Minot Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Minot averaged 6.43% 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 6.22% and one month ago for the week of 2024-11-07, the average rate was 6.72%.

Minot's average rate one year ago was 6.76%.

For refis of the same type during the week of 2024-12-12, the average rate was 7.2%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-12-12 6.6%
Minot 30 Year Fixed Rate 2024-12-12 6.43%
Minot 30 Year Fixed Rate Refi 2024-12-12 7.2%
Minot 15 Year Fixed Rate 2024-12-12 5.94%
Minot 15 Year Fixed Rate Refi 2024-12-12 6.24%
Minot 30 Year FHA 2024-12-12 5.83%
Minot 30 Year FHA Refi 2024-12-12 6.48%
Minot 30 Year USDA 2024-12-12 6.5%
Minot 30 Year USDA Refi 2024-12-12 6.3%
Minot 30 Year VA 2024-12-12 5.52%
Minot 30 Year VA Refi 2024-12-12 6.08%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Minot, ND.

Minot 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 Minot, ND 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
Gate City Bank 81 6.22% $5,077
First Western Bank & Trust 47 6.21% $4,077
First International Bank & Trust 40 6.69% $3,567
TOWN AND COUNTRY Credit Union 26 6.39% $5,558
ARK-LA-TEX FINANCIAL SERVICES, LLC. 23 6.63% $2,806
QUICKEN LOANS, LLC 20 6.60% $6,805
American Bank Center 10 6.45% $4,509
Dacotah Bank 9 6.46% $3,018
GUARANTEED RATE, INC. 9 7.01% $6,257
U.S. Bank 8 6.76% $4,066
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.86% $3,811
Flagstar Bank, FSB 6 7.02% $6,412
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.28% $5,687
JPMorgan Chase Bank 3 6.37% $1,397
Plains Commerce Bank 3 6.42% $8,154
GREAT RIVER FEDERAL CREDIT UNION 3 5.70% $4,322
UNITED WHOLESALE MORTGAGE, LLC 3 6.96% $5,390
LOANDEPOT.COM, LLC 2 6.75% $6,014
Mr. Cooper ( Nationstar Mortgage ) 2 6.63% $6,739
First Savings Bank 2 6.44% $4,075
Servion, Inc. 2 6.63% $4,657
USAA Federal Savings Bank 2 6.88% $3,325
Wells Fargo Bank 2 7.19% $8,019
WINGS FINANCIAL 1 5.38% $2,365
AMCAP MORTGAGE, LTD. 1 6.38% $4,320
Arvest Bank 1 7.63% $2,734
CROSSCOUNTRY MORTGAGE, LLC 1 6.70% $3,202
Discover Bank 1 9.99% $0
FIRST COMMUNITY CREDIT UNION 1 7.75% $5,373
First Federal Bank 1 6.50% $2,576
FREEDOM MORTGAGE CORPORATION 1 5.88% $5,998
Gateway First Bank 1 6.50% $3,563
LENDSURE MORTGAGE CORP. 1 9.00% $9,369
Mortgage Research Center, LLC 1 6.75% $1,477
NETWORK CAPITAL FUNDING CORPORATION 1 7.13% $3,518
NEWREZ LLC 1 7.13% $8,024
PENNYMAC LOAN SERVICES, LLC 1 6.38% $4,087
PNC Bank 1 7.25% $3,129
PREMIA MORTGAGE, LLC 1 5.63% $4,123
RBC Bank, (Georgia) 1 5.88% $1,692
Stride Bank 1 7.13% $3,548
The Huntington National Bank 1 6.63% $1,582
TOWNE MORTGAGE COMPANY 1 6.75% $5,662
Unify Home Lending Inc. 1 6.25% $929
WESTERN COOPERATIVE CREDIT UNION 1 6.75% $4,197
ACADEMY MORTGAGE CORPORATION 1 5.63% $16,208

Minot Average Closing Costs & Other Stats

Minot, ND's 46 lenders originated 1,119 loans during 2023. The total origination value was $232,605,000, with an average loan value of $207,869.

Minot's average closing costs are $5,117.

The top Minot lender as defined by loan originations is Gate City Bank, with 81 loans originated. Their average total fees are $5,077, which is $1,000 higher than the next largest lender, First Western Bank & Trust.

The lowest fee Minot lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($2,806), First International Bank & Trust ($3,567), First Western Bank & Trust ($4,077), American Bank Center ($4,509) and Gate City Bank ($5,077).

The lowest rate Minot lenders (with over 10 loans originated) are First Western Bank & Trust (6.21%), Gate City Bank (6.22%), TOWN AND COUNTRY Credit Union (6.39%), American Bank Center (6.45%) and QUICKEN LOANS, LLC (6.60%).

Minot, ND 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
TOWN AND COUNTRY Credit Union $53,480,000 $40,050,000 -25.1% 17.2%
Gate City Bank $51,765,000 $37,960,000 -26.7% 16.3%
First International Bank & Trust $38,010,000 $26,710,000 -29.7% 11.5%
First Western Bank & Trust $25,540,000 $22,095,000 -13.5% 9.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $30,075,000 $21,810,000 -27.5% 9.4%
Mortgage Research Center, LLC $14,965,000 $10,505,000 -29.8% 4.5%
QUICKEN LOANS, LLC $9,715,000 $10,190,000 4.9% 4.4%
GUARANTEED RATE, INC. $11,595,000 $8,875,000 -23.5% 3.8%
Dacotah Bank $10,385,000 $5,060,000 -51.3% 2.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $900,000 $4,540,000 404.4% 2.0%
Flagstar Bank, FSB $9,015,000 $4,390,000 -51.3% 1.9%
American Bank Center $6,000,000 $3,465,000 -42.3% 1.5%
U.S. Bank $2,430,000 $3,455,000 42.2% 1.5%
PRIMARY RESIDENTIAL MORTGAGE, INC. $7,655,000 $2,215,000 -71.1% 1.0%
USAA Federal Savings Bank $1,825,000 $1,945,000 6.6% 0.8%
Grandbridge Real Estate Capital LLC $1,765,000 n/a 0.8%
UNITED WHOLESALE MORTGAGE, LLC $4,290,000 $1,500,000 -65.0% 0.6%
Plains Commerce Bank $4,680,000 $1,130,000 -75.9% 0.5%
NAVY FEDERAL CREDIT UNION $2,930,000 $1,085,000 -63.0% 0.5%
JPMorgan Chase Bank $495,000 $945,000 90.9% 0.4%
Wells Fargo Bank $4,745,000 $935,000 -80.3% 0.4%
The Federal Savings Bank $1,310,000 $915,000 -30.2% 0.4%
Cornerstone Bank $8,720,000 $895,000 -89.7% 0.4%
FIRST COMMUNITY CREDIT UNION $1,220,000 $850,000 -30.3% 0.4%
BROKER SOLUTIONS, INC. $480,000 $765,000 59.4% 0.3%
Unify Home Lending Inc. $365,000 $755,000 106.8% 0.3%
FREEDOM MORTGAGE CORPORATION $2,990,000 $735,000 -75.4% 0.3%
GREAT RIVER FEDERAL CREDIT UNION $325,000 $685,000 110.8% 0.3%
PENNYMAC LOAN SERVICES, LLC $960,000 $650,000 -32.3% 0.3%
Servion, Inc. $1,180,000 $625,000 -47.0% 0.3%
AMCAP MORTGAGE, LTD. $175,000 $610,000 248.6% 0.3%
RAILWAY CREDIT UNION $860,000 $605,000 -29.7% 0.3%
NEWREZ LLC $1,040,000 $575,000 -44.7% 0.2%
Gateway First Bank $285,000 $530,000 86.0% 0.2%
Bremer Bank $6,530,000 $495,000 -92.4% 0.2%
AMERISAVE MORTGAGE CORPORATION $1,610,000 $475,000 -70.5% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $2,050,000 $440,000 -78.5% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $425,000 n/a 0.2%
DAS Acquisition Company, LLC $385,000 n/a 0.2%
LOANDEPOT.COM, LLC $2,085,000 $375,000 -82.0% 0.2%
ACADEMY MORTGAGE CORPORATION $365,000 n/a 0.2%
Figure Lending LLC $45,000 $355,000 688.9% 0.2%
BANKWEST, INC. $250,000 $350,000 40.0% 0.2%
VILLAGE CAPITAL MORTGAGE $270,000 $325,000 20.4% 0.1%
CITYWIDE HOME LOANS, LLC $315,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $335,000 $315,000 -6.0% 0.1%
TOWNE MORTGAGE COMPANY $310,000 n/a 0.1%
The Huntington National Bank $550,000 $305,000 -44.5% 0.1%
Discover Bank $140,000 $280,000 100.0% 0.1%
LENDSURE MORTGAGE CORP. $275,000 n/a 0.1%
Security First Bank of North Dakota $265,000 n/a 0.1%
Bank of England $255,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $255,000 n/a 0.1%
Flanagan State Bank $255,000 n/a 0.1%
TOTAL MORTGAGE SERVICES, LLC $255,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $330,000 $255,000 -22.7% 0.1%
Armed Forces Bank $275,000 $235,000 -14.5% 0.1%
RBC Bank, (Georgia) $225,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $215,000 n/a 0.1%
Equity Prime Mortgage LLC $215,000 n/a 0.1%
PNC Bank $195,000 $215,000 10.3% 0.1%
PREMIA MORTGAGE, LLC $935,000 $215,000 -77.0% 0.1%
WINGS FINANCIAL $215,000 n/a 0.1%
DEEPHAVEN MORTGAGE LLC $205,000 n/a 0.1%
Kirkwood Bank & Trust Co. $860,000 $205,000 -76.2% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $190,000 n/a 0.1%
Alerus Financial $525,000 $185,000 -64.8% 0.1%
First Savings Bank $175,000 $180,000 2.9% 0.1%
Arvest Bank $175,000 n/a 0.1%
WESTERN COOPERATIVE CREDIT UNION $245,000 $165,000 -32.7% 0.1%
Dakota Community Bank & Trust $155,000 n/a 0.1%
Citizens Bank $360,000 $145,000 -59.7% 0.1%
THRIVENT Federal Credit Union $125,000 n/a 0.1%
EVERETT FINANCIAL, INC. $315,000 $115,000 -63.5% 0.0%
First Federal Bank $105,000 n/a 0.0%
Stride Bank $95,000 n/a 0.0%
Coastal Community Bank $80,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $75,000 $65,000 -13.3% 0.0%
BNC National Bank $325,000 $55,000 -83.1% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $55,000 n/a 0.0%
21ST MORTGAGE CORPORATION $110,000 $25,000 -77.3% 0.0%

Minot's top lender by overall market share is TOWN AND COUNTRY Credit Union, with 17.2% market share. In second place, with 16.3%, is Gate City Bank, having originated $37,960,000 in loans. In third place, with 11.5%, is First International Bank & Trust, having originated $26,710,000 in loans. In fourth place, with 9.5%, is First Western Bank & Trust, having originated $22,095,000 in loans. In fifth place, with 9.4%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $21,810,000 in loans.


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

Realtor.com - Minot (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 $208,450 (-4.5%) $230,361 (-2.1%) 0.00 404
2018-02-01 $210,000 (-1.2%) $236,507 (3.3%) 0.00 396
2018-03-01 $210,000 (-1.6%) $236,582 (2.6%) 0.00 394
2018-04-01 $219,900 (4.8%) $240,121 (3.7%) 0.00 404
2018-05-01 $219,900 (8.5%) $278,740 (21.1%) 0.00 456
2018-06-01 $219,900 (10.0%) $279,745 (25.1%) 0.00 494
2018-07-01 $219,900 (8.9%) $280,108 (26.3%) 0.00 514
2018-08-01 $219,000 (9.6%) $278,707 (25.6%) 0.00 497
2018-09-01 $214,900 (4.9%) $279,997 (24.0%) 0.00 486
2018-10-01 $209,925 (2.0%) $277,616 (21.7%) 0.00 482
2018-11-01 $203,250 (-2.1%) $272,975 (18.5%) 0.00 481
2018-12-01 $199,900 (-2.5%) $271,581 (17.2%) 0.00 420
2019-01-01 $199,450 (-4.3%) $273,371 (18.7%) 0.00 374
2019-02-01 $199,725 (-4.9%) $272,637 (15.3%) 0.00 382
2019-03-01 $204,243 (-2.7%) $253,142 (7.0%) 0.00 418
2019-04-01 $209,900 (-4.6%) $225,260 (-6.2%) 0.00 461
2019-05-01 $209,925 (-4.5%) $226,906 (-18.6%) 0.00 481
2019-06-01 $214,500 (-2.5%) $225,329 (-19.5%) 0.00 469
2019-07-01 $211,250 (-3.9%) $225,805 (-19.4%) 0.00 475
2019-08-01 $207,173 (-5.4%) $224,373 (-19.5%) 0.00 465
2019-09-01 $203,082 (-5.5%) $223,345 (-20.2%) 0.00 445
2019-10-01 $199,900 (-4.8%) $221,071 (-20.4%) 0.00 421
2019-11-01 $195,450 (-3.8%) $215,927 (-20.9%) 0.00 375
2019-12-01 $189,500 (-5.2%) $212,889 (-21.6%) 0.00 301
2020-01-01 $186,475 (-6.5%) $211,363 (-22.7%) 0.00 251
2020-02-01 $187,500 (-6.1%) $209,064 (-23.3%) 0.00 252
2020-03-01 $195,000 (-4.5%) $219,448 (-13.3%) 0.00 273
2020-04-01 $199,925 (-4.8%) $220,819 (-2.0%) 0.00 288
2020-05-01 $209,900 (0.0%) $236,164 (4.1%) 0.00 297
2020-06-01 $212,450 (-1.0%) $242,017 (7.4%) 0.00 313
2020-07-01 $219,450 (3.9%) $248,972 (10.3%) 0.00 298
2020-08-01 $214,900 (3.7%) $248,462 (10.7%) 0.00 279
2020-09-01 $203,500 (0.2%) $244,976 (9.7%) 0.00 256
2020-10-01 $194,900 (-2.5%) $239,403 (8.3%) 0.00 226
2020-11-01 $194,900 (-0.3%) $233,197 (8.0%) 0.00 207
2020-12-01 $208,250 (9.9%) $234,126 (10.0%) 0.00 198
2021-01-01 $198,000 (6.2%) $229,251 (8.5%) 0.00 166
2021-02-01 $208,750 (11.3%) $232,088 (11.0%) 0.00 166
2021-03-01 $208,500 (6.9%) $231,471 (5.5%) 0.00 149
2021-04-01 $207,000 (3.5%) $242,006 (9.6%) 0.00 141
2021-05-01 $205,000 (-2.3%) $243,956 (3.3%) 0.00 167
2021-06-01 $210,000 (-1.2%) $251,327 (3.9%) 0.00 185
2021-07-01 $209,950 (-4.3%) $256,915 (3.2%) 0.00 208
2021-08-01 $215,225 (0.2%) $244,391 (-1.6%) 0.00 213
2021-09-01 $219,950 (8.1%) $245,479 (0.2%) 0.00 210
2021-10-01 $209,900 (7.7%) $245,050 (2.4%) 0.00 176
2021-11-01 $196,200 (0.7%) $223,339 (-4.2%) 0.00 167
2021-12-01 $204,925 (-1.6%) $220,787 (-5.7%) 0.00 144
2022-01-01 $193,700 (-2.2%) $205,717 (-10.3%) 0.00 121
2022-02-01 $184,975 (-11.4%) $206,641 (-11.0%) 0.00 102
2022-03-01 $199,975 (-4.1%) $219,690 (-5.1%) 0.00 99
2022-04-01 $210,000 (1.5%) $227,791 (-5.9%) 0.00 107
2022-05-01 $226,175 (10.3%) $252,150 (3.4%) 0.00 130
2022-06-01 $239,900 (14.2%) $269,275 (7.1%) 0.00 170
2022-07-01 $247,900 (18.1%) $272,055 (5.9%) 0.00 188
2022-08-01 $249,975 (16.2%) $279,274 (14.3%) 0.00 208
2022-09-01 $249,100 (13.3%) $280,845 (14.4%) 0.00 213
2022-10-01 $239,450 (14.1%) $274,037 (11.8%) 0.00 217
2022-11-01 $230,750 (17.6%) $263,305 (17.9%) 0.00 205
2022-12-01 $230,000 (12.2%) $260,837 (18.1%) 0.00 187
2023-01-01 $229,900 (18.7%) $254,741 (23.8%) 0.00 166
2023-02-01 $224,950 (21.6%) $262,062 (26.8%) 0.00 135
2023-03-01 $228,700 (14.4%) $282,315 (28.5%) 0.00 125
2023-04-01 $239,900 (14.2%) $297,455 (30.6%) 0.00 108
2023-05-01 $241,975 (7.0%) $305,924 (21.3%) 0.00 123
2023-06-01 $243,550 (1.5%) $304,045 (12.9%) 0.00 131
2023-07-01 $232,500 (-6.2%) $284,890 (4.7%) 0.00 140
2023-08-01 $237,450 (-5.0%) $287,877 (3.1%) 0.00 156
2023-09-01 $235,000 (-5.7%) $281,608 (0.3%) 0.00 180
2023-10-01 $226,950 (-5.2%) $281,254 (2.6%) 0.00 180
2023-11-01 $226,725 (-1.7%) $275,064 (4.5%) 0.00 180
2023-12-01 $227,000 (-1.3%) $275,499 (5.6%) 0.00 164
2024-01-01 $237,500 (3.3%) $282,279 (10.8%) 0.00 141
2024-02-01 $249,450 (10.9%) $307,340 (17.3%) 0.00 134
2024-03-01 $287,450 (25.7%) $315,838 (11.9%) 0.00 126
2024-04-01 $328,650 (37.0%) $345,762 (16.2%) 0.00 133
2024-05-01 $319,925 (32.2%) $338,180 (10.5%) 0.00 161
2024-06-01 $327,500 (34.5%) $339,018 (11.5%) 0.00 155
2024-07-01 $309,900 (33.3%) $343,721 (20.7%) 0.00 173
2024-08-01 $312,450 (31.6%) $337,010 (17.1%) 0.00 171
2024-09-01 $314,450 (33.8%) $349,624 (24.2%) 0.00 183
2024-10-01 $313,725 (38.2%) $348,265 (23.8%) 0.00 185
2024-11-01 $299,900 (32.3%) $332,957 (21.1%) 0.00 182
Minot's median listing price for 2024-11-01 was $299,900, a difference of $73,175 (32.3%) versus the prior year and $-13,825 versus the prior month.

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

Minot's average listing price for 2024-11-01 was $332,957, a difference of $57,893 (21.1%) versus the prior year and $-15,308 versus the prior month.

For the 2024-11-01 period, Minot had 182 MLS listings, a difference of -3 listings (-2%) versus the prior month and 2 listings (1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Minot (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,150 sqft
2018-02-01 0 days 2,154 sqft
2018-03-01 0 days 2,164 sqft
2018-04-01 0 days 2,173 sqft
2018-05-01 0 days 2,123 sqft
2018-06-01 0 days 2,182 sqft
2018-07-01 0 days 2,183 sqft
2018-08-01 0 days 2,184 sqft
2018-09-01 0 days 2,196 sqft
2018-10-01 0 days 2,157 sqft
2018-11-01 0 days 2,115 sqft
2018-12-01 0 days 2,079 sqft
2019-01-01 0 days 2,053 sqft
2019-02-01 0 days 2,043 sqft
2019-03-01 0 days 2,027 sqft
2019-04-01 0 days 2,027 sqft
2019-05-01 0 days 2,056 sqft
2019-06-01 0 days 2,080 sqft
2019-07-01 0 days 2,093 sqft
2019-08-01 0 days 2,088 sqft
2019-09-01 0 days 2,086 sqft
2019-10-01 0 days 2,084 sqft
2019-11-01 0 days 2,088 sqft
2019-12-01 0 days 2,046 sqft
2020-01-01 0 days 2,041 sqft
2020-02-01 0 days 2,024 sqft
2020-03-01 0 days 2,069 sqft
2020-04-01 0 days 2,080 sqft
2020-05-01 0 days 2,138 sqft
2020-06-01 0 days 2,150 sqft
2020-07-01 0 days 2,156 sqft
2020-08-01 0 days 2,138 sqft
2020-09-01 0 days 2,095 sqft
2020-10-01 0 days 2,097 sqft
2020-11-01 0 days 2,157 sqft
2020-12-01 0 days 2,183 sqft
2021-01-01 0 days 2,052 sqft
2021-02-01 0 days 2,087 sqft
2021-03-01 0 days 2,115 sqft
2021-04-01 0 days 2,115 sqft
2021-05-01 0 days 2,064 sqft
2021-06-01 0 days 2,116 sqft
2021-07-01 0 days 2,128 sqft
2021-08-01 0 days 2,112 sqft
2021-09-01 0 days 2,105 sqft
2021-10-01 0 days 2,004 sqft
2021-11-01 0 days 1,979 sqft
2021-12-01 0 days 1,979 sqft
2022-01-01 0 days 1,912 sqft
2022-02-01 0 days 1,835 sqft
2022-03-01 0 days 1,951 sqft
2022-04-01 0 days 1,989 sqft
2022-05-01 0 days 2,055 sqft
2022-06-01 0 days 2,026 sqft
2022-07-01 0 days 2,097 sqft
2022-08-01 0 days 2,127 sqft
2022-09-01 0 days 2,152 sqft
2022-10-01 0 days 2,184 sqft
2022-11-01 0 days 2,185 sqft
2022-12-01 0 days 2,178 sqft
2023-01-01 0 days 2,142 sqft
2023-02-01 0 days 2,100 sqft
2023-03-01 0 days 2,047 sqft
2023-04-01 0 days 2,162 sqft
2023-05-01 0 days 2,139 sqft
2023-06-01 0 days 2,197 sqft
2023-07-01 0 days 2,030 sqft
2023-08-01 0 days 2,093 sqft
2023-09-01 0 days 2,160 sqft
2023-10-01 0 days 2,125 sqft
2023-11-01 0 days 2,073 sqft
2023-12-01 0 days 2,035 sqft
2024-01-01 0 days 2,036 sqft
2024-02-01 0 days 2,188 sqft
2024-03-01 0 days 2,245 sqft
2024-04-01 0 days 2,282 sqft
2024-05-01 0 days 2,285 sqft
2024-06-01 0 days 2,342 sqft
2024-07-01 0 days 2,358 sqft
2024-08-01 0 days 2,334 sqft
2024-09-01 0 days 2,316 sqft
2024-10-01 0 days 2,281 sqft
2024-11-01 0 days 2,296 sqft
Minot's median listing age (time on market) for 2024-11-01 was 0 days.

Minot's median square footage for active listings during the 2024-11-01 period was 2,296 sqft. One year prior, the average listing was 2,073 sqft.

Minot, ND Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 846 $197,460,000 $233,404
Cash Out Refi 93 $12,895,000 $138,656
Home Improvement 71 $4,605,000 $64,859
Other 57 $6,035,000 $105,877
Refi 52 $11,610,000 $223,269

Minot's most frequently cited loan purpose was Home Purchase, with 846 originations. The 2nd most popular reason was Cash Out Refi, with 93 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 471 $101,935,000 $216,423
5-6% 316 $75,150,000 $237,816
7-8% 187 $36,385,000 $194,572
Over 8% 110 $10,590,000 $96,273
4-5% 17 $5,145,000 $302,647
<2.5% 9 $1,085,000 $120,556
3-4% 4 $810,000 $202,500
2.5-3% 1 $375,000 $375,000

During 2023, Minot's most frequently originated rate bucket was 6-7%, with 471 originations.

Loan Sizing (Minot, ND MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 500 $137,050,000 $274,100
$100k-200k 336 $51,370,000 $152,887
$100,000 or less 221 $12,335,000 $55,814
$400k-600k 53 $24,905,000 $469,906
$600k-1000k 8 $5,180,000 $647,500
$Over $1MM 1 $1,765,000 $1,765,000

Minot's loan sizing saw the bucket of loans from $200k-400k with 500 originations, totaling $137,050,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 584 $140,260,000 $240,171
60-80% 213 $47,875,000 $224,765
Under 20% 113 $4,905,000 $43,407
20-40% 70 $7,090,000 $101,286
Over 100% 69 $19,585,000 $283,841
40-60% 56 $8,870,000 $158,393

Minot's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 584 originations, totaling $140,260,000 in origination value.