MONROE Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Monroe averaged
6.84%
for the week of 2025-04-24, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-04-17) was
7.06% and
one month ago for the week of 2025-03-20, the
average rate was 6.6%.
Monroe's average rate one year ago was 7.33%.
For refis of the same type during the week of 2025-04-24, the average rate
was 7.35%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MONROE, MI.
MONROE 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 MONROE, MI 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.).
MONROE Average Closing Costs & Other Stats
MONROE, MI's 115 lenders originated 3,505
loans during 2024. The total origination value was $622,015,000, with an average loan value of
$177,465.
MONROE's average closing costs are $4,651.
The top MONROE lender as defined by loan originations is QUICKEN LOANS, LLC, with
150 loans originated. Their average total fees are
$5,225, which is $273
lower than the next largest lender,
AMERICAN FINANCIAL NETWORK, INC..
The lowest fee MONROE lenders (with over 10 loans originated) are
MONROE COUNTY COMMUNITY CREDIT UNION ($2,812), TLC COMMUNITY Credit Union ($2,959), Directions Credit Union, Inc. ($3,136), First Federal Bank of the Midwest ($3,375) and LAKE MICHIGAN CREDIT UNION ($3,480).
The lowest rate MONROE lenders (with over 10 loans originated) are
MORTGAGE CENTER L.C (6.34%), JPMorgan Chase Bank (6.52%), Directions Credit Union, Inc. (6.53%), TLC COMMUNITY Credit Union (6.56%) and First Federal Bank of the Midwest (6.59%).
MONROE, MI 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $42,125,000 | $60,560,000 | 43.8% | 9.7% |
| AMERICAN FINANCIAL NETWORK, INC. | $38,475,000 | $50,110,000 | 30.2% | 8.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $34,585,000 | $44,495,000 | 28.7% | 7.2% |
| The Huntington National Bank | $35,140,000 | $37,615,000 | 7.0% | 6.0% |
| UNION HOME MORTGAGE CORP. | $18,215,000 | $25,495,000 | 40.0% | 4.1% |
| First Merchants Bank | $18,815,000 | $23,595,000 | 25.4% | 3.8% |
| Directions Credit Union, Inc. | $17,465,000 | $20,415,000 | 16.9% | 3.3% |
| Fifth Third Bank | $17,350,000 | $18,940,000 | 9.2% | 3.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $13,405,000 | $15,025,000 | 12.1% | 2.4% |
| MORTGAGE 1 INCORPORATED | $13,645,000 | $13,720,000 | 0.5% | 2.2% |
| Mortgage Research Center, LLC | $7,600,000 | $13,235,000 | 74.1% | 2.1% |
| DFCU FINANCIAL | $6,750,000 | $13,150,000 | 94.8% | 2.1% |
| GreenStone Farm Credit Services, FLCA | $5,630,000 | $11,940,000 | 112.1% | 1.9% |
| MONROE COUNTY COMMUNITY CREDIT UNION | $8,660,000 | $10,465,000 | 20.8% | 1.7% |
| CMG MORTGAGE, INC. | $1,580,000 | $9,675,000 | 512.3% | 1.6% |
| KeyBank | $7,575,000 | $9,665,000 | 27.6% | 1.6% |
| PNC Bank | $8,675,000 | $7,295,000 | -15.9% | 1.2% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $5,080,000 | $7,090,000 | 39.6% | 1.1% |
| Civista Bank | $785,000 | $6,725,000 | 756.7% | 1.1% |
| JPMorgan Chase Bank | $2,905,000 | $6,695,000 | 130.5% | 1.1% |
| Flagstar Bank, FSB | $5,715,000 | $6,465,000 | 13.1% | 1.0% |
| LAKE MICHIGAN CREDIT UNION | $5,150,000 | $6,440,000 | 25.0% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,070,000 | $6,050,000 | 48.6% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $1,455,000 | $5,910,000 | 306.2% | 1.0% |
| First Federal Bank of the Midwest | $5,080,000 | $5,640,000 | 11.0% | 0.9% |
| STAUNTON FINANCIAL, INC. | $6,800,000 | $5,440,000 | -20.0% | 0.9% |
| Citizens Bank | $8,550,000 | $5,415,000 | -36.7% | 0.9% |
| Old National Bank | $6,440,000 | $5,385,000 | -16.4% | 0.9% |
| NEWREZ LLC | $3,015,000 | $5,340,000 | 77.1% | 0.9% |
| GUARANTEED RATE, INC. | $3,810,000 | $5,055,000 | 32.7% | 0.8% |
| EQUITY RESOURCES, INC. | $4,690,000 | $4,545,000 | -3.1% | 0.7% |
| THE MORTGAGE LINK, INC. | $1,975,000 | $4,485,000 | 127.1% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $5,590,000 | $4,420,000 | -20.9% | 0.7% |
| MORTGAGE CENTER L.C | $2,620,000 | $4,340,000 | 65.6% | 0.7% |
| MID AMERICA MORTGAGE, INC. | $2,045,000 | $4,275,000 | 109.0% | 0.7% |
| 21ST MORTGAGE CORPORATION | $2,555,000 | $4,215,000 | 65.0% | 0.7% |
| INSPIRE HOME LOANS INC. | $745,000 | $3,875,000 | 420.1% | 0.6% |
| LOANDEPOT.COM, LLC | $2,660,000 | $3,760,000 | 41.4% | 0.6% |
| GVC MORTGAGE, INC. | $2,495,000 | $3,585,000 | 43.7% | 0.6% |
| TRIAD FINANCIAL SERVICES, INC. | $5,160,000 | $3,470,000 | -32.8% | 0.6% |
| BROKER SOLUTIONS, INC. | $2,350,000 | $3,070,000 | 30.6% | 0.5% |
| VILLAGE CAPITAL MORTGAGE | $165,000 | $3,055,000 | 1,751.5% | 0.5% |
| TLC COMMUNITY Credit Union | $3,430,000 | $2,910,000 | -15.2% | 0.5% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,760,000 | $2,730,000 | 55.1% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $3,695,000 | $2,615,000 | -29.2% | 0.4% |
| NFM, INC. | $815,000 | $2,530,000 | 210.4% | 0.4% |
| The Genoa Banking Company | $2,175,000 | $2,485,000 | 14.3% | 0.4% |
| RUOFF MORTGAGE COMPANY, INC. | $750,000 | $2,340,000 | 212.0% | 0.4% |
| ROSS MORTGAGE CORPORATION | $2,360,000 | $2,275,000 | -3.6% | 0.4% |
| Providence Bank & Trust | $515,000 | $2,265,000 | 339.8% | 0.4% |
| FINANCIAL PLUS CREDIT UNION | $2,255,000 | n/a | 0.4% | |
| Signature Bank, N.A. | $1,180,000 | $2,105,000 | 78.4% | 0.3% |
| The Loan Store, Inc. | $615,000 | $2,085,000 | 239.0% | 0.3% |
| BLG HOLDINGS, INC. | $1,910,000 | $1,915,000 | 0.3% | 0.3% |
| Bank of America | $1,315,000 | $1,880,000 | 43.0% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $3,250,000 | $1,865,000 | -42.6% | 0.3% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $1,785,000 | $1,835,000 | 2.8% | 0.3% |
| MICHIGAN MUTUAL, INC. | $1,155,000 | $1,805,000 | 56.3% | 0.3% |
| U.S. Bank | $540,000 | $1,720,000 | 218.5% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $300,000 | $1,670,000 | 456.7% | 0.3% |
| ZILLOW HOME LOANS, LLC | $195,000 | $1,630,000 | 735.9% | 0.3% |
| PHH Mortgage Corporation | $1,580,000 | n/a | 0.3% | |
| ADVANTAGE ONE Credit Union | $765,000 | $1,460,000 | 90.8% | 0.2% |
| MICHIGAN FIRST CREDIT UNION | $1,085,000 | $1,440,000 | 32.7% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $2,325,000 | $1,400,000 | -39.8% | 0.2% |
| The State Bank and Trust Company | $400,000 | $1,380,000 | 245.0% | 0.2% |
| SUN Federal Credit Union | $2,335,000 | $1,325,000 | -43.3% | 0.2% |
| ADVIA | $500,000 | $1,305,000 | 161.0% | 0.2% |
| Carrington Mortgage Services, LLC | $1,075,000 | $1,305,000 | 21.4% | 0.2% |
| Plains Commerce Bank | $235,000 | $1,260,000 | 436.2% | 0.2% |
| The Dart Bank | $1,280,000 | $1,215,000 | -5.1% | 0.2% |
| First Federal Savings and Loan Association of Lakewood | $1,795,000 | $1,175,000 | -34.5% | 0.2% |
| CREDIT UNION ONE | $620,000 | $1,150,000 | 85.5% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $2,510,000 | $1,100,000 | -56.2% | 0.2% |
| Mercantile Bank of Michigan | $610,000 | $1,100,000 | 80.3% | 0.2% |
| Bank of Ann Arbor | $2,625,000 | $1,045,000 | -60.2% | 0.2% |
| Equity Prime Mortgage LLC | $435,000 | $1,025,000 | 135.6% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $500,000 | $1,025,000 | 105.0% | 0.2% |
| Figure Lending LLC | $825,000 | $990,000 | 20.0% | 0.2% |
| TJC Mortgage, Inc. | $985,000 | n/a | 0.2% | |
| Public Service Credit Union | $555,000 | $975,000 | 75.7% | 0.2% |
| PLANET HOME LENDING, LLC | $205,000 | $960,000 | 368.3% | 0.2% |
| University Bank | $3,010,000 | $930,000 | -69.1% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $910,000 | n/a | 0.1% | |
| Discover Bank | $1,195,000 | $880,000 | -26.4% | 0.1% |
| Waterford Bank, N.A. | $1,500,000 | $850,000 | -43.3% | 0.1% |
| Wells Fargo Bank | $1,355,000 | $845,000 | -37.6% | 0.1% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $550,000 | $835,000 | 51.8% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $825,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $1,390,000 | $820,000 | -41.0% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,475,000 | $805,000 | -45.4% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $285,000 | $780,000 | 173.7% | 0.1% |
| First State Bank | $340,000 | $765,000 | 125.0% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $755,000 | n/a | 0.1% | |
| MEMBER FIRST MORTGAGE, LLC | $205,000 | $725,000 | 253.7% | 0.1% |
| LIMA ONE CAPITAL, LLC | $685,000 | n/a | 0.1% | |
| Independent Bank | $740,000 | $670,000 | -9.5% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,390,000 | $660,000 | -52.5% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $950,000 | $655,000 | -31.1% | 0.1% |
| Prosperity Home Mortgage, LLC | $135,000 | $630,000 | 366.7% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $265,000 | $600,000 | 126.4% | 0.1% |
| Nations Lending Corporation | $840,000 | $575,000 | -31.5% | 0.1% |
| NMSI, INC. | $575,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $135,000 | $550,000 | 307.4% | 0.1% |
| Ally Bank | $425,000 | $540,000 | 27.1% | 0.1% |
| BETTER MORTGAGE CORPORATION | $530,000 | n/a | 0.1% | |
| COMMUNITY FINANCIAL CREDIT UNION | $1,540,000 | $530,000 | -65.6% | 0.1% |
| CORNERSTONE COMMUNITY FINANCIAL | $80,000 | $515,000 | 543.8% | 0.1% |
| GENISYS | $1,520,000 | $500,000 | -67.1% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $495,000 | n/a | 0.1% | |
| The Union Bank Company | $495,000 | n/a | 0.1% | |
| Heritage Bank | $485,000 | n/a | 0.1% | |
| Devon Bank | $465,000 | n/a | 0.1% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $465,000 | n/a | 0.1% | |
| Zeal Credit Union | $365,000 | $450,000 | 23.3% | 0.1% |
| PREMIA MORTGAGE, LLC | $880,000 | $445,000 | -49.4% | 0.1% |
| VIBE CREDIT UNION | $370,000 | $445,000 | 20.3% | 0.1% |
| AMERICAN FINANCING CORPORATION | $105,000 | $435,000 | 314.3% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $275,000 | $435,000 | 58.2% | 0.1% |
| Goldwater Bank, N.A. | $425,000 | n/a | 0.1% | |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $1,940,000 | $415,000 | -78.6% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $565,000 | $415,000 | -26.5% | 0.1% |
| Southern Michigan Bank & Trust | $405,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $195,000 | $400,000 | 105.1% | 0.1% |
| COMMUNITY CHOICE CREDIT UNION | $210,000 | $395,000 | 88.1% | 0.1% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $1,460,000 | $395,000 | -72.9% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $390,000 | n/a | 0.1% | |
| ARBOR FINANCIAL CREDIT UNION | $385,000 | n/a | 0.1% | |
| Preston Home Loans Inc | $485,000 | $375,000 | -22.7% | 0.1% |
| CLEARPATH LENDING | $165,000 | $370,000 | 124.2% | 0.1% |
| GENEVA FINANCIAL, LLC | $365,000 | n/a | 0.1% | |
| Simmons Bank | $355,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $500,000 | $345,000 | -31.0% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $55,000 | $340,000 | 518.2% | 0.1% |
| GREENWOOD | $100,000 | $340,000 | 240.0% | 0.1% |
| First Federal Bank | $325,000 | n/a | 0.1% | |
| Lakeview Community Capital, LLC | $35,000 | $325,000 | 828.6% | 0.1% |
| GSF Mortgage Corporation | $125,000 | $315,000 | 152.0% | 0.1% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $195,000 | $315,000 | 61.5% | 0.1% |
| NBKC BANK | $465,000 | $315,000 | -32.3% | 0.1% |
| GREENSTATE CREDIT UNION | $230,000 | $300,000 | 30.4% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $295,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $295,000 | n/a | 0.0% | |
| Sunflower Bank | $295,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $295,000 | n/a | 0.0% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $810,000 | $275,000 | -66.0% | 0.0% |
| Polish-American Federal Credit Union | $275,000 | n/a | 0.0% | |
| Superior Credit Union, Inc. | $270,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $265,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $155,000 | $255,000 | 64.5% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $95,000 | $245,000 | 157.9% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $245,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $245,000 | n/a | 0.0% | |
| Michigan Legacy Credit Union | $200,000 | $240,000 | 20.0% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $200,000 | $240,000 | 20.0% | 0.0% |
| Dearborn Federal Savings Bank | $235,000 | n/a | 0.0% | |
| Armed Forces Bank | $155,000 | $225,000 | 45.2% | 0.0% |
| Texana Bank | $225,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $215,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $495,000 | $215,000 | -56.6% | 0.0% |
| Michigan Educational Credit Union | $440,000 | $215,000 | -51.1% | 0.0% |
| MILEND, INC. | $215,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP | $215,000 | n/a | 0.0% | |
| Coastal Community Bank | $295,000 | $210,000 | -28.8% | 0.0% |
| Comerica Bank | $415,000 | $210,000 | -49.4% | 0.0% |
| DAS Acquisition Company, LLC | $2,115,000 | $205,000 | -90.3% | 0.0% |
| Morgan Stanley Private Bank | $205,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $690,000 | $205,000 | -70.3% | 0.0% |
| American 1 Credit Union | $45,000 | $200,000 | 344.4% | 0.0% |
| Lake Trust Credit Union | $465,000 | $195,000 | -58.1% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $185,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $185,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $185,000 | n/a | 0.0% | |
| MEMBERFOCUS COMMUNITY | $460,000 | $180,000 | -60.9% | 0.0% |
| AmeriHome Mortgage Company, LLC | $325,000 | $175,000 | -46.2% | 0.0% |
| SIRVA MORTGAGE, INC. | $175,000 | n/a | 0.0% | |
| The Federal Savings Bank | $680,000 | $175,000 | -74.3% | 0.0% |
| CITIZENS EQUITY FIRST | $165,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $675,000 | $150,000 | -77.8% | 0.0% |
| Citadel Servicing Corporation | $145,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $95,000 | $145,000 | 52.6% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $145,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $135,000 | $135,000 | 0.0% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $135,000 | n/a | 0.0% | |
| LOANPAL, LLC | $130,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $440,000 | $125,000 | -71.6% | 0.0% |
| Honor Credit Union | $125,000 | n/a | 0.0% | |
| Brighton Bank | $115,000 | n/a | 0.0% | |
| WRIGHT-PATT CREDIT UNION, INC. | $115,000 | n/a | 0.0% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,575,000 | $105,000 | -98.4% | 0.0% |
| GUILD MORTGAGE COMPANY | $105,000 | n/a | 0.0% | |
| The State Bank | $65,000 | n/a | 0.0% | |
| Citibank | $45,000 | n/a | 0.0% | |
| Centier Bank | $65,000 | $35,000 | -46.2% | 0.0% |
| EVANSVILLE TEACHERS | $35,000 | n/a | 0.0% | |
| GreenStone Farm Credit Services, ACA | $35,000 | n/a | 0.0% | |
| Meijer Credit Union | $250,000 | $35,000 | -86.0% | 0.0% |
| The Farmers & Merchants State Bank | $425,000 | $25,000 | -94.1% | 0.0% |
| Dort Financial Credit Union | $15,000 | n/a | 0.0% |
MONROE's top lender by overall market share is QUICKEN LOANS, LLC, with 9.7% market share. In second place, with 8.1%, is AMERICAN FINANCIAL NETWORK, INC., having originated $50,110,000 in loans. In third place, with 7.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $44,495,000 in loans. In fourth place, with 6.0%, is The Huntington National Bank, having originated $37,615,000 in loans. In fifth place, with 4.1%, is UNION HOME MORTGAGE CORP., having originated $25,495,000 in loans.
MONROE Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - MONROE (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 | $169,175 (2.5%) | $210,985 (7.4%) | 0.63 | 443 |
| 2018-02-01 | $172,150 (3.7%) | $211,571 (6.0%) | 0.63 | 425 |
| 2018-03-01 | $187,000 (13.4%) | $217,793 (10.1%) | 0.66 | 406 |
| 2018-04-01 | $197,400 (16.2%) | $219,405 (7.5%) | 0.67 | 420 |
| 2018-05-01 | $199,225 (10.7%) | $220,592 (2.4%) | 0.67 | 436 |
| 2018-06-01 | $199,999 (6.7%) | $226,780 (2.3%) | 0.67 | 497 |
| 2018-07-01 | $216,400 (8.9%) | $229,790 (2.4%) | 0.72 | 538 |
| 2018-08-01 | $211,450 (19.2%) | $223,929 (2.6%) | 0.71 | 587 |
| 2018-09-01 | $199,450 (10.9%) | $223,200 (2.4%) | 0.67 | 577 |
| 2018-10-01 | $196,000 (8.9%) | $220,866 (0.8%) | 0.66 | 534 |
| 2018-11-01 | $201,838 (14.0%) | $222,688 (4.0%) | 0.68 | 498 |
| 2018-12-01 | $194,900 (18.9%) | $221,852 (5.7%) | 0.67 | 460 |
| 2019-01-01 | $187,450 (10.8%) | $222,207 (5.3%) | 0.65 | 444 |
| 2019-02-01 | $196,925 (14.4%) | $226,595 (7.1%) | 0.67 | 432 |
| 2019-03-01 | $203,614 (8.9%) | $228,108 (4.7%) | 0.67 | 417 |
| 2019-04-01 | $209,900 (6.3%) | $228,921 (4.3%) | 0.67 | 414 |
| 2019-05-01 | $199,900 (0.3%) | $232,337 (5.3%) | 0.62 | 421 |
| 2019-06-01 | $203,900 (2.0%) | $233,873 (3.1%) | 0.64 | 458 |
| 2019-07-01 | $210,195 (-2.9%) | $238,457 (3.8%) | 0.66 | 493 |
| 2019-08-01 | $207,173 (-2.0%) | $235,591 (5.2%) | 0.66 | 497 |
| 2019-09-01 | $203,082 (1.8%) | $234,180 (4.9%) | 0.65 | 493 |
| 2019-10-01 | $202,855 (3.5%) | $235,095 (6.4%) | 0.65 | 491 |
| 2019-11-01 | $201,490 (-0.2%) | $233,127 (4.7%) | 0.66 | 501 |
| 2019-12-01 | $199,900 (2.6%) | $226,863 (2.3%) | 0.67 | 452 |
| 2020-01-01 | $199,900 (6.6%) | $227,342 (2.3%) | 0.67 | 388 |
| 2020-02-01 | $209,950 (6.6%) | $235,558 (4.0%) | 0.69 | 342 |
| 2020-03-01 | $209,950 (3.1%) | $240,615 (5.5%) | 0.66 | 294 |
| 2020-04-01 | $204,900 (-2.4%) | $225,136 (-1.7%) | 0.64 | 265 |
| 2020-05-01 | $199,000 (-0.5%) | $228,038 (-1.9%) | 0.60 | 281 |
| 2020-06-01 | $221,950 (8.9%) | $237,540 (1.6%) | 0.65 | 264 |
| 2020-07-01 | $227,400 (8.2%) | $244,771 (2.7%) | 0.66 | 241 |
| 2020-08-01 | $239,900 (15.8%) | $254,669 (8.1%) | 0.69 | 247 |
| 2020-09-01 | $238,950 (17.7%) | $255,979 (9.3%) | 0.68 | 221 |
| 2020-10-01 | $229,900 (13.3%) | $251,786 (7.1%) | 0.66 | 223 |
| 2020-11-01 | $240,088 (19.2%) | $260,915 (11.9%) | 0.70 | 212 |
| 2020-12-01 | $229,900 (15.0%) | $261,655 (15.3%) | 0.68 | 204 |
| 2021-01-01 | $230,000 (15.1%) | $261,028 (14.8%) | 0.69 | 174 |
| 2021-02-01 | $246,473 (17.4%) | $268,798 (14.1%) | 0.72 | 157 |
| 2021-03-01 | $239,950 (14.3%) | $269,690 (12.1%) | 0.68 | 143 |
| 2021-04-01 | $260,630 (27.2%) | $289,398 (28.5%) | 0.71 | 152 |
| 2021-05-01 | $256,905 (29.1%) | $278,481 (22.1%) | 0.68 | 150 |
| 2021-06-01 | $256,175 (15.4%) | $280,627 (18.1%) | 0.67 | 190 |
| 2021-07-01 | $245,000 (7.7%) | $281,278 (14.9%) | 0.65 | 205 |
| 2021-08-01 | $248,050 (3.4%) | $281,802 (10.7%) | 0.66 | 243 |
| 2021-09-01 | $246,200 (3.0%) | $282,759 (10.5%) | 0.66 | 235 |
| 2021-10-01 | $239,900 (4.4%) | $281,833 (11.9%) | 0.64 | 210 |
| 2021-11-01 | $239,925 (-0.1%) | $282,363 (8.2%) | 0.64 | 198 |
| 2021-12-01 | $234,900 (2.2%) | $287,897 (10.0%) | 0.64 | 176 |
| 2022-01-01 | $234,900 (2.1%) | $289,639 (11.0%) | 0.64 | 164 |
| 2022-02-01 | $251,500 (2.0%) | $298,795 (11.2%) | 0.65 | 141 |
| 2022-03-01 | $250,750 (4.5%) | $300,272 (11.3%) | 0.63 | 121 |
| 2022-04-01 | $254,000 (-2.5%) | $303,202 (4.8%) | 0.61 | 126 |
| 2022-05-01 | $259,925 (1.2%) | $313,737 (12.7%) | 0.59 | 153 |
| 2022-06-01 | $274,950 (7.3%) | $319,707 (13.9%) | 0.61 | 183 |
| 2022-07-01 | $275,000 (12.2%) | $315,035 (12.0%) | 0.62 | 227 |
| 2022-08-01 | $246,650 (-0.6%) | $292,199 (3.7%) | 0.57 | 251 |
| 2022-09-01 | $264,725 (7.5%) | $300,343 (6.2%) | 0.62 | 232 |
| 2022-10-01 | $259,200 (8.1%) | $292,717 (3.9%) | 0.61 | 224 |
| 2022-11-01 | $267,500 (11.5%) | $298,588 (5.8%) | 0.64 | 221 |
| 2022-12-01 | $279,850 (19.1%) | $311,298 (8.1%) | 0.69 | 197 |
| 2023-01-01 | $275,900 (17.5%) | $306,128 (5.7%) | 0.68 | 184 |
| 2023-02-01 | $265,000 (5.4%) | $306,604 (2.6%) | 0.64 | 169 |
| 2023-03-01 | $267,000 (6.5%) | $299,210 (-0.4%) | 0.63 | 139 |
| 2023-04-01 | $269,900 (6.3%) | $305,585 (0.8%) | 0.63 | 143 |
| 2023-05-01 | $279,300 (7.5%) | $313,670 (0.0%) | 0.63 | 162 |
| 2023-06-01 | $296,365 (7.8%) | $326,291 (2.1%) | 0.67 | 163 |
| 2023-07-01 | $295,000 (7.3%) | $347,518 (10.3%) | 0.67 | 168 |
| 2023-08-01 | $289,250 (17.3%) | $339,244 (16.1%) | 0.66 | 192 |
| 2023-09-01 | $299,900 (13.3%) | $349,063 (16.2%) | 0.70 | 198 |
| 2023-10-01 | $275,000 (6.1%) | $326,916 (11.7%) | 0.65 | 200 |
| 2023-11-01 | $276,200 (3.3%) | $322,622 (8.1%) | 0.66 | 237 |
| 2023-12-01 | $275,000 (-1.7%) | $326,898 (5.0%) | 0.67 | 240 |
| 2024-01-01 | $266,388 (-3.5%) | $317,653 (3.8%) | 0.65 | 222 |
| 2024-02-01 | $274,475 (3.6%) | $329,687 (7.5%) | 0.66 | 201 |
| 2024-03-01 | $279,400 (4.6%) | $336,768 (12.6%) | 0.66 | 167 |
| 2024-04-01 | $277,200 (2.7%) | $342,803 (12.2%) | 0.64 | 157 |
| 2024-05-01 | $272,788 (-2.3%) | $368,674 (17.5%) | 0.62 | 175 |
| 2024-06-01 | $299,900 (1.2%) | $380,099 (16.5%) | 0.68 | 192 |
| 2024-07-01 | $299,450 (1.5%) | $374,316 (7.7%) | 0.68 | 215 |
| 2024-08-01 | $294,900 (2.0%) | $365,309 (7.7%) | 0.69 | 244 |
| 2024-09-01 | $288,675 (-3.7%) | $357,400 (2.4%) | 0.68 | 257 |
| 2024-10-01 | $284,950 (3.6%) | $342,758 (4.9%) | 0.67 | 266 |
| 2024-11-01 | $279,450 (1.2%) | $334,950 (3.8%) | 0.67 | 258 |
| 2024-12-01 | $277,968 (1.1%) | $327,223 (0.1%) | 0.69 | 225 |
| 2025-01-01 | $274,900 (3.2%) | $332,461 (4.7%) | 0.69 | 201 |
| 2025-02-01 | $297,450 (8.4%) | $348,328 (5.7%) | 0.72 | 196 |
| 2025-03-01 | $299,900 (7.3%) | $361,814 (7.4%) | 0.71 | 188 |
MONROE's median listing price for 2025-03-01 was $299,900, a difference of
$20,500
(7.3%) versus the prior year and
$2,450 versus the prior month.
MONROE's median listing price comes in at 71% of the national average.
MONROE's average listing price for 2025-03-01 was $361,814, a difference of $25,046 (7.4%) versus the prior year and $13,486 versus the prior month.
For the 2025-03-01 period, MONROE had 188 MLS listings, a difference of -8 listings (-4%) versus the prior month and 21 listings (13%) versus the prior year.
MONROE's median listing price comes in at 71% of the national average.
MONROE's average listing price for 2025-03-01 was $361,814, a difference of $25,046 (7.4%) versus the prior year and $13,486 versus the prior month.
For the 2025-03-01 period, MONROE had 188 MLS listings, a difference of -8 listings (-4%) versus the prior month and 21 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - MONROE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 83 days | 1,644 sqft |
| 2018-02-01 | 84 days | 1,622 sqft |
| 2018-03-01 | 72 days | 1,641 sqft |
| 2018-04-01 | 50 days | 1,684 sqft |
| 2018-05-01 | 47 days | 1,699 sqft |
| 2018-06-01 | 44 days | 1,726 sqft |
| 2018-07-01 | 45 days | 1,759 sqft |
| 2018-08-01 | 45 days | 1,734 sqft |
| 2018-09-01 | 52 days | 1,691 sqft |
| 2018-10-01 | 59 days | 1,684 sqft |
| 2018-11-01 | 71 days | 1,686 sqft |
| 2018-12-01 | 80 days | 1,705 sqft |
| 2019-01-01 | 89 days | 1,678 sqft |
| 2019-02-01 | 89 days | 1,700 sqft |
| 2019-03-01 | 69 days | 1,716 sqft |
| 2019-04-01 | 53 days | 1,734 sqft |
| 2019-05-01 | 46 days | 1,705 sqft |
| 2019-06-01 | 49 days | 1,732 sqft |
| 2019-07-01 | 44 days | 1,766 sqft |
| 2019-08-01 | 48 days | 1,753 sqft |
| 2019-09-01 | 54 days | 1,742 sqft |
| 2019-10-01 | 53 days | 1,735 sqft |
| 2019-11-01 | 54 days | 1,715 sqft |
| 2019-12-01 | 70 days | 1,697 sqft |
| 2020-01-01 | 86 days | 1,699 sqft |
| 2020-02-01 | 94 days | 1,702 sqft |
| 2020-03-01 | 104 days | 1,675 sqft |
| 2020-04-01 | 92 days | 1,636 sqft |
| 2020-05-01 | 67 days | 1,629 sqft |
| 2020-06-01 | 47 days | 1,669 sqft |
| 2020-07-01 | 46 days | 1,675 sqft |
| 2020-08-01 | 46 days | 1,706 sqft |
| 2020-09-01 | 48 days | 1,734 sqft |
| 2020-10-01 | 50 days | 1,737 sqft |
| 2020-11-01 | 54 days | 1,728 sqft |
| 2020-12-01 | 51 days | 1,662 sqft |
| 2021-01-01 | 63 days | 1,684 sqft |
| 2021-02-01 | 56 days | 1,689 sqft |
| 2021-03-01 | 49 days | 1,669 sqft |
| 2021-04-01 | 30 days | 1,681 sqft |
| 2021-05-01 | 43 days | 1,675 sqft |
| 2021-06-01 | 29 days | 1,664 sqft |
| 2021-07-01 | 31 days | 1,664 sqft |
| 2021-08-01 | 29 days | 1,659 sqft |
| 2021-09-01 | 37 days | 1,659 sqft |
| 2021-10-01 | 46 days | 1,680 sqft |
| 2021-11-01 | 57 days | 1,621 sqft |
| 2021-12-01 | 54 days | 1,526 sqft |
| 2022-01-01 | 48 days | 1,544 sqft |
| 2022-02-01 | 54 days | 1,566 sqft |
| 2022-03-01 | 53 days | 1,601 sqft |
| 2022-04-01 | 46 days | 1,662 sqft |
| 2022-05-01 | 25 days | 1,736 sqft |
| 2022-06-01 | 26 days | 1,774 sqft |
| 2022-07-01 | 31 days | 1,752 sqft |
| 2022-08-01 | 31 days | 1,642 sqft |
| 2022-09-01 | 42 days | 1,638 sqft |
| 2022-10-01 | 50 days | 1,617 sqft |
| 2022-11-01 | 53 days | 1,632 sqft |
| 2022-12-01 | 55 days | 1,650 sqft |
| 2023-01-01 | 62 days | 1,666 sqft |
| 2023-02-01 | 55 days | 1,653 sqft |
| 2023-03-01 | 49 days | 1,642 sqft |
| 2023-04-01 | 42 days | 1,642 sqft |
| 2023-05-01 | 32 days | 1,661 sqft |
| 2023-06-01 | 35 days | 1,708 sqft |
| 2023-07-01 | 37 days | 1,731 sqft |
| 2023-08-01 | 34 days | 1,684 sqft |
| 2023-09-01 | 33 days | 1,757 sqft |
| 2023-10-01 | 38 days | 1,698 sqft |
| 2023-11-01 | 37 days | 1,699 sqft |
| 2023-12-01 | 46 days | 1,696 sqft |
| 2024-01-01 | 58 days | 1,649 sqft |
| 2024-02-01 | 66 days | 1,700 sqft |
| 2024-03-01 | 52 days | 1,664 sqft |
| 2024-04-01 | 45 days | 1,657 sqft |
| 2024-05-01 | 40 days | 1,668 sqft |
| 2024-06-01 | 39 days | 1,677 sqft |
| 2024-07-01 | 31 days | 1,719 sqft |
| 2024-08-01 | 33 days | 1,739 sqft |
| 2024-09-01 | 40 days | 1,720 sqft |
| 2024-10-01 | 45 days | 1,687 sqft |
| 2024-11-01 | 52 days | 1,624 sqft |
| 2024-12-01 | 56 days | 1,602 sqft |
| 2025-01-01 | 67 days | 1,623 sqft |
| 2025-02-01 | 70 days | 1,699 sqft |
| 2025-03-01 | 52 days | 1,701 sqft |
MONROE's median listing age (time on market) for 2025-03-01 was 52 days.
This
is 0%
longer
than the same period one year ago.
MONROE's median square footage for active listings during the 2025-03-01 period was 1,701 sqft. One year prior, the average listing was 1,664 sqft.
MONROE's median square footage for active listings during the 2025-03-01 period was 1,701 sqft. One year prior, the average listing was 1,664 sqft.
MONROE, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,753 | $402,355,000 | $229,524 |
| Home Improvement | 452 | $31,580,000 | $69,867 |
| Refi | 449 | $83,345,000 | $185,624 |
| Cash Out Refi | 441 | $68,745,000 | $155,884 |
| Other | 410 | $35,990,000 | $87,780 |
Monroe's most frequently cited loan purpose was Home Purchase, with 1,753 originations. The 2nd most popular reason was Home Improvement, with 452 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,392 | $307,170,000 | $220,668 |
| Over 8% | 913 | $76,375,000 | $83,653 |
| 7-8% | 780 | $143,720,000 | $184,256 |
| 5-6% | 329 | $83,185,000 | $252,842 |
| <2.5% | 22 | $180,000 | $8,182 |
| 4-5% | 22 | $4,190,000 | $190,455 |
| 2.5-3% | 3 | $795,000 | $265,000 |
| 3-4% | 1 | $205,000 | $205,000 |
During 2024, Monroe's most frequently originated rate bucket was 6-7%, with 1,392 originations.
Loan Sizing (MONROE, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,174 | $63,790,000 | $54,336 |
| $200k-400k | 1,099 | $303,275,000 | $275,955 |
| $100k-200k | 1,061 | $157,505,000 | $148,450 |
| $400k-600k | 133 | $63,085,000 | $474,323 |
| $600k-1000k | 33 | $22,895,000 | $693,788 |
| $Over $1MM | 5 | $11,465,000 | $2,293,000 |
MONROE's loan sizing saw the bucket of loans from $100,000 or less with 1,174 originations, totaling $63,790,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,309 | $321,625,000 | $245,703 |
| 60-80% | 618 | $145,070,000 | $234,741 |
| Under 20% | 562 | $24,500,000 | $43,594 |
| 20-40% | 548 | $48,770,000 | $88,996 |
| 40-60% | 307 | $47,495,000 | $154,707 |
| Over 100% | 38 | $10,760,000 | $283,158 |
MONROE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,309 originations, totaling $321,625,000 in origination value.