Spearfish Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Spearfish averaged
6.76%
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
6.89% and
one month ago for the week of 2023-02-09, the
average rate was 5.98%.
Spearfish's average rate one year ago was 3.71%.
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% |
Spearfish 30 Year Fixed Rate | 2023-03-16 | 6.76% |
Spearfish 30 Year Fixed Rate Refi | 2023-03-16 | 6.75% |
Spearfish 15 Year Fixed Rate | 2023-03-16 | 6.47% |
Spearfish 15 Year Fixed Rate Refi | 2023-03-16 | 6.15% |
Spearfish 30 Year FHA | 2023-03-16 | 6.29% |
Spearfish 30 Year FHA Refi | 2023-03-16 | 6% |
Spearfish 30 Year USDA | 2023-03-16 | 6.07% |
Spearfish 30 Year USDA Refi | 2023-03-16 | 6.58% |
Spearfish 30 Year VA | 2023-03-16 | 6.06% |
Spearfish 30 Year VA Refi | 2023-03-16 | 6.24% |
Spearfish 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 Spearfish, 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.).
Spearfish Average Closing Costs & Other Stats
Spearfish, SD's 88 lenders originated 1,352
loans during 2021. The total origination value was $373,740,000, with an average loan value of
$276,435.
Spearfish's average closing costs are $4,656.
The top Spearfish lender as defined by loan originations is First Interstate Bank, with
67 loans originated. Their average total fees are
$5,009, which is $447
higher than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee Spearfish lenders (with over 10 loans originated) are
Gateway First Bank ($3,123), Wells Fargo Bank ($3,303), First National Bank ($3,631), U.S. Bank ($4,142) and Plains Commerce Bank ($4,434).
The lowest rate Spearfish lenders (with over 10 loans originated) are
Plains Commerce Bank (2.92%), Wells Fargo Bank (2.99%), U.S. Bank (3.02%), BLACK HILLS FEDERAL CREDIT UNION (3.04%) and CMG MORTGAGE, INC. (3.06%).
Spearfish, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
First Interstate Bank | $46,450,000 | $47,355,000 | 1.9% | 12.7% |
Pioneer Bank & Trust | $33,575,000 | $40,695,000 | 21.2% | 10.9% |
CMG MORTGAGE, INC. | $20,630,000 | $28,705,000 | 39.1% | 7.7% |
Gateway First Bank | $40,245,000 | $28,435,000 | -29.3% | 7.6% |
BLACK HILLS FEDERAL CREDIT UNION | $34,035,000 | $24,965,000 | -26.6% | 6.7% |
QUICKEN LOANS, LLC | $13,490,000 | $18,995,000 | 40.8% | 5.1% |
Black Hills Community Bank | $29,510,000 | $15,075,000 | -48.9% | 4.0% |
Wells Fargo Bank | $7,975,000 | $11,000,000 | 37.9% | 2.9% |
First National Bank | $6,430,000 | $8,760,000 | 36.2% | 2.3% |
Plains Commerce Bank | $4,745,000 | $8,305,000 | 75.0% | 2.2% |
U.S. Bank | $5,520,000 | $7,570,000 | 37.1% | 2.0% |
UNITED WHOLESALE MORTGAGE, LLC | $2,755,000 | $6,635,000 | 140.8% | 1.8% |
Unify Home Lending Inc. | $2,110,000 | $6,075,000 | 187.9% | 1.6% |
BAY EQUITY LLC | $1,660,000 | $5,530,000 | 233.1% | 1.5% |
BANKWEST, INC. | $5,905,000 | $5,235,000 | -11.3% | 1.4% |
FREEDOM MORTGAGE CORPORATION | $6,845,000 | $4,490,000 | -34.4% | 1.2% |
HIGHMARK | $3,000,000 | $4,455,000 | 48.5% | 1.2% |
Mortgage Research Center, LLC | $2,045,000 | $4,280,000 | 109.3% | 1.1% |
Lend Smart Mortgage, LLC | $3,305,000 | $4,225,000 | 27.8% | 1.1% |
Dacotah Bank | $1,440,000 | $3,985,000 | 176.7% | 1.1% |
LOANDEPOT.COM, LLC | $2,195,000 | $3,840,000 | 74.9% | 1.0% |
First Bank & Trust | $1,185,000 | $3,590,000 | 203.0% | 1.0% |
AMERISAVE MORTGAGE CORPORATION | $695,000 | $3,435,000 | 394.2% | 0.9% |
First Dakota National Bank | $4,255,000 | $3,115,000 | -26.8% | 0.8% |
HOMESTAR FINANCIAL CORPORATION | $2,735,000 | n/a | 0.7% | |
JPMorgan Chase Bank | $510,000 | $2,695,000 | 428.4% | 0.7% |
NAVY FEDERAL CREDIT UNION | $165,000 | $2,525,000 | 1,430.3% | 0.7% |
First International Bank & Trust | $2,245,000 | n/a | 0.6% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $405,000 | $2,130,000 | 425.9% | 0.6% |
BNC National Bank | $515,000 | $2,070,000 | 301.9% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $975,000 | $2,060,000 | 111.3% | 0.6% |
CU MORTGAGE DIRECT, LLC | $5,630,000 | $1,915,000 | -66.0% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $1,955,000 | $1,860,000 | -4.9% | 0.5% |
DAS Acquisition Company, LLC | $235,000 | $1,810,000 | 670.2% | 0.5% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $630,000 | $1,735,000 | 175.4% | 0.5% |
Flagstar Bank, FSB | $2,010,000 | $1,715,000 | -14.7% | 0.5% |
TCF National Bank | $1,540,000 | n/a | 0.4% | |
NEWREZ LLC | $880,000 | $1,530,000 | 73.9% | 0.4% |
USAA Federal Savings Bank | $1,060,000 | $1,510,000 | 42.5% | 0.4% |
OPEN MORTGAGE, LLC | $3,110,000 | $1,490,000 | -52.1% | 0.4% |
Ally Bank | $1,360,000 | $1,450,000 | 6.6% | 0.4% |
Bremer Bank | $1,445,000 | n/a | 0.4% | |
BROKER SOLUTIONS, INC. | $695,000 | $1,370,000 | 97.1% | 0.4% |
The First National Bank in Sioux Falls | $2,050,000 | $1,355,000 | -33.9% | 0.4% |
NEW DAY FINANCIAL, LLC | $880,000 | $1,335,000 | 51.7% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $615,000 | $1,300,000 | 111.4% | 0.3% |
GUILD MORTGAGE COMPANY | $1,160,000 | n/a | 0.3% | |
Great Western Bank | $2,895,000 | $1,145,000 | -60.4% | 0.3% |
CORTRUST MORTGAGE, INC. | $2,305,000 | $1,010,000 | -56.2% | 0.3% |
Reliabank Dakota | $1,695,000 | $970,000 | -42.8% | 0.3% |
Farm Credit Mid-America, ACA | $840,000 | $960,000 | 14.3% | 0.3% |
First Western Bank & Trust | $895,000 | n/a | 0.2% | |
Stifel Bank and Trust | $880,000 | n/a | 0.2% | |
HOME POINT FINANCIAL CORPORATION | $550,000 | $865,000 | 57.3% | 0.2% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $800,000 | $855,000 | 6.9% | 0.2% |
American State Bank | $590,000 | $840,000 | 42.4% | 0.2% |
Access Bank | $815,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $1,165,000 | $800,000 | -31.3% | 0.2% |
Security First Bank | $1,745,000 | $750,000 | -57.0% | 0.2% |
BETTER MORTGAGE CORPORATION | $440,000 | $730,000 | 65.9% | 0.2% |
West Gate Bank | $590,000 | $720,000 | 22.0% | 0.2% |
Citizens Alliance Bank | $710,000 | n/a | 0.2% | |
NBKC BANK | $295,000 | $705,000 | 139.0% | 0.2% |
American Bank & Trust | $1,945,000 | $680,000 | -65.0% | 0.2% |
First PREMIER Bank | $1,325,000 | $645,000 | -51.3% | 0.2% |
WNB Financial, N.A. | $640,000 | $630,000 | -1.6% | 0.2% |
Morgan Stanley Private Bank | $615,000 | n/a | 0.2% | |
Minnwest Bank | $605,000 | n/a | 0.2% | |
Dakota Community Bank & Trust | $470,000 | $545,000 | 16.0% | 0.1% |
Home Federal Savings Bank | $545,000 | n/a | 0.1% | |
MOVEMENT MORTGAGE, LLC | $545,000 | n/a | 0.1% | |
Bank Iowa | $525,000 | n/a | 0.1% | |
UNIVERSAL LENDING CORPORATION | $515,000 | $495,000 | -3.9% | 0.1% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $485,000 | n/a | 0.1% | |
Servion, Inc. | $455,000 | n/a | 0.1% | |
SIOUX FALLS | $245,000 | $455,000 | 85.7% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $980,000 | $425,000 | -56.6% | 0.1% |
Bank of England | $1,145,000 | $405,000 | -64.6% | 0.1% |
First National Bank of Omaha | $550,000 | $405,000 | -26.4% | 0.1% |
BOKF | $395,000 | n/a | 0.1% | |
MORIA DEVELOPMENT, INC. | $395,000 | n/a | 0.1% | |
Bell Bank | $385,000 | n/a | 0.1% | |
Pinnacle Bank | $380,000 | n/a | 0.1% | |
Opportunity Bank of Montana | $355,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $620,000 | $355,000 | -42.7% | 0.1% |
Northwest Bank | $890,000 | $340,000 | -61.8% | 0.1% |
MID AMERICA MORTGAGE, INC. | $335,000 | n/a | 0.1% | |
Citizens Bank | $775,000 | $325,000 | -58.1% | 0.1% |
AMERICAN ADVISORS GROUP | $125,000 | $315,000 | 152.0% | 0.1% |
UMB Bank | $315,000 | n/a | 0.1% | |
American Bank Center | $305,000 | n/a | 0.1% | |
Security National Bank of South Dakota | $305,000 | n/a | 0.1% | |
PNC Bank | $295,000 | n/a | 0.1% | |
First Federal Bank | $465,000 | $290,000 | -37.6% | 0.1% |
FIRST STATE MORTGAGE SERVICES, LLC | $285,000 | n/a | 0.1% | |
Manufacturers and Traders Trust Company | $285,000 | n/a | 0.1% | |
Merchants Bank | $285,000 | n/a | 0.1% | |
Equitable Bank | $265,000 | n/a | 0.1% | |
Bank of America | $305,000 | $260,000 | -14.8% | 0.1% |
Cornerstone Bank | $555,000 | $245,000 | -55.9% | 0.1% |
Washington County Bank | $245,000 | n/a | 0.1% | |
Choice Financial Group | $235,000 | $240,000 | 2.1% | 0.1% |
AIR ACADEMY | $235,000 | n/a | 0.1% | |
CBI Bank & Trust | $225,000 | n/a | 0.1% | |
IOWA BANKERS MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
The Huntington National Bank | $225,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $450,000 | $220,000 | -51.1% | 0.1% |
AMERICAN FINANCING CORPORATION | $215,000 | $215,000 | 0.0% | 0.1% |
NBH Bank | $175,000 | $215,000 | 22.9% | 0.1% |
The Central Trust Bank | $215,000 | n/a | 0.1% | |
COMPEER FINANCIAL, FLCA | $570,000 | $205,000 | -64.0% | 0.1% |
Gate City Bank | $800,000 | $205,000 | -74.4% | 0.1% |
PHH Mortgage Corporation | $205,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $205,000 | n/a | 0.1% | |
Pinnacle Bank - Wyoming | $190,000 | n/a | 0.1% | |
SOVEREIGN LENDING GROUP INCORPORATED | $185,000 | n/a | 0.0% | |
Truist Bank | $115,000 | $175,000 | 52.2% | 0.0% |
Wyndham Capital Mortgage, Inc. | $175,000 | n/a | 0.0% | |
CALIBER HOME LOANS, INC. | $355,000 | $165,000 | -53.5% | 0.0% |
Elements Financial Federal Credit Union | $165,000 | n/a | 0.0% | |
HomeTown Bank | $165,000 | n/a | 0.0% | |
Carrington Mortgage Services, LLC | $245,000 | $155,000 | -36.7% | 0.0% |
Discover Bank | $155,000 | n/a | 0.0% | |
Evolve Bank & Trust | $145,000 | n/a | 0.0% | |
Figure Lending LLC | $25,000 | $125,000 | 400.0% | 0.0% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $115,000 | n/a | 0.0% | |
Nations Lending Corporation | $195,000 | $115,000 | -41.0% | 0.0% |
BMO Harris Bank | $75,000 | n/a | 0.0% |
Spearfish's top lender by overall market share is First Interstate Bank, with 12.7% market share. In second place, with 10.9%, is Pioneer Bank & Trust, having originated $40,695,000 in loans. In third place, with 7.7%, is CMG MORTGAGE, INC., having originated $28,705,000 in loans. In fourth place, with 7.6%, is Gateway First Bank, having originated $28,435,000 in loans. In fifth place, with 6.7%, is BLACK HILLS FEDERAL CREDIT UNION, having originated $24,965,000 in loans.
Spearfish Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Spearfish (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 | $379,125 (26.4%) | $418,777 (18.2%) | 0.00 | 207 |
2018-02-01 | $377,000 (18.0%) | $416,415 (15.6%) | 0.00 | 214 |
2018-03-01 | $359,950 (10.8%) | $410,714 (10.9%) | 0.00 | 217 |
2018-04-01 | $364,200 (7.9%) | $409,982 (8.0%) | 0.00 | 216 |
2018-05-01 | $348,225 (7.2%) | $397,098 (4.0%) | 0.00 | 237 |
2018-06-01 | $358,900 (8.8%) | $398,670 (1.2%) | 0.00 | 247 |
2018-07-01 | $349,900 (4.9%) | $396,679 (-3.3%) | 0.00 | 270 |
2018-08-01 | $353,498 (8.2%) | $397,990 (-1.4%) | 0.00 | 269 |
2018-09-01 | $364,500 (12.9%) | $405,047 (-0.7%) | 0.00 | 263 |
2018-10-01 | $361,006 (7.1%) | $411,946 (6.0%) | 0.00 | 246 |
2018-11-01 | $352,198 (-2.5%) | $397,874 (2.5%) | 0.00 | 232 |
2018-12-01 | $359,950 (-1.4%) | $402,404 (1.0%) | 0.00 | 219 |
2019-01-01 | $355,950 (-6.1%) | $402,706 (-3.8%) | 0.00 | 213 |
2019-02-01 | $349,624 (-7.3%) | $400,833 (-3.7%) | 0.00 | 217 |
2019-03-01 | $355,589 (-1.2%) | $421,353 (2.6%) | 0.00 | 227 |
2019-04-01 | $370,806 (1.8%) | $448,059 (9.3%) | 0.00 | 230 |
2019-05-01 | $394,250 (13.2%) | $450,061 (13.3%) | 0.00 | 251 |
2019-06-01 | $418,750 (16.7%) | $467,587 (17.3%) | 0.00 | 251 |
2019-07-01 | $404,700 (15.7%) | $452,192 (14.0%) | 0.00 | 261 |
2019-08-01 | $411,836 (16.5%) | $460,553 (15.7%) | 0.00 | 256 |
2019-09-01 | $430,491 (18.1%) | $480,905 (18.7%) | 0.00 | 256 |
2019-10-01 | $445,000 (23.3%) | $498,108 (20.9%) | 0.00 | 255 |
2019-11-01 | $445,000 (26.4%) | $495,715 (24.6%) | 0.00 | 236 |
2019-12-01 | $431,175 (19.8%) | $487,778 (21.2%) | 0.00 | 210 |
2020-01-01 | $421,250 (18.4%) | $466,182 (15.8%) | 0.00 | 191 |
2020-02-01 | $425,000 (21.6%) | $473,738 (18.2%) | 0.00 | 188 |
2020-03-01 | $431,000 (21.2%) | $474,621 (12.6%) | 0.00 | 170 |
2020-04-01 | $409,993 (10.6%) | $455,949 (1.8%) | 0.00 | 184 |
2020-05-01 | $399,000 (1.2%) | $443,395 (-1.5%) | 0.00 | 198 |
2020-06-01 | $399,600 (-4.6%) | $457,146 (-2.2%) | 0.00 | 201 |
2020-07-01 | $419,975 (3.8%) | $464,338 (2.7%) | 0.00 | 193 |
2020-08-01 | $395,000 (-4.1%) | $424,885 (-7.7%) | 0.00 | 181 |
2020-09-01 | $389,000 (-9.6%) | $429,850 (-10.6%) | 0.00 | 144 |
2020-10-01 | $389,000 (-12.6%) | $434,174 (-12.8%) | 0.00 | 113 |
2020-11-01 | $397,100 (-10.8%) | $445,606 (-10.1%) | 0.00 | 109 |
2020-12-01 | $412,000 (-4.5%) | $452,015 (-7.3%) | 0.00 | 96 |
2021-01-01 | $375,000 (-11.0%) | $431,177 (-7.5%) | 0.00 | 88 |
2021-02-01 | $357,625 (-15.9%) | $439,055 (-7.3%) | 0.00 | 67 |
2021-03-01 | $441,500 (2.4%) | $470,586 (-0.9%) | 0.00 | 68 |
2021-04-01 | $525,000 (28.1%) | $515,577 (13.1%) | 0.00 | 71 |
2021-05-01 | $475,000 (19.1%) | $560,905 (26.5%) | 0.00 | 83 |
2021-06-01 | $500,000 (25.1%) | $620,472 (35.7%) | 0.00 | 87 |
2021-07-01 | $497,000 (18.3%) | $636,192 (37.0%) | 0.00 | 98 |
2021-08-01 | $511,975 (29.6%) | $624,008 (46.9%) | 0.00 | 110 |
2021-09-01 | $481,950 (23.9%) | $599,061 (39.4%) | 0.00 | 91 |
2021-10-01 | $449,925 (15.7%) | $572,453 (31.9%) | 0.00 | 93 |
2021-11-01 | $475,750 (19.8%) | $661,054 (48.4%) | 0.00 | 84 |
2021-12-01 | $525,500 (27.6%) | $676,239 (49.6%) | 0.00 | 73 |
2022-01-01 | $599,900 (60.0%) | $779,011 (80.7%) | 0.00 | 61 |
2022-02-01 | $652,750 (82.5%) | $749,445 (70.7%) | 0.00 | 64 |
2022-03-01 | $657,000 (48.8%) | $739,912 (57.2%) | 0.00 | 79 |
2022-04-01 | $740,000 (41.0%) | $797,588 (54.7%) | 0.00 | 106 |
2022-05-01 | $779,000 (64.0%) | $874,415 (55.9%) | 0.00 | 86 |
2022-06-01 | $778,000 (55.6%) | $863,774 (39.2%) | 0.00 | 94 |
2022-07-01 | $687,000 (38.2%) | $839,287 (31.9%) | 0.00 | 123 |
2022-08-01 | $649,950 (27.0%) | $824,806 (32.2%) | 0.00 | 142 |
2022-09-01 | $655,500 (36.0%) | $827,318 (38.1%) | 0.00 | 137 |
2022-10-01 | $659,000 (46.5%) | $869,532 (51.9%) | 0.00 | 131 |
2022-11-01 | $743,000 (56.2%) | $899,523 (36.1%) | 0.00 | 111 |
2022-12-01 | $629,000 (19.7%) | $837,928 (23.9%) | 0.00 | 119 |
2023-01-01 | $599,500 (-0.1%) | $794,615 (2.0%) | 0.00 | 115 |
2023-02-01 | $659,500 (1.0%) | $850,391 (13.5%) | 0.00 | 114 |
Spearfish's median listing price comes in at 0% of the national average.
Spearfish's average listing price for 2023-02-01 was $850,391, a difference of $100,946 (13.5%) versus the prior year and $55,776 versus the prior month.
For the 2023-02-01 period, Spearfish had 114 MLS listings, a difference of -1 listings (-1%) versus the prior month and 50 listings (78%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Spearfish (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,464 sqft |
2018-02-01 | 0 days | 2,397 sqft |
2018-03-01 | 0 days | 2,466 sqft |
2018-04-01 | 0 days | 2,543 sqft |
2018-05-01 | 0 days | 2,436 sqft |
2018-06-01 | 0 days | 2,442 sqft |
2018-07-01 | 0 days | 2,516 sqft |
2018-08-01 | 0 days | 2,496 sqft |
2018-09-01 | 0 days | 2,542 sqft |
2018-10-01 | 0 days | 2,614 sqft |
2018-11-01 | 0 days | 2,616 sqft |
2018-12-01 | 0 days | 2,616 sqft |
2019-01-01 | 0 days | 2,546 sqft |
2019-02-01 | 0 days | 2,551 sqft |
2019-03-01 | 0 days | 2,562 sqft |
2019-04-01 | 0 days | 2,603 sqft |
2019-05-01 | 0 days | 2,560 sqft |
2019-06-01 | 0 days | 2,656 sqft |
2019-07-01 | 0 days | 2,617 sqft |
2019-08-01 | 0 days | 2,617 sqft |
2019-09-01 | 0 days | 2,681 sqft |
2019-10-01 | 0 days | 2,736 sqft |
2019-11-01 | 0 days | 2,722 sqft |
2019-12-01 | 0 days | 2,736 sqft |
2020-01-01 | 0 days | 2,700 sqft |
2020-02-01 | 0 days | 2,700 sqft |
2020-03-01 | 0 days | 2,693 sqft |
2020-04-01 | 0 days | 2,435 sqft |
2020-05-01 | 0 days | 2,368 sqft |
2020-06-01 | 0 days | 2,396 sqft |
2020-07-01 | 0 days | 2,485 sqft |
2020-08-01 | 0 days | 2,270 sqft |
2020-09-01 | 0 days | 2,194 sqft |
2020-10-01 | 0 days | 2,098 sqft |
2020-11-01 | 0 days | 2,130 sqft |
2020-12-01 | 0 days | 2,039 sqft |
2021-01-01 | 0 days | 1,977 sqft |
2021-02-01 | 0 days | 1,977 sqft |
2021-03-01 | 0 days | 1,977 sqft |
2021-04-01 | 0 days | 2,234 sqft |
2021-05-01 | 0 days | 2,158 sqft |
2021-06-01 | 0 days | 2,052 sqft |
2021-07-01 | 0 days | 2,089 sqft |
2021-08-01 | 0 days | 2,301 sqft |
2021-09-01 | 0 days | 2,179 sqft |
2021-10-01 | 0 days | 2,119 sqft |
2021-11-01 | 0 days | 2,298 sqft |
2021-12-01 | 0 days | 2,447 sqft |
2022-01-01 | 0 days | 2,610 sqft |
2022-02-01 | 0 days | 2,642 sqft |
2022-03-01 | 0 days | 2,515 sqft |
2022-04-01 | 0 days | 2,396 sqft |
2022-05-01 | 0 days | 2,515 sqft |
2022-06-01 | 0 days | 2,574 sqft |
2022-07-01 | 0 days | 2,579 sqft |
2022-08-01 | 0 days | 2,473 sqft |
2022-09-01 | 0 days | 2,423 sqft |
2022-10-01 | 0 days | 2,407 sqft |
2022-11-01 | 0 days | 2,479 sqft |
2022-12-01 | 0 days | 2,328 sqft |
2023-01-01 | 0 days | 2,304 sqft |
2023-02-01 | 0 days | 2,371 sqft |
Spearfish's median square footage for active listings during the 2023-02-01 period was 2,371 sqft. One year prior, the average listing was 2,642 sqft.
Spearfish, SD Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 592 | $200,330,000 | $338,395 |
Refi | 394 | $93,620,000 | $237,614 |
Cash Out Refi | 245 | $61,495,000 | $251,000 |
Home Improvement | 86 | $11,990,000 | $139,419 |
Other | 35 | $6,305,000 | $180,143 |
Spearfish's most frequently cited loan purpose was Home Purchase, with 592 originations. The 2nd most popular reason was Refi, with 394 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 458 | $133,180,000 | $290,786 |
3-4% | 390 | $107,090,000 | $274,590 |
<2.5% | 215 | $55,405,000 | $257,698 |
4-5% | 78 | $13,320,000 | $170,769 |
5-6% | 14 | $1,310,000 | $93,571 |
6-7% | 9 | $1,095,000 | $121,667 |
7-8% | 2 | $170,000 | $85,000 |
Over 8% | 2 | $80,000 | $40,000 |
During 2021, Spearfish's most frequently originated rate bucket was 2.5-3%, with 458 originations.
Loan Sizing (Spearfish, SD MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 578 | $162,870,000 | $281,782 |
$100k-200k | 361 | $54,545,000 | $151,094 |
$400k-600k | 214 | $101,790,000 | $475,654 |
$100,000 or less | 153 | $9,475,000 | $61,928 |
$600k-1000k | 37 | $26,775,000 | $723,649 |
$Over $1MM | 9 | $18,285,000 | $2,031,667 |
Spearfish's loan sizing saw the bucket of loans from $200k-400k with 578 originations, totaling $162,870,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
60-80% | 419 | $121,545,000 | $290,084 |
80-100% | 324 | $108,270,000 | $334,167 |
40-60% | 201 | $48,705,000 | $242,313 |
20-40% | 121 | $17,035,000 | $140,785 |
Under 20% | 62 | $3,850,000 | $62,097 |
Over 100% | 13 | $5,315,000 | $408,846 |
Spearfish's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 419 originations, totaling $121,545,000 in origination value.