Marion Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marion averaged
5.98%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
5.64% and
one month ago for the week of 2024-08-29, the
average rate was 5.91%.
Marion's average rate one year ago was 7.17%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.02%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Marion 30 Year Fixed Rate | 2024-10-03 | 5.98% |
Marion 30 Year Fixed Rate Refi | 2024-10-03 | 6.02% |
Marion 15 Year Fixed Rate | 2024-10-03 | 5.25% |
Marion 15 Year Fixed Rate Refi | 2024-10-03 | 5.25% |
Marion 30 Year FHA | 2024-10-03 | 5.89% |
Marion 30 Year FHA Refi | 2024-10-03 | 6.09% |
Marion 30 Year USDA | 2024-10-03 | 5.77% |
Marion 30 Year USDA Refi | 2024-10-03 | 6.17% |
Marion 30 Year VA | 2024-10-03 | 5.5% |
Marion 30 Year VA Refi | 2024-10-03 | 5.6% |
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, NC 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, NC's 76 lenders originated 739
loans during 2023. The total origination value was $159,675,000, with an average loan value of
$216,069.
Marion's average closing costs are $4,732.
The top Marion lender as defined by loan originations is STATE EMPLOYEES', with
76 loans originated. Their average total fees are
$3,806, which is $2,449
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Marion lenders (with over 10 loans originated) are
STATE EMPLOYEES' ($3,806), MOVEMENT MORTGAGE, LLC ($6,255), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($7,788), QUICKEN LOANS, LLC ($8,911) and .
The lowest rate Marion lenders (with over 10 loans originated) are
STATE EMPLOYEES' (5.83%), MOVEMENT MORTGAGE, LLC (6.84%), QUICKEN LOANS, LLC (6.86%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.93%) and .
Marion, NC 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 |
---|---|---|---|---|
STATE EMPLOYEES' | $47,105,000 | $30,250,000 | -35.8% | 18.9% |
MOVEMENT MORTGAGE, LLC | $11,705,000 | $11,640,000 | -0.6% | 7.3% |
ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $12,330,000 | $9,000,000 | -27.0% | 5.6% |
First-Citizens Bank & Trust Company | $6,750,000 | $8,185,000 | 21.3% | 5.1% |
QUICKEN LOANS, LLC | $15,850,000 | $6,085,000 | -61.6% | 3.8% |
UNITED WHOLESALE MORTGAGE, LLC | $4,605,000 | $4,710,000 | 2.3% | 2.9% |
HomeTrust Bank | $6,835,000 | $4,245,000 | -37.9% | 2.7% |
CARDINAL FINANCIAL | $5,215,000 | $4,010,000 | -23.1% | 2.5% |
United Community Bank | $2,990,000 | $3,910,000 | 30.8% | 2.4% |
Wells Fargo Bank | $5,550,000 | $3,750,000 | -32.4% | 2.3% |
Truist | $6,770,000 | $3,435,000 | -49.3% | 2.2% |
Mortgage Research Center, LLC | $4,745,000 | $3,260,000 | -31.3% | 2.0% |
First Bank | $8,590,000 | $3,200,000 | -62.7% | 2.0% |
LOCAL GOVERNMENT FEDERAL CREDIT UNION | $6,125,000 | $2,455,000 | -59.9% | 1.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $2,125,000 | $2,390,000 | 12.5% | 1.5% |
South State Bank | $2,390,000 | $1,635,000 | -31.6% | 1.0% |
CROSSCOUNTRY MORTGAGE, LLC | $1,560,000 | $1,540,000 | -1.3% | 1.0% |
AgFirst Farm Credit Bank | $1,370,000 | $1,525,000 | 11.3% | 1.0% |
JPMorgan Chase Bank | $560,000 | $1,505,000 | 168.8% | 0.9% |
Bank of America | $2,570,000 | $1,465,000 | -43.0% | 0.9% |
FREEDOM MORTGAGE CORPORATION | $3,150,000 | $1,440,000 | -54.3% | 0.9% |
NexBank | $485,000 | $1,255,000 | 158.8% | 0.8% |
GUARANTEED RATE, INC. | $4,195,000 | $1,225,000 | -70.8% | 0.8% |
City National Bank | $1,165,000 | n/a | 0.7% | |
UNITED | $4,645,000 | $1,130,000 | -75.7% | 0.7% |
NAVY FEDERAL CREDIT UNION | $1,300,000 | $1,060,000 | -18.5% | 0.7% |
TD Bank | $8,205,000 | $1,030,000 | -87.4% | 0.6% |
INTERCOASTAL MORTGAGE COMPANY | $95,000 | $1,020,000 | 973.7% | 0.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $430,000 | $1,015,000 | 136.0% | 0.6% |
1ST SIGNATURE LENDING, LLC | $155,000 | $1,010,000 | 551.6% | 0.6% |
Fifth Third Bank | $3,925,000 | $1,010,000 | -74.3% | 0.6% |
HOWARD HANNA FINANCIAL SERVICES, INC. | $995,000 | n/a | 0.6% | |
PENTAGON FEDERAL CREDIT UNION | $985,000 | n/a | 0.6% | |
HOMESIDE FINANCIAL, LLC | $1,660,000 | $975,000 | -41.3% | 0.6% |
FIRST COMMUNITY MORTGAGE, INC. | $960,000 | n/a | 0.6% | |
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,665,000 | $945,000 | -43.2% | 0.6% |
Truliant Federal Credit Union | $610,000 | $850,000 | 39.3% | 0.5% |
Alcova Mortgage LLC | $520,000 | $740,000 | 42.3% | 0.5% |
LOANDEPOT.COM, LLC | $3,245,000 | $740,000 | -77.2% | 0.5% |
Taylorsville Savings Bank SSB | $700,000 | $705,000 | 0.7% | 0.4% |
U.S. Bank | $3,985,000 | $685,000 | -82.8% | 0.4% |
AMERITRUST MORTGAGE CORPORATION | $665,000 | n/a | 0.4% | |
Union Savings Bank | $665,000 | n/a | 0.4% | |
CHARLOTTE METRO FEDERAL CREDIT UNION | $525,000 | $655,000 | 24.8% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $155,000 | $640,000 | 312.9% | 0.4% |
NBKC BANK | $630,000 | n/a | 0.4% | |
The Fidelity Bank | $255,000 | $625,000 | 145.1% | 0.4% |
USAA Federal Savings Bank | $790,000 | $620,000 | -21.5% | 0.4% |
UNION HOME MORTGAGE CORP. | $645,000 | $615,000 | -4.7% | 0.4% |
21ST MORTGAGE CORPORATION | $350,000 | $600,000 | 71.4% | 0.4% |
The Huntington National Bank | $195,000 | $600,000 | 207.7% | 0.4% |
PNC Bank | $2,315,000 | $595,000 | -74.3% | 0.4% |
RADIUS FINANCIAL GROUP INC. | $570,000 | n/a | 0.4% | |
ArborOne, ACA | $565,000 | n/a | 0.4% | |
EVERETT FINANCIAL, INC. | $425,000 | $540,000 | 27.1% | 0.3% |
T2 FINANCIAL LLC | $745,000 | $535,000 | -28.2% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $2,050,000 | $530,000 | -74.1% | 0.3% |
FOUNDERS FEDERAL CREDIT UNION | $525,000 | n/a | 0.3% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,350,000 | $515,000 | -61.9% | 0.3% |
Regions Bank | $500,000 | n/a | 0.3% | |
ACOPIA, LLC | $1,160,000 | $495,000 | -57.3% | 0.3% |
Telco Community Credit Union | $490,000 | n/a | 0.3% | |
TOWNE MORTGAGE COMPANY | $485,000 | n/a | 0.3% | |
First National Bank of Pennsylvania | $895,000 | $475,000 | -46.9% | 0.3% |
Baxter Credit Union | $1,255,000 | $460,000 | -63.3% | 0.3% |
BAY EQUITY LLC | $560,000 | $440,000 | -21.4% | 0.3% |
SELF-HELP Credit Union | $510,000 | $440,000 | -13.7% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $1,175,000 | $430,000 | -63.4% | 0.3% |
FBC MORTGAGE, LLC | $1,140,000 | $425,000 | -62.7% | 0.3% |
Plains Commerce Bank | $425,000 | n/a | 0.3% | |
Champion Credit Union | $1,920,000 | $400,000 | -79.2% | 0.3% |
BNC National Bank | $395,000 | n/a | 0.2% | |
FINANCE OF AMERICA REVERSE LLC | $390,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $155,000 | $390,000 | 151.6% | 0.2% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $385,000 | n/a | 0.2% | |
GoPrime Mortgage, Inc. | $945,000 | $380,000 | -59.8% | 0.2% |
Corporate Investors Mortgage Group, Inc. | $365,000 | n/a | 0.2% | |
Waterstone Mortgage Corporation | $365,000 | n/a | 0.2% | |
Nations Lending Corporation | $615,000 | $340,000 | -44.7% | 0.2% |
PLANET HOME LENDING, LLC | $205,000 | $335,000 | 63.4% | 0.2% |
DIRECT MORTGAGE LOANS, LLC | $305,000 | n/a | 0.2% | |
SeaTrust Mortgage Company | $275,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $265,000 | n/a | 0.2% | |
Bangor Savings Bank | $255,000 | n/a | 0.2% | |
Uwharrie Bank | $255,000 | n/a | 0.2% | |
North State Bank | $115,000 | $235,000 | 104.3% | 0.1% |
Trustmark National Bank | $235,000 | n/a | 0.1% | |
AmeriHome Mortgage Company, LLC | $340,000 | $225,000 | -33.8% | 0.1% |
Bethpage Federal Credit Union | $225,000 | n/a | 0.1% | |
Magnolia Bank | $245,000 | $225,000 | -8.2% | 0.1% |
Morgan Stanley Private Bank | $1,705,000 | $225,000 | -86.8% | 0.1% |
PHH Mortgage Corporation | $105,000 | $225,000 | 114.3% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $665,000 | $215,000 | -67.7% | 0.1% |
Ameris Bank | $185,000 | $205,000 | 10.8% | 0.1% |
Charles Schwab Bank, SSB | $905,000 | $205,000 | -77.3% | 0.1% |
Third Federal Savings and Loan Association of Cleveland | $205,000 | n/a | 0.1% | |
CALCON MUTUAL MORTGAGE LLC | $615,000 | $185,000 | -69.9% | 0.1% |
PENNYMAC LOAN SERVICES, LLC | $1,675,000 | $185,000 | -89.0% | 0.1% |
BROKER SOLUTIONS, INC. | $990,000 | $175,000 | -82.3% | 0.1% |
EASTMAN | $295,000 | $175,000 | -40.7% | 0.1% |
AMERICAN FINANCIAL NETWORK, INC. | $165,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $430,000 | $165,000 | -61.6% | 0.1% |
NEWREZ LLC | $490,000 | $165,000 | -66.3% | 0.1% |
Discover Bank | $105,000 | $160,000 | 52.4% | 0.1% |
AMERICAN HERITAGE LENDING, INC. | $155,000 | n/a | 0.1% | |
LIMA ONE CAPITAL, LLC | $155,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $175,000 | $155,000 | -11.4% | 0.1% |
Carrington Mortgage Services, LLC | $670,000 | $145,000 | -78.4% | 0.1% |
GUILD MORTGAGE COMPANY | $335,000 | $145,000 | -56.7% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $235,000 | $145,000 | -38.3% | 0.1% |
CAPITAL CENTER, L.L.C. | $175,000 | $135,000 | -22.9% | 0.1% |
Mortgage Assurance Inc. | $135,000 | n/a | 0.1% | |
LENDINGHOME FUNDING CORPORATION | $105,000 | $105,000 | 0.0% | 0.1% |
Queensborough National Bank & Trust Company | $105,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $275,000 | $95,000 | -65.5% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $530,000 | $95,000 | -82.1% | 0.1% |
ATLANTA POSTAL | $85,000 | n/a | 0.1% | |
COASTAL Federal Credit Union | $180,000 | $85,000 | -52.8% | 0.1% |
TOP FLITE FINANCIAL, INC. | $185,000 | $85,000 | -54.1% | 0.1% |
Skyline National Bank | $75,000 | n/a | 0.0% | |
SOUTHWEST STAGE FUNDING, LLC | $225,000 | $75,000 | -66.7% | 0.0% |
Citizens Bank | $135,000 | $65,000 | -51.9% | 0.0% |
FIRST FLIGHT FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
Lakeview Community Capital, LLC | $65,000 | n/a | 0.0% | |
Connexus Credit Union | $45,000 | n/a | 0.0% | |
RUOFF MORTGAGE COMPANY, INC. | $125,000 | $45,000 | -64.0% | 0.0% |
Bank of Tennessee | $55,000 | $35,000 | -36.4% | 0.0% |
Marion's top lender by overall market share is STATE EMPLOYEES', with 18.9% market share. In second place, with 7.3%, is MOVEMENT MORTGAGE, LLC, having originated $11,640,000 in loans. In third place, with 5.6%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $9,000,000 in loans. In fourth place, with 5.1%, is First-Citizens Bank & Trust Company, having originated $8,185,000 in loans. In fifth place, with 3.8%, is QUICKEN LOANS, LLC, having originated $6,085,000 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 | $259,000 (12.0%) | $331,777 (10.1%) | 0.00 | 196 |
2018-02-01 | $259,000 (12.7%) | $328,382 (12.4%) | 0.00 | 194 |
2018-03-01 | $250,000 (5.5%) | $331,818 (6.9%) | 0.00 | 184 |
2018-04-01 | $249,150 (-3.8%) | $344,373 (7.4%) | 0.00 | 176 |
2018-05-01 | $249,000 (-5.6%) | $350,455 (6.3%) | 0.00 | 187 |
2018-06-01 | $269,000 (-0.7%) | $378,315 (11.0%) | 0.00 | 196 |
2018-07-01 | $272,750 (-2.2%) | $384,531 (12.2%) | 0.00 | 212 |
2018-08-01 | $289,500 (3.8%) | $395,421 (16.1%) | 0.00 | 198 |
2018-09-01 | $294,500 (5.6%) | $389,059 (10.3%) | 0.00 | 210 |
2018-10-01 | $286,375 (2.6%) | $389,102 (11.0%) | 0.00 | 215 |
2018-11-01 | $269,950 (-1.8%) | $367,480 (5.0%) | 0.00 | 206 |
2018-12-01 | $256,950 (-6.6%) | $351,536 (1.3%) | 0.00 | 203 |
2019-01-01 | $250,000 (-3.5%) | $338,981 (2.2%) | 0.00 | 188 |
2019-02-01 | $269,450 (4.0%) | $349,321 (6.4%) | 0.00 | 178 |
2019-03-01 | $274,714 (9.9%) | $355,611 (7.2%) | 0.00 | 189 |
2019-04-01 | $294,250 (18.1%) | $375,317 (9.0%) | 0.00 | 181 |
2019-05-01 | $313,250 (25.8%) | $405,039 (15.6%) | 0.00 | 186 |
2019-06-01 | $299,400 (11.3%) | $408,119 (7.9%) | 0.00 | 217 |
2019-07-01 | $294,100 (7.8%) | $400,796 (4.2%) | 0.00 | 210 |
2019-08-01 | $302,959 (4.7%) | $398,698 (0.8%) | 0.00 | 207 |
2019-09-01 | $308,298 (4.7%) | $394,049 (1.3%) | 0.00 | 207 |
2019-10-01 | $311,857 (8.9%) | $391,977 (0.7%) | 0.00 | 207 |
2019-11-01 | $324,900 (20.4%) | $392,232 (6.7%) | 0.00 | 197 |
2019-12-01 | $294,750 (14.7%) | $379,798 (8.0%) | 0.00 | 178 |
2020-01-01 | $304,825 (21.9%) | $386,655 (14.1%) | 0.00 | 164 |
2020-02-01 | $325,000 (20.6%) | $405,247 (16.0%) | 0.00 | 162 |
2020-03-01 | $329,900 (20.1%) | $408,056 (14.8%) | 0.00 | 163 |
2020-04-01 | $334,900 (13.8%) | $413,255 (10.1%) | 0.00 | 156 |
2020-05-01 | $359,250 (14.7%) | $433,694 (7.1%) | 0.00 | 134 |
2020-06-01 | $372,000 (24.3%) | $450,788 (10.5%) | 0.00 | 119 |
2020-07-01 | $383,500 (30.4%) | $467,271 (16.6%) | 0.00 | 103 |
2020-08-01 | $359,500 (18.7%) | $450,273 (12.9%) | 0.00 | 97 |
2020-09-01 | $357,000 (15.8%) | $448,431 (13.8%) | 0.00 | 98 |
2020-10-01 | $340,000 (9.0%) | $431,100 (10.0%) | 0.00 | 93 |
2020-11-01 | $342,200 (5.3%) | $404,340 (3.1%) | 0.00 | 85 |
2020-12-01 | $299,000 (1.4%) | $384,417 (1.2%) | 0.00 | 85 |
2021-01-01 | $299,000 (-1.9%) | $379,658 (-1.8%) | 0.00 | 68 |
2021-02-01 | $278,500 (-14.3%) | $394,075 (-2.8%) | 0.00 | 57 |
2021-03-01 | $301,225 (-8.7%) | $388,675 (-4.8%) | 0.00 | 52 |
2021-04-01 | $287,400 (-14.2%) | $391,830 (-5.2%) | 0.00 | 53 |
2021-05-01 | $325,000 (-9.5%) | $407,969 (-5.9%) | 0.00 | 55 |
2021-06-01 | $397,250 (6.8%) | $447,250 (-0.8%) | 0.00 | 64 |
2021-07-01 | $415,000 (8.2%) | $466,777 (-0.1%) | 0.00 | 74 |
2021-08-01 | $375,500 (4.5%) | $431,255 (-4.2%) | 0.00 | 84 |
2021-09-01 | $384,250 (7.6%) | $453,726 (1.2%) | 0.00 | 80 |
2021-10-01 | $389,000 (14.4%) | $490,980 (13.9%) | 0.00 | 83 |
2021-11-01 | $414,000 (21.0%) | $3,247,435 (703.2%) | 0.00 | 80 |
2021-12-01 | $389,000 (30.1%) | $3,411,322 (787.4%) | 0.00 | 71 |
2022-01-01 | $400,000 (33.8%) | $471,730 (24.3%) | 0.00 | 56 |
2022-02-01 | $341,925 (22.8%) | $472,235 (19.8%) | 0.00 | 42 |
2022-03-01 | $334,725 (11.1%) | $426,652 (9.8%) | 0.00 | 45 |
2022-04-01 | $365,000 (27.0%) | $480,702 (22.7%) | 0.00 | 43 |
2022-05-01 | $362,500 (11.5%) | $496,381 (21.7%) | 0.00 | 49 |
2022-06-01 | $380,000 (-4.3%) | $506,753 (13.3%) | 0.00 | 64 |
2022-07-01 | $375,000 (-9.6%) | $482,028 (3.3%) | 0.00 | 80 |
2022-08-01 | $354,500 (-5.6%) | $457,792 (6.2%) | 0.00 | 86 |
2022-09-01 | $385,500 (0.3%) | $499,305 (10.1%) | 0.00 | 77 |
2022-10-01 | $397,000 (2.1%) | $519,100 (5.7%) | 0.00 | 79 |
2022-11-01 | $440,000 (6.3%) | $554,716 (-82.9%) | 0.00 | 81 |
2022-12-01 | $415,000 (6.7%) | $537,088 (-84.3%) | 0.00 | 82 |
2023-01-01 | $394,475 (-1.4%) | $540,474 (14.6%) | 0.00 | 75 |
2023-02-01 | $413,225 (20.9%) | $575,609 (21.9%) | 0.00 | 59 |
2023-03-01 | $395,000 (18.0%) | $610,847 (43.2%) | 0.00 | 58 |
2023-04-01 | $462,450 (26.7%) | $663,896 (38.1%) | 0.00 | 59 |
2023-05-01 | $479,625 (32.3%) | $680,944 (37.2%) | 0.00 | 66 |
2023-06-01 | $489,000 (28.7%) | $730,118 (44.1%) | 0.00 | 69 |
2023-07-01 | $459,000 (22.4%) | $639,190 (32.6%) | 0.00 | 78 |
2023-08-01 | $449,725 (26.9%) | $620,430 (35.5%) | 0.00 | 92 |
2023-09-01 | $450,000 (16.7%) | $650,381 (30.3%) | 0.00 | 103 |
2023-10-01 | $441,075 (11.1%) | $591,360 (13.9%) | 0.00 | 116 |
2023-11-01 | $447,225 (1.6%) | $587,131 (5.8%) | 0.00 | 112 |
2023-12-01 | $459,000 (10.6%) | $597,841 (11.3%) | 0.00 | 101 |
2024-01-01 | $467,000 (18.4%) | $579,409 (7.2%) | 0.00 | 89 |
2024-02-01 | $443,000 (7.2%) | $567,223 (-1.5%) | 0.00 | 84 |
2024-03-01 | $459,900 (16.4%) | $559,427 (-8.4%) | 0.00 | 96 |
2024-04-01 | $433,125 (-6.3%) | $543,416 (-18.2%) | 0.00 | 96 |
2024-05-01 | $432,450 (-9.8%) | $554,795 (-18.5%) | 0.00 | 104 |
2024-06-01 | $449,900 (-8.0%) | $604,483 (-17.2%) | 0.00 | 108 |
2024-07-01 | $447,450 (-2.5%) | $599,338 (-6.2%) | 0.00 | 114 |
2024-08-01 | $439,000 (-2.4%) | $608,598 (-1.9%) | 0.00 | 130 |
2024-09-01 | $437,250 (-2.8%) | $610,038 (-6.2%) | 0.00 | 144 |
Marion's median listing price comes in at 0% of the national average.
Marion's average listing price for 2024-09-01 was $610,038, a difference of $-40,343 (-6.2%) versus the prior year and $1,440 versus the prior month.
For the 2024-09-01 period, Marion had 144 MLS listings, a difference of 14 listings (11%) versus the prior month and 41 listings (40%) 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 | 1,998 sqft |
2018-02-01 | 0 days | 1,947 sqft |
2018-03-01 | 0 days | 1,989 sqft |
2018-04-01 | 0 days | 1,925 sqft |
2018-05-01 | 0 days | 1,906 sqft |
2018-06-01 | 0 days | 1,906 sqft |
2018-07-01 | 0 days | 1,932 sqft |
2018-08-01 | 0 days | 2,059 sqft |
2018-09-01 | 0 days | 2,049 sqft |
2018-10-01 | 0 days | 2,029 sqft |
2018-11-01 | 0 days | 1,936 sqft |
2018-12-01 | 0 days | 1,907 sqft |
2019-01-01 | 0 days | 1,901 sqft |
2019-02-01 | 0 days | 1,919 sqft |
2019-03-01 | 0 days | 1,947 sqft |
2019-04-01 | 0 days | 2,012 sqft |
2019-05-01 | 0 days | 2,003 sqft |
2019-06-01 | 0 days | 2,000 sqft |
2019-07-01 | 0 days | 1,999 sqft |
2019-08-01 | 0 days | 2,015 sqft |
2019-09-01 | 0 days | 2,021 sqft |
2019-10-01 | 0 days | 2,024 sqft |
2019-11-01 | 0 days | 2,000 sqft |
2019-12-01 | 0 days | 1,989 sqft |
2020-01-01 | 0 days | 1,984 sqft |
2020-02-01 | 0 days | 2,000 sqft |
2020-03-01 | 0 days | 2,052 sqft |
2020-04-01 | 0 days | 2,088 sqft |
2020-05-01 | 0 days | 2,203 sqft |
2020-06-01 | 0 days | 2,258 sqft |
2020-07-01 | 0 days | 2,362 sqft |
2020-08-01 | 0 days | 2,242 sqft |
2020-09-01 | 0 days | 2,217 sqft |
2020-10-01 | 0 days | 2,209 sqft |
2020-11-01 | 0 days | 2,108 sqft |
2020-12-01 | 0 days | 2,083 sqft |
2021-01-01 | 0 days | 2,100 sqft |
2021-02-01 | 0 days | 2,012 sqft |
2021-03-01 | 0 days | 1,906 sqft |
2021-04-01 | 0 days | 1,630 sqft |
2021-05-01 | 0 days | 1,674 sqft |
2021-06-01 | 0 days | 1,885 sqft |
2021-07-01 | 0 days | 1,823 sqft |
2021-08-01 | 0 days | 1,791 sqft |
2021-09-01 | 0 days | 1,843 sqft |
2021-10-01 | 0 days | 1,872 sqft |
2021-11-01 | 0 days | 1,977 sqft |
2021-12-01 | 0 days | 1,839 sqft |
2022-01-01 | 0 days | 1,696 sqft |
2022-02-01 | 0 days | 1,643 sqft |
2022-03-01 | 0 days | 1,575 sqft |
2022-04-01 | 0 days | 1,650 sqft |
2022-05-01 | 0 days | 1,762 sqft |
2022-06-01 | 0 days | 1,810 sqft |
2022-07-01 | 0 days | 1,772 sqft |
2022-08-01 | 0 days | 1,730 sqft |
2022-09-01 | 0 days | 1,836 sqft |
2022-10-01 | 0 days | 1,824 sqft |
2022-11-01 | 0 days | 1,907 sqft |
2022-12-01 | 0 days | 1,738 sqft |
2023-01-01 | 0 days | 1,644 sqft |
2023-02-01 | 0 days | 1,812 sqft |
2023-03-01 | 0 days | 1,758 sqft |
2023-04-01 | 0 days | 2,252 sqft |
2023-05-01 | 0 days | 2,252 sqft |
2023-06-01 | 0 days | 2,077 sqft |
2023-07-01 | 0 days | 1,967 sqft |
2023-08-01 | 0 days | 1,904 sqft |
2023-09-01 | 0 days | 1,978 sqft |
2023-10-01 | 0 days | 1,799 sqft |
2023-11-01 | 0 days | 1,833 sqft |
2023-12-01 | 0 days | 1,798 sqft |
2024-01-01 | 0 days | 1,797 sqft |
2024-02-01 | 0 days | 1,749 sqft |
2024-03-01 | 0 days | 1,917 sqft |
2024-04-01 | 0 days | 1,844 sqft |
2024-05-01 | 0 days | 1,908 sqft |
2024-06-01 | 0 days | 1,912 sqft |
2024-07-01 | 0 days | 1,816 sqft |
2024-08-01 | 0 days | 1,833 sqft |
2024-09-01 | 0 days | 1,799 sqft |
Marion's median square footage for active listings during the 2024-09-01 period was 1,799 sqft. One year prior, the average listing was 1,978 sqft.
Marion, NC Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 415 | $111,745,000 | $269,265 |
Home Improvement | 98 | $8,710,000 | $88,878 |
Other | 89 | $12,715,000 | $142,865 |
Refi | 79 | $14,335,000 | $181,456 |
Cash Out Refi | 58 | $12,170,000 | $209,828 |
Marion's most frequently cited loan purpose was Home Purchase, with 415 originations. The 2nd most popular reason was Home Improvement, with 98 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 237 | $58,435,000 | $246,561 |
7-8% | 183 | $42,335,000 | $231,339 |
5-6% | 131 | $34,755,000 | $265,305 |
4-5% | 86 | $9,570,000 | $111,279 |
Over 8% | 77 | $13,115,000 | $170,325 |
<2.5% | 20 | $620,000 | $31,000 |
During 2023, Marion's most frequently originated rate bucket was 6-7%, with 237 originations.
Loan Sizing (Marion, NC MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 251 | $69,955,000 | $278,705 |
$100k-200k | 210 | $30,900,000 | $147,143 |
$100,000 or less | 200 | $11,150,000 | $55,750 |
$400k-600k | 48 | $23,010,000 | $479,375 |
$600k-1000k | 24 | $17,590,000 | $732,917 |
$Over $1MM | 6 | $7,070,000 | $1,178,333 |
Marion's loan sizing saw the bucket of loans from $200k-400k with 251 originations, totaling $69,955,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 290 | $79,100,000 | $272,759 |
60-80% | 129 | $42,555,000 | $329,884 |
Under 20% | 115 | $6,365,000 | $55,348 |
20-40% | 106 | $12,790,000 | $120,660 |
40-60% | 82 | $15,620,000 | $190,488 |
Over 100% | 12 | $2,400,000 | $200,000 |
Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 290 originations, totaling $79,100,000 in origination value.