Minot Mortgage Rates & Closing Costs

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  • Trends
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Minot averaged 6.58% for the week of 2025-03-27, compared to the national average of 6.65% for the same period.

    The average rate for the prior week (2025-03-20) was 6.6% and one month ago for the week of 2025-02-20, the average rate was 6.48%.

    Minot's average rate one year ago was 6.7%.

    For refis of the same type during the week of 2025-03-27, the average rate was 6.75%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-03-27 6.65%
    Minot 30 Year Fixed Rate 2025-03-27 6.58%
    Minot 30 Year Fixed Rate Refi 2025-03-27 6.75%
    Minot 15 Year Fixed Rate 2025-03-27 5.69%
    Minot 15 Year Fixed Rate Refi 2025-03-27 6.09%
    Minot 30 Year FHA 2025-03-27 5.82%
    Minot 30 Year FHA Refi 2025-03-27 6.17%
    Minot 30 Year USDA 2025-03-27 6.3%
    Minot 30 Year USDA Refi 2025-03-27 6.6%
    Minot 30 Year VA 2025-03-27 5.73%
    Minot 30 Year VA Refi 2025-03-27 6.09%
    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 (8.8%) $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 (9.4%) $280,108 (26.4%) 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 (24.1%) 0.00 486
    2018-10-01 $209,925 (2.3%) $277,616 (21.8%) 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 $209,450 (-0.2%) $235,970 (4.0%) 0.00 297
    2020-06-01 $212,450 (-1.0%) $241,908 (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 $205,750 (2.9%) $241,803 (9.5%) 0.00 141
    2021-05-01 $205,000 (-2.1%) $243,633 (3.3%) 0.00 168
    2021-06-01 $209,975 (-1.2%) $251,384 (3.9%) 0.00 185
    2021-07-01 $209,950 (-4.3%) $256,915 (3.2%) 0.00 207
    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 (2.1%) $227,791 (-5.8%) 0.00 107
    2022-05-01 $226,175 (10.3%) $252,150 (3.5%) 0.00 130
    2022-06-01 $239,900 (14.3%) $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 $317,475 (31.2%) $338,180 (10.5%) 0.00 161
    2024-06-01 $327,500 (34.5%) $348,184 (14.5%) 0.00 154
    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
    2024-12-01 $289,000 (27.3%) $323,187 (17.3%) 0.00 180
    2025-01-01 $302,450 (27.4%) $331,977 (17.6%) 0.00 145
    2025-02-01 $318,725 (27.8%) $343,400 (11.7%) 0.00 123
    Minot's median listing price for 2025-02-01 was $318,725, a difference of $69,275 (27.8%) versus the prior year and $16,275 versus the prior month.

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

    Minot's average listing price for 2025-02-01 was $343,400, a difference of $36,060 (11.7%) versus the prior year and $11,423 versus the prior month.

    For the 2025-02-01 period, Minot had 123 MLS listings, a difference of -22 listings (-15%) versus the prior month and -11 listings (-8%) 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 2,140 sqft
    2018-02-01 0 days 2,150 sqft
    2018-03-01 0 days 2,162 sqft
    2018-04-01 0 days 2,172 sqft
    2018-05-01 0 days 2,118 sqft
    2018-06-01 0 days 2,181 sqft
    2018-07-01 0 days 2,182 sqft
    2018-08-01 0 days 2,182 sqft
    2018-09-01 0 days 2,196 sqft
    2018-10-01 0 days 2,158 sqft
    2018-11-01 0 days 2,119 sqft
    2018-12-01 0 days 2,080 sqft
    2019-01-01 0 days 2,053 sqft
    2019-02-01 0 days 2,040 sqft
    2019-03-01 0 days 2,025 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 2,026 sqft
    2020-03-01 0 days 2,072 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 2,157 sqft
    2020-08-01 0 days 2,141 sqft
    2020-09-01 0 days 2,101 sqft
    2020-10-01 0 days 2,113 sqft
    2020-11-01 0 days 2,160 sqft
    2020-12-01 0 days 2,194 sqft
    2021-01-01 0 days 2,052 sqft
    2021-02-01 0 days 2,091 sqft
    2021-03-01 0 days 2,121 sqft
    2021-04-01 0 days 2,117 sqft
    2021-05-01 0 days 2,080 sqft
    2021-06-01 0 days 2,129 sqft
    2021-07-01 0 days 2,134 sqft
    2021-08-01 0 days 2,124 sqft
    2021-09-01 0 days 2,114 sqft
    2021-10-01 0 days 2,006 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 1,829 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 2,126 sqft
    2022-09-01 0 days 2,148 sqft
    2022-10-01 0 days 2,184 sqft
    2022-11-01 0 days 2,186 sqft
    2022-12-01 0 days 2,180 sqft
    2023-01-01 0 days 2,147 sqft
    2023-02-01 0 days 2,104 sqft
    2023-03-01 0 days 2,057 sqft
    2023-04-01 0 days 2,173 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 2,099 sqft
    2023-09-01 0 days 2,156 sqft
    2023-10-01 0 days 2,125 sqft
    2023-11-01 0 days 2,076 sqft
    2023-12-01 0 days 2,035 sqft
    2024-01-01 0 days 2,048 sqft
    2024-02-01 0 days 2,196 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 2,323 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
    2024-12-01 0 days 2,210 sqft
    2025-01-01 0 days 2,240 sqft
    2025-02-01 0 days 2,339 sqft
    Minot's median listing age (time on market) for 2025-02-01 was 0 days.

    Minot's median square footage for active listings during the 2025-02-01 period was 2,339 sqft. One year prior, the average listing was 2,196 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.