Minot Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Minot averaged 6.22% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

    The average rate for the prior week (2025-04-03) was 6.24% and one month ago for the week of 2025-03-06, the average rate was 6.53%.

    Minot's average rate one year ago was 6.42%.

    For refis of the same type during the week of 2025-04-10, the average rate was 6.52%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-10 6.62%
    Minot 30 Year Fixed Rate 2025-04-10 6.22%
    Minot 30 Year Fixed Rate Refi 2025-04-10 6.52%
    Minot 15 Year Fixed Rate 2025-04-10 5.82%
    Minot 15 Year Fixed Rate Refi 2025-04-10 6.42%
    Minot 30 Year FHA 2025-04-10 5.84%
    Minot 30 Year FHA Refi 2025-04-10 6.43%
    Minot 30 Year USDA 2025-04-10 6.65%
    Minot 30 Year USDA Refi 2025-04-10 6.35%
    Minot 30 Year VA 2025-04-10 5.75%
    Minot 30 Year VA Refi 2025-04-10 6.39%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Gate City Bank 54 6.33% $4,987
    First International Bank & Trust 46 6.52% $5,248
    TOWN AND COUNTRY Credit Union 38 6.45% $5,314
    First Western Bank & Trust 37 6.23% $4,321
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 21 6.58% $3,867
    QUICKEN LOANS, LLC 18 6.53% $6,447
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 6.45% $6,972
    Dacotah Bank 13 6.34% $2,238
    U.S. Bank 10 6.62% $2,912
    UNITED WHOLESALE MORTGAGE, LLC 9 6.86% $6,288
    Flagstar Bank, FSB 6 7.13% $4,666
    GUARANTEED RATE, INC. 5 6.61% $6,601
    ZILLOW HOME LOANS, LLC 3 6.92% $4,441
    Bremer Bank 3 7.06% $4,512
    Wells Fargo Bank 3 6.71% $5,622
    LOANDEPOT.COM, LLC 2 6.93% $4,525
    Servion, Inc. 2 7.25% $3,777
    Starion Bank 2 6.31% $3,005
    21ST MORTGAGE CORPORATION 2 8.06% $5,842
    Bell Bank 2 6.81% $3,895
    Bank of England 1 8.13% $4,752
    AXIA FINANCIAL, LLC 1 7.38% $4,081
    AMERISAVE MORTGAGE CORPORATION 1 7.63% $6,213
    USAA Federal Savings Bank 1 6.00% $4,848
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.99% $3,619
    Discover Bank 1 6.00% $0
    FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $6,225
    Deere Employees Credit Union 1 6.25% $4,414
    Commerce Home Mortgage, Inc. 1 9.38% $14,391
    CAPITAL CREDIT UNION 1 7.00% $5,020
    Pinnacle Bank 1 6.63% $3,012

    Minot Average Closing Costs & Other Stats

    Minot, ND's 31 lenders originated 1,367 loans during 2024. The total origination value was $311,335,000, with an average loan value of $227,751.

    Minot's average closing costs are $5,286.

    The top Minot lender as defined by loan originations is Gate City Bank, with 54 loans originated. Their average total fees are $4,987, which is $261 lower than the next largest lender, First International Bank & Trust.

    The lowest fee Minot lenders (with over 10 loans originated) are Dacotah Bank ($2,238), U.S. Bank ($2,912), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($3,867), First Western Bank & Trust ($4,321) and Gate City Bank ($4,987).

    The lowest rate Minot lenders (with over 10 loans originated) are First Western Bank & Trust (6.23%), Gate City Bank (6.33%), Dacotah Bank (6.34%), TOWN AND COUNTRY Credit Union (6.45%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.45%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    TOWN AND COUNTRY Credit Union $40,050,000 $46,125,000 15.2% 14.8%
    Gate City Bank $37,960,000 $36,550,000 -3.7% 11.7%
    First International Bank & Trust $26,710,000 $36,405,000 36.3% 11.7%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $21,810,000 $24,450,000 12.1% 7.9%
    First Western Bank & Trust $22,095,000 $17,215,000 -22.1% 5.5%
    Mortgage Research Center, LLC $10,505,000 $16,295,000 55.1% 5.2%
    GUARANTEED RATE, INC. $8,875,000 $13,540,000 52.6% 4.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,540,000 $11,250,000 147.8% 3.6%
    21ST MORTGAGE CORPORATION $25,000 $10,690,000 42,660.0% 3.4%
    QUICKEN LOANS, LLC $10,190,000 $9,875,000 -3.1% 3.2%
    Dacotah Bank $5,060,000 $6,635,000 31.1% 2.1%
    UNITED WHOLESALE MORTGAGE, LLC $1,500,000 $5,985,000 299.0% 1.9%
    American Bank Center $3,465,000 $5,670,000 63.6% 1.8%
    NAVY FEDERAL CREDIT UNION $1,085,000 $5,260,000 384.8% 1.7%
    Flagstar Bank, FSB $4,390,000 $5,065,000 15.4% 1.6%
    FREEDOM MORTGAGE CORPORATION $735,000 $4,705,000 540.1% 1.5%
    U.S. Bank $3,455,000 $3,420,000 -1.0% 1.1%
    USAA Federal Savings Bank $1,945,000 $2,715,000 39.6% 0.9%
    Bremer Bank $495,000 $2,420,000 388.9% 0.8%
    PENNYMAC LOAN SERVICES, LLC $650,000 $2,360,000 263.1% 0.8%
    The Greenwood's State Bank $2,275,000 n/a 0.7%
    LOANDEPOT.COM, LLC $375,000 $1,375,000 266.7% 0.4%
    Century Mortgage Company DBA Century Lending Company $1,095,000 n/a 0.4%
    Starion Bank $1,020,000 n/a 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $215,000 $995,000 362.8% 0.3%
    Plains Commerce Bank $1,130,000 $995,000 -11.9% 0.3%
    BROKER SOLUTIONS, INC. $765,000 $970,000 26.8% 0.3%
    Servion, Inc. $625,000 $950,000 52.0% 0.3%
    NEWREZ LLC $575,000 $845,000 47.0% 0.3%
    JPMorgan Chase Bank $945,000 $835,000 -11.6% 0.3%
    Carrington Mortgage Services, LLC $815,000 n/a 0.3%
    Cornerstone Bank $895,000 $715,000 -20.1% 0.2%
    Bank of England $255,000 $655,000 156.9% 0.2%
    Choice Financial Group $610,000 n/a 0.2%
    Bell Bank $590,000 n/a 0.2%
    VILLAGE CAPITAL MORTGAGE $325,000 $560,000 72.3% 0.2%
    Commerce Home Mortgage, Inc. $545,000 n/a 0.2%
    AXIA FINANCIAL, LLC $535,000 n/a 0.2%
    Wells Fargo Bank $935,000 $505,000 -46.0% 0.2%
    ZILLOW HOME LOANS, LLC $475,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $455,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $445,000 n/a 0.1%
    Kirkwood Bank & Trust Co. $205,000 $440,000 114.6% 0.1%
    Ameris Bank $435,000 n/a 0.1%
    DOMINION FINANCIAL SERVICES, LLC $425,000 n/a 0.1%
    PNC Bank $215,000 $425,000 97.7% 0.1%
    PLANET HOME LENDING, LLC $410,000 n/a 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $440,000 $400,000 -9.1% 0.1%
    DAS Acquisition Company, LLC $385,000 $385,000 0.0% 0.1%
    AMERISAVE MORTGAGE CORPORATION $475,000 $380,000 -20.0% 0.1%
    BETTER MORTGAGE CORPORATION $375,000 n/a 0.1%
    Alerus Financial $185,000 $365,000 97.3% 0.1%
    Armed Forces Bank $235,000 $345,000 46.8% 0.1%
    Pinnacle Bank $335,000 n/a 0.1%
    Deere Employees Credit Union $300,000 n/a 0.1%
    AgCountry Farm Credit Services, FLCA $295,000 n/a 0.1%
    Discover Bank $280,000 $295,000 5.4% 0.1%
    EVERETT FINANCIAL, INC. $115,000 $285,000 147.8% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $275,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $190,000 $265,000 39.5% 0.1%
    NBKC BANK $265,000 n/a 0.1%
    CORNERSTONE HOME LENDING, INC. $255,000 $255,000 0.0% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $245,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $245,000 n/a 0.1%
    CAPITAL CREDIT UNION $240,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $235,000 n/a 0.1%
    Oakstar Bank $235,000 n/a 0.1%
    Texana Bank $235,000 n/a 0.1%
    BANKWEST, INC. $350,000 $225,000 -35.7% 0.1%
    BNC National Bank $55,000 $225,000 309.1% 0.1%
    Service Federal Credit Union $195,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $185,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $165,000 n/a 0.1%
    Figure Lending LLC $355,000 $145,000 -59.2% 0.0%
    Barrington Bank & Trust Company, N.A. $125,000 n/a 0.0%
    SIRVA MORTGAGE, INC. $125,000 n/a 0.0%
    Citizens Bank $145,000 $85,000 -41.4% 0.0%
    Connexus Credit Union $55,000 n/a 0.0%
    Baxter Credit Union $45,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $255,000 $45,000 -82.4% 0.0%
    Coastal Community Bank $80,000 $40,000 -50.0% 0.0%

    Minot's top lender by overall market share is TOWN AND COUNTRY Credit Union, with 14.8% market share. In second place, with 11.7%, is Gate City Bank, having originated $36,550,000 in loans. In third place, with 11.7%, is First International Bank & Trust, having originated $36,405,000 in loans. In fourth place, with 7.9%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $24,450,000 in loans. In fifth place, with 5.5%, is First Western Bank & Trust, having originated $17,215,000 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
    2025-03-01 $315,000 (9.6%) $352,672 (11.7%) 0.00 110
    Minot's median listing price for 2025-03-01 was $315,000, a difference of $27,550 (9.6%) versus the prior year and $-3,725 versus the prior month.

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

    Minot's average listing price for 2025-03-01 was $352,672, a difference of $36,834 (11.7%) versus the prior year and $9,272 versus the prior month.

    For the 2025-03-01 period, Minot had 110 MLS listings, a difference of -13 listings (-11%) versus the prior month and -16 listings (-13%) 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
    2025-03-01 0 days 2,365 sqft
    Minot's median listing age (time on market) for 2025-03-01 was 0 days.

    Minot's median square footage for active listings during the 2025-03-01 period was 2,365 sqft. One year prior, the average listing was 2,245 sqft.

    Minot, ND Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 930 $244,910,000 $263,344
    Cash Out Refi 148 $24,750,000 $167,230
    Refi 138 $30,080,000 $217,971
    Home Improvement 82 $5,430,000 $66,220
    Other 69 $6,165,000 $89,348

    Minot's most frequently cited loan purpose was Home Purchase, with 930 originations. The 2nd most popular reason was Cash Out Refi, with 148 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 470 $118,030,000 $251,128
    5-6% 324 $81,010,000 $250,031
    7-8% 195 $40,275,000 $206,538
    Over 8% 146 $26,810,000 $183,630
    4-5% 97 $21,695,000 $223,660
    <2.5% 6 $1,880,000 $313,333
    2.5-3% 5 $1,195,000 $239,000
    3-4% 2 $250,000 $125,000

    During 2024, Minot's most frequently originated rate bucket was 6-7%, with 470 originations.

    Loan Sizing (Minot, ND MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 615 $172,605,000 $280,659
    $100k-200k 369 $56,325,000 $152,642
    $100,000 or less 278 $15,170,000 $54,568
    $400k-600k 84 $38,870,000 $462,738
    $600k-1000k 16 $11,730,000 $733,125
    $Over $1MM 5 $16,635,000 $3,327,000

    Minot's loan sizing saw the bucket of loans from $200k-400k with 615 originations, totaling $172,605,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 640 $162,460,000 $253,844
    60-80% 176 $51,530,000 $292,784
    Under 20% 124 $5,930,000 $47,823
    20-40% 106 $10,780,000 $101,698
    Over 100% 102 $29,520,000 $289,412
    40-60% 74 $15,100,000 $204,054

    Minot's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 640 originations, totaling $162,460,000 in origination value.