Palestine Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Palestine averaged 7.24% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

The average rate for the prior week (2023-03-09) was 7.57% and one month ago for the week of 2023-02-09, the average rate was 6.56%.

Palestine's average rate one year ago was 4.49%.

For refis of the same type during the week of 2023-03-16, the average rate was 6.79%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-03-16 6.6%
Palestine 30 Year Fixed Rate 2023-03-16 7.24%
Palestine 30 Year Fixed Rate Refi 2023-03-16 6.79%
Palestine 15 Year Fixed Rate 2023-03-16 7.09%
Palestine 15 Year Fixed Rate Refi 2023-03-16 6.5%
Palestine 30 Year FHA 2023-03-16 6.52%
Palestine 30 Year FHA Refi 2023-03-16 6.17%
Palestine 30 Year USDA 2023-03-16 6.76%
Palestine 30 Year USDA Refi 2023-03-16 6.42%
Palestine 30 Year VA 2023-03-16 6.47%
Palestine 30 Year VA Refi 2023-03-16 5.88%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Palestine, TX.

Palestine 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 Palestine, TX 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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Commercial Bank of Texas 29 3.17% $3,434
SFMC, LP 27 3.38% $5,547
Austin Bank, Texas 26 3.84% $3,453
QUICKEN LOANS, LLC 19 3.19% $5,024
VeraBank 11 3.24% $3,771
Prosperity Bank 9 3.11% $3,992
Gateway First Bank 6 3.17% $6,405
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 2.96% $6,743
GUILD MORTGAGE COMPANY 6 3.31% $6,155
CALIBER HOME LOANS, INC. 5 3.37% $4,919
S1L, Inc. 5 3.35% $3,680
ROYAL UNITED MORTGAGE LLC 4 3.56% $7,599
FINANCE OF AMERICA MORTGAGE LLC 4 3.28% $4,542
UNITED WHOLESALE MORTGAGE, LLC 3 3.20% $6,229
Mr. Cooper ( Nationstar Mortgage ) 3 3.38% $4,746
MID AMERICA MORTGAGE, INC. 3 3.13% $6,645
LOANDEPOT.COM, LLC 3 3.32% $4,421
Southside Bank 3 3.38% $4,417
Wells Fargo Bank 3 3.67% $3,090
CMG MORTGAGE, INC. 2 3.25% $5,348
ALTRA 2 3.59% $2,893
BROKER SOLUTIONS, INC. 2 3.24% $6,968
COUNTRYPLACE MORTGAGE, LTD. 2 3.13% $13,840
EVERETT FINANCIAL, INC. 2 3.94% $3,553
Flagstar Bank, FSB 2 3.12% $4,528
Goldwater Bank, N.A. 2 3.13% $4,264
GUARANTEED RATE, INC. 2 3.25% $4,385
Hometown Lenders, Inc. 2 2.75% $4,654
MORTGAGE FINANCIAL SERVICES, LLC 2 3.00% $8,596
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.81% $6,590
Regions Bank 2 3.19% $4,305
THRIVE MORTGAGE, LLC 2 4.38% $4,700
Trinity Oaks Mortgage, LLC 2 2.88% $5,386
ACADEMY MORTGAGE CORPORATION 1 3.25% $8,282
Citizens Bank 1 2.75% $6,613
Gulf Coast Bank and Trust Company 1 3.00% $4,109
Happy State Bank 1 3.25% $3,747
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.00% $6,063
Hometown Equity Mortgage, LLC 1 3.50% $4,264
TIB The Independent Bankersbank 1 3.25% $7,445
Independent Bank 1 3.38% $4,961
JPMorgan Chase Bank 1 2.88% $5,866
LEADERONE FINANCIAL CORPORATION 1 3.13% $4,812
CHURCHILL MORTGAGE CORPORATION 1 3.25% $5,534
CERTAINTY HOME LOANS, LLC 1 2.88% $5,817
Morgan Stanley Private Bank 1 2.25% $7,052
Wyndham Capital Mortgage, Inc. 1 2.50% $2,402
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.75% $10,025
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.88% $8,254
NBKC BANK 1 2.75% $2,568
Network Funding, L.P. 1 3.38% $4,131
Paramount Residential Mortgage Group, Inc. 1 3.38% $2,268
PHH Mortgage Corporation 1 3.00% $4,067
AMCAP MORTGAGE, LTD. 1 3.13% $8,364
BETTER MORTGAGE CORPORATION 1 3.88% $3,530
Bank of America 1 2.75% $5,369
RANDOLPH-BROOKS 1 3.00% $4,020
RANLIFE, INC. 1 4.50% $6,059
Ally Bank 1 2.75% $4,229
Atlantic Home Loans, Inc. 1 3.12% $2,973
ASPIRE FINANCIAL, INC. 1 2.50% $4,543
AMERISAVE MORTGAGE CORPORATION 1 2.63% $8,088
SHELL FEDERAL CREDIT UNION 1 3.25% $3,699
Amerifirst Financial, Inc. 1 3.25% $4,546
SOUTHWEST FUNDING, LP 1 3.25% $4,876
STEARNS LENDING, LLC 1 2.88% $5,512
Stifel Bank and Trust 1 3.00% $2,954
SUMMIT FUNDING, INC. 1 3.13% $15,594
EMM LOANS LLC 1 3.75% $14,050
TEXANS 1 2.75% $5,829
Discover Bank 1 5.75% $0
Farm Credit Mid-America, ACA 1 3.10% $9,828
Colonial Savings, F.A. 1 3.00% $4,138
First Mid Bank & Trust 1 3.00% $4,123
First United Bank and Trust Company 1 3.00% $3,964
Texas Bank and Trust Company 1 3.13% $2,886
21ST MORTGAGE CORPORATION 1 6.80% $7,881
The First Liberty National Bank 1 3.10% $6,984

Palestine Average Closing Costs & Other Stats

Palestine, TX's 78 lenders originated 840 loans during 2021. The total origination value was $169,220,000, with an average loan value of $201,452.

Palestine's average closing costs are $5,201.

The top Palestine lender as defined by loan originations is Commercial Bank of Texas, with 29 loans originated. Their average total fees are $3,434, which is $2,113 lower than the next largest lender, SFMC, LP.

The lowest fee Palestine lenders (with over 10 loans originated) are Commercial Bank of Texas ($3,434), Austin Bank, Texas ($3,453), VeraBank ($3,771), QUICKEN LOANS, LLC ($5,024) and SFMC, LP ($5,547).

The lowest rate Palestine lenders (with over 10 loans originated) are Commercial Bank of Texas (3.17%), QUICKEN LOANS, LLC (3.19%), VeraBank (3.24%), SFMC, LP (3.38%) and Austin Bank, Texas (3.84%).

Palestine, TX 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
GREYSTONE SERVICING COMPANY LLC $15,445,000 n/a 9.1%
SFMC, LP $14,780,000 $13,775,000 -6.8% 8.1%
Austin Bank, Texas $8,470,000 $12,205,000 44.1% 7.2%
Commercial Bank of Texas $11,680,000 $9,950,000 -14.8% 5.9%
QUICKEN LOANS, LLC $7,440,000 $9,615,000 29.2% 5.7%
Grandbridge Real Estate Capital LLC $7,005,000 n/a 4.1%
VeraBank $8,585,000 $5,690,000 -33.7% 3.4%
Arbor Realty Trust, Inc. $5,355,000 n/a 3.2%
Prosperity Bank $6,025,000 $4,080,000 -32.3% 2.4%
21ST MORTGAGE CORPORATION $2,380,000 $3,605,000 51.5% 2.1%
Wells Fargo Bank $1,070,000 $2,850,000 166.4% 1.7%
Southern Bank $2,685,000 n/a 1.6%
Mortgage Research Center, LLC $2,340,000 $2,660,000 13.7% 1.6%
FREEDOM MORTGAGE CORPORATION $2,625,000 $2,615,000 -0.4% 1.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,035,000 $2,195,000 112.1% 1.3%
Gateway First Bank $1,800,000 $2,115,000 17.5% 1.2%
UNITED BUILT HOMES, L.L.C. $1,635,000 $2,095,000 28.1% 1.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,245,000 $2,065,000 -8.0% 1.2%
GUILD MORTGAGE COMPANY $705,000 $2,005,000 184.4% 1.2%
CMG MORTGAGE, INC. $1,875,000 $1,925,000 2.7% 1.1%
FINANCE OF AMERICA MORTGAGE LLC $1,420,000 $1,800,000 26.8% 1.1%
Flagstar Bank, FSB $105,000 $1,720,000 1,538.1% 1.0%
Southside Bank $1,065,000 $1,655,000 55.4% 1.0%
UNITED WHOLESALE MORTGAGE, LLC $1,450,000 $1,650,000 13.8% 1.0%
CALIBER HOME LOANS, INC. $660,000 $1,645,000 149.2% 1.0%
LOANDEPOT.COM, LLC $780,000 $1,625,000 108.3% 1.0%
First State Bank $455,000 $1,465,000 222.0% 0.9%
MID AMERICA MORTGAGE, INC. $1,000,000 $1,355,000 35.5% 0.8%
MORTGAGE FINANCIAL SERVICES, LLC $500,000 $1,295,000 159.0% 0.8%
Regions Bank $1,315,000 $1,260,000 -4.2% 0.7%
GUARANTEED RATE, INC. $575,000 $1,240,000 115.7% 0.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,500,000 $1,135,000 -24.3% 0.7%
ASPIRE FINANCIAL, INC. $435,000 $1,125,000 158.6% 0.7%
PENNYMAC LOAN SERVICES, LLC $845,000 $1,020,000 20.7% 0.6%
SOUTHWEST STAGE FUNDING, LLC $775,000 $1,020,000 31.6% 0.6%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $645,000 $990,000 53.5% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $1,025,000 $990,000 -3.4% 0.6%
S1L, Inc. $695,000 $900,000 29.5% 0.5%
JPMorgan Chase Bank $460,000 $895,000 94.6% 0.5%
COUNTRYPLACE MORTGAGE, LTD. $795,000 $865,000 8.8% 0.5%
VILLAGE CAPITAL & INVESTMENT LLC $515,000 $865,000 68.0% 0.5%
Flanagan State Bank $710,000 $845,000 19.0% 0.5%
AMERISAVE MORTGAGE CORPORATION $590,000 $825,000 39.8% 0.5%
NAVY FEDERAL CREDIT UNION $610,000 $795,000 30.3% 0.5%
Farm Credit Mid-America, ACA $740,000 n/a 0.4%
TRIAD FINANCIAL SERVICES, INC. $285,000 $695,000 143.9% 0.4%
ACADEMY MORTGAGE CORPORATION $515,000 $690,000 34.0% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $870,000 $670,000 -23.0% 0.4%
ALTRA $495,000 $665,000 34.3% 0.4%
BancorpSouth Bank $630,000 $630,000 0.0% 0.4%
USAA Federal Savings Bank $1,100,000 $615,000 -44.1% 0.4%
Morgan Stanley Private Bank $605,000 n/a 0.4%
Citizens 1st Bank $580,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $475,000 $565,000 18.9% 0.3%
Colonial Savings, F.A. $555,000 n/a 0.3%
CERTAINTY HOME LOANS, LLC $545,000 n/a 0.3%
GENEVA FINANCIAL, LLC $545,000 n/a 0.3%
SUMMIT FUNDING, INC. $225,000 $545,000 142.2% 0.3%
Trinity Oaks Mortgage, LLC $540,000 n/a 0.3%
Paramount Residential Mortgage Group, Inc. $505,000 n/a 0.3%
RANDOLPH-BROOKS $115,000 $505,000 339.1% 0.3%
LAKEVIEW LOAN SERVICING, LLC $970,000 $495,000 -49.0% 0.3%
INTERCAP LENDING INC. $485,000 n/a 0.3%
NEWREZ LLC $565,000 $475,000 -15.9% 0.3%
Alliance Bank Central Texas $465,000 n/a 0.3%
TEXANS $465,000 n/a 0.3%
EVERETT FINANCIAL, INC. $675,000 $460,000 -31.9% 0.3%
NBKC BANK $445,000 n/a 0.3%
PLAZA HOME MORTGAGE, INC. $175,000 $430,000 145.7% 0.3%
SWBC MORTGAGE CORPORATION $610,000 $425,000 -30.3% 0.3%
EMM LOANS LLC $345,000 $415,000 20.3% 0.2%
DRAPER AND KRAMER MORTGAGE CORP. $410,000 n/a 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $270,000 $400,000 48.1% 0.2%
AMCAP MORTGAGE, LTD. $850,000 $390,000 -54.1% 0.2%
AmeriHome Mortgage Company, LLC $185,000 $385,000 108.1% 0.2%
STEARNS LENDING, LLC $225,000 $365,000 62.2% 0.2%
CHURCHILL MORTGAGE CORPORATION $65,000 $340,000 423.1% 0.2%
Wyndham Capital Mortgage, Inc. $335,000 n/a 0.2%
Happy State Bank $315,000 n/a 0.2%
TIB The Independent Bankersbank $485,000 $305,000 -37.1% 0.2%
Commerce Home Mortgage, Inc. $295,000 n/a 0.2%
GUARANTEED RATE AFFINITY, LLC $515,000 $295,000 -42.7% 0.2%
Goldwater Bank, N.A. $165,000 $290,000 75.8% 0.2%
LEADERONE FINANCIAL CORPORATION $290,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $195,000 $285,000 46.2% 0.2%
First United Bank and Trust Company $275,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $275,000 n/a 0.2%
Carrington Mortgage Services, LLC $350,000 $270,000 -22.9% 0.2%
Texas Mortgage Lending, LLC $345,000 $270,000 -21.7% 0.2%
Capital Bank $125,000 $265,000 112.0% 0.2%
KELLER MORTGAGE, LLC $265,000 n/a 0.2%
ACCELERATE MORTGAGE, LLC $255,000 n/a 0.2%
BETTER MORTGAGE CORPORATION $250,000 n/a 0.1%
First Financial Bank $310,000 $245,000 -21.0% 0.1%
THRIVE MORTGAGE, LLC $240,000 n/a 0.1%
LONGBRIDGE FINANCIAL, LLC $235,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $235,000 n/a 0.1%
Hometown Lenders, Inc. $230,000 n/a 0.1%
Atlantic Home Loans, Inc. $225,000 n/a 0.1%
SOUTHWEST FUNDING, LP $115,000 $225,000 95.7% 0.1%
KELLY COMMUNITY FEDERAL CREDIT UNION $440,000 $220,000 -50.0% 0.1%
Citizens Bank $300,000 $215,000 -28.3% 0.1%
First Mid Bank & Trust $215,000 n/a 0.1%
Discover Bank $210,000 n/a 0.1%
BNC National Bank $215,000 $205,000 -4.7% 0.1%
METROPLEX MORTGAGE SERVICES, INC. $205,000 $205,000 0.0% 0.1%
CLEARPATH LENDING $275,000 $185,000 -32.7% 0.1%
GREAT WESTERN FINANCIAL SERVICES, INC. $185,000 n/a 0.1%
Independent Bank $185,000 n/a 0.1%
Stifel Bank and Trust $185,000 n/a 0.1%
The First Liberty National Bank $185,000 n/a 0.1%
HOME FINANCING UNLIMITED, INC. $115,000 $175,000 52.2% 0.1%
HOMESIDE FINANCIAL, LLC $175,000 n/a 0.1%
BROKER SOLUTIONS, INC. $245,000 $170,000 -30.6% 0.1%
Ally Bank $155,000 $165,000 6.5% 0.1%
BECKAM FUNDING CORP. $165,000 n/a 0.1%
Hometown Equity Mortgage, LLC $165,000 n/a 0.1%
NTFN, INC. $165,000 n/a 0.1%
United Fidelity Funding Corp. $165,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $380,000 $160,000 -57.9% 0.1%
Network Funding, L.P. $155,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $210,000 $145,000 -31.0% 0.1%
First Guaranty Mortgage Corporation $85,000 $145,000 70.6% 0.1%
LHM FINANCIAL CORPORATION $145,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $750,000 $135,000 -82.0% 0.1%
Amerifirst Financial, Inc. $135,000 n/a 0.1%
BOM Bank $135,000 n/a 0.1%
EUSTIS AND AMERICAN MORTGAGE COMPANY $350,000 $135,000 -61.4% 0.1%
First National Bank Texas $135,000 n/a 0.1%
Gulf Coast Bank and Trust Company $125,000 n/a 0.1%
Low VA Rates, LLC $125,000 n/a 0.1%
SHELL FEDERAL CREDIT UNION $125,000 n/a 0.1%
U.S. Bank $125,000 n/a 0.1%
Bank of America $95,000 $115,000 21.1% 0.1%
FIRST TECHNOLOGY $115,000 n/a 0.1%
Hancock Whitney Bank $115,000 n/a 0.1%
TJC Mortgage, Inc. $335,000 $115,000 -65.7% 0.1%
First Horizon Bank $105,000 n/a 0.1%
LOANPAL, LLC $105,000 n/a 0.1%
Texas Bank and Trust Company $470,000 $105,000 -77.7% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $95,000 n/a 0.1%
EECU $95,000 n/a 0.1%
Spirit of Texas Bank, SSB $95,000 n/a 0.1%
PHH Mortgage Corporation $85,000 n/a 0.1%
RANLIFE, INC. $85,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $195,000 $85,000 -56.4% 0.1%
Incommons Bank, N.A. $55,000 $80,000 45.5% 0.0%
Texas National Bank of Jacksonville $560,000 $75,000 -86.6% 0.0%
AMERICAN ADVISORS GROUP $65,000 n/a 0.0%
CSL Financial, LLC $65,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%

Palestine's top lender by overall market share is GREYSTONE SERVICING COMPANY LLC, with 9.1% market share. In second place, with 8.1%, is SFMC, LP, having originated $13,775,000 in loans. In third place, with 7.2%, is Austin Bank, Texas, having originated $12,205,000 in loans. In fourth place, with 5.9%, is Commercial Bank of Texas, having originated $9,950,000 in loans. In fifth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $9,615,000 in loans.


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

Realtor.com - Palestine (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 $154,750 (0.7%) $219,407 (2.9%) 0.00 138
2018-02-01 $147,750 (1.1%) $224,727 (3.9%) 0.00 131
2018-03-01 $145,500 (-1.4%) $205,808 (-2.9%) 0.00 131
2018-04-01 $146,625 (5.0%) $224,274 (9.7%) 0.00 133
2018-05-01 $163,500 (14.9%) $256,970 (18.7%) 0.00 142
2018-06-01 $159,500 (6.3%) $251,422 (8.2%) 0.00 165
2018-07-01 $159,500 (0.0%) $257,530 (5.4%) 0.00 167
2018-08-01 $161,100 (-0.1%) $251,462 (1.0%) 0.00 160
2018-09-01 $159,500 (-7.8%) $245,827 (-3.9%) 0.00 168
2018-10-01 $165,000 (2.0%) $259,139 (0.0%) 0.00 166
2018-11-01 $164,950 (-0.9%) $267,385 (7.8%) 0.00 156
2018-12-01 $169,500 (5.9%) $273,077 (26.5%) 0.00 160
2019-01-01 $169,000 (9.2%) $265,326 (20.9%) 0.00 152
2019-02-01 $165,950 (12.3%) $255,401 (13.7%) 0.00 152
2019-03-01 $168,250 (15.6%) $256,957 (24.9%) 0.00 160
2019-04-01 $166,125 (13.3%) $257,088 (14.6%) 0.00 173
2019-05-01 $169,894 (3.9%) $267,236 (4.0%) 0.00 182
2019-06-01 $172,950 (8.4%) $281,228 (11.9%) 0.00 182
2019-07-01 $159,950 (0.3%) $230,592 (-10.5%) 0.00 156
2019-08-01 $158,355 (-1.7%) $235,879 (-6.2%) 0.00 148
2019-09-01 $162,036 (1.6%) $248,430 (1.1%) 0.00 146
2019-10-01 $162,040 (-1.8%) $251,771 (-2.8%) 0.00 145
2019-11-01 $158,000 (-4.2%) $252,895 (-5.4%) 0.00 131
2019-12-01 $159,500 (-5.9%) $240,482 (-11.9%) 0.00 120
2020-01-01 $154,500 (-8.6%) $236,290 (-10.9%) 0.00 112
2020-02-01 $155,000 (-6.6%) $232,804 (-8.9%) 0.00 104
2020-03-01 $159,600 (-5.1%) $228,623 (-11.0%) 0.00 109
2020-04-01 $167,450 (0.8%) $245,170 (-4.6%) 0.00 94
2020-05-01 $177,450 (4.5%) $255,486 (-4.4%) 0.00 77
2020-06-01 $191,850 (10.9%) $273,327 (-2.8%) 0.00 71
2020-07-01 $201,000 (25.7%) $273,207 (18.5%) 0.00 72
2020-08-01 $198,250 (25.2%) $258,044 (9.4%) 0.00 68
2020-09-01 $180,000 (11.1%) $236,203 (-4.9%) 0.00 69
2020-10-01 $180,500 (11.4%) $247,010 (-1.9%) 0.00 76
2020-11-01 $193,750 (22.6%) $245,176 (-3.1%) 0.00 76
2020-12-01 $192,450 (20.7%) $240,426 (0.0%) 0.00 74
2021-01-01 $189,900 (22.9%) $232,620 (-1.6%) 0.00 62
2021-02-01 $189,950 (22.6%) $252,676 (8.5%) 0.00 58
2021-03-01 $219,475 (37.5%) $269,546 (17.9%) 0.00 43
2021-04-01 $221,250 (32.1%) $263,632 (7.5%) 0.00 38
2021-05-01 $222,500 (25.4%) $282,664 (10.6%) 0.00 43
2021-06-01 $223,000 (16.2%) $274,505 (0.4%) 0.00 42
2021-07-01 $199,000 (-1.0%) $266,105 (-2.6%) 0.00 57
2021-08-01 $194,350 (-2.0%) $257,260 (-0.3%) 0.00 72
2021-09-01 $247,500 (37.5%) $282,930 (19.8%) 0.00 81
2021-10-01 $254,375 (40.9%) $313,319 (26.8%) 0.00 82
2021-11-01 $253,250 (30.7%) $325,459 (32.7%) 0.00 79
2021-12-01 $244,950 (27.3%) $302,247 (25.7%) 0.00 76
2022-01-01 $274,900 (44.8%) $320,235 (37.7%) 0.00 59
2022-02-01 $236,000 (24.2%) $267,387 (5.8%) 0.00 61
2022-03-01 $213,375 (-2.8%) $271,380 (0.7%) 0.00 53
2022-04-01 $234,500 (6.0%) $299,275 (13.5%) 0.00 62
2022-05-01 $210,500 (-5.4%) $268,362 (-5.1%) 0.00 81
2022-06-01 $184,750 (-17.2%) $280,716 (2.3%) 0.00 95
2022-07-01 $265,000 (33.2%) $313,324 (17.7%) 0.00 112
2022-08-01 $250,000 (28.6%) $316,891 (23.2%) 0.00 117
2022-09-01 $257,400 (4.0%) $317,057 (12.1%) 0.00 120
2022-10-01 $255,000 (0.3%) $312,992 (-0.1%) 0.00 124
2022-11-01 $275,375 (8.7%) $384,125 (18.0%) 0.00 118
2022-12-01 $255,000 (4.1%) $369,481 (22.2%) 0.00 116
2023-01-01 $249,999 (-9.1%) $302,720 (-5.5%) 0.00 111
2023-02-01 $229,250 (-2.9%) $288,265 (7.8%) 0.00 102
Palestine's median listing price for 2023-02-01 was $229,250, a difference of $-6,750 (-2.9%) versus the prior year and $-20,749 versus the prior month.

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

Palestine's average listing price for 2023-02-01 was $288,265, a difference of $20,878 (7.8%) versus the prior year and $-14,455 versus the prior month.

For the 2023-02-01 period, Palestine had 102 MLS listings, a difference of -9 listings (-8%) versus the prior month and 41 listings (67%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Palestine (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,904 sqft
2018-02-01 0 days 1,902 sqft
2018-03-01 0 days 1,917 sqft
2018-04-01 0 days 1,919 sqft
2018-05-01 0 days 2,000 sqft
2018-06-01 0 days 2,000 sqft
2018-07-01 0 days 2,005 sqft
2018-08-01 0 days 1,996 sqft
2018-09-01 0 days 1,984 sqft
2018-10-01 0 days 2,008 sqft
2018-11-01 0 days 1,984 sqft
2018-12-01 0 days 1,980 sqft
2019-01-01 0 days 1,903 sqft
2019-02-01 0 days 1,972 sqft
2019-03-01 0 days 1,954 sqft
2019-04-01 0 days 1,904 sqft
2019-05-01 0 days 1,974 sqft
2019-06-01 0 days 1,968 sqft
2019-07-01 0 days 1,879 sqft
2019-08-01 0 days 1,808 sqft
2019-09-01 0 days 1,872 sqft
2019-10-01 0 days 1,903 sqft
2019-11-01 0 days 1,856 sqft
2019-12-01 0 days 1,849 sqft
2020-01-01 0 days 1,841 sqft
2020-02-01 0 days 1,858 sqft
2020-03-01 0 days 1,865 sqft
2020-04-01 0 days 1,855 sqft
2020-05-01 0 days 1,868 sqft
2020-06-01 0 days 1,877 sqft
2020-07-01 0 days 1,910 sqft
2020-08-01 0 days 1,952 sqft
2020-09-01 0 days 1,962 sqft
2020-10-01 0 days 2,142 sqft
2020-11-01 0 days 2,197 sqft
2020-12-01 0 days 1,996 sqft
2021-01-01 0 days 2,000 sqft
2021-02-01 0 days 2,082 sqft
2021-03-01 0 days 2,204 sqft
2021-04-01 0 days 2,109 sqft
2021-05-01 0 days 1,958 sqft
2021-06-01 0 days 1,832 sqft
2021-07-01 0 days 1,813 sqft
2021-08-01 0 days 1,771 sqft
2021-09-01 0 days 1,800 sqft
2021-10-01 0 days 1,814 sqft
2021-11-01 0 days 1,777 sqft
2021-12-01 0 days 1,777 sqft
2022-01-01 0 days 1,689 sqft
2022-02-01 0 days 1,609 sqft
2022-03-01 0 days 1,657 sqft
2022-04-01 0 days 1,781 sqft
2022-05-01 0 days 1,667 sqft
2022-06-01 0 days 1,566 sqft
2022-07-01 0 days 1,822 sqft
2022-08-01 0 days 1,877 sqft
2022-09-01 0 days 1,800 sqft
2022-10-01 0 days 1,880 sqft
2022-11-01 0 days 1,879 sqft
2022-12-01 0 days 1,828 sqft
2023-01-01 0 days 1,803 sqft
2023-02-01 0 days 1,769 sqft
Palestine's median listing age (time on market) for 2023-02-01 was 0 days.

Palestine's median square footage for active listings during the 2023-02-01 period was 1,769 sqft. One year prior, the average listing was 1,609 sqft.

Palestine, TX Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 498 $85,880,000 $172,450
Refi 228 $61,550,000 $269,956
Cash Out Refi 77 $17,935,000 $232,922
Home Improvement 21 $1,715,000 $81,667
Other 16 $2,140,000 $133,750

Palestine's most frequently cited loan purpose was Home Purchase, with 498 originations. The 2nd most popular reason was Refi, with 228 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 324 $56,710,000 $175,031
2.5-3% 224 $64,210,000 $286,652
<2.5% 99 $19,415,000 $196,111
4-5% 73 $14,555,000 $199,384
Over 8% 42 $4,820,000 $114,762
6-7% 32 $3,510,000 $109,688
5-6% 23 $1,995,000 $86,739
7-8% 11 $985,000 $89,545

During 2021, Palestine's most frequently originated rate bucket was 3-4%, with 324 originations.

Loan Sizing (Palestine, TX MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 382 $55,080,000 $144,188
$100,000 or less 234 $16,240,000 $69,402
$200k-400k 186 $49,180,000 $264,409
$400k-600k 29 $14,125,000 $487,069
$Over $1MM 5 $31,705,000 $6,341,000
$600k-1000k 4 $2,890,000 $722,500

Palestine's loan sizing saw the bucket of loans from $100k-200k with 382 originations, totaling $55,080,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 403 $89,455,000 $221,973
60-80% 225 $35,465,000 $157,622
40-60% 90 $19,630,000 $218,111
20-40% 44 $4,920,000 $111,818
Over 100% 25 $5,045,000 $201,800
Under 20% 10 $190,000 $19,000

Palestine's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 403 originations, totaling $89,455,000 in origination value.