Opelousas Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Opelousas averaged
6.7%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.4% and
one month ago for the week of 2024-09-05, the
average rate was 6.83%.
Opelousas's average rate one year ago was 7.87%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.42%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Opelousas 30 Year Fixed Rate | 2024-10-10 | 6.7% |
Opelousas 30 Year Fixed Rate Refi | 2024-10-10 | 6.42% |
Opelousas 15 Year Fixed Rate | 2024-10-10 | 5.61% |
Opelousas 15 Year Fixed Rate Refi | 2024-10-10 | 6.01% |
Opelousas 30 Year FHA | 2024-10-10 | 5.71% |
Opelousas 30 Year FHA Refi | 2024-10-10 | 6.1% |
Opelousas 30 Year USDA | 2024-10-10 | 5.98% |
Opelousas 30 Year USDA Refi | 2024-10-10 | 5.88% |
Opelousas 30 Year VA | 2024-10-10 | 5.65% |
Opelousas 30 Year VA Refi | 2024-10-10 | 6.05% |
Opelousas 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 Opelousas, LA 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.).
Opelousas Average Closing Costs & Other Stats
Opelousas, LA's 54 lenders originated 831
loans during 2023. The total origination value was $140,875,000, with an average loan value of
$169,525.
Opelousas's average closing costs are $5,313.
The top Opelousas lender as defined by loan originations is GMFS LLC, with
33 loans originated. Their average total fees are
$5,222, which is $1,207
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Opelousas lenders (with over 10 loans originated) are
GMFS LLC ($5,222), UNITED WHOLESALE MORTGAGE, LLC ($6,036), QUICKEN LOANS, LLC ($6,428), PENNYMAC LOAN SERVICES, LLC ($6,527) and EUSTIS AND AMERICAN MORTGAGE COMPANY ($6,798).
The lowest rate Opelousas lenders (with over 10 loans originated) are
GMFS LLC (6.68%), PENNYMAC LOAN SERVICES, LLC (6.81%), QUICKEN LOANS, LLC (7.03%), EUSTIS AND AMERICAN MORTGAGE COMPANY (7.27%) and UNITED WHOLESALE MORTGAGE, LLC (7.36%).
Opelousas, LA 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 |
---|---|---|---|---|
GMFS LLC | $12,965,000 | $11,630,000 | -10.3% | 8.3% |
UNITED WHOLESALE MORTGAGE, LLC | $13,375,000 | $10,075,000 | -24.7% | 7.2% |
QUICKEN LOANS, LLC | $9,290,000 | $8,955,000 | -3.6% | 6.4% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $5,570,000 | $7,540,000 | 35.4% | 5.4% |
American Bank & Trust Company | $7,300,000 | n/a | 5.2% | |
DHI MORTGAGE COMPANY, LTD. | $1,285,000 | $5,520,000 | 329.6% | 3.9% |
PENNYMAC LOAN SERVICES, LLC | $3,480,000 | $4,545,000 | 30.6% | 3.2% |
21ST MORTGAGE CORPORATION | $3,835,000 | $3,755,000 | -2.1% | 2.7% |
The Evangeline Bank & Trust Company | $7,240,000 | $3,475,000 | -52.0% | 2.5% |
Assurance Financial Group, L.L.C. | $6,410,000 | $3,345,000 | -47.8% | 2.4% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,005,000 | $3,200,000 | -20.1% | 2.3% |
First Horizon Bank | $1,960,000 | $3,130,000 | 59.7% | 2.2% |
NEWREZ LLC | $295,000 | $2,335,000 | 691.5% | 1.7% |
FIDELITY BANK | $2,090,000 | $2,315,000 | 10.8% | 1.6% |
PLAZA HOME MORTGAGE, INC. | $1,225,000 | $2,195,000 | 79.2% | 1.6% |
Jeff Davis Bancshares | $2,980,000 | $2,090,000 | -29.9% | 1.5% |
Mortgage Research Center, LLC | $4,525,000 | $2,065,000 | -54.4% | 1.5% |
BANK OF SUNSET AND TRUST CO | $1,905,000 | n/a | 1.4% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $2,385,000 | $1,880,000 | -21.2% | 1.3% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $605,000 | $1,775,000 | 193.4% | 1.3% |
FREEDOM MORTGAGE CORPORATION | $1,140,000 | $1,490,000 | 30.7% | 1.1% |
UNION HOME MORTGAGE CORP. | $1,180,000 | $1,435,000 | 21.6% | 1.0% |
MID AMERICA MORTGAGE, INC. | $1,065,000 | $1,360,000 | 27.7% | 1.0% |
Abbeville Building & Loan (A State-Chartered Savings Bank) | $3,530,000 | $1,340,000 | -62.0% | 1.0% |
STANDARD MORTGAGE CORPORATION | $945,000 | $1,285,000 | 36.0% | 0.9% |
Rayne Building and Loan Association | $875,000 | $1,270,000 | 45.1% | 0.9% |
Hancock Whitney Bank | $3,275,000 | $1,255,000 | -61.7% | 0.9% |
CROSSCOUNTRY MORTGAGE, LLC | $1,205,000 | n/a | 0.9% | |
Equity Prime Mortgage LLC | $735,000 | $1,200,000 | 63.3% | 0.9% |
Community First Bank | $1,395,000 | $1,045,000 | -25.1% | 0.7% |
CSL Financial, LLC | $860,000 | $1,025,000 | 19.2% | 0.7% |
JPMorgan Chase Bank | $2,775,000 | $990,000 | -64.3% | 0.7% |
Bank of England | $765,000 | $965,000 | 26.1% | 0.7% |
Washington State Bank | $10,425,000 | $955,000 | -90.8% | 0.7% |
St Landry Bank & Trust Company | $790,000 | $950,000 | 20.3% | 0.7% |
GENEVA FINANCIAL, LLC | $1,935,000 | $910,000 | -53.0% | 0.6% |
LOANDEPOT.COM, LLC | $1,775,000 | $805,000 | -54.6% | 0.6% |
TRIAD FINANCIAL SERVICES, INC. | $1,870,000 | $765,000 | -59.1% | 0.5% |
THE MORTGAGE FIRM, INC. | $665,000 | n/a | 0.5% | |
Paramount Residential Mortgage Group, Inc. | $460,000 | $655,000 | 42.4% | 0.5% |
BankPlus | $350,000 | $635,000 | 81.4% | 0.5% |
NAVY FEDERAL CREDIT UNION | $1,445,000 | $615,000 | -57.4% | 0.4% |
Wells Fargo Bank | $795,000 | $615,000 | -22.6% | 0.4% |
United Community Bank | $85,000 | $610,000 | 617.6% | 0.4% |
Citizens Bank | $3,400,000 | $605,000 | -82.2% | 0.4% |
STOCKTON MORTGAGE CORPORATION | $605,000 | n/a | 0.4% | |
LIBERTY HOME MORTGAGE CORPORATION | $600,000 | n/a | 0.4% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $595,000 | n/a | 0.4% | |
Home Bank | $1,785,000 | $535,000 | -70.0% | 0.4% |
MERITUS Federal Credit Union | $755,000 | $535,000 | -29.1% | 0.4% |
AMERICAN FINANCIAL RESOURCES, INC. | $2,260,000 | $530,000 | -76.5% | 0.4% |
Renasant Bank | $520,000 | n/a | 0.4% | |
LENDSURE MORTGAGE CORP. | $505,000 | n/a | 0.4% | |
Victorian Finance, LLC | $505,000 | n/a | 0.4% | |
Plains Commerce Bank | $135,000 | $500,000 | 270.4% | 0.4% |
PLANET HOME LENDING, LLC | $1,110,000 | $490,000 | -55.9% | 0.3% |
Farmers-Merchants Bank & Trust Company | $1,670,000 | $475,000 | -71.6% | 0.3% |
Farmers State Bank & Trust Co. | $470,000 | n/a | 0.3% | |
Rayne State Bank & Trust Company | $1,025,000 | $465,000 | -54.6% | 0.3% |
MUTUAL OF OMAHA MORTGAGE, INC. | $450,000 | n/a | 0.3% | |
USAA Federal Savings Bank | $495,000 | $440,000 | -11.1% | 0.3% |
b1BANK | $555,000 | $405,000 | -27.0% | 0.3% |
Regions Bank | $55,000 | $380,000 | 590.9% | 0.3% |
SOUTHWEST STAGE FUNDING, LLC | $330,000 | $375,000 | 13.6% | 0.3% |
DSLD MORTGAGE, LLC | $235,000 | $365,000 | 55.3% | 0.3% |
Red River Bank | $420,000 | $365,000 | -13.1% | 0.3% |
The Bank | $980,000 | $355,000 | -63.8% | 0.3% |
RESIDENTIAL BANCORP | $350,000 | n/a | 0.2% | |
The First National Bank of Jeanerette | $1,455,000 | $345,000 | -76.3% | 0.2% |
First Guaranty Bank | $875,000 | $340,000 | -61.1% | 0.2% |
SOUTHPOINT FINANCIAL SERVICES, INC. | $135,000 | $325,000 | 140.7% | 0.2% |
CATAHOULA LASALLE BANK | $320,000 | n/a | 0.2% | |
MORTGAGE FINANCIAL SERVICES, LLC | $4,930,000 | $320,000 | -93.5% | 0.2% |
ACADEMY MORTGAGE CORPORATION | $315,000 | n/a | 0.2% | |
Gulf Coast Bank | $200,000 | $315,000 | 57.5% | 0.2% |
Investar Bank | $180,000 | $315,000 | 75.0% | 0.2% |
CSE Federal Credit Union | $295,000 | n/a | 0.2% | |
FIRST COMMUNITY MORTGAGE, INC. | $290,000 | n/a | 0.2% | |
CARDINAL FINANCIAL | $1,170,000 | $280,000 | -76.1% | 0.2% |
AMERICAN HERITAGE LENDING, INC. | $275,000 | n/a | 0.2% | |
UNITED BUILT HOMES, L.L.C. | $275,000 | n/a | 0.2% | |
CIS Financial Services, Inc. | $265,000 | n/a | 0.2% | |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $260,000 | n/a | 0.2% | |
Ally Bank | $135,000 | $255,000 | 88.9% | 0.2% |
CREDIT HUMAN FEDERAL CREDIT UNION | $170,000 | $250,000 | 47.1% | 0.2% |
Summit Mortgage Corporation | $250,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $330,000 | $245,000 | -25.8% | 0.2% |
EFCU FINANCIAL | $240,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $945,000 | $235,000 | -75.1% | 0.2% |
LEADERONE FINANCIAL CORPORATION | $240,000 | $235,000 | -2.1% | 0.2% |
Pelican State Credit Union | $2,185,000 | $235,000 | -89.2% | 0.2% |
Bank of America | $230,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $2,550,000 | $225,000 | -91.2% | 0.2% |
United Nations Federal Credit Union | $225,000 | n/a | 0.2% | |
BancorpSouth | $1,905,000 | $190,000 | -90.0% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $435,000 | $185,000 | -57.5% | 0.1% |
CLEARPATH LENDING | $175,000 | n/a | 0.1% | |
CORNERSTONE HOME LENDING, INC. | $175,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $505,000 | $175,000 | -65.3% | 0.1% |
ZILLOW HOME LOANS, LLC | $175,000 | n/a | 0.1% | |
BRECO Federal Credit Union | $170,000 | n/a | 0.1% | |
MOVEMENT MORTGAGE, LLC | $135,000 | $165,000 | 22.2% | 0.1% |
FINANCE OF AMERICA REVERSE LLC | $155,000 | n/a | 0.1% | |
Prosperity Home Mortgage, LLC | $155,000 | n/a | 0.1% | |
COUNTRYPLACE MORTGAGE, LTD. | $135,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $125,000 | n/a | 0.1% | |
Bank of Abbeville & Trust Company | $545,000 | $115,000 | -78.9% | 0.1% |
Gateway First Bank | $115,000 | n/a | 0.1% | |
LIMA ONE CAPITAL, LLC | $185,000 | $115,000 | -37.8% | 0.1% |
Discover Bank | $140,000 | $110,000 | -21.4% | 0.1% |
Gulf Coast Bank and Trust Company | $105,000 | n/a | 0.1% | |
MICHIGAN MUTUAL, INC. | $115,000 | $105,000 | -8.7% | 0.1% |
NP, Inc. | $105,000 | n/a | 0.1% | |
SPRING EQ, LLC | $105,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $105,000 | n/a | 0.1% | |
The Loan Store, Inc. | $105,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $475,000 | $95,000 | -80.0% | 0.1% |
NATIONS DIRECT MORTGAGE, LLC | $75,000 | n/a | 0.1% | |
Nations Lending Corporation | $600,000 | $75,000 | -87.5% | 0.1% |
ADVANCIAL | $150,000 | $65,000 | -56.7% | 0.0% |
AMERISAVE MORTGAGE CORPORATION | $1,680,000 | $65,000 | -96.1% | 0.0% |
Truist | $65,000 | n/a | 0.0% | |
Bank of Erath | $55,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $25,000 | $50,000 | 100.0% | 0.0% |
Coastal Community Bank | $45,000 | n/a | 0.0% | |
The Cottonport Bank | $690,000 | $45,000 | -93.5% | 0.0% |
First South Farm Credit, ACA | $35,000 | n/a | 0.0% | |
La Capitol Federal Credit Union | $130,000 | $35,000 | -73.1% | 0.0% |
Campus Federal Credit Union | $15,000 | n/a | 0.0% | |
Guaranty Bank and Trust Company | $135,000 | $15,000 | -88.9% | 0.0% |
Opelousas's top lender by overall market share is GMFS LLC, with 8.3% market share. In second place, with 7.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $10,075,000 in loans. In third place, with 6.4%, is QUICKEN LOANS, LLC, having originated $8,955,000 in loans. In fourth place, with 5.4%, is EUSTIS AND AMERICAN MORTGAGE COMPANY, having originated $7,540,000 in loans. In fifth place, with 5.2%, is American Bank & Trust Company, having originated $7,300,000 in loans.
Opelousas Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Opelousas (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $135,000 (-1.8%) | $187,158 (3.3%) | 0.00 | 274 |
2018-02-01 | $133,750 (-4.4%) | $187,467 (0.2%) | 0.00 | 281 |
2018-03-01 | $130,000 (-11.6%) | $191,078 (1.4%) | 0.00 | 293 |
2018-04-01 | $135,000 (-9.9%) | $193,173 (1.5%) | 0.00 | 287 |
2018-05-01 | $139,125 (-8.9%) | $204,388 (0.9%) | 0.00 | 281 |
2018-06-01 | $140,000 (-9.7%) | $202,844 (-3.2%) | 0.00 | 296 |
2018-07-01 | $139,800 (-6.7%) | $201,263 (-7.5%) | 0.00 | 307 |
2018-08-01 | $139,975 (-6.3%) | $202,748 (-1.9%) | 0.00 | 320 |
2018-09-01 | $140,775 (-2.9%) | $201,818 (2.8%) | 0.00 | 314 |
2018-10-01 | $140,000 (3.2%) | $200,624 (2.1%) | 0.00 | 326 |
2018-11-01 | $143,000 (2.2%) | $197,854 (1.2%) | 0.00 | 323 |
2018-12-01 | $146,500 (8.5%) | $200,870 (7.2%) | 0.00 | 309 |
2019-01-01 | $146,750 (8.7%) | $206,508 (10.3%) | 0.00 | 292 |
2019-02-01 | $147,500 (10.3%) | $198,082 (5.7%) | 0.00 | 300 |
2019-03-01 | $147,857 (13.7%) | $196,185 (2.7%) | 0.00 | 295 |
2019-04-01 | $145,000 (7.4%) | $191,738 (-0.7%) | 0.00 | 300 |
2019-05-01 | $145,450 (4.6%) | $196,072 (-4.1%) | 0.00 | 298 |
2019-06-01 | $146,450 (4.6%) | $199,773 (-1.5%) | 0.00 | 297 |
2019-07-01 | $154,975 (10.9%) | $203,477 (1.1%) | 0.00 | 284 |
2019-08-01 | $154,000 (10.0%) | $203,184 (0.2%) | 0.00 | 271 |
2019-09-01 | $151,750 (7.8%) | $201,161 (-0.3%) | 0.00 | 263 |
2019-10-01 | $149,950 (7.1%) | $198,187 (-1.2%) | 0.00 | 258 |
2019-11-01 | $149,500 (4.6%) | $189,057 (-4.5%) | 0.00 | 262 |
2019-12-01 | $144,000 (-1.7%) | $184,801 (-8.0%) | 0.00 | 267 |
2020-01-01 | $143,000 (-2.6%) | $182,363 (-11.7%) | 0.00 | 258 |
2020-02-01 | $142,000 (-3.7%) | $187,866 (-5.2%) | 0.00 | 259 |
2020-03-01 | $148,000 (0.1%) | $196,994 (0.4%) | 0.00 | 259 |
2020-04-01 | $149,000 (2.8%) | $202,133 (5.4%) | 0.00 | 257 |
2020-05-01 | $149,750 (3.0%) | $206,822 (5.5%) | 0.00 | 238 |
2020-06-01 | $156,500 (6.9%) | $207,786 (4.0%) | 0.00 | 227 |
2020-07-01 | $155,975 (0.7%) | $206,966 (1.7%) | 0.00 | 207 |
2020-08-01 | $158,000 (2.6%) | $199,391 (-1.9%) | 0.00 | 189 |
2020-09-01 | $160,925 (6.1%) | $216,169 (7.5%) | 0.00 | 180 |
2020-10-01 | $159,900 (6.6%) | $216,768 (9.4%) | 0.00 | 164 |
2020-11-01 | $163,475 (9.4%) | $227,945 (20.6%) | 0.00 | 159 |
2020-12-01 | $165,000 (14.6%) | $244,476 (32.3%) | 0.00 | 140 |
2021-01-01 | $177,000 (23.8%) | $253,073 (38.8%) | 0.00 | 135 |
2021-02-01 | $166,725 (17.4%) | $257,495 (37.1%) | 0.00 | 122 |
2021-03-01 | $174,450 (17.9%) | $268,734 (36.4%) | 0.00 | 104 |
2021-04-01 | $169,000 (13.4%) | $258,361 (27.8%) | 0.00 | 100 |
2021-05-01 | $185,000 (23.5%) | $277,961 (34.4%) | 0.00 | 94 |
2021-06-01 | $179,950 (15.0%) | $273,612 (31.7%) | 0.00 | 91 |
2021-07-01 | $169,500 (8.7%) | $265,843 (28.5%) | 0.00 | 92 |
2021-08-01 | $183,750 (16.3%) | $271,747 (36.3%) | 0.00 | 90 |
2021-09-01 | $182,500 (13.4%) | $272,248 (25.9%) | 0.00 | 92 |
2021-10-01 | $185,000 (15.7%) | $282,849 (30.5%) | 0.00 | 93 |
2021-11-01 | $190,550 (16.6%) | $306,667 (34.5%) | 0.00 | 99 |
2021-12-01 | $185,925 (12.7%) | $289,806 (18.5%) | 0.00 | 93 |
2022-01-01 | $185,000 (4.5%) | $284,138 (12.3%) | 0.00 | 99 |
2022-02-01 | $185,000 (11.0%) | $282,109 (9.6%) | 0.00 | 97 |
2022-03-01 | $187,250 (7.3%) | $262,243 (-2.4%) | 0.00 | 107 |
2022-04-01 | $188,700 (11.7%) | $250,471 (-3.1%) | 0.00 | 113 |
2022-05-01 | $179,900 (-2.8%) | $234,377 (-15.7%) | 0.00 | 120 |
2022-06-01 | $191,250 (6.3%) | $245,110 (-10.4%) | 0.00 | 117 |
2022-07-01 | $205,000 (20.9%) | $258,417 (-2.8%) | 0.00 | 126 |
2022-08-01 | $219,500 (19.5%) | $261,191 (-3.9%) | 0.00 | 137 |
2022-09-01 | $213,875 (17.2%) | $289,952 (6.5%) | 0.00 | 147 |
2022-10-01 | $201,750 (9.1%) | $320,029 (13.1%) | 0.00 | 162 |
2022-11-01 | $214,375 (12.5%) | $336,622 (9.8%) | 0.00 | 163 |
2022-12-01 | $225,000 (21.0%) | $348,472 (20.2%) | 0.00 | 150 |
2023-01-01 | $228,500 (23.5%) | $343,310 (20.8%) | 0.00 | 152 |
2023-02-01 | $225,000 (21.6%) | $335,943 (19.1%) | 0.00 | 162 |
2023-03-01 | $224,000 (19.6%) | $331,519 (26.4%) | 0.00 | 160 |
2023-04-01 | $224,500 (19.0%) | $336,860 (34.5%) | 0.00 | 147 |
2023-05-01 | $198,750 (10.5%) | $325,673 (39.0%) | 0.00 | 151 |
2023-06-01 | $199,000 (4.1%) | $321,102 (31.0%) | 0.00 | 159 |
2023-07-01 | $214,500 (4.6%) | $326,398 (26.3%) | 0.00 | 165 |
2023-08-01 | $214,625 (-2.2%) | $338,327 (29.5%) | 0.00 | 175 |
2023-09-01 | $210,000 (-1.8%) | $322,421 (11.2%) | 0.00 | 178 |
2023-10-01 | $205,750 (2.0%) | $293,296 (-8.4%) | 0.00 | 197 |
2023-11-01 | $209,000 (-2.5%) | $283,350 (-15.8%) | 0.00 | 210 |
2023-12-01 | $200,000 (-11.1%) | $277,779 (-20.3%) | 0.00 | 207 |
2024-01-01 | $197,625 (-13.5%) | $276,058 (-19.6%) | 0.00 | 211 |
2024-02-01 | $198,250 (-11.9%) | $277,406 (-17.4%) | 0.00 | 216 |
2024-03-01 | $194,999 (-13.0%) | $266,904 (-19.5%) | 0.00 | 225 |
2024-04-01 | $189,250 (-15.7%) | $261,188 (-22.5%) | 0.00 | 230 |
2024-05-01 | $192,500 (-3.1%) | $265,955 (-18.3%) | 0.00 | 216 |
2024-06-01 | $191,000 (-4.0%) | $279,326 (-13.0%) | 0.00 | 211 |
2024-07-01 | $187,000 (-12.8%) | $265,849 (-18.6%) | 0.00 | 218 |
2024-08-01 | $192,500 (-10.3%) | $263,959 (-22.0%) | 0.00 | 223 |
2024-09-01 | $188,250 (-10.4%) | $259,295 (-19.6%) | 0.00 | 229 |
Opelousas's median listing price comes in at 0% of the national average.
Opelousas's average listing price for 2024-09-01 was $259,295, a difference of $-63,126 (-19.6%) versus the prior year and $-4,664 versus the prior month.
For the 2024-09-01 period, Opelousas had 229 MLS listings, a difference of 6 listings (3%) versus the prior month and 51 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Opelousas (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,700 sqft |
2018-02-01 | 0 days | 1,708 sqft |
2018-03-01 | 0 days | 1,707 sqft |
2018-04-01 | 0 days | 1,704 sqft |
2018-05-01 | 0 days | 1,748 sqft |
2018-06-01 | 0 days | 1,800 sqft |
2018-07-01 | 0 days | 1,777 sqft |
2018-08-01 | 0 days | 1,794 sqft |
2018-09-01 | 0 days | 1,736 sqft |
2018-10-01 | 0 days | 1,743 sqft |
2018-11-01 | 0 days | 1,780 sqft |
2018-12-01 | 0 days | 1,800 sqft |
2019-01-01 | 0 days | 1,813 sqft |
2019-02-01 | 0 days | 1,798 sqft |
2019-03-01 | 0 days | 1,773 sqft |
2019-04-01 | 0 days | 1,754 sqft |
2019-05-01 | 0 days | 1,794 sqft |
2019-06-01 | 0 days | 1,802 sqft |
2019-07-01 | 0 days | 1,826 sqft |
2019-08-01 | 0 days | 1,822 sqft |
2019-09-01 | 0 days | 1,810 sqft |
2019-10-01 | 0 days | 1,800 sqft |
2019-11-01 | 0 days | 1,798 sqft |
2019-12-01 | 0 days | 1,758 sqft |
2020-01-01 | 0 days | 1,753 sqft |
2020-02-01 | 0 days | 1,800 sqft |
2020-03-01 | 0 days | 1,822 sqft |
2020-04-01 | 0 days | 1,839 sqft |
2020-05-01 | 0 days | 1,857 sqft |
2020-06-01 | 0 days | 1,875 sqft |
2020-07-01 | 0 days | 1,851 sqft |
2020-08-01 | 0 days | 1,867 sqft |
2020-09-01 | 0 days | 1,899 sqft |
2020-10-01 | 0 days | 1,828 sqft |
2020-11-01 | 0 days | 1,869 sqft |
2020-12-01 | 0 days | 1,868 sqft |
2021-01-01 | 0 days | 1,871 sqft |
2021-02-01 | 0 days | 1,798 sqft |
2021-03-01 | 0 days | 1,898 sqft |
2021-04-01 | 0 days | 1,910 sqft |
2021-05-01 | 0 days | 1,806 sqft |
2021-06-01 | 0 days | 1,782 sqft |
2021-07-01 | 0 days | 1,591 sqft |
2021-08-01 | 0 days | 1,807 sqft |
2021-09-01 | 0 days | 1,843 sqft |
2021-10-01 | 0 days | 1,924 sqft |
2021-11-01 | 0 days | 1,817 sqft |
2021-12-01 | 0 days | 1,754 sqft |
2022-01-01 | 0 days | 1,800 sqft |
2022-02-01 | 0 days | 1,830 sqft |
2022-03-01 | 0 days | 1,778 sqft |
2022-04-01 | 0 days | 1,780 sqft |
2022-05-01 | 0 days | 1,801 sqft |
2022-06-01 | 0 days | 1,843 sqft |
2022-07-01 | 0 days | 1,876 sqft |
2022-08-01 | 0 days | 1,932 sqft |
2022-09-01 | 0 days | 1,913 sqft |
2022-10-01 | 0 days | 1,800 sqft |
2022-11-01 | 0 days | 1,875 sqft |
2022-12-01 | 0 days | 1,886 sqft |
2023-01-01 | 0 days | 1,877 sqft |
2023-02-01 | 0 days | 1,890 sqft |
2023-03-01 | 0 days | 1,867 sqft |
2023-04-01 | 0 days | 1,800 sqft |
2023-05-01 | 0 days | 1,754 sqft |
2023-06-01 | 0 days | 1,786 sqft |
2023-07-01 | 0 days | 1,840 sqft |
2023-08-01 | 0 days | 1,829 sqft |
2023-09-01 | 0 days | 1,803 sqft |
2023-10-01 | 0 days | 1,795 sqft |
2023-11-01 | 0 days | 1,782 sqft |
2023-12-01 | 0 days | 1,770 sqft |
2024-01-01 | 0 days | 1,741 sqft |
2024-02-01 | 0 days | 1,714 sqft |
2024-03-01 | 0 days | 1,704 sqft |
2024-04-01 | 0 days | 1,704 sqft |
2024-05-01 | 0 days | 1,772 sqft |
2024-06-01 | 0 days | 1,705 sqft |
2024-07-01 | 0 days | 1,650 sqft |
2024-08-01 | 0 days | 1,621 sqft |
2024-09-01 | 0 days | 1,648 sqft |
Opelousas's median square footage for active listings during the 2024-09-01 period was 1,648 sqft. One year prior, the average listing was 1,803 sqft.
Opelousas, LA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 559 | $100,765,000 | $180,259 |
Refi | 146 | $24,330,000 | $166,644 |
Cash Out Refi | 61 | $10,445,000 | $171,230 |
Home Improvement | 35 | $3,095,000 | $88,429 |
Other | 30 | $2,240,000 | $74,667 |
Opelousas's most frequently cited loan purpose was Home Purchase, with 559 originations. The 2nd most popular reason was Refi, with 146 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 248 | $49,500,000 | $199,597 |
7-8% | 168 | $28,620,000 | $170,357 |
Over 8% | 148 | $16,680,000 | $112,703 |
5-6% | 91 | $18,885,000 | $207,527 |
4-5% | 24 | $5,280,000 | $220,000 |
<2.5% | 5 | $295,000 | $59,000 |
2.5-3% | 3 | $365,000 | $121,667 |
3-4% | 2 | $110,000 | $55,000 |
During 2023, Opelousas's most frequently originated rate bucket was 6-7%, with 248 originations.
Loan Sizing (Opelousas, LA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 301 | $43,905,000 | $145,864 |
$100,000 or less | 282 | $17,500,000 | $62,057 |
$200k-400k | 207 | $55,605,000 | $268,623 |
$400k-600k | 27 | $12,785,000 | $473,519 |
$600k-1000k | 13 | $9,735,000 | $748,846 |
$Over $1MM | 1 | $1,345,000 | $1,345,000 |
Opelousas's loan sizing saw the bucket of loans from $100k-200k with 301 originations, totaling $43,905,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 429 | $80,105,000 | $186,725 |
60-80% | 115 | $24,165,000 | $210,130 |
40-60% | 56 | $7,850,000 | $140,179 |
20-40% | 42 | $3,350,000 | $79,762 |
Under 20% | 18 | $890,000 | $49,444 |
Over 100% | 16 | $2,300,000 | $143,750 |
Opelousas's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 429 originations, totaling $80,105,000 in origination value.