Marion Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marion averaged
6.68%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.32% and
one month ago for the week of 2023-08-10, the
average rate was 6.16%.
Marion's average rate one year ago was 5.49%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Marion 30 Year Fixed Rate | 2023-09-14 | 6.68% |
| Marion 30 Year Fixed Rate Refi | 2023-09-14 | 6.17% |
| Marion 15 Year Fixed Rate | 2023-09-14 | 6.61% |
| Marion 15 Year Fixed Rate Refi | 2023-09-14 | 7.11% |
| Marion 30 Year FHA | 2023-09-14 | 7.19% |
| Marion 30 Year FHA Refi | 2023-09-14 | 7.09% |
| Marion 30 Year USDA | 2023-09-14 | 6.78% |
| Marion 30 Year USDA Refi | 2023-09-14 | 6.98% |
| Marion 30 Year VA | 2023-09-14 | 6.61% |
| Marion 30 Year VA Refi | 2023-09-14 | 6.71% |
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 97 lenders originated 1,110
loans during 2022. The total origination value was $256,540,000, with an average loan value of
$231,117.
Marion's average closing costs are $4,491.
The top Marion lender as defined by loan originations is STATE EMPLOYEES', with
150 loans originated. Their average total fees are
$3,765, which is $4,284
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Marion lenders (with over 10 loans originated) are
Wells Fargo Bank ($3,711), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,751), STATE EMPLOYEES' ($3,765), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($4,636) and GUARANTEED RATE, INC. ($4,776).
The lowest rate Marion lenders (with over 10 loans originated) are
STATE EMPLOYEES' (3.89%), LOCAL GOVERNMENT FEDERAL CREDIT UNION (3.96%), QUICKEN LOANS, LLC (4.77%), MOVEMENT MORTGAGE, LLC (5.00%) and Wells Fargo Bank (5.03%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $47,460,000 | $47,105,000 | -0.7% | 18.4% |
| QUICKEN LOANS, LLC | $31,705,000 | $15,850,000 | -50.0% | 6.2% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $19,245,000 | $12,330,000 | -35.9% | 4.8% |
| MOVEMENT MORTGAGE, LLC | $14,540,000 | $11,705,000 | -19.5% | 4.6% |
| First Bank | $9,960,000 | $8,590,000 | -13.8% | 3.3% |
| TD Bank | $5,835,000 | $8,205,000 | 40.6% | 3.2% |
| HomeTrust Bank | $7,945,000 | $6,835,000 | -14.0% | 2.7% |
| Truist | $9,505,000 | $6,770,000 | -28.8% | 2.6% |
| First-Citizens Bank & Trust Company | $7,995,000 | $6,750,000 | -15.6% | 2.6% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $5,455,000 | $6,125,000 | 12.3% | 2.4% |
| Wells Fargo Bank | $7,400,000 | $5,550,000 | -25.0% | 2.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $10,405,000 | $5,215,000 | -49.9% | 2.0% |
| Mortgage Research Center, LLC | $4,850,000 | $4,745,000 | -2.2% | 1.8% |
| UNITED | $945,000 | $4,645,000 | 391.5% | 1.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,585,000 | $4,605,000 | 28.5% | 1.8% |
| GUARANTEED RATE, INC. | $4,035,000 | $4,195,000 | 4.0% | 1.6% |
| U.S. Bank | $2,555,000 | $3,985,000 | 56.0% | 1.6% |
| Fifth Third Bank | $5,395,000 | $3,925,000 | -27.2% | 1.5% |
| LOANDEPOT.COM, LLC | $4,925,000 | $3,245,000 | -34.1% | 1.3% |
| FREEDOM MORTGAGE CORPORATION | $6,525,000 | $3,150,000 | -51.7% | 1.2% |
| United Community Bank | $4,490,000 | $2,990,000 | -33.4% | 1.2% |
| Bank of America | $3,015,000 | $2,570,000 | -14.8% | 1.0% |
| South State Bank | $2,045,000 | $2,390,000 | 16.9% | 0.9% |
| PNC Bank | $1,130,000 | $2,315,000 | 104.9% | 0.9% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,800,000 | $2,125,000 | 18.1% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $1,610,000 | $2,050,000 | 27.3% | 0.8% |
| Champion Credit Union | $640,000 | $1,920,000 | 200.0% | 0.7% |
| Morgan Stanley Private Bank | $1,705,000 | n/a | 0.7% | |
| PENNYMAC LOAN SERVICES, LLC | $2,815,000 | $1,675,000 | -40.5% | 0.7% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,200,000 | $1,665,000 | 38.8% | 0.6% |
| HOMESIDE FINANCIAL, LLC | $1,195,000 | $1,660,000 | 38.9% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,560,000 | n/a | 0.6% | |
| AgFirst Farm Credit Bank | $1,010,000 | $1,370,000 | 35.6% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $710,000 | $1,350,000 | 90.1% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $1,835,000 | $1,300,000 | -29.2% | 0.5% |
| Baxter Credit Union | $3,905,000 | $1,255,000 | -67.9% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,600,000 | $1,175,000 | -54.8% | 0.5% |
| ACOPIA, LLC | $820,000 | $1,160,000 | 41.5% | 0.5% |
| Peoples Bank | $1,155,000 | n/a | 0.5% | |
| Dollar Bank, Federal Savings Bank | $3,205,000 | $1,150,000 | -64.1% | 0.4% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $125,000 | $1,150,000 | 820.0% | 0.4% |
| FBC MORTGAGE, LLC | $1,140,000 | n/a | 0.4% | |
| HOMESTAR FINANCIAL CORPORATION | $1,050,000 | $1,135,000 | 8.1% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,040,000 | $990,000 | -51.5% | 0.4% |
| GoPrime Mortgage, Inc. | $1,225,000 | $945,000 | -22.9% | 0.4% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $335,000 | $935,000 | 179.1% | 0.4% |
| Charles Schwab Bank, SSB | $610,000 | $905,000 | 48.4% | 0.4% |
| First National Bank of Pennsylvania | $1,780,000 | $895,000 | -49.7% | 0.3% |
| EMBRACE HOME LOANS, INC. | $890,000 | n/a | 0.3% | |
| ServisFirst Bank | $865,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $815,000 | $790,000 | -3.1% | 0.3% |
| T2 FINANCIAL LLC | $530,000 | $745,000 | 40.6% | 0.3% |
| First Horizon Bank | $185,000 | $715,000 | 286.5% | 0.3% |
| Southern Bank and Trust Company | $505,000 | $705,000 | 39.6% | 0.3% |
| Taylorsville Savings Bank SSB | $700,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $145,000 | $670,000 | 362.1% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $1,060,000 | $665,000 | -37.3% | 0.3% |
| AMERICAN ADVISORS GROUP | $595,000 | $660,000 | 10.9% | 0.3% |
| First Guaranty Mortgage Corporation | $1,175,000 | $650,000 | -44.7% | 0.3% |
| UNION HOME MORTGAGE CORP. | $2,105,000 | $645,000 | -69.4% | 0.3% |
| CALCON MUTUAL MORTGAGE LLC | $1,515,000 | $615,000 | -59.4% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $1,710,000 | $615,000 | -64.0% | 0.2% |
| Nations Lending Corporation | $745,000 | $615,000 | -17.4% | 0.2% |
| Truliant Federal Credit Union | $45,000 | $610,000 | 1,255.6% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $605,000 | n/a | 0.2% | |
| Blue Ridge Bank | $1,045,000 | $605,000 | -42.1% | 0.2% |
| HOMESTEAD FUNDING CORP. | $585,000 | n/a | 0.2% | |
| Renasant Bank | $885,000 | $570,000 | -35.6% | 0.2% |
| North American Savings Bank, F.S.B. | $1,040,000 | $565,000 | -45.7% | 0.2% |
| BAY EQUITY LLC | $890,000 | $560,000 | -37.1% | 0.2% |
| JPMorgan Chase Bank | $2,470,000 | $560,000 | -77.3% | 0.2% |
| BRIDGEVIEW MORTGAGE CORP. | $545,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $145,000 | $530,000 | 265.5% | 0.2% |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $525,000 | n/a | 0.2% | |
| Alcova Mortgage LLC | $1,235,000 | $520,000 | -57.9% | 0.2% |
| EMM LOANS LLC | $415,000 | $520,000 | 25.3% | 0.2% |
| SELF-HELP Credit Union | $510,000 | n/a | 0.2% | |
| N R L Federal Credit Union | $505,000 | n/a | 0.2% | |
| NEWREZ LLC | $360,000 | $490,000 | 36.1% | 0.2% |
| NexBank | $485,000 | n/a | 0.2% | |
| BELEM SERVICING LLC | $445,000 | n/a | 0.2% | |
| Century Next Bank | $445,000 | n/a | 0.2% | |
| Mid-Continent Funding, Inc. | $530,000 | $445,000 | -16.0% | 0.2% |
| Pinnacle Bank | $440,000 | n/a | 0.2% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,390,000 | $430,000 | -69.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $655,000 | $430,000 | -34.4% | 0.2% |
| EVERETT FINANCIAL, INC. | $425,000 | n/a | 0.2% | |
| CITIZENS EQUITY FIRST | $420,000 | n/a | 0.2% | |
| CALIBER HOME LOANS, INC. | $1,300,000 | $385,000 | -70.4% | 0.2% |
| KELLER MORTGAGE, LLC | $385,000 | n/a | 0.2% | |
| First Financial Bank | $375,000 | n/a | 0.1% | |
| MIDLAND MORTGAGE CORPORATION | $365,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $235,000 | $365,000 | 55.3% | 0.1% |
| 21ST MORTGAGE CORPORATION | $100,000 | $350,000 | 250.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $340,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $145,000 | $335,000 | 131.0% | 0.1% |
| Northpointe Bank | $410,000 | $330,000 | -19.5% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $480,000 | $320,000 | -33.3% | 0.1% |
| AMERIFIRST FINANCIAL CORPORATION | $420,000 | $310,000 | -26.2% | 0.1% |
| Bank of England | $790,000 | $310,000 | -60.8% | 0.1% |
| CAROLINAS TELCO FEDERAL CREDIT UNION | $135,000 | $295,000 | 118.5% | 0.1% |
| EASTMAN | $265,000 | $295,000 | 11.3% | 0.1% |
| FirstBank | $415,000 | $295,000 | -28.9% | 0.1% |
| Mortgage Network, Inc. | $285,000 | n/a | 0.1% | |
| Towne Bank | $185,000 | $285,000 | 54.1% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $525,000 | $275,000 | -47.6% | 0.1% |
| George Mason Mortgage, LLC | $185,000 | $275,000 | 48.6% | 0.1% |
| American Security Mortgage Corp. | $1,320,000 | $265,000 | -79.9% | 0.1% |
| The Fidelity Bank | $425,000 | $255,000 | -40.0% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $250,000 | n/a | 0.1% | |
| Magnolia Bank | $1,050,000 | $245,000 | -76.7% | 0.1% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $235,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $235,000 | n/a | 0.1% | |
| UTILITIES EMPLOYEES CREDIT UNION | $235,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $225,000 | n/a | 0.1% | |
| GUARANTY HOME MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $810,000 | $215,000 | -73.5% | 0.1% |
| GTE Federal Credit Union | $205,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $205,000 | n/a | 0.1% | |
| The Huntington National Bank | $455,000 | $195,000 | -57.1% | 0.1% |
| Ameris Bank | $680,000 | $185,000 | -72.8% | 0.1% |
| Bank of Springfield | $185,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $75,000 | $185,000 | 146.7% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $175,000 | $185,000 | 5.7% | 0.1% |
| COASTAL Federal Credit Union | $1,955,000 | $180,000 | -90.8% | 0.1% |
| CAPITAL CENTER, L.L.C. | $460,000 | $175,000 | -62.0% | 0.1% |
| LOANLEADERS OF AMERICA, INC. | $175,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $135,000 | $175,000 | 29.6% | 0.1% |
| Ally Bank | $165,000 | n/a | 0.1% | |
| 1ST SIGNATURE LENDING, LLC | $280,000 | $155,000 | -44.6% | 0.1% |
| Flagstar Bank, FSB | $715,000 | $155,000 | -78.3% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $795,000 | $155,000 | -80.5% | 0.1% |
| Citizens Bank | $1,890,000 | $135,000 | -92.9% | 0.1% |
| EQUITY RESOURCES, INC. | $135,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $700,000 | $125,000 | -82.1% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $125,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $105,000 | $125,000 | 19.0% | 0.0% |
| SPRING EQ, LLC | $120,000 | n/a | 0.0% | |
| North State Bank | $490,000 | $115,000 | -76.5% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $105,000 | $105,000 | 0.0% | 0.0% |
| Discover Bank | $105,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $105,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $180,000 | $105,000 | -41.7% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $1,515,000 | $105,000 | -93.1% | 0.0% |
| INTERCOASTAL MORTGAGE COMPANY | $400,000 | $95,000 | -76.3% | 0.0% |
| F&M Bank | $85,000 | n/a | 0.0% | |
| Figure Lending LLC | $75,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $65,000 | n/a | 0.0% | |
| Bank of Tennessee | $265,000 | $55,000 | -79.2% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $55,000 | n/a | 0.0% | |
| Southwest Airlines Federal Credit Union | $55,000 | n/a | 0.0% | |
| Synovus Bank | $45,000 | n/a | 0.0% |
Marion's top lender by overall market share is STATE EMPLOYEES', with 18.4% market share. In second place, with 6.2%, is QUICKEN LOANS, LLC, having originated $15,850,000 in loans. In third place, with 4.8%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $12,330,000 in loans. In fourth place, with 4.6%, is MOVEMENT MORTGAGE, LLC, having originated $11,705,000 in loans. In fifth place, with 3.3%, is First Bank, having originated $8,590,000 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 | $259,000 (12.0%) | $332,154 (10.3%) | 0.00 | 199 |
| 2018-02-01 | $259,000 (13.0%) | $329,661 (13.4%) | 0.00 | 197 |
| 2018-03-01 | $251,000 (6.9%) | $333,113 (7.5%) | 0.00 | 187 |
| 2018-04-01 | $249,825 (-4.2%) | $344,287 (6.9%) | 0.00 | 182 |
| 2018-05-01 | $249,000 (-5.0%) | $348,001 (5.8%) | 0.00 | 192 |
| 2018-06-01 | $264,500 (-1.1%) | $374,359 (11.4%) | 0.00 | 201 |
| 2018-07-01 | $264,000 (-5.4%) | $375,650 (10.2%) | 0.00 | 222 |
| 2018-08-01 | $274,950 (-1.5%) | $382,998 (12.3%) | 0.00 | 211 |
| 2018-09-01 | $277,000 (-0.7%) | $381,259 (8.2%) | 0.00 | 224 |
| 2018-10-01 | $276,000 (-1.1%) | $380,234 (8.5%) | 0.00 | 229 |
| 2018-11-01 | $259,900 (-6.5%) | $359,241 (2.6%) | 0.00 | 217 |
| 2018-12-01 | $249,500 (-9.3%) | $343,218 (-1.4%) | 0.00 | 210 |
| 2019-01-01 | $244,575 (-5.6%) | $331,617 (-0.2%) | 0.00 | 193 |
| 2019-02-01 | $253,500 (-2.1%) | $338,651 (2.7%) | 0.00 | 185 |
| 2019-03-01 | $266,429 (6.2%) | $348,665 (4.7%) | 0.00 | 195 |
| 2019-04-01 | $294,250 (17.8%) | $372,193 (8.1%) | 0.00 | 186 |
| 2019-05-01 | $314,250 (26.2%) | $403,681 (16.0%) | 0.00 | 189 |
| 2019-06-01 | $297,200 (12.4%) | $405,914 (8.4%) | 0.00 | 220 |
| 2019-07-01 | $294,100 (11.4%) | $398,703 (6.1%) | 0.00 | 213 |
| 2019-08-01 | $302,959 (10.2%) | $396,383 (3.5%) | 0.00 | 212 |
| 2019-09-01 | $308,298 (11.3%) | $391,451 (2.7%) | 0.00 | 212 |
| 2019-10-01 | $311,857 (13.0%) | $389,177 (2.4%) | 0.00 | 213 |
| 2019-11-01 | $324,900 (25.0%) | $390,865 (8.8%) | 0.00 | 203 |
| 2019-12-01 | $299,375 (20.0%) | $381,644 (11.2%) | 0.00 | 181 |
| 2020-01-01 | $311,100 (27.2%) | $386,904 (16.7%) | 0.00 | 168 |
| 2020-02-01 | $325,000 (28.2%) | $405,579 (19.8%) | 0.00 | 165 |
| 2020-03-01 | $329,900 (23.8%) | $409,594 (17.5%) | 0.00 | 165 |
| 2020-04-01 | $333,525 (13.4%) | $412,525 (10.8%) | 0.00 | 158 |
| 2020-05-01 | $359,300 (14.3%) | $434,097 (7.5%) | 0.00 | 136 |
| 2020-06-01 | $374,725 (26.1%) | $450,887 (11.1%) | 0.00 | 120 |
| 2020-07-01 | $386,750 (31.5%) | $467,089 (17.2%) | 0.00 | 104 |
| 2020-08-01 | $367,000 (21.1%) | $451,140 (13.8%) | 0.00 | 97 |
| 2020-09-01 | $349,000 (13.2%) | $446,262 (14.0%) | 0.00 | 99 |
| 2020-10-01 | $334,950 (7.4%) | $429,216 (10.3%) | 0.00 | 95 |
| 2020-11-01 | $342,200 (5.3%) | $404,997 (3.6%) | 0.00 | 87 |
| 2020-12-01 | $299,000 (-0.1%) | $385,450 (1.0%) | 0.00 | 87 |
| 2021-01-01 | $299,000 (-3.9%) | $380,876 (-1.6%) | 0.00 | 70 |
| 2021-02-01 | $278,500 (-14.3%) | $396,022 (-2.4%) | 0.00 | 59 |
| 2021-03-01 | $309,120 (-6.3%) | $391,928 (-4.3%) | 0.00 | 52 |
| 2021-04-01 | $287,400 (-13.8%) | $391,830 (-5.0%) | 0.00 | 53 |
| 2021-05-01 | $325,000 (-9.6%) | $407,969 (-6.0%) | 0.00 | 55 |
| 2021-06-01 | $397,250 (6.0%) | $447,250 (-0.8%) | 0.00 | 64 |
| 2021-07-01 | $407,450 (5.4%) | $466,417 (-0.1%) | 0.00 | 73 |
| 2021-08-01 | $376,750 (2.7%) | $437,290 (-3.1%) | 0.00 | 84 |
| 2021-09-01 | $384,250 (10.1%) | $465,815 (4.4%) | 0.00 | 82 |
| 2021-10-01 | $389,000 (16.1%) | $494,843 (15.3%) | 0.00 | 86 |
| 2021-11-01 | $413,000 (20.7%) | $3,247,435 (701.8%) | 0.00 | 80 |
| 2021-12-01 | $389,000 (30.1%) | $3,411,322 (785.0%) | 0.00 | 71 |
| 2022-01-01 | $400,000 (33.8%) | $471,730 (23.9%) | 0.00 | 56 |
| 2022-02-01 | $341,925 (22.8%) | $472,235 (19.2%) | 0.00 | 42 |
| 2022-03-01 | $334,725 (8.3%) | $426,652 (8.9%) | 0.00 | 45 |
| 2022-04-01 | $347,350 (20.9%) | $480,702 (22.7%) | 0.00 | 44 |
| 2022-05-01 | $362,450 (11.5%) | $493,502 (21.0%) | 0.00 | 50 |
| 2022-06-01 | $378,500 (-4.7%) | $504,006 (12.7%) | 0.00 | 65 |
| 2022-07-01 | $375,000 (-8.0%) | $480,060 (2.9%) | 0.00 | 81 |
| 2022-08-01 | $352,250 (-6.5%) | $456,153 (4.3%) | 0.00 | 87 |
| 2022-09-01 | $384,250 (0.0%) | $497,138 (6.7%) | 0.00 | 78 |
| 2022-10-01 | $397,000 (2.1%) | $519,100 (4.9%) | 0.00 | 81 |
| 2022-11-01 | $439,975 (6.5%) | $553,234 (-83.0%) | 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 (33.1%) | $663,896 (38.1%) | 0.00 | 59 |
| 2023-05-01 | $479,625 (32.3%) | $680,944 (38.0%) | 0.00 | 66 |
| 2023-06-01 | $489,000 (29.2%) | $730,118 (44.9%) | 0.00 | 69 |
| 2023-07-01 | $459,000 (22.4%) | $639,190 (33.2%) | 0.00 | 78 |
| 2023-08-01 | $449,725 (27.7%) | $620,430 (36.0%) | 0.00 | 92 |
Marion's median listing price comes in at 0% of the national average.
Marion's average listing price for 2023-08-01 was $620,430, a difference of $164,277 (36.0%) versus the prior year and $-18,760 versus the prior month.
For the 2023-08-01 period, Marion had 92 MLS listings, a difference of 14 listings (18%) versus the prior month and 5 listings (6%) 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 | 2,006 sqft |
| 2018-02-01 | 0 days | 1,960 sqft |
| 2018-03-01 | 0 days | 1,993 sqft |
| 2018-04-01 | 0 days | 1,921 sqft |
| 2018-05-01 | 0 days | 1,906 sqft |
| 2018-06-01 | 0 days | 1,904 sqft |
| 2018-07-01 | 0 days | 1,908 sqft |
| 2018-08-01 | 0 days | 2,025 sqft |
| 2018-09-01 | 0 days | 2,040 sqft |
| 2018-10-01 | 0 days | 2,016 sqft |
| 2018-11-01 | 0 days | 1,927 sqft |
| 2018-12-01 | 0 days | 1,899 sqft |
| 2019-01-01 | 0 days | 1,906 sqft |
| 2019-02-01 | 0 days | 1,928 sqft |
| 2019-03-01 | 0 days | 1,947 sqft |
| 2019-04-01 | 0 days | 2,006 sqft |
| 2019-05-01 | 0 days | 2,018 sqft |
| 2019-06-01 | 0 days | 2,006 sqft |
| 2019-07-01 | 0 days | 2,018 sqft |
| 2019-08-01 | 0 days | 2,033 sqft |
| 2019-09-01 | 0 days | 2,031 sqft |
| 2019-10-01 | 0 days | 2,029 sqft |
| 2019-11-01 | 0 days | 2,030 sqft |
| 2019-12-01 | 0 days | 2,000 sqft |
| 2020-01-01 | 0 days | 1,997 sqft |
| 2020-02-01 | 0 days | 2,013 sqft |
| 2020-03-01 | 0 days | 2,043 sqft |
| 2020-04-01 | 0 days | 2,074 sqft |
| 2020-05-01 | 0 days | 2,164 sqft |
| 2020-06-01 | 0 days | 2,239 sqft |
| 2020-07-01 | 0 days | 2,327 sqft |
| 2020-08-01 | 0 days | 2,217 sqft |
| 2020-09-01 | 0 days | 2,171 sqft |
| 2020-10-01 | 0 days | 2,167 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 | 2,018 sqft |
| 2021-03-01 | 0 days | 1,911 sqft |
| 2021-04-01 | 0 days | 1,630 sqft |
| 2021-05-01 | 0 days | 1,700 sqft |
| 2021-06-01 | 0 days | 1,885 sqft |
| 2021-07-01 | 0 days | 1,846 sqft |
| 2021-08-01 | 0 days | 1,791 sqft |
| 2021-09-01 | 0 days | 1,863 sqft |
| 2021-10-01 | 0 days | 1,906 sqft |
| 2021-11-01 | 0 days | 1,970 sqft |
| 2021-12-01 | 0 days | 1,835 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 | 1,628 sqft |
| 2022-05-01 | 0 days | 1,728 sqft |
| 2022-06-01 | 0 days | 1,795 sqft |
| 2022-07-01 | 0 days | 1,762 sqft |
| 2022-08-01 | 0 days | 1,727 sqft |
| 2022-09-01 | 0 days | 1,813 sqft |
| 2022-10-01 | 0 days | 1,824 sqft |
| 2022-11-01 | 0 days | 1,882 sqft |
| 2022-12-01 | 0 days | 1,748 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 |
Marion's median square footage for active listings during the 2023-08-01 period was 1,904 sqft. One year prior, the average listing was 1,727 sqft.
Marion, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 562 | $161,520,000 | $287,402 |
| Refi | 225 | $41,325,000 | $183,667 |
| Cash Out Refi | 156 | $31,010,000 | $198,782 |
| Home Improvement | 89 | $12,405,000 | $139,382 |
| Other | 78 | $10,280,000 | $131,795 |
Marion's most frequently cited loan purpose was Home Purchase, with 562 originations. The 2nd most popular reason was Refi, with 225 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 393 | $88,425,000 | $225,000 |
| 4-5% | 232 | $57,190,000 | $246,509 |
| 5-6% | 185 | $49,635,000 | $268,297 |
| 2.5-3% | 122 | $23,520,000 | $192,787 |
| 6-7% | 104 | $23,270,000 | $223,750 |
| 7-8% | 33 | $5,395,000 | $163,485 |
| <2.5% | 24 | $5,870,000 | $244,583 |
| Over 8% | 15 | $2,535,000 | $169,000 |
During 2022, Marion's most frequently originated rate bucket was 3-4%, with 393 originations.
Loan Sizing (Marion, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 393 | $57,945,000 | $147,443 |
| $200k-400k | 369 | $100,985,000 | $273,672 |
| $100,000 or less | 220 | $12,950,000 | $58,864 |
| $400k-600k | 77 | $36,555,000 | $474,740 |
| $600k-1000k | 38 | $28,050,000 | $738,158 |
| $Over $1MM | 13 | $20,055,000 | $1,542,692 |
Marion's loan sizing saw the bucket of loans from $100k-200k with 393 originations, totaling $57,945,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 422 | $107,620,000 | $255,024 |
| 60-80% | 280 | $84,010,000 | $300,036 |
| 40-60% | 148 | $36,400,000 | $245,946 |
| 20-40% | 137 | $16,855,000 | $123,029 |
| Under 20% | 95 | $4,975,000 | $52,368 |
| Over 100% | 19 | $4,855,000 | $255,526 |
Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 422 originations, totaling $107,620,000 in origination value.