Pierre Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Pierre averaged 6.52% for the week of 2025-03-20, compared to the national average of 6.67% for the same period.

    The average rate for the prior week (2025-03-13) was 6.4% and one month ago for the week of 2025-02-13, the average rate was 6.42%.

    Pierre's average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-03-20, the average rate was 6.57%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-03-20 6.67%
    Pierre 30 Year Fixed Rate 2025-03-20 6.52%
    Pierre 30 Year Fixed Rate Refi 2025-03-20 6.57%
    Pierre 15 Year Fixed Rate 2025-03-20 6.03%
    Pierre 15 Year Fixed Rate Refi 2025-03-20 6.13%
    Pierre 30 Year FHA 2025-03-20 6.44%
    Pierre 30 Year FHA Refi 2025-03-20 6.34%
    Pierre 30 Year USDA 2025-03-20 6.58%
    Pierre 30 Year USDA Refi 2025-03-20 6.18%
    Pierre 30 Year VA 2025-03-20 6.28%
    Pierre 30 Year VA Refi 2025-03-20 6.18%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Pierre, SD.

    Pierre 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 Pierre, SD market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    BANKWEST, INC. 39 6.38% $4,930
    American Bank & Trust 15 6.53% $5,040
    First National Bank 15 6.82% $3,894
    First Dakota National Bank 12 6.66% $2,814
    BLACK HILLS FEDERAL CREDIT UNION 9 6.32% $4,559
    Plains Commerce Bank 7 7.14% $5,627
    QUICKEN LOANS, LLC 7 6.68% $6,552
    CMG MORTGAGE, INC. 2 6.06% $4,337
    UNITED WHOLESALE MORTGAGE, LLC 2 6.75% $4,942
    Dacotah Bank 2 5.98% $5,193
    WINGS FINANCIAL 1 5.75% $4,182
    American Bank Center 1 6.88% $9,424
    ZILLOW HOME LOANS, LLC 1 8.13% $5,714
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $4,103
    HOMESTAR FINANCIAL CORPORATION 1 6.38% $1,864
    Minnwest Bank 1 6.25% $4,781
    Northwest Bank 1 6.50% $2,725
    Paramount Residential Mortgage Group, Inc. 1 7.38% $8,711
    Unify Home Lending Inc. 1 7.88% $4,746
    USAA Federal Savings Bank 1 7.13% $3,408
    U.S. Bank 1 6.63% $4,685
    Wells Fargo Bank 1 7.00% $4,293

    Pierre Average Closing Costs & Other Stats

    Pierre, SD's 22 lenders originated 300 loans during 2023. The total origination value was $58,360,000, with an average loan value of $194,533.

    Pierre's average closing costs are $4,706.

    The top Pierre lender as defined by loan originations is BANKWEST, INC., with 39 loans originated. Their average total fees are $4,930, which is $109 lower than the next largest lender, American Bank & Trust.

    The lowest fee Pierre lenders (with over 10 loans originated) are First Dakota National Bank ($2,814), First National Bank ($3,894), BANKWEST, INC. ($4,930), American Bank & Trust ($5,040) and .

    The lowest rate Pierre lenders (with over 10 loans originated) are BANKWEST, INC. (6.38%), American Bank & Trust (6.53%), First Dakota National Bank (6.66%), First National Bank (6.82%) and .

    Pierre, SD 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
    BANKWEST, INC. $25,605,000 $19,630,000 -23.3% 33.6%
    American Bank & Trust $20,175,000 $7,310,000 -63.8% 12.5%
    First Dakota National Bank $6,450,000 $5,735,000 -11.1% 9.8%
    First National Bank $9,660,000 $5,495,000 -43.1% 9.4%
    BLACK HILLS FEDERAL CREDIT UNION $5,400,000 $3,215,000 -40.5% 5.5%
    Plains Commerce Bank $1,980,000 $3,030,000 53.0% 5.2%
    QUICKEN LOANS, LLC $2,705,000 $2,735,000 1.1% 4.7%
    American Bank Center $910,000 n/a 1.6%
    Mortgage Research Center, LLC $1,615,000 $825,000 -48.9% 1.4%
    U.S. Bank $2,245,000 $710,000 -68.4% 1.2%
    Dacotah Bank $480,000 $540,000 12.5% 0.9%
    CMG MORTGAGE, INC. $235,000 $510,000 117.0% 0.9%
    HIGHMARK $490,000 n/a 0.8%
    CROSSCOUNTRY MORTGAGE, LLC $485,000 n/a 0.8%
    Unify Home Lending Inc. $460,000 n/a 0.8%
    BROKER SOLUTIONS, INC. $175,000 $430,000 145.7% 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $895,000 $430,000 -52.0% 0.7%
    WINGS FINANCIAL $420,000 n/a 0.7%
    CORTRUST MORTGAGE, INC. $975,000 $355,000 -63.6% 0.6%
    PENNYMAC LOAN SERVICES, LLC $670,000 $350,000 -47.8% 0.6%
    GENEVA FINANCIAL, LLC $295,000 n/a 0.5%
    Paramount Residential Mortgage Group, Inc. $275,000 n/a 0.5%
    Reliabank Dakota $265,000 n/a 0.5%
    USAA Federal Savings Bank $550,000 $265,000 -51.8% 0.5%
    21ST MORTGAGE CORPORATION $235,000 n/a 0.4%
    HOMESTAR FINANCIAL CORPORATION $1,015,000 $235,000 -76.8% 0.4%
    LAKEVIEW LOAN SERVICING, LLC $235,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $275,000 $235,000 -14.5% 0.4%
    Minnwest Bank $225,000 n/a 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $480,000 $215,000 -55.2% 0.4%
    FREEDOM MORTGAGE CORPORATION $800,000 $215,000 -73.1% 0.4%
    Discover Bank $200,000 n/a 0.3%
    Northwest Bank $175,000 n/a 0.3%
    LOANDEPOT.COM, LLC $780,000 $165,000 -78.8% 0.3%
    First Bank & Trust $260,000 $155,000 -40.4% 0.3%
    Gateway First Bank $1,175,000 $155,000 -86.8% 0.3%
    Wells Fargo Bank $2,550,000 $150,000 -94.1% 0.3%
    First International Bank & Trust $205,000 $125,000 -39.0% 0.2%
    ZILLOW HOME LOANS, LLC $225,000 $115,000 -48.9% 0.2%
    Carrington Mortgage Services, LLC $85,000 n/a 0.1%
    Northern Hills FCU $85,000 n/a 0.1%
    Citizens Bank $65,000 n/a 0.1%
    NAVY FEDERAL CREDIT UNION $55,000 n/a 0.1%
    Figure Lending LLC $45,000 n/a 0.1%
    Coastal Community Bank $25,000 n/a 0.0%

    Pierre's top lender by overall market share is BANKWEST, INC., with 33.6% market share. In second place, with 12.5%, is American Bank & Trust, having originated $7,310,000 in loans. In third place, with 9.8%, is First Dakota National Bank, having originated $5,735,000 in loans. In fourth place, with 9.4%, is First National Bank, having originated $5,495,000 in loans. In fifth place, with 5.5%, is BLACK HILLS FEDERAL CREDIT UNION, having originated $3,215,000 in loans.

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

    Realtor.com - Pierre (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 $188,000 (-7.4%) $245,261 (-8.7%) 0.00 100
    2018-02-01 $192,375 (-5.7%) $247,617 (-5.2%) 0.00 106
    2018-03-01 $188,500 (-3.3%) $245,282 (-0.8%) 0.00 110
    2018-04-01 $203,125 (-3.3%) $255,891 (1.4%) 0.00 121
    2018-05-01 $211,500 (5.8%) $259,444 (1.8%) 0.00 124
    2018-06-01 $197,800 (3.8%) $257,158 (3.9%) 0.00 118
    2018-07-01 $212,500 (11.8%) $260,425 (5.0%) 0.00 125
    2018-08-01 $228,475 (20.7%) $274,113 (11.9%) 0.00 128
    2018-09-01 $229,000 (23.9%) $273,029 (13.5%) 0.00 129
    2018-10-01 $229,425 (24.1%) $271,904 (12.3%) 0.00 127
    2018-11-01 $239,225 (29.7%) $274,152 (10.0%) 0.00 118
    2018-12-01 $229,900 (26.0%) $272,276 (9.4%) 0.00 116
    2019-01-01 $229,450 (22.1%) $271,470 (10.7%) 0.00 112
    2019-02-01 $235,000 (22.2%) $274,122 (10.7%) 0.00 107
    2019-03-01 $222,843 (18.2%) $266,178 (8.5%) 0.00 104
    2019-04-01 $217,993 (7.3%) $261,349 (2.1%) 0.00 105
    2019-05-01 $228,750 (8.2%) $261,974 (1.0%) 0.00 123
    2019-06-01 $251,500 (27.2%) $272,930 (6.1%) 0.00 123
    2019-07-01 $263,750 (24.1%) $281,964 (8.3%) 0.00 120
    2019-08-01 $265,182 (16.1%) $285,563 (4.2%) 0.00 116
    2019-09-01 $261,705 (14.3%) $285,147 (4.4%) 0.00 116
    2019-10-01 $259,386 (13.1%) $290,119 (6.7%) 0.00 115
    2019-11-01 $259,000 (8.3%) $296,082 (8.0%) 0.00 113
    2019-12-01 $277,500 (20.7%) $307,917 (13.1%) 0.00 90
    2020-01-01 $280,000 (22.0%) $311,843 (14.9%) 0.00 82
    2020-02-01 $289,750 (23.3%) $313,810 (14.5%) 0.00 76
    2020-03-01 $276,200 (23.9%) $310,043 (16.5%) 0.00 59
    2020-04-01 $272,375 (25.0%) $326,249 (24.8%) 0.00 56
    2020-05-01 $297,250 (30.0%) $353,007 (34.8%) 0.00 60
    2020-06-01 $312,725 (24.3%) $351,509 (28.8%) 0.00 67
    2020-07-01 $303,000 (14.9%) $352,103 (24.9%) 0.00 64
    2020-08-01 $307,000 (15.8%) $356,188 (24.7%) 0.00 61
    2020-09-01 $257,000 (-1.8%) $344,785 (20.9%) 0.00 59
    2020-10-01 $279,500 (7.8%) $344,502 (18.7%) 0.00 57
    2020-11-01 $244,950 (-5.4%) $340,063 (14.9%) 0.00 54
    2020-12-01 $277,500 (0.0%) $341,515 (10.9%) 0.00 50
    2021-01-01 $252,400 (-9.9%) $328,658 (5.4%) 0.00 45
    2021-02-01 $262,400 (-9.4%) $340,234 (8.4%) 0.00 38
    2021-03-01 $224,975 (-18.6%) $292,533 (-5.7%) 0.00 36
    2021-04-01 $192,300 (-29.4%) $275,095 (-15.7%) 0.00 27
    2021-05-01 $194,450 (-34.6%) $282,773 (-19.9%) 0.00 25
    2021-06-01 $272,450 (-12.9%) $320,362 (-8.9%) 0.00 21
    2021-07-01 $298,900 (-1.4%) $354,665 (0.7%) 0.00 24
    2021-08-01 $257,000 (-16.3%) $316,137 (-11.2%) 0.00 28
    2021-09-01 $293,750 (14.3%) $331,163 (-4.0%) 0.00 23
    2021-10-01 $330,000 (18.1%) $335,772 (-2.5%) 0.00 23
    2021-11-01 $347,000 (41.7%) $366,872 (7.9%) 0.00 21
    2021-12-01 $363,725 (31.1%) $368,159 (7.8%) 0.00 14
    2022-01-01 $385,000 (52.5%) $373,613 (13.7%) 0.00 12
    2022-02-01 $379,950 (44.8%) $370,494 (8.9%) 0.00 12
    2022-03-01 $388,500 (72.7%) $412,542 (41.0%) 0.00 18
    2022-04-01 $389,900 (102.8%) $409,653 (48.9%) 0.00 12
    2022-05-01 $345,500 (77.7%) $419,274 (48.3%) 0.00 14
    2022-06-01 $384,500 (41.1%) $442,353 (38.1%) 0.00 17
    2022-07-01 $349,500 (16.9%) $391,350 (10.3%) 0.00 23
    2022-08-01 $353,500 (37.6%) $401,266 (26.9%) 0.00 28
    2022-09-01 $360,000 (22.6%) $414,856 (25.3%) 0.00 22
    2022-10-01 $360,000 (9.1%) $403,967 (20.3%) 0.00 18
    2022-11-01 $344,225 (-0.8%) $397,354 (8.3%) 0.00 26
    2022-12-01 $370,000 (1.7%) $416,670 (13.2%) 0.00 20
    2023-01-01 $360,000 (-6.5%) $404,105 (8.2%) 0.00 17
    2023-02-01 $375,000 (-1.3%) $412,477 (11.3%) 0.00 14
    2023-03-01 $347,500 (-10.6%) $464,717 (12.7%) 0.00 22
    2023-04-01 $340,000 (-12.8%) $526,498 (28.5%) 0.00 25
    2023-05-01 $328,750 (-4.9%) $490,559 (17.0%) 0.00 28
    2023-06-01 $340,000 (-11.6%) $517,070 (16.9%) 0.00 32
    2023-07-01 $340,000 (-2.7%) $519,789 (32.8%) 0.00 35
    2023-08-01 $377,200 (6.7%) $516,103 (28.6%) 0.00 40
    2023-09-01 $374,250 (4.0%) $435,518 (5.0%) 0.00 35
    2023-10-01 $296,000 (-17.8%) $388,690 (-3.8%) 0.00 28
    2023-11-01 $287,425 (-16.5%) $369,965 (-6.9%) 0.00 33
    2023-12-01 $284,950 (-23.0%) $352,119 (-15.5%) 0.00 33
    2024-01-01 $313,250 (-13.0%) $413,261 (2.3%) 0.00 30
    2024-02-01 $344,500 (-8.1%) $436,758 (5.9%) 0.00 21
    2024-03-01 $369,000 (6.2%) $453,544 (-2.4%) 0.00 27
    2024-04-01 $368,000 (8.2%) $425,068 (-19.3%) 0.00 30
    2024-05-01 $353,750 (7.6%) $434,451 (-11.4%) 0.00 28
    2024-06-01 $360,000 (5.9%) $511,418 (-1.1%) 0.00 34
    2024-07-01 $374,450 (10.1%) $519,296 (-0.1%) 0.00 34
    2024-08-01 $344,500 (-8.7%) $499,366 (-3.2%) 0.00 38
    2024-09-01 $330,000 (-11.8%) $466,827 (7.2%) 0.00 41
    2024-10-01 $320,000 (8.1%) $903,974 (132.6%) 0.00 37
    2024-11-01 $352,450 (22.6%) $955,069 (158.2%) 0.00 36
    2024-12-01 $346,225 (21.5%) $900,659 (155.8%) 0.00 41
    2025-01-01 $352,500 (12.5%) $878,244 (112.5%) 0.00 42
    2025-02-01 $355,000 (3.1%) $897,826 (105.6%) 0.00 40
    Pierre's median listing price for 2025-02-01 was $355,000, a difference of $10,500 (3.1%) versus the prior year and $2,500 versus the prior month.

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

    Pierre's average listing price for 2025-02-01 was $897,826, a difference of $461,068 (105.6%) versus the prior year and $19,582 versus the prior month.

    For the 2025-02-01 period, Pierre had 40 MLS listings, a difference of -2 listings (-5%) versus the prior month and 19 listings (90%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pierre (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,321 sqft
    2018-02-01 0 days 1,355 sqft
    2018-03-01 0 days 1,290 sqft
    2018-04-01 0 days 1,389 sqft
    2018-05-01 0 days 1,389 sqft
    2018-06-01 0 days 1,355 sqft
    2018-07-01 0 days 1,344 sqft
    2018-08-01 0 days 1,454 sqft
    2018-09-01 0 days 1,479 sqft
    2018-10-01 0 days 1,462 sqft
    2018-11-01 0 days 1,462 sqft
    2018-12-01 0 days 1,420 sqft
    2019-01-01 0 days 1,456 sqft
    2019-02-01 0 days 1,406 sqft
    2019-03-01 0 days 1,341 sqft
    2019-04-01 0 days 1,304 sqft
    2019-05-01 0 days 1,343 sqft
    2019-06-01 0 days 1,434 sqft
    2019-07-01 0 days 1,475 sqft
    2019-08-01 0 days 1,492 sqft
    2019-09-01 0 days 1,490 sqft
    2019-10-01 0 days 1,488 sqft
    2019-11-01 0 days 1,488 sqft
    2019-12-01 0 days 1,580 sqft
    2020-01-01 0 days 1,600 sqft
    2020-02-01 0 days 1,600 sqft
    2020-03-01 0 days 1,491 sqft
    2020-04-01 0 days 1,480 sqft
    2020-05-01 0 days 1,602 sqft
    2020-06-01 0 days 1,624 sqft
    2020-07-01 0 days 1,608 sqft
    2020-08-01 0 days 1,584 sqft
    2020-09-01 0 days 1,488 sqft
    2020-10-01 0 days 1,488 sqft
    2020-11-01 0 days 1,420 sqft
    2020-12-01 0 days 1,487 sqft
    2021-01-01 0 days 1,438 sqft
    2021-02-01 0 days 1,376 sqft
    2021-03-01 0 days 1,216 sqft
    2021-04-01 0 days 1,389 sqft
    2021-05-01 0 days 1,378 sqft
    2021-06-01 0 days 1,436 sqft
    2021-07-01 0 days 1,312 sqft
    2021-08-01 0 days 1,392 sqft
    2021-09-01 0 days 1,514 sqft
    2021-10-01 0 days 1,476 sqft
    2021-11-01 0 days 1,720 sqft
    2021-12-01 0 days 1,684 sqft
    2022-01-01 0 days 1,653 sqft
    2022-02-01 0 days 1,760 sqft
    2022-03-01 0 days 1,645 sqft
    2022-04-01 0 days 1,714 sqft
    2022-05-01 0 days 1,540 sqft
    2022-06-01 0 days 1,774 sqft
    2022-07-01 0 days 1,664 sqft
    2022-08-01 0 days 1,545 sqft
    2022-09-01 0 days 1,605 sqft
    2022-10-01 0 days 1,633 sqft
    2022-11-01 0 days 1,536 sqft
    2022-12-01 0 days 1,540 sqft
    2023-01-01 0 days 1,526 sqft
    2023-02-01 0 days 1,578 sqft
    2023-03-01 0 days 1,526 sqft
    2023-04-01 0 days 1,511 sqft
    2023-05-01 0 days 1,540 sqft
    2023-06-01 0 days 1,568 sqft
    2023-07-01 0 days 1,511 sqft
    2023-08-01 0 days 1,520 sqft
    2023-09-01 0 days 1,538 sqft
    2023-10-01 0 days 1,418 sqft
    2023-11-01 0 days 1,244 sqft
    2023-12-01 0 days 1,260 sqft
    2024-01-01 0 days 1,260 sqft
    2024-02-01 0 days 1,357 sqft
    2024-03-01 0 days 1,357 sqft
    2024-04-01 0 days 1,252 sqft
    2024-05-01 0 days 1,184 sqft
    2024-06-01 0 days 1,292 sqft
    2024-07-01 0 days 1,323 sqft
    2024-08-01 0 days 1,256 sqft
    2024-09-01 0 days 1,302 sqft
    2024-10-01 0 days 1,256 sqft
    2024-11-01 0 days 1,212 sqft
    2024-12-01 0 days 1,263 sqft
    2025-01-01 0 days 1,269 sqft
    2025-02-01 0 days 1,212 sqft
    Pierre's median listing age (time on market) for 2025-02-01 was 0 days.

    Pierre's median square footage for active listings during the 2025-02-01 period was 1,212 sqft. One year prior, the average listing was 1,357 sqft.

    Pierre, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 208 $48,930,000 $235,240
    Home Improvement 34 $2,380,000 $70,000
    Cash Out Refi 28 $4,270,000 $152,500
    Refi 16 $2,020,000 $126,250
    Other 14 $760,000 $54,286

    Pierre's most frequently cited loan purpose was Home Purchase, with 208 originations. The 2nd most popular reason was Home Improvement, with 34 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 111 $28,715,000 $258,694
    Over 8% 67 $6,445,000 $96,194
    5-6% 55 $12,175,000 $221,364
    7-8% 54 $9,680,000 $179,259
    2.5-3% 7 $215,000 $30,714
    4-5% 2 $550,000 $275,000
    <2.5% 1 $5,000 $5,000

    During 2023, Pierre's most frequently originated rate bucket was 6-7%, with 111 originations.

    Loan Sizing (Pierre, SD MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 120 $32,330,000 $269,417
    $100k-200k 88 $13,560,000 $154,091
    $100,000 or less 78 $4,070,000 $52,179
    $400k-600k 9 $4,015,000 $446,111
    $600k-1000k 4 $3,020,000 $755,000
    $Over $1MM 1 $1,365,000 $1,365,000

    Pierre's loan sizing saw the bucket of loans from $200k-400k with 120 originations, totaling $32,330,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 140 $31,260,000 $223,286
    60-80% 71 $18,145,000 $255,563
    Under 20% 38 $1,970,000 $51,842
    20-40% 28 $2,550,000 $91,071
    40-60% 18 $2,730,000 $151,667
    Over 100% 2 $1,130,000 $565,000

    Pierre's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 140 originations, totaling $31,260,000 in origination value.