Richmond Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Richmond averaged
6.86%
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
7.29% and
one month ago for the week of 2023-02-09, the
average rate was 6.38%.
Richmond's average rate one year ago was 4.11%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.75%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Richmond 30 Year Fixed Rate | 2023-03-16 | 6.86% |
Richmond 30 Year Fixed Rate Refi | 2023-03-16 | 6.75% |
Richmond 15 Year Fixed Rate | 2023-03-16 | 6.1% |
Richmond 15 Year Fixed Rate Refi | 2023-03-16 | 6.16% |
Richmond 30 Year FHA | 2023-03-16 | 6.51% |
Richmond 30 Year FHA Refi | 2023-03-16 | 6.46% |
Richmond 30 Year USDA | 2023-03-16 | 6.72% |
Richmond 30 Year USDA Refi | 2023-03-16 | 6.64% |
Richmond 30 Year VA | 2023-03-16 | 6.76% |
Richmond 30 Year VA Refi | 2023-03-16 | 6.41% |
Richmond 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 Richmond, IN 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.).
Richmond Average Closing Costs & Other Stats
Richmond, IN's 88 lenders originated 2,081
loans during 2021. The total origination value was $572,745,000, with an average loan value of
$275,226.
Richmond's average closing costs are $3,332.
The top Richmond lender as defined by loan originations is First Bank Richmond, with
154 loans originated. Their average total fees are
$3,105, which is $967
higher than the next largest lender,
First Financial Bank.
The lowest fee Richmond lenders (with over 10 loans originated) are
Merchants Bank of Indiana ($1,432), CALIBER HOME LOANS, INC. ($2,112), First Financial Bank ($2,138), RUOFF MORTGAGE COMPANY, INC. ($2,195) and JPMorgan Chase Bank ($2,303).
The lowest rate Richmond lenders (with over 10 loans originated) are
First Bank Richmond (2.89%), PRIMELENDING, A PLAINSCAPITAL COMPANY (3.18%), U.S. Bank (3.22%), RUOFF MORTGAGE COMPANY, INC. (3.23%) and QUICKEN LOANS, LLC (3.24%).
Richmond, IN 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 |
---|---|---|---|---|
Three Rivers Federal Credit Union | $37,735,000 | $342,355,000 | 807.3% | 59.8% |
First Bank Richmond | $51,390,000 | $40,535,000 | -21.1% | 7.1% |
CALIBER HOME LOANS, INC. | $19,355,000 | $35,010,000 | 80.9% | 6.1% |
First Financial Bank | $75,000 | $23,080,000 | 30,673.3% | 4.0% |
QUICKEN LOANS, LLC | $12,060,000 | $15,795,000 | 31.0% | 2.8% |
FREEDOM MORTGAGE CORPORATION | $10,705,000 | $11,425,000 | 6.7% | 2.0% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $8,720,000 | $9,735,000 | 11.6% | 1.7% |
U.S. Bank | $7,400,000 | $8,140,000 | 10.0% | 1.4% |
DAS Acquisition Company, LLC | $4,350,000 | n/a | 0.8% | |
Greenville National Bank | $2,220,000 | $4,240,000 | 91.0% | 0.7% |
RUOFF MORTGAGE COMPANY, INC. | $3,345,000 | $3,370,000 | 0.7% | 0.6% |
JPMorgan Chase Bank | $2,090,000 | $3,240,000 | 55.0% | 0.6% |
Mortgage Research Center, LLC | $2,635,000 | $3,115,000 | 18.2% | 0.5% |
Farm Credit Mid-America, ACA | $1,675,000 | $3,065,000 | 83.0% | 0.5% |
LOANDEPOT.COM, LLC | $1,085,000 | $2,730,000 | 151.6% | 0.5% |
MID AMERICA MORTGAGE, INC. | $4,250,000 | $2,395,000 | -43.6% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $395,000 | $2,350,000 | 494.9% | 0.4% |
First Merchants Bank | $1,595,000 | $1,845,000 | 15.7% | 0.3% |
Bath State Bank | $2,385,000 | $1,705,000 | -28.5% | 0.3% |
AMERIFIRST FINANCIAL CORPORATION | $1,650,000 | $1,685,000 | 2.1% | 0.3% |
AMERICAN MORTGAGE SERVICE COMPANY | $2,595,000 | $1,640,000 | -36.8% | 0.3% |
GVC MORTGAGE, INC. | $350,000 | $1,635,000 | 367.1% | 0.3% |
Mr. Cooper ( Nationstar Mortgage ) | $1,625,000 | $1,610,000 | -0.9% | 0.3% |
MYCUMORTGAGE, LLC | $465,000 | $1,595,000 | 243.0% | 0.3% |
The Huntington National Bank | $730,000 | $1,565,000 | 114.4% | 0.3% |
Merchants Bank of Indiana | $1,025,000 | $1,455,000 | 42.0% | 0.3% |
Union Savings And Loan Association | $750,000 | $1,390,000 | 85.3% | 0.2% |
NAVY FEDERAL CREDIT UNION | $1,105,000 | $1,285,000 | 16.3% | 0.2% |
Union Savings Bank | $675,000 | $1,250,000 | 85.2% | 0.2% |
Wells Fargo Bank | $1,760,000 | $1,245,000 | -29.3% | 0.2% |
NEW DAY FINANCIAL, LLC | $1,080,000 | $1,160,000 | 7.4% | 0.2% |
Fifth Third Bank | $775,000 | $1,145,000 | 47.7% | 0.2% |
UNITED WHOLESALE MORTGAGE, LLC | $925,000 | $1,020,000 | 10.3% | 0.2% |
Somerville Bank | $1,840,000 | $975,000 | -47.0% | 0.2% |
LOANPAL, LLC | $960,000 | n/a | 0.2% | |
PNC Bank | $405,000 | $935,000 | 130.9% | 0.2% |
Carrington Mortgage Services, LLC | $610,000 | $930,000 | 52.5% | 0.2% |
AMERICAN FINANCIAL RESOURCES, INC. | $1,465,000 | $915,000 | -37.5% | 0.2% |
NEWREZ LLC | $105,000 | $840,000 | 700.0% | 0.1% |
USAA Federal Savings Bank | $1,380,000 | $825,000 | -40.2% | 0.1% |
Flagstar Bank, FSB | $240,000 | $810,000 | 237.5% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $870,000 | $765,000 | -12.1% | 0.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $495,000 | $735,000 | 48.5% | 0.1% |
HOMESIDE FINANCIAL, LLC | $125,000 | $725,000 | 480.0% | 0.1% |
MJW Financial LLC | $125,000 | $720,000 | 476.0% | 0.1% |
BETTER MORTGAGE CORPORATION | $295,000 | $690,000 | 133.9% | 0.1% |
HOME POINT FINANCIAL CORPORATION | $1,100,000 | $640,000 | -41.8% | 0.1% |
Barrington Bank & Trust Company, N.A. | $625,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $425,000 | $620,000 | 45.9% | 0.1% |
HALLMARK HOME MORTGAGE, LLC | $165,000 | $560,000 | 239.4% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $265,000 | $555,000 | 109.4% | 0.1% |
VILLAGE CAPITAL & INVESTMENT LLC | $605,000 | $535,000 | -11.6% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $465,000 | $525,000 | 12.9% | 0.1% |
FCN Bank | $640,000 | $500,000 | -21.9% | 0.1% |
The Farmers & Merchants State Bank | $670,000 | $495,000 | -26.1% | 0.1% |
The Farmers State Bank | $280,000 | $495,000 | 76.8% | 0.1% |
Citizens Bank | $345,000 | $485,000 | 40.6% | 0.1% |
FORUM Credit Union | $470,000 | n/a | 0.1% | |
WRIGHT-PATT CREDIT UNION, INC. | $170,000 | $400,000 | 135.3% | 0.1% |
21ST MORTGAGE CORPORATION | $300,000 | $380,000 | 26.7% | 0.1% |
CMG MORTGAGE, INC. | $105,000 | $380,000 | 261.9% | 0.1% |
PANORAMA MORTGAGE GROUP, LLC | $680,000 | $365,000 | -46.3% | 0.1% |
AMERICAN FINANCIAL NETWORK, INC. | $360,000 | n/a | 0.1% | |
BAYSHORE MORTGAGE FUNDING, LLC | $340,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $290,000 | $330,000 | 13.8% | 0.1% |
FORT FINANCIAL Federal Credit Union | $325,000 | n/a | 0.1% | |
OPEN MORTGAGE, LLC | $325,000 | n/a | 0.1% | |
Elements Financial Federal Credit Union | $370,000 | $320,000 | -13.5% | 0.1% |
Magnolia Bank | $315,000 | n/a | 0.1% | |
Regions Bank | $1,210,000 | $315,000 | -74.0% | 0.1% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $340,000 | $310,000 | -8.8% | 0.1% |
Servion, Inc. | $195,000 | $305,000 | 56.4% | 0.1% |
Citizens State Bank of New Castle | $160,000 | $300,000 | 87.5% | 0.1% |
SOUTHWEST FUNDING, LP | $300,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $115,000 | $270,000 | 134.8% | 0.0% |
Centier Bank | $265,000 | n/a | 0.0% | |
Ixonia Bank | $265,000 | n/a | 0.0% | |
PLUS RELOCATION MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
Truist Bank | $260,000 | n/a | 0.0% | |
UNION HOME MORTGAGE CORP. | $290,000 | $250,000 | -13.8% | 0.0% |
COMPASS MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
EVANSVILLE TEACHERS | $245,000 | n/a | 0.0% | |
Hometown Lenders, Inc. | $245,000 | n/a | 0.0% | |
V.I.P. MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $65,000 | $240,000 | 269.2% | 0.0% |
ENDEAVOR CAPITAL, LLC. | $105,000 | $240,000 | 128.6% | 0.0% |
Gate City Bank | $235,000 | n/a | 0.0% | |
LONGBRIDGE FINANCIAL, LLC | $75,000 | $235,000 | 213.3% | 0.0% |
Northpointe Bank | $230,000 | n/a | 0.0% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $335,000 | $225,000 | -32.8% | 0.0% |
POLARIS HOME FUNDING CORP. | $870,000 | $220,000 | -74.7% | 0.0% |
INDIANA MEMBERS CREDIT UNION | $215,000 | n/a | 0.0% | |
Wolfe Financial, Inc | $215,000 | n/a | 0.0% | |
BMO Harris Bank | $340,000 | $210,000 | -38.2% | 0.0% |
CLEARPATH LENDING | $470,000 | $205,000 | -56.4% | 0.0% |
Lake City Bank | $205,000 | n/a | 0.0% | |
PLAZA HOME MORTGAGE, INC. | $155,000 | $200,000 | 29.0% | 0.0% |
AMCAP MORTGAGE, LTD. | $195,000 | n/a | 0.0% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $195,000 | n/a | 0.0% | |
Bank of America | $355,000 | $185,000 | -47.9% | 0.0% |
First Federal Bank | $145,000 | $185,000 | 27.6% | 0.0% |
The State Bank and Trust Company | $185,000 | n/a | 0.0% | |
First Federal Bank of Kansas City | $175,000 | n/a | 0.0% | |
PLANET HOME LENDING, LLC | $610,000 | $175,000 | -71.3% | 0.0% |
GUARANTEED RATE, INC. | $85,000 | $170,000 | 100.0% | 0.0% |
Renasant Bank | $55,000 | $170,000 | 209.1% | 0.0% |
KELLER MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
NORWICH COMMERCIAL GROUP, INC. | $165,000 | n/a | 0.0% | |
AmeriHome Mortgage Company, LLC | $300,000 | $155,000 | -48.3% | 0.0% |
Arvest Bank | $155,000 | n/a | 0.0% | |
Blue Ridge Bank | $155,000 | n/a | 0.0% | |
InterContinental Capital Group, Inc | $410,000 | $155,000 | -62.2% | 0.0% |
NBKC BANK | $155,000 | n/a | 0.0% | |
PROVIDENT FUNDING ASSOCIATES, L.P. | $155,000 | n/a | 0.0% | |
SUCCESS MORTGAGE PARTNERS, INC. | $85,000 | $155,000 | 82.4% | 0.0% |
SUN WEST MORTGAGE COMPANY, INC. | $155,000 | n/a | 0.0% | |
Fortress Bank | $145,000 | n/a | 0.0% | |
Citibank | $135,000 | n/a | 0.0% | |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $135,000 | n/a | 0.0% | |
Third Federal Savings and Loan Association of Cleveland | $65,000 | $135,000 | 107.7% | 0.0% |
AMERICAN FINANCING CORPORATION | $115,000 | $125,000 | 8.7% | 0.0% |
Equity Prime Mortgage LLC | $125,000 | n/a | 0.0% | |
FINANCE OF AMERICA MORTGAGE LLC | $125,000 | n/a | 0.0% | |
MOVEMENT MORTGAGE, LLC | $125,000 | n/a | 0.0% | |
Northwest Bank | $160,000 | $115,000 | -28.1% | 0.0% |
Old National Bank | $590,000 | $110,000 | -81.4% | 0.0% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $105,000 | n/a | 0.0% | |
Independent Federal Credit Union | $105,000 | n/a | 0.0% | |
The Park National Bank | $105,000 | n/a | 0.0% | |
TOP FLITE FINANCIAL, INC. | $105,000 | n/a | 0.0% | |
EMBRACE HOME LOANS, INC. | $95,000 | n/a | 0.0% | |
HONDA Federal Credit Union | $95,000 | n/a | 0.0% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $200,000 | $85,000 | -57.5% | 0.0% |
Baxter Credit Union | $85,000 | n/a | 0.0% | |
BEACON CREDIT UNION | $85,000 | n/a | 0.0% | |
First Financial Bank | $75,000 | $85,000 | 13.3% | 0.0% |
HSBC BANK USA, NATIONAL ASSOCIATION | $85,000 | n/a | 0.0% | |
MIAMI UNIVERSITY COMMUNITY | $85,000 | n/a | 0.0% | |
First Option Mortgage, LLC | $75,000 | n/a | 0.0% | |
MEMBER FIRST MORTGAGE, LLC | $80,000 | $75,000 | -6.3% | 0.0% |
INLAND BANK & TRUST | $65,000 | n/a | 0.0% | |
Figure Lending LLC | $110,000 | $55,000 | -50.0% | 0.0% |
PHH Mortgage Corporation | $155,000 | $55,000 | -64.5% | 0.0% |
First Farmers Bank and Trust Company | $45,000 | n/a | 0.0% | |
Manufacturers and Traders Trust Company | $45,000 | n/a | 0.0% | |
Service Federal Credit Union | $45,000 | n/a | 0.0% | |
ALLIANT CREDIT UNION | $35,000 | n/a | 0.0% | |
INTERRA CREDIT UNION | $35,000 | n/a | 0.0% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $35,000 | n/a | 0.0% | |
Horizon Bank | $25,000 | n/a | 0.0% | |
SPRING EQ, LLC | $25,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $15,000 | n/a | 0.0% | |
KEMBA CREDIT UNION, INC. | $115,000 | $15,000 | -87.0% | 0.0% |
STAR Financial Bank | $35,000 | $15,000 | -57.1% | 0.0% |
Richmond's top lender by overall market share is Three Rivers Federal Credit Union, with 59.8% market share. In second place, with 7.1%, is First Bank Richmond, having originated $40,535,000 in loans. In third place, with 6.1%, is CALIBER HOME LOANS, INC., having originated $35,010,000 in loans. In fourth place, with 4.0%, is First Financial Bank, having originated $23,080,000 in loans. In fifth place, with 2.8%, is QUICKEN LOANS, LLC, having originated $15,795,000 in loans.
Richmond Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Richmond (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 | $79,900 (0.0%) | $116,133 (-4.2%) | 0.00 | 314 |
2018-02-01 | $83,200 (4.1%) | $120,797 (1.1%) | 0.00 | 329 |
2018-03-01 | $84,900 (6.4%) | $125,416 (5.9%) | 0.00 | 291 |
2018-04-01 | $82,200 (3.4%) | $122,749 (8.5%) | 0.00 | 288 |
2018-05-01 | $82,200 (1.2%) | $124,808 (6.7%) | 0.00 | 287 |
2018-06-01 | $85,200 (-0.4%) | $130,626 (5.1%) | 0.00 | 284 |
2018-07-01 | $88,350 (-1.7%) | $132,966 (7.5%) | 0.00 | 298 |
2018-08-01 | $89,800 (-0.1%) | $132,262 (10.2%) | 0.00 | 304 |
2018-09-01 | $89,900 (5.9%) | $130,228 (6.9%) | 0.00 | 318 |
2018-10-01 | $85,925 (1.2%) | $125,102 (0.1%) | 0.00 | 328 |
2018-11-01 | $87,700 (-1.7%) | $125,677 (0.3%) | 0.00 | 340 |
2018-12-01 | $88,600 (4.9%) | $124,594 (1.6%) | 0.00 | 340 |
2019-01-01 | $89,000 (11.4%) | $123,159 (6.1%) | 0.00 | 320 |
2019-02-01 | $89,900 (8.1%) | $126,026 (4.3%) | 0.00 | 319 |
2019-03-01 | $89,214 (5.1%) | $129,831 (3.5%) | 0.00 | 290 |
2019-04-01 | $89,900 (9.4%) | $134,419 (9.5%) | 0.00 | 261 |
2019-05-01 | $97,825 (19.0%) | $137,996 (10.6%) | 0.00 | 268 |
2019-06-01 | $94,450 (10.9%) | $136,511 (4.5%) | 0.00 | 251 |
2019-07-01 | $90,550 (2.5%) | $135,097 (1.6%) | 0.00 | 236 |
2019-08-01 | $92,627 (3.2%) | $133,947 (1.3%) | 0.00 | 242 |
2019-09-01 | $96,718 (7.6%) | $131,386 (0.9%) | 0.00 | 242 |
2019-10-01 | $99,900 (16.3%) | $130,264 (4.1%) | 0.00 | 241 |
2019-11-01 | $99,700 (13.7%) | $127,224 (1.2%) | 0.00 | 258 |
2019-12-01 | $93,200 (5.2%) | $121,091 (-2.8%) | 0.00 | 258 |
2020-01-01 | $93,200 (4.7%) | $121,769 (-1.1%) | 0.00 | 248 |
2020-02-01 | $95,000 (5.7%) | $127,802 (1.4%) | 0.00 | 221 |
2020-03-01 | $99,900 (12.0%) | $127,438 (-1.8%) | 0.00 | 207 |
2020-04-01 | $109,900 (22.3%) | $128,407 (-4.5%) | 0.00 | 197 |
2020-05-01 | $94,950 (-2.9%) | $135,077 (-2.1%) | 0.00 | 153 |
2020-06-01 | $116,150 (23.0%) | $156,615 (14.7%) | 0.00 | 122 |
2020-07-01 | $121,050 (33.7%) | $168,452 (24.7%) | 0.00 | 122 |
2020-08-01 | $119,900 (29.4%) | $178,200 (33.0%) | 0.00 | 127 |
2020-09-01 | $124,925 (29.2%) | $167,238 (27.3%) | 0.00 | 132 |
2020-10-01 | $109,900 (10.0%) | $156,921 (20.5%) | 0.00 | 147 |
2020-11-01 | $101,175 (1.5%) | $150,286 (18.1%) | 0.00 | 164 |
2020-12-01 | $99,850 (7.1%) | $150,617 (24.4%) | 0.00 | 163 |
2021-01-01 | $91,250 (-2.1%) | $147,866 (21.4%) | 0.00 | 149 |
2021-02-01 | $82,425 (-13.2%) | $146,253 (14.4%) | 0.00 | 123 |
2021-03-01 | $79,900 (-20.0%) | $146,920 (15.3%) | 0.00 | 108 |
2021-04-01 | $107,400 (-2.3%) | $158,784 (23.7%) | 0.00 | 97 |
2021-05-01 | $89,950 (-5.3%) | $165,191 (22.3%) | 0.00 | 80 |
2021-06-01 | $117,175 (0.9%) | $182,152 (16.3%) | 0.00 | 90 |
2021-07-01 | $94,900 (-21.6%) | $140,155 (-16.8%) | 0.00 | 85 |
2021-08-01 | $121,150 (1.0%) | $148,534 (-16.7%) | 0.00 | 91 |
2021-09-01 | $129,900 (4.0%) | $155,439 (-7.1%) | 0.00 | 109 |
2021-10-01 | $132,000 (20.1%) | $158,472 (1.0%) | 0.00 | 114 |
2021-11-01 | $117,200 (15.8%) | $152,334 (1.4%) | 0.00 | 97 |
2021-12-01 | $105,575 (5.7%) | $139,650 (-7.3%) | 0.00 | 98 |
2022-01-01 | $102,600 (12.4%) | $142,234 (-3.8%) | 0.00 | 85 |
2022-02-01 | $114,900 (39.4%) | $154,696 (5.8%) | 0.00 | 66 |
2022-03-01 | $139,950 (75.2%) | $174,833 (19.0%) | 0.00 | 67 |
2022-04-01 | $169,900 (58.2%) | $199,118 (25.4%) | 0.00 | 62 |
2022-05-01 | $152,425 (69.5%) | $189,711 (14.8%) | 0.00 | 71 |
2022-06-01 | $129,900 (10.9%) | $170,719 (-6.3%) | 0.00 | 91 |
2022-07-01 | $129,900 (36.9%) | $167,200 (19.3%) | 0.00 | 102 |
2022-08-01 | $134,800 (11.3%) | $179,239 (20.7%) | 0.00 | 110 |
2022-09-01 | $151,150 (16.4%) | $193,392 (24.4%) | 0.00 | 100 |
2022-10-01 | $159,900 (21.1%) | $191,121 (20.6%) | 0.00 | 114 |
2022-11-01 | $147,075 (25.5%) | $177,026 (16.2%) | 0.00 | 134 |
2022-12-01 | $143,500 (35.9%) | $173,166 (24.0%) | 0.00 | 125 |
2023-01-01 | $143,050 (39.4%) | $177,975 (25.1%) | 0.00 | 103 |
2023-02-01 | $151,875 (32.2%) | $175,782 (13.6%) | 0.00 | 90 |
Richmond's median listing price comes in at 0% of the national average.
Richmond's average listing price for 2023-02-01 was $175,782, a difference of $21,086 (13.6%) versus the prior year and $-2,193 versus the prior month.
For the 2023-02-01 period, Richmond had 90 MLS listings, a difference of -13 listings (-13%) versus the prior month and 24 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Richmond (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,525 sqft |
2018-02-01 | 0 days | 1,587 sqft |
2018-03-01 | 0 days | 1,600 sqft |
2018-04-01 | 0 days | 1,593 sqft |
2018-05-01 | 0 days | 1,600 sqft |
2018-06-01 | 0 days | 1,595 sqft |
2018-07-01 | 0 days | 1,635 sqft |
2018-08-01 | 0 days | 1,634 sqft |
2018-09-01 | 0 days | 1,632 sqft |
2018-10-01 | 0 days | 1,602 sqft |
2018-11-01 | 0 days | 1,600 sqft |
2018-12-01 | 0 days | 1,595 sqft |
2019-01-01 | 0 days | 1,542 sqft |
2019-02-01 | 0 days | 1,530 sqft |
2019-03-01 | 0 days | 1,528 sqft |
2019-04-01 | 0 days | 1,543 sqft |
2019-05-01 | 0 days | 1,588 sqft |
2019-06-01 | 0 days | 1,569 sqft |
2019-07-01 | 0 days | 1,584 sqft |
2019-08-01 | 0 days | 1,589 sqft |
2019-09-01 | 0 days | 1,596 sqft |
2019-10-01 | 0 days | 1,602 sqft |
2019-11-01 | 0 days | 1,603 sqft |
2019-12-01 | 0 days | 1,605 sqft |
2020-01-01 | 0 days | 1,603 sqft |
2020-02-01 | 0 days | 1,652 sqft |
2020-03-01 | 0 days | 1,661 sqft |
2020-04-01 | 0 days | 1,640 sqft |
2020-05-01 | 0 days | 1,606 sqft |
2020-06-01 | 0 days | 1,643 sqft |
2020-07-01 | 0 days | 1,733 sqft |
2020-08-01 | 0 days | 1,672 sqft |
2020-09-01 | 0 days | 1,609 sqft |
2020-10-01 | 0 days | 1,581 sqft |
2020-11-01 | 0 days | 1,567 sqft |
2020-12-01 | 0 days | 1,601 sqft |
2021-01-01 | 0 days | 1,547 sqft |
2021-02-01 | 0 days | 1,520 sqft |
2021-03-01 | 0 days | 1,494 sqft |
2021-04-01 | 0 days | 1,566 sqft |
2021-05-01 | 0 days | 1,429 sqft |
2021-06-01 | 0 days | 1,603 sqft |
2021-07-01 | 0 days | 1,572 sqft |
2021-08-01 | 0 days | 1,675 sqft |
2021-09-01 | 0 days | 1,627 sqft |
2021-10-01 | 0 days | 1,542 sqft |
2021-11-01 | 0 days | 1,449 sqft |
2021-12-01 | 0 days | 1,405 sqft |
2022-01-01 | 0 days | 1,497 sqft |
2022-02-01 | 0 days | 1,546 sqft |
2022-03-01 | 0 days | 1,575 sqft |
2022-04-01 | 0 days | 1,811 sqft |
2022-05-01 | 0 days | 1,796 sqft |
2022-06-01 | 0 days | 1,696 sqft |
2022-07-01 | 0 days | 1,657 sqft |
2022-08-01 | 0 days | 1,670 sqft |
2022-09-01 | 0 days | 1,695 sqft |
2022-10-01 | 0 days | 1,674 sqft |
2022-11-01 | 0 days | 1,535 sqft |
2022-12-01 | 0 days | 1,553 sqft |
2023-01-01 | 0 days | 1,575 sqft |
2023-02-01 | 0 days | 1,706 sqft |
Richmond's median square footage for active listings during the 2023-02-01 period was 1,706 sqft. One year prior, the average listing was 1,546 sqft.
Richmond, IN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,007 | $126,465,000 | $125,586 |
Refi | 594 | $391,840,000 | $659,663 |
Cash Out Refi | 353 | $44,725,000 | $126,700 |
Home Improvement | 75 | $5,275,000 | $70,333 |
Other | 52 | $4,440,000 | $85,385 |
Richmond's most frequently cited loan purpose was Home Purchase, with 1,007 originations. The 2nd most popular reason was Refi, with 594 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 750 | $150,210,000 | $200,280 |
2.5-3% | 670 | $89,580,000 | $133,701 |
<2.5% | 440 | $51,570,000 | $117,205 |
4-5% | 127 | $271,275,000 | $2,136,024 |
5-6% | 26 | $1,210,000 | $46,538 |
Over 8% | 6 | $260,000 | $43,333 |
6-7% | 3 | $205,000 | $68,333 |
7-8% | 3 | $285,000 | $95,000 |
During 2021, Richmond's most frequently originated rate bucket was 3-4%, with 750 originations.
Loan Sizing (Richmond, IN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 976 | $62,770,000 | $64,314 |
$100k-200k | 854 | $118,660,000 | $138,946 |
$200k-400k | 235 | $61,455,000 | $261,511 |
$400k-600k | 11 | $4,935,000 | $448,636 |
$Over $1MM | 3 | $323,615,000 | $107,871,667 |
$600k-1000k | 2 | $1,310,000 | $655,000 |
Richmond's loan sizing saw the bucket of loans from $100,000 or less with 976 originations, totaling $62,770,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 973 | $129,865,000 | $133,469 |
60-80% | 599 | $72,985,000 | $121,845 |
40-60% | 168 | $16,280,000 | $96,905 |
20-40% | 99 | $5,825,000 | $58,838 |
Under 20% | 83 | $1,705,000 | $20,542 |
Over 100% | 19 | $3,755,000 | $197,632 |
Richmond's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 973 originations, totaling $129,865,000 in origination value.