 INCORPORATED 1 7.38% $2,515
    FLAT BRANCH MORTGAGE, INC. 1 6.38% $2,586
    First United Bank and Trust Company 1 7.25% $3,071
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $7,131
    First Financial Bank 1 6.88% $2,920

    Marion Average Closing Costs & Other Stats

    Marion, IN's 71 lenders originated 1,011 loans during 2023. The total origination value was $132,635,000, with an average loan value of $131,192.

    Marion's average closing costs are $3,797.

    The top Marion lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 79 loans originated. Their average total fees are $2,538, which is $1,483 lower than the next largest lender, UNION HOME MORTGAGE CORP..

    The lowest fee Marion lenders (with over 10 loans originated) are First Farmers Bank and Trust Company ($2,340), STAR Financial Bank ($2,487), Nations Lending Corporation ($2,490), RUOFF MORTGAGE COMPANY, INC. ($2,538) and Regions Bank ($3,157).

    The lowest rate Marion lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (6.63%), QUICKEN LOANS, LLC (6.64%), STAR Financial Bank (6.66%), RUOFF MORTGAGE COMPANY, INC. (6.90%) and Regions Bank (7.22%).

    Marion, IN 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
    RUOFF MORTGAGE COMPANY, INC. $22,240,000 $19,755,000 -11.2% 14.9%
    Regions Bank $8,495,000 $10,950,000 28.9% 8.3%
    UNION HOME MORTGAGE CORP. $2,100,000 $9,440,000 349.5% 7.1%
    STAR Financial Bank $7,845,000 $6,850,000 -12.7% 5.2%
    First Farmers Bank and Trust Company $11,050,000 $6,710,000 -39.3% 5.1%
    QUICKEN LOANS, LLC $9,015,000 $5,415,000 -39.9% 4.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $4,620,000 n/a 3.5%
    Mortgage Research Center, LLC $4,925,000 $4,345,000 -11.8% 3.3%
    Prudential Huntoon Paige Associates, LLC $3,835,000 n/a 2.9%
    Northwest Bank $3,585,000 $3,560,000 -0.7% 2.7%
    MOVEMENT MORTGAGE, LLC $600,000 $2,860,000 376.7% 2.2%
    Nations Lending Corporation $8,625,000 $2,780,000 -67.8% 2.1%
    Greenfield Banking Company $2,405,000 n/a 1.8%
    GVC MORTGAGE, INC. $1,700,000 $2,065,000 21.5% 1.6%
    BEACON CREDIT UNION $1,710,000 $1,785,000 4.4% 1.3%
    NAVY FEDERAL CREDIT UNION $1,175,000 $1,760,000 49.8% 1.3%
    INDIANA MEMBERS CREDIT UNION $1,260,000 $1,685,000 33.7% 1.3%
    TRIAD FINANCIAL SERVICES, INC. $785,000 $1,590,000 102.5% 1.2%
    Horizon Bank $1,550,000 $1,260,000 -18.7% 0.9%
    First Merchants Bank $495,000 $1,210,000 144.4% 0.9%
    JPMorgan Chase Bank $930,000 $1,190,000 28.0% 0.9%
    Three Rivers Federal Credit Union $1,280,000 $1,155,000 -9.8% 0.9%
    LOANDEPOT.COM, LLC $1,820,000 $1,050,000 -42.3% 0.8%
    CALIBER HOME LOANS, INC. $7,185,000 $1,030,000 -85.7% 0.8%
    STOCKTON MORTGAGE CORPORATION $145,000 $965,000 565.5% 0.7%
    NEW DAY FINANCIAL, LLC $450,000 $950,000 111.1% 0.7%
    ROYAL UNITED MORTGAGE LLC $625,000 $945,000 51.2% 0.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $790,000 $940,000 19.0% 0.7%
    FREEDOM MORTGAGE CORPORATION $1,055,000 $905,000 -14.2% 0.7%
    American Mortgage & Equity Consultants, Inc. $875,000 n/a 0.7%
    HALLMARK HOME MORTGAGE, LLC $960,000 $795,000 -17.2% 0.6%
    First Financial Bank $775,000 n/a 0.6%
    NEWREZ LLC $990,000 $775,000 -21.7% 0.6%
    BROKER SOLUTIONS, INC. $450,000 $695,000 54.4% 0.5%
    AMERISAVE MORTGAGE CORPORATION $490,000 $685,000 39.8% 0.5%
    MEMBER FIRST MORTGAGE, LLC $455,000 $680,000 49.5% 0.5%
    Crossroads Bank $770,000 $650,000 -15.6% 0.5%
    CITIZENS EQUITY FIRST $575,000 n/a 0.4%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $570,000 n/a 0.4%
    Fifth Third Bank $445,000 $525,000 18.0% 0.4%
    Farm Credit Mid-America, ACA $840,000 $520,000 -38.1% 0.4%
    The Huntington National Bank $665,000 $495,000 -25.6% 0.4%
    NATIONWIDE MORTGAGE BANKERS, INC. $490,000 n/a 0.4%
    UNITED WHOLESALE MORTGAGE, LLC $475,000 $480,000 1.1% 0.4%
    Old National Bank $145,000 $465,000 220.7% 0.4%
    PANORAMA MORTGAGE GROUP, LLC $455,000 n/a 0.3%
    GUARANTEED RATE, INC. $2,525,000 $430,000 -83.0% 0.3%
    FORUM Credit Union $260,000 $410,000 57.7% 0.3%
    The State Bank and Trust Company $215,000 $395,000 83.7% 0.3%
    Citizens Bank $385,000 n/a 0.3%
    ProFed Federal Credit Union $155,000 $385,000 148.4% 0.3%
    PENNYMAC LOAN SERVICES, LLC $1,520,000 $375,000 -75.3% 0.3%
    THRIVE MORTGAGE, LLC $95,000 $375,000 294.7% 0.3%
    PLAZA HOME MORTGAGE, INC. $260,000 $370,000 42.3% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $540,000 $365,000 -32.4% 0.3%
    Wells Fargo Bank $375,000 $355,000 -5.3% 0.3%
    AMERICAN FINANCIAL NETWORK, INC. $350,000 n/a 0.3%
    TEACHERS CREDIT UNION $610,000 $350,000 -42.6% 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $145,000 $330,000 127.6% 0.2%
    NBKC BANK $330,000 n/a 0.2%
    INDIANA UNIVERSITY CREDIT UNION $325,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $595,000 $325,000 -45.4% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $450,000 $315,000 -30.0% 0.2%
    PNC Bank $785,000 $315,000 -59.9% 0.2%
    V.I.P. MORTGAGE, INC. $315,000 n/a 0.2%
    First Federal Savings Bank $6,130,000 $310,000 -94.9% 0.2%
    GENEVA FINANCIAL, LLC $320,000 $310,000 -3.1% 0.2%
    MIDWEST AMERICA $305,000 n/a 0.2%
    Community First Bank of Indiana $260,000 $300,000 15.4% 0.2%
    ENDEAVOR CAPITAL, LLC. $300,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $95,000 $285,000 200.0% 0.2%
    PHH Mortgage Corporation $75,000 $285,000 280.0% 0.2%
    1ST SIGNATURE LENDING, LLC $135,000 $280,000 107.4% 0.2%
    Northpointe Bank $260,000 $280,000 7.7% 0.2%
    Lake City Bank $75,000 $270,000 260.0% 0.2%
    Blue Ridge Bank $95,000 $260,000 173.7% 0.2%
    TUCKER MORTGAGE, LLC $260,000 n/a 0.2%
    BMO Harris Bank $60,000 $255,000 325.0% 0.2%
    CHURCHILL MORTGAGE CORPORATION $305,000 $255,000 -16.4% 0.2%
    First Bank of Berne $95,000 $235,000 147.4% 0.2%
    Flagstar Bank, FSB $1,020,000 $235,000 -77.0% 0.2%
    SPRING EQ, LLC $235,000 n/a 0.2%
    TOP FLITE FINANCIAL, INC. $230,000 n/a 0.2%
    U.S. Bank $180,000 $225,000 25.0% 0.2%
    PARTNERS 1ST Federal Credit Union $290,000 $215,000 -25.9% 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $205,000 n/a 0.2%
    MJW Financial LLC $1,135,000 $195,000 -82.8% 0.1%
    Prosperity Home Mortgage, LLC $185,000 $195,000 5.4% 0.1%
    PREMIA MORTGAGE, LLC $185,000 n/a 0.1%
    FLAT BRANCH MORTGAGE, INC. $825,000 $180,000 -78.2% 0.1%
    CARDINAL FINANCIAL $155,000 $175,000 12.9% 0.1%
    LENOX FINANCIAL MORTGAGE CORPORATION $175,000 n/a 0.1%
    Pinnacle Bank $175,000 n/a 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $170,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $700,000 $165,000 -76.4% 0.1%
    ZILLOW HOME LOANS, LLC $235,000 $150,000 -36.2% 0.1%
    LEADERONE FINANCIAL CORPORATION $135,000 $145,000 7.4% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $255,000 $140,000 -45.1% 0.1%
    Solidarity Community Federal Credit Union $165,000 $140,000 -15.2% 0.1%
    FINANCIAL BUILDERS Federal Credit Union $210,000 $135,000 -35.7% 0.1%
    AMCAP MORTGAGE, LTD. $115,000 n/a 0.1%
    First Financial Bank $115,000 n/a 0.1%
    First United Bank and Trust Company $115,000 n/a 0.1%
    LOANPAL, LLC $115,000 n/a 0.1%
    First Federal Savings Bank $6,130,000 $110,000 -98.2% 0.1%
    MICHIGAN MUTUAL, INC. $135,000 $105,000 -22.2% 0.1%
    MORTGAGE 1 INCORPORATED $105,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $95,000 n/a 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $95,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $135,000 $90,000 -33.3% 0.1%
    Carrington Mortgage Services, LLC $890,000 $85,000 -90.4% 0.1%
    CIVIC FINANCIAL SERVICES, LLC $75,000 $85,000 13.3% 0.1%
    Hometown Equity Mortgage, LLC $85,000 n/a 0.1%
    Park Lane Finance Solutions, LLC $85,000 n/a 0.1%
    AMERICAN HERITAGE LENDING, INC. $75,000 n/a 0.1%
    KeyBank $340,000 $75,000 -77.9% 0.1%
    Plains Commerce Bank $75,000 n/a 0.1%
    Citizens State Bank of New Castle $290,000 $65,000 -77.6% 0.0%
    Beeline Loans, Inc. $55,000 n/a 0.0%
    Elements Financial Federal Credit Union $270,000 $55,000 -79.6% 0.0%
    Merchants Bank of Indiana $15,840,000 $55,000 -99.7% 0.0%
    Figure Lending LLC $165,000 $50,000 -69.7% 0.0%
    The North Salem State Bank $45,000 n/a 0.0%
    Thrive FCU $45,000 n/a 0.0%
    Madison County Federal Credit Union $165,000 $25,000 -84.8% 0.0%

    Marion's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 14.9% market share. In second place, with 8.3%, is Regions Bank, having originated $10,950,000 in loans. In third place, with 7.1%, is UNION HOME MORTGAGE CORP., having originated $9,440,000 in loans. In fourth place, with 5.2%, is STAR Financial Bank, having originated $6,850,000 in loans. In fifth place, with 5.1%, is First Farmers Bank and Trust Company, having originated $6,710,000 in loans.

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

    Realtor.com - Marion (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 $69,900 (-12.1%) $98,698 (1.1%) 0.00 226
    2018-02-01 $69,900 (-11.4%) $99,117 (-1.2%) 0.00 229
    2018-03-01 $69,900 (-7.6%) $98,167 (-2.6%) 0.00 229
    2018-04-01 $69,900 (-6.7%) $97,691 (-3.5%) 0.00 238
    2018-05-01 $69,900 (-8.3%) $103,167 (1.3%) 0.00 251
    2018-06-01 $73,900 (-3.0%) $106,273 (5.7%) 0.00 246
    2018-07-01 $69,900 (-8.6%) $101,705 (-1.2%) 0.00 245
    2018-08-01 $73,450 (-5.8%) $100,099 (-6.6%) 0.00 266
    2018-09-01 $74,900 (-0.1%) $101,500 (-6.7%) 0.00 273
    2018-10-01 $74,925 (0.0%) $102,978 (-4.8%) 0.00 277
    2018-11-01 $72,600 (3.9%) $101,993 (0.3%) 0.00 266
    2018-12-01 $69,900 (3.6%) $100,719 (6.6%) 0.00 251
    2019-01-01 $67,575 (-3.3%) $96,974 (-1.8%) 0.00 246
    2019-02-01 $69,900 (0.0%) $97,787 (-1.3%) 0.00 239
    2019-03-01 $69,357 (-0.8%) $97,555 (-0.6%) 0.00 210
    2019-04-01 $69,457 (-0.6%) $101,529 (3.9%) 0.00 170
    2019-05-01 $61,200 (-12.5%) $100,118 (-3.0%) 0.00 157
    2019-06-01 $60,750 (-17.8%) $100,755 (-5.2%) 0.00 171
    2019-07-01 $74,200 (6.2%) $113,535 (11.6%) 0.00 188
    2019-08-01 $77,291 (5.2%) $117,174 (17.1%) 0.00 197
    2019-09-01 $88,377 (18.0%) $123,296 (21.5%) 0.00 199
    2019-10-01 $93,518 (24.8%) $125,728 (22.1%) 0.00 202
    2019-11-01 $91,100 (25.5%) $125,153 (22.7%) 0.00 217
    2019-12-01 $90,800 (29.9%) $125,367 (24.5%) 0.00 214
    2020-01-01 $83,270 (23.2%) $118,347 (22.0%) 0.00 206
    2020-02-01 $79,900 (14.3%) $115,818 (18.4%) 0.00 189
    2020-03-01 $79,350 (14.4%) $111,377 (14.2%) 0.00 189
    2020-04-01 $79,900 (15.0%) $114,457 (12.7%) 0.00 175
    2020-05-01 $79,900 (30.6%) $115,939 (15.8%) 0.00 149
    2020-06-01 $76,875 (26.5%) $116,491 (15.6%) 0.00 156
    2020-07-01 $78,125 (5.3%) $117,803 (3.8%) 0.00 157
    2020-08-01 $73,900 (-4.4%) $106,727 (-8.9%) 0.00 140
    2020-09-01 $70,950 (-19.7%) $103,860 (-15.8%) 0.00 136
    2020-10-01 $75,300 (-19.5%) $108,619 (-13.6%) 0.00 143
    2020-11-01 $75,375 (-17.3%) $108,905 (-13.0%) 0.00 144
    2020-12-01 $74,675 (-17.8%) $109,849 (-12.4%) 0.00 129
    2021-01-01 $79,000 (-5.1%) $110,068 (-7.0%) 0.00 112
    2021-02-01 $76,975 (-3.7%) $110,036 (-5.0%) 0.00 100
    2021-03-01 $66,300 (-16.5%) $99,808 (-10.4%) 0.00 71
    2021-04-01 $81,150 (1.6%) $100,623 (-12.1%) 0.00 52
    2021-05-01 $79,900 (0.0%) $105,505 (-9.0%) 0.00 53
    2021-06-01 $81,175 (5.6%) $102,478 (-12.0%) 0.00 51
    2021-07-01 $82,450 (5.5%) $105,159 (-10.7%) 0.00 60
    2021-08-01 $89,200 (20.7%) $119,875 (12.3%) 0.00 76
    2021-09-01 $89,350 (25.9%) $124,606 (20.0%) 0.00 82
    2021-10-01 $84,900 (12.8%) $120,783 (11.2%) 0.00 77
    2021-11-01 $77,925 (3.4%) $119,123 (9.4%) 0.00 84
    2021-12-01 $87,500 (17.2%) $125,363 (14.1%) 0.00 78
    2022-01-01 $82,854 (4.9%) $111,646 (1.4%) 0.00 66
    2022-02-01 $81,825 (6.3%) $112,824 (2.5%) 0.00 51
    2022-03-01 $72,900 (10.0%) $109,029 (9.2%) 0.00 53
    2022-04-01 $75,500 (-7.0%) $112,314 (11.6%) 0.00 55
    2022-05-01 $80,575 (0.8%) $127,536 (20.9%) 0.00 63
    2022-06-01 $82,450 (1.6%) $125,882 (22.8%) 0.00 72
    2022-07-01 $89,000 (7.9%) $133,278 (26.7%) 0.00 85
    2022-08-01 $97,625 (9.5%) $127,714 (6.5%) 0.00 93
    2022-09-01 $99,950 (11.9%) $141,525 (13.6%) 0.00 104
    2022-10-01 $99,900 (17.7%) $132,170 (9.4%) 0.00 104
    2022-11-01 $102,050 (31.0%) $140,254 (17.7%) 0.00 104
    2022-12-01 $104,900 (19.9%) $137,877 (10.0%) 0.00 105
    2023-01-01 $79,900 (-3.6%) $113,045 (1.3%) 0.00 91
    2023-02-01 $74,425 (-9.0%) $110,832 (-1.8%) 0.00 85
    2023-03-01 $77,400 (6.2%) $111,905 (2.6%) 0.00 75
    2023-04-01 $92,500 (22.5%) $141,349 (25.9%) 0.00 58
    2023-05-01 $99,900 (24.0%) $149,165 (17.0%) 0.00 62
    2023-06-01 $97,450 (18.2%) $155,425 (23.5%) 0.00 66
    2023-07-01 $99,900 (12.3%) $146,846 (10.2%) 0.00 63
    2023-08-01 $111,000 (13.7%) $141,945 (11.1%) 0.00 69
    2023-09-01 $115,950 (16.0%) $151,812 (7.3%) 0.00 73
    2023-10-01 $114,950 (15.1%) $160,163 (21.2%) 0.00 94
    2023-11-01 $129,950 (27.3%) $155,490 (10.9%) 0.00 110
    2023-12-01 $138,900 (32.4%) $157,084 (13.9%) 0.00 109
    2024-01-01 $145,975 (82.7%) $166,793 (47.6%) 0.00 104
    2024-02-01 $148,800 (99.9%) $170,153 (53.5%) 0.00 89
    2024-03-01 $144,450 (86.6%) $171,971 (53.7%) 0.00 81
    Marion's median listing price for 2024-03-01 was $144,450, a difference of $67,050 (86.6%) versus the prior year and $-4,350 versus the prior month.

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

    Marion's average listing price for 2024-03-01 was $171,971, a difference of $60,066 (53.7%) versus the prior year and $1,818 versus the prior month.

    For the 2024-03-01 period, Marion had 81 MLS listings, a difference of -8 listings (-9%) versus the prior month and 6 listings (8%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,558 sqft
    2018-02-01 0 days 1,547 sqft
    2018-03-01 0 days 1,480 sqft
    2018-04-01 0 days 1,420 sqft
    2018-05-01 0 days 1,387 sqft
    2018-06-01 0 days 1,442 sqft
    2018-07-01 0 days 1,411 sqft
    2018-08-01 0 days 1,434 sqft
    2018-09-01 0 days 1,442 sqft
    2018-10-01 0 days 1,472 sqft
    2018-11-01 0 days 1,464 sqft
    2018-12-01 0 days 1,466 sqft
    2019-01-01 0 days 1,478 sqft
    2019-02-01 0 days 1,491 sqft
    2019-03-01 0 days 1,510 sqft
    2019-04-01 0 days 1,569 sqft
    2019-05-01 0 days 1,488 sqft
    2019-06-01 0 days 1,442 sqft
    2019-07-01 0 days 1,528 sqft
    2019-08-01 0 days 1,504 sqft
    2019-09-01 0 days 1,539 sqft
    2019-10-01 0 days 1,555 sqft
    2019-11-01 0 days 1,566 sqft
    2019-12-01 0 days 1,568 sqft
    2020-01-01 0 days 1,558 sqft
    2020-02-01 0 days 1,501 sqft
    2020-03-01 0 days 1,475 sqft
    2020-04-01 0 days 1,458 sqft
    2020-05-01 0 days 1,492 sqft
    2020-06-01 0 days 1,463 sqft
    2020-07-01 0 days 1,527 sqft
    2020-08-01 0 days 1,440 sqft
    2020-09-01 0 days 1,422 sqft
    2020-10-01 0 days 1,456 sqft
    2020-11-01 0 days 1,447 sqft
    2020-12-01 0 days 1,483 sqft
    2021-01-01 0 days 1,492 sqft
    2021-02-01 0 days 1,451 sqft
    2021-03-01 0 days 1,398 sqft
    2021-04-01 0 days 1,461 sqft
    2021-05-01 0 days 1,488 sqft
    2021-06-01 0 days 1,420 sqft
    2021-07-01 0 days 1,490 sqft
    2021-08-01 0 days 1,547 sqft
    2021-09-01 0 days 1,494 sqft
    2021-10-01 0 days 1,427 sqft
    2021-11-01 0 days 1,432 sqft
    2021-12-01 0 days 1,443 sqft
    2022-01-01 0 days 1,424 sqft
    2022-02-01 0 days 1,434 sqft
    2022-03-01 0 days 1,387 sqft
    2022-04-01 0 days 1,498 sqft
    2022-05-01 0 days 1,562 sqft
    2022-06-01 0 days 1,542 sqft
    2022-07-01 0 days 1,532 sqft
    2022-08-01 0 days 1,558 sqft
    2022-09-01 0 days 1,562 sqft
    2022-10-01 0 days 1,549 sqft
    2022-11-01 0 days 1,619 sqft
    2022-12-01 0 days 1,515 sqft
    2023-01-01 0 days 1,454 sqft
    2023-02-01 0 days 1,441 sqft
    2023-03-01 0 days 1,478 sqft
    2023-04-01 0 days 1,500 sqft
    2023-05-01 0 days 1,450 sqft
    2023-06-01 0 days 1,505 sqft
    2023-07-01 0 days 1,500 sqft
    2023-08-01 0 days 1,408 sqft
    2023-09-01 0 days 1,360 sqft
    2023-10-01 0 days 1,422 sqft
    2023-11-01 0 days 1,512 sqft
    2023-12-01 0 days 1,523 sqft
    2024-01-01 0 days 1,502 sqft
    2024-02-01 0 days 1,654 sqft
    2024-03-01 0 days 1,762 sqft
    Marion's median listing age (time on market) for 2024-03-01 was 0 days.

    Marion's median square footage for active listings during the 2024-03-01 period was 1,762 sqft. One year prior, the average listing was 1,478 sqft.

    Marion, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 609 $100,125,000 $164,409
    Cash Out Refi 160 $14,880,000 $93,000
    Home Improvement 131 $7,515,000 $57,366
    Refi 57 $6,345,000 $111,316
    Other 54 $3,770,000 $69,815

    Marion's most frequently cited loan purpose was Home Purchase, with 609 originations. The 2nd most popular reason was Cash Out Refi, with 160 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    7-8% 359 $41,225,000 $114,833
    6-7% 340 $49,000,000 $144,118
    Over 8% 165 $15,375,000 $93,182
    5-6% 108 $24,080,000 $222,963
    3-4% 17 $1,165,000 $68,529
    4-5% 7 $975,000 $139,286
    <2.5% 4 $80,000 $20,000
    2.5-3% 3 $435,000 $145,000

    During 2023, Marion's most frequently originated rate bucket was 7-8%, with 359 originations.

    Loan Sizing (Marion, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 519 $29,025,000 $55,925
    $100k-200k 352 $48,760,000 $138,523
    $200k-400k 126 $32,980,000 $261,746
    $400k-600k 9 $4,185,000 $465,000
    $Over $1MM 5 $17,685,000 $3,537,000

    Marion's loan sizing saw the bucket of loans from $100,000 or less with 519 originations, totaling $29,025,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 475 $78,525,000 $165,316
    60-80% 179 $29,675,000 $165,782
    20-40% 136 $7,770,000 $57,132
    Under 20% 93 $2,945,000 $31,667
    40-60% 75 $10,695,000 $142,600
    Over 100% 8 $1,420,000 $177,500

    Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 475 originations, totaling $78,525,000 in origination value.