Marion Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marion averaged
6.52%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.54% and
one month ago for the week of 2023-04-20, the
average rate was 6.34%.
Marion's average rate one year ago was 5.1%.
For refis of the same type during the week of 2023-05-25, the average rate
was 7.17%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Marion 30 Year Fixed Rate | 2023-05-25 | 6.52% |
Marion 30 Year Fixed Rate Refi | 2023-05-25 | 7.17% |
Marion 15 Year Fixed Rate | 2023-05-25 | 5.97% |
Marion 15 Year Fixed Rate Refi | 2023-05-25 | 6.47% |
Marion 30 Year FHA | 2023-05-25 | 6.37% |
Marion 30 Year FHA Refi | 2023-05-25 | 6.61% |
Marion 30 Year USDA | 2023-05-25 | 6.43% |
Marion 30 Year USDA Refi | 2023-05-25 | 6.63% |
Marion 30 Year VA | 2023-05-25 | 6.14% |
Marion 30 Year VA Refi | 2023-05-25 | 6.31% |
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.).
Marion Average Closing Costs & Other Stats
Marion, IN's 86 lenders originated 1,234
loans during 2022. The total origination value was $170,300,000, with an average loan value of
$138,006.
Marion's average closing costs are $3,721.
The top Marion lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with
90 loans originated. Their average total fees are
$2,187, which is $26
lower than the next largest lender,
Regions Bank.
The lowest fee Marion lenders (with over 10 loans originated) are
First Farmers Bank and Trust Company ($1,889), RUOFF MORTGAGE COMPANY, INC. ($2,187), Regions Bank ($2,213), Northwest Bank ($2,413) and CALIBER HOME LOANS, INC. ($2,469).
The lowest rate Marion lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.84%), CALIBER HOME LOANS, INC. (5.08%), STAR Financial Bank (5.23%), RUOFF MORTGAGE COMPANY, INC. (5.26%) and Nations Lending Corporation (5.27%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
RUOFF MORTGAGE COMPANY, INC. | $33,365,000 | $22,240,000 | -33.3% | 13.1% |
Merchants Bank of Indiana | $11,680,000 | $15,840,000 | 35.6% | 9.3% |
First Farmers Bank and Trust Company | $14,135,000 | $11,050,000 | -21.8% | 6.5% |
QUICKEN LOANS, LLC | $16,820,000 | $9,015,000 | -46.4% | 5.3% |
Nations Lending Corporation | $16,005,000 | $8,625,000 | -46.1% | 5.1% |
Regions Bank | $11,235,000 | $8,495,000 | -24.4% | 5.0% |
STAR Financial Bank | $9,475,000 | $7,845,000 | -17.2% | 4.6% |
CALIBER HOME LOANS, INC. | $4,485,000 | $7,185,000 | 60.2% | 4.2% |
First Federal Savings Bank | $250,000 | $6,130,000 | 2,352.0% | 3.6% |
Mortgage Research Center, LLC | $4,880,000 | $4,925,000 | 0.9% | 2.9% |
Arbor Realty Trust, Inc. | $3,665,000 | n/a | 2.2% | |
Northwest Bank | $7,645,000 | $3,585,000 | -53.1% | 2.1% |
GUARANTEED RATE, INC. | $490,000 | $2,525,000 | 415.3% | 1.5% |
UNION HOME MORTGAGE CORP. | $4,950,000 | $2,100,000 | -57.6% | 1.2% |
LOANDEPOT.COM, LLC | $1,630,000 | $1,820,000 | 11.7% | 1.1% |
BEACON CREDIT UNION | $3,290,000 | $1,710,000 | -48.0% | 1.0% |
GVC MORTGAGE, INC. | $1,375,000 | $1,700,000 | 23.6% | 1.0% |
Horizon Bank | $2,105,000 | $1,550,000 | -26.4% | 0.9% |
LENDINGONE, LLC | $220,000 | $1,535,000 | 597.7% | 0.9% |
PENNYMAC LOAN SERVICES, LLC | $1,635,000 | $1,520,000 | -7.0% | 0.9% |
Three Rivers Federal Credit Union | $535,000 | $1,280,000 | 139.3% | 0.8% |
INDIANA MEMBERS CREDIT UNION | $1,980,000 | $1,260,000 | -36.4% | 0.7% |
NAVY FEDERAL CREDIT UNION | $1,405,000 | $1,175,000 | -16.4% | 0.7% |
MJW Financial LLC | $1,365,000 | $1,135,000 | -16.8% | 0.7% |
FREEDOM MORTGAGE CORPORATION | $6,895,000 | $1,055,000 | -84.7% | 0.6% |
Flagstar Bank, FSB | $1,295,000 | $1,020,000 | -21.2% | 0.6% |
NEWREZ LLC | $1,010,000 | $990,000 | -2.0% | 0.6% |
HALLMARK HOME MORTGAGE, LLC | $1,155,000 | $960,000 | -16.9% | 0.6% |
JPMorgan Chase Bank | $2,055,000 | $930,000 | -54.7% | 0.5% |
Carrington Mortgage Services, LLC | $650,000 | $890,000 | 36.9% | 0.5% |
Farm Credit Mid-America, ACA | $1,845,000 | $840,000 | -54.5% | 0.5% |
FLAT BRANCH MORTGAGE, INC. | $1,805,000 | $825,000 | -54.3% | 0.5% |
The Federal Savings Bank | $520,000 | $825,000 | 58.7% | 0.5% |
USAA Federal Savings Bank | $2,040,000 | $800,000 | -60.8% | 0.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,210,000 | $790,000 | -34.7% | 0.5% |
PNC Bank | $955,000 | $785,000 | -17.8% | 0.5% |
TRIAD FINANCIAL SERVICES, INC. | $240,000 | $785,000 | 227.1% | 0.5% |
Crossroads Bank | $1,715,000 | $770,000 | -55.1% | 0.5% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $65,000 | $745,000 | 1,046.2% | 0.4% |
AMERIFIRST FINANCIAL CORPORATION | $980,000 | $725,000 | -26.0% | 0.4% |
Barrington Bank & Trust Company, N.A. | $285,000 | $700,000 | 145.6% | 0.4% |
The Fountain Trust Company | $695,000 | n/a | 0.4% | |
SOUTHWEST STAGE FUNDING, LLC | $715,000 | $665,000 | -7.0% | 0.4% |
The Huntington National Bank | $1,595,000 | $665,000 | -58.3% | 0.4% |
ROYAL UNITED MORTGAGE LLC | $1,040,000 | $625,000 | -39.9% | 0.4% |
TEACHERS CREDIT UNION | $540,000 | $610,000 | 13.0% | 0.4% |
MOVEMENT MORTGAGE, LLC | $600,000 | n/a | 0.4% | |
AMERICAN MORTGAGE SERVICE COMPANY | $6,515,000 | $595,000 | -90.9% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $475,000 | $595,000 | 25.3% | 0.3% |
The Farmers & Merchants State Bank | $590,000 | n/a | 0.3% | |
LAKEVIEW LOAN SERVICING, LLC | $1,325,000 | $540,000 | -59.2% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $1,900,000 | $540,000 | -71.6% | 0.3% |
AmeriHome Mortgage Company, LLC | $310,000 | $520,000 | 67.7% | 0.3% |
First Merchants Bank | $725,000 | $495,000 | -31.7% | 0.3% |
HOMESIDE FINANCIAL, LLC | $185,000 | $495,000 | 167.6% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $1,540,000 | $490,000 | -68.2% | 0.3% |
UNITED WHOLESALE MORTGAGE, LLC | $685,000 | $475,000 | -30.7% | 0.3% |
Union Savings Bank | $600,000 | $460,000 | -23.3% | 0.3% |
MEMBER FIRST MORTGAGE, LLC | $2,205,000 | $455,000 | -79.4% | 0.3% |
BROKER SOLUTIONS, INC. | $285,000 | $450,000 | 57.9% | 0.3% |
CROSSCOUNTRY MORTGAGE, LLC | $435,000 | $450,000 | 3.4% | 0.3% |
NEW DAY FINANCIAL, LLC | $895,000 | $450,000 | -49.7% | 0.3% |
Fifth Third Bank | $1,120,000 | $445,000 | -60.3% | 0.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $170,000 | $425,000 | 150.0% | 0.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $405,000 | n/a | 0.2% | |
PENTAGON FEDERAL CREDIT UNION | $300,000 | $385,000 | 28.3% | 0.2% |
Bank of America | $380,000 | n/a | 0.2% | |
First Federal Bank of the Midwest | $335,000 | $380,000 | 13.4% | 0.2% |
Wells Fargo Bank | $1,550,000 | $375,000 | -75.8% | 0.2% |
KeyBank | $75,000 | $340,000 | 353.3% | 0.2% |
Servion, Inc. | $2,180,000 | $335,000 | -84.6% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $245,000 | $325,000 | 32.7% | 0.2% |
GENEVA FINANCIAL, LLC | $320,000 | n/a | 0.2% | |
Paramount Bank | $320,000 | n/a | 0.2% | |
FINANCE OF AMERICA MORTGAGE LLC | $310,000 | $310,000 | 0.0% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $480,000 | $305,000 | -36.5% | 0.2% |
PLANET HOME LENDING, LLC | $305,000 | n/a | 0.2% | |
Citizens State Bank of New Castle | $290,000 | n/a | 0.2% | |
HOME POINT FINANCIAL CORPORATION | $375,000 | $290,000 | -22.7% | 0.2% |
PARTNERS 1ST Federal Credit Union | $815,000 | $290,000 | -64.4% | 0.2% |
First Internet Bank of Indiana | $285,000 | n/a | 0.2% | |
Elements Financial Federal Credit Union | $250,000 | $270,000 | 8.0% | 0.2% |
Community First Bank of Indiana | $520,000 | $260,000 | -50.0% | 0.2% |
FORUM Credit Union | $575,000 | $260,000 | -54.8% | 0.2% |
Northpointe Bank | $260,000 | n/a | 0.2% | |
PLAZA HOME MORTGAGE, INC. | $745,000 | $260,000 | -65.1% | 0.2% |
ALLIANT CREDIT UNION | $255,000 | n/a | 0.1% | |
MORIA DEVELOPMENT, INC. | $340,000 | $255,000 | -25.0% | 0.1% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $255,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $145,000 | $235,000 | 62.1% | 0.1% |
KELLER MORTGAGE, LLC | $105,000 | $230,000 | 119.0% | 0.1% |
ARC HOME LLC | $355,000 | $225,000 | -36.6% | 0.1% |
FINANCIAL CENTER FIRST CREDIT UNION | $225,000 | n/a | 0.1% | |
Loan Simple, Inc. | $220,000 | n/a | 0.1% | |
MILESTONE HOME LENDING, LLC | $185,000 | $220,000 | 18.9% | 0.1% |
The State Bank and Trust Company | $215,000 | n/a | 0.1% | |
Ally Bank | $190,000 | $210,000 | 10.5% | 0.1% |
FINANCIAL BUILDERS Federal Credit Union | $220,000 | $210,000 | -4.5% | 0.1% |
North American Savings Bank, F.S.B. | $205,000 | n/a | 0.1% | |
SECURITYNATIONAL MORTGAGE COMPANY | $210,000 | $205,000 | -2.4% | 0.1% |
UNITED MORTGAGE CORP. | $205,000 | n/a | 0.1% | |
Bank of England | $35,000 | $185,000 | 428.6% | 0.1% |
MYCUMORTGAGE, LLC | $185,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $185,000 | n/a | 0.1% | |
U.S. Bank | $105,000 | $180,000 | 71.4% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $305,000 | $175,000 | -42.6% | 0.1% |
First Guaranty Mortgage Corporation | $690,000 | $170,000 | -75.4% | 0.1% |
Figure Lending LLC | $190,000 | $165,000 | -13.2% | 0.1% |
Madison County Federal Credit Union | $110,000 | $165,000 | 50.0% | 0.1% |
Solidarity Community Federal Credit Union | $165,000 | n/a | 0.1% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $770,000 | $155,000 | -79.9% | 0.1% |
OPEN MORTGAGE, LLC | $310,000 | $155,000 | -50.0% | 0.1% |
ProFed Federal Credit Union | $150,000 | $155,000 | 3.3% | 0.1% |
American Community Bank of Indiana | $145,000 | n/a | 0.1% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $145,000 | n/a | 0.1% | |
Old National Bank | $305,000 | $145,000 | -52.5% | 0.1% |
STOCKTON MORTGAGE CORPORATION | $780,000 | $145,000 | -81.4% | 0.1% |
1ST SIGNATURE LENDING, LLC | $200,000 | $135,000 | -32.5% | 0.1% |
21ST MORTGAGE CORPORATION | $135,000 | n/a | 0.1% | |
LEADERONE FINANCIAL CORPORATION | $955,000 | $135,000 | -85.9% | 0.1% |
MICHIGAN MUTUAL, INC. | $135,000 | n/a | 0.1% | |
SOUTHWEST FUNDING, LP | $125,000 | n/a | 0.1% | |
The Peoples State Bank | $170,000 | $125,000 | -26.5% | 0.1% |
1st Source Bank | $125,000 | $115,000 | -8.0% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $145,000 | $115,000 | -20.7% | 0.1% |
Equity Prime Mortgage LLC | $105,000 | n/a | 0.1% | |
M&T Bank | $115,000 | $105,000 | -8.7% | 0.1% |
OCMBC, INC. | $105,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $135,000 | $95,000 | -29.6% | 0.1% |
Blue Ridge Bank | $95,000 | n/a | 0.1% | |
First Bank of Berne | $95,000 | n/a | 0.1% | |
THRIVE MORTGAGE, LLC | $95,000 | n/a | 0.1% | |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $85,000 | n/a | 0.0% | |
First State Bank of St. Charles, Missouri | $85,000 | n/a | 0.0% | |
CIVIC FINANCIAL SERVICES, LLC | $75,000 | n/a | 0.0% | |
Lake City Bank | $75,000 | n/a | 0.0% | |
LIBERTY HOME MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
PHH Mortgage Corporation | $75,000 | n/a | 0.0% | |
BMO Harris Bank | $305,000 | $60,000 | -80.3% | 0.0% |
Capital Bank | $55,000 | n/a | 0.0% | |
COMPASS MORTGAGE, INC. | $105,000 | $55,000 | -47.6% | 0.0% |
PURDUE FEDERAL CREDIT UNION | $230,000 | $55,000 | -76.1% | 0.0% |
T2 FINANCIAL LLC | $55,000 | n/a | 0.0% | |
ALLEGACY FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
GREENSTATE CREDIT UNION | $45,000 | n/a | 0.0% | |
FORT FINANCIAL Federal Credit Union | $25,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $100,000 | $15,000 | -85.0% | 0.0% |
Marion's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 13.1% market share. In second place, with 9.3%, is Merchants Bank of Indiana, having originated $15,840,000 in loans. In third place, with 6.5%, is First Farmers Bank and Trust Company, having originated $11,050,000 in loans. In fourth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $9,015,000 in loans. In fifth place, with 5.1%, is Nations Lending Corporation, having originated $8,625,000 in loans.
Marion Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Marion (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 | $69,900 (-12.1%) | $98,661 (1.1%) | 0.00 | 227 |
2018-02-01 | $69,900 (-11.4%) | $99,080 (-1.2%) | 0.00 | 230 |
2018-03-01 | $69,900 (-7.6%) | $98,113 (-2.6%) | 0.00 | 230 |
2018-04-01 | $69,900 (-6.7%) | $97,560 (-3.6%) | 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%) | $101,558 (-1.4%) | 0.00 | 245 |
2018-08-01 | $73,400 (-5.9%) | $99,961 (-6.7%) | 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 | $72,750 (4.1%) | $102,097 (0.4%) | 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 (-1.7%) | 0.00 | 246 |
2019-02-01 | $69,900 (0.0%) | $97,787 (-1.3%) | 0.00 | 239 |
2019-03-01 | $64,900 (-0.8%) | $92,707 (-5.5%) | 0.00 | 180 |
2019-04-01 | $69,400 (-0.6%) | $101,529 (4.1%) | 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 (11.8%) | 0.00 | 188 |
2019-08-01 | $68,700 (5.3%) | $115,268 (15.3%) | 0.00 | 201 |
2019-09-01 | $81,700 (18.0%) | $121,597 (19.8%) | 0.00 | 201 |
2019-10-01 | $94,750 (24.8%) | $125,817 (22.2%) | 0.00 | 202 |
2019-11-01 | $91,100 (25.2%) | $125,153 (22.6%) | 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 (20.1%) | 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 (-7.4%) | 0.00 | 140 |
2020-09-01 | $70,950 (-19.7%) | $103,878 (-14.6%) | 0.00 | 136 |
2020-10-01 | $75,300 (-19.5%) | $108,619 (-13.7%) | 0.00 | 144 |
2020-11-01 | $76,175 (-16.4%) | $109,503 (-12.5%) | 0.00 | 145 |
2020-12-01 | $74,900 (-17.5%) | $110,631 (-11.8%) | 0.00 | 130 |
2021-01-01 | $77,950 (-6.4%) | $110,068 (-7.0%) | 0.00 | 112 |
2021-02-01 | $76,950 (-3.7%) | $110,206 (-4.9%) | 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 (2.3%) | $119,123 (8.8%) | 0.00 | 84 |
2021-12-01 | $87,500 (16.8%) | $125,363 (13.3%) | 0.00 | 78 |
2022-01-01 | $82,854 (6.3%) | $110,531 (0.4%) | 0.00 | 66 |
2022-02-01 | $81,825 (6.3%) | $112,824 (2.4%) | 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 (2.3%) | 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 (0.0%) | $141,349 (25.9%) | 0.00 | 58 |
Marion's median listing price comes in at 0% of the national average.
Marion's average listing price for 2023-04-01 was $141,349, a difference of $29,035 (25.9%) versus the prior year and $29,444 versus the prior month.
For the 2023-04-01 period, Marion had 58 MLS listings, a difference of -17 listings (-23%) versus the prior month and 3 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,561 sqft |
2018-02-01 | 0 days | 1,550 sqft |
2018-03-01 | 0 days | 1,486 sqft |
2018-04-01 | 0 days | 1,417 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 | 1,427 sqft |
2018-09-01 | 0 days | 1,442 sqft |
2018-10-01 | 0 days | 1,471 sqft |
2018-11-01 | 0 days | 1,465 sqft |
2018-12-01 | 0 days | 1,458 sqft |
2019-01-01 | 0 days | 1,476 sqft |
2019-02-01 | 0 days | 1,489 sqft |
2019-03-01 | 0 days | 1,490 sqft |
2019-04-01 | 0 days | 1,573 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 | 1,450 sqft |
2019-09-01 | 0 days | 1,437 sqft |
2019-10-01 | 0 days | 1,540 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 | 1,423 sqft |
2020-10-01 | 0 days | 1,456 sqft |
2020-11-01 | 0 days | 1,448 sqft |
2020-12-01 | 0 days | 1,488 sqft |
2021-01-01 | 0 days | 1,490 sqft |
2021-02-01 | 0 days | 1,453 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 | 1,431 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 |
Marion's median square footage for active listings during the 2023-04-01 period was 1,500 sqft. One year prior, the average listing was 1,498 sqft.
Marion, IN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 645 | $106,695,000 | $165,419 |
Cash Out Refi | 252 | $31,090,000 | $123,373 |
Home Improvement | 133 | $8,445,000 | $63,496 |
Refi | 124 | $19,670,000 | $158,629 |
Other | 80 | $4,400,000 | $55,000 |
Marion's most frequently cited loan purpose was Home Purchase, with 645 originations. The 2nd most popular reason was Cash Out Refi, with 252 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 302 | $44,440,000 | $147,152 |
3-4% | 256 | $32,270,000 | $126,055 |
4-5% | 230 | $40,550,000 | $176,304 |
6-7% | 198 | $29,980,000 | $151,414 |
<2.5% | 92 | $6,460,000 | $70,217 |
7-8% | 90 | $8,290,000 | $92,111 |
2.5-3% | 36 | $5,180,000 | $143,889 |
Over 8% | 18 | $850,000 | $47,222 |
During 2022, Marion's most frequently originated rate bucket was 5-6%, with 302 originations.
Loan Sizing (Marion, IN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 626 | $36,100,000 | $57,668 |
$100k-200k | 452 | $63,300,000 | $140,044 |
$200k-400k | 136 | $35,370,000 | $260,074 |
$400k-600k | 10 | $4,620,000 | $462,000 |
$Over $1MM | 7 | $28,465,000 | $4,066,429 |
$600k-1000k | 3 | $2,445,000 | $815,000 |
Marion's loan sizing saw the bucket of loans from $100,000 or less with 626 originations, totaling $36,100,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 543 | $79,905,000 | $147,155 |
60-80% | 288 | $52,950,000 | $183,854 |
20-40% | 120 | $6,810,000 | $56,750 |
Under 20% | 112 | $3,190,000 | $28,482 |
40-60% | 104 | $10,100,000 | $97,115 |
Over 100% | 13 | $13,635,000 | $1,048,846 |
Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 543 originations, totaling $79,905,000 in origination value.